Income-oriented debt or money-market exposure
The investment objective of the Scheme is to generate regular income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Investors matching the scheme's duration and credit profile to their time horizon.
Interest-rate, credit, liquidity and reinvestment risk; debt funds are not fixed deposits.
How the money may be invested
Money Market Instruments ^: 0% - 100% of net assets, ^having maturity upto 1 year. Please refer the Scheme Information Document for complete details.
- SEBI category
- Money Market Fund
- Fund type
- An open ended debt scheme investing in money market instruments. A relatively low interest rate risk and moderate credit risk.
- Primary benchmark
- CRISIL Money Market A-I Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRISIL). CRISIL Indices shall not be copied, transmitted or distributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices.
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Mr. Devesh Thacker FM 2 - Mr. Parijat Agrawal
- Manager tenure on this scheme
- Mr. Devesh Thacker FM 2 - Mr. Parijat Agrawal — since 26-08-2021 · Since 26-08-2021
- Role / co-management
- Mr. Devesh Thacker FM 2 - Mr. Parijat Agrawal — comanage · comanage
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Union Money Market Fund - Direct Plan - Growth Option | ₹1,370.0280 | 04 Sep 2026 |
| Union Money Market Fund - Direct Plan - Monthly IDCW Option | ₹1,012.8303 | 04 Sep 2026 |
| Union Money Market Fund - Regular Plan - Daily IDCW Option | ₹1,003.2031 | 04 Sep 2026 |
| Union Money Market Fund - Regular Plan - Growth Option | ₹1,322.5001 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 0.82%, Direct 0.18%
- Exit load
- Nil
- Minimum application
- 5000 · multiples of 1
- SIP frequency
- SIP - Weekly, Fortnightly and Monthly STP - Daily, Weekly, Fortnightly, Monthly ,Quarterly and Half yearly SWP - Daily, Monthly ,Quarterly, Half yearly and Yearly
- Minimum SIP amount
- SIP - Rs. 500 for weekly SIP, Rs. 500 for fortnightly SIP, Rs. 500 for monthly SIP, STP - Rs. 100 for all frequencies SWP - Rs. 500 for all frequencies
- Minimum instalments
- SIP - 6 instalments for all frequencies, STP - 6 instalments for all frequencies SWP - 6 instalments for all frequencies
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.