Union Overnight Fund

Income-oriented debt or money-market exposure

The investment objective of the Scheme is to generate returns by investing in Debt and Money Market Instruments with overnight maturity. However, there is no assurance that the Investment Objective of the scheme will be achieved.

How the money may be invested

Investment in overnight securities having maturity of 1 day: 0%-100% of net assets. In accordance with Clause 3.8.2(1) of SEBI Master Circular for Mutual Funds dated March 20, 2026, the Scheme may deploy, not exceeding 5% of the net assets of the Scheme in G-secs and/or T-bills with a residual maturity of upto 30 calendar days for the purpose of placing the same as margin and collateral for certain transactions. Please refer the Scheme Information Document for complete details.

SEBI category

Overnight Fund

Fund type

An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.

Primary benchmark

CRISIL Liquid Overnight 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. Tarun Singh · Mr. Devesh Thacker

Manager tenure on this scheme

Mr. Tarun Singh — since 27-03-2019 · Mr. Devesh Thacker — since 27-03-2019

Role / co-management

Mr. Tarun Singh — comanage · Mr. Devesh Thacker — 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.

What you pay and how money moves

Stated expense ratio

Regular 0.24%, Direct 0.14%

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 - 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

1. Complete KYCIdentity, PAN, bank and contact verification are required.
2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
5. 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.