Overnightregulargrowth
Union Overnight Fund - Unclaimed Amounts Plan - Redemption Upto 3 years
Returns (Lumpsum)
CAGR for periods ≥ 1 year1 Week+0.13%
1 Month+0.44%
3 Months+1.29%
6 Months+2.62%
1 Year+5.42%
3 Years (CAGR)+6.27%
5 Years (CAGR)—
10 Years (CAGR)—
Since Inception (Dec 2021)+5.91%
SIP Returns (XIRR)
₹1,000/month SIP, annualised1 Year SIP+5.34%
3 Year SIP+5.98%
5 Year SIP—
Since Inception (Dec 2021)+6.07%
Fund Details
Fund HouseUnion Mutual Fund
CategoryOvernight
Plan Typeregular
Optiongrowth
Min SIP₹500
Min Lumpsum₹1,000
Launch Date24 Dec 2021
AMFI Code149454
Risk Metrics
—
Sharpe Ratio
—
Alpha
—
Beta
—
Sortino
—
Std Dev
—
Max Drawdown
Performance Comparison
Performance Comparison
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3Y: -2.14%
Investment Objective
Union Overnight Fund - Unclaimed Amounts Plan - Redemption Upto 3 years invests in overnight securities with a maturity of 1 business day. These funds carry virtually zero credit and interest rate risk, offering the highest safety among mutual funds with returns slightly above savings accounts.
About This Fund
Union Overnight Fund - Unclaimed Amounts Plan - Redemption Upto 3 years is a Overnight mutual fund offered by Union Mutual Fund. The fund has been operational for over 4 years.
Who Should Invest?
- •Investors with a high risk appetite seeking long-term wealth creation
- •Investors with an investment horizon of 5 years or more
- •Investors looking to park surplus cash for very short periods
- •SIP investors who can benefit from rupee cost averaging during market fluctuations