GMP IPO Watch
Union Overnight Fund
Regular Plan · Daily IDCW Option · Union Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.00% | +0.09% | 28 of 40 |
| 1M | +0.00% | +0.40% | 28 of 40 |
| 3M | +0.00% | +1.12% | 21 of 38 |
| 6M | +0.00% | +2.09% | 19 of 36 |
| YTD | +0.00% | +3.34% | 18 of 40 |
| 1Y | +0.00% | +4.33% | 19 of 36 |
| 2Y | +0.00% | +4.64% | 18 of 33 |
| 3Y | +0.00% | +5.00% | 19 of 33 |
| 5Y | +0.01% | +4.98% | 15 of 27 |
| 7Y | +0.01% | +4.48% | 16 of 24 |
| INCEPTION | +0.01% | — | — |
Ranked among: Debt Scheme - Overnight Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.00% | +0.06% | -0.00% | 46% | 18% |
| 6M | +0.00% | +0.06% | -0.00% | 62% | 25% |
| 1Y | +0.01% | +0.06% | +0.00% | 83% | 33% |
| 2Y | +0.01% | +0.03% | +0.00% | 100% | 40% |
| 3Y | +0.01% | +0.02% | +0.00% | 100% | 40% |
| 5Y | +0.01% | +0.02% | +0.01% | 100% | 40% |
| 7Y | +0.01% | +0.02% | +0.01% | 100% | 40% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt5.32%
- Cash94.68%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| 5.30% Reverse Repo | Reverse Repo / TREPS | 58.39% | — |
| 5.25% Reverse Repo | Reverse Repo / TREPS | 24.79% | — |
| 5.20% Reverse Repo | Reverse Repo / TREPS | 7.85% | — |
| TREPS | Reverse Repo / TREPS | 3.59% | — |
| 91 Day Treasury Bills | Money Market | 3.04% | — |
| 364 Day Treasury Bills | Money Market | 0.76% | — |
| 182T221026 | Money Market | 0.76% | — |
| 91TB291026 | Money Market | 0.76% | — |
| Net Receivable / Payable | Net Current Assets | 0.06% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.00 | 0.23 | Low Volatility |
| 3Y | 0.00 | 0.20 | Low Volatility |
| 5Y | 0.00 | 0.37 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -83434.61 | -15.71 | Below Average |
| 3Y | -26885.83 | -5.07 | Below Average |
| 5Y | -1074.59 | -3.25 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.23 | — | Poor Risk Adjusted Returns |
| 3Y | -0.86 | — | Good Risk Adjusted Returns |
| 5Y | -0.48 | — | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
BANK OF INDIA OVERNIGHT FUND
Regular Plan · Growth
|
+5.47% | +6.13% | +5.87% | +5.19% |
|
Axis Overnight Fund
Direct Plan · Growth Option
|
+5.30% | +6.04% | +5.81% | +5.17% |
|
Kotak Overnight Fund
Direct Plan · Growth
|
+5.28% | +6.02% | +5.78% | +5.17% |
|
Nippon India Overnight Fund
Direct Plan · Growth Option
|
+5.28% | +6.03% | +5.80% | +5.21% |
|
JioBlackRock Overnight Fund
Direct Plan · Growth Option
|
+5.28% | — | — | +5.33% |
|
Canara Robeco Overnight Fund
Direct Plan · GROWTH OPTION
|
+5.27% | +5.95% | +5.72% | +5.07% |
|
Mirae Asset Overnight Fund
Direct Plan · Growth
|
+5.27% | +6.02% | +5.79% | +5.14% |
|
HSBC Overnight Fund
Direct Plan · Growth
|
+5.27% | +6.01% | +5.79% | +5.14% |
|
Mahindra Manulife Overnight Fund
Direct Plan · Daily IDCW
|
+5.25% | +6.00% | +7.29% | +5.14% |
|
360 ONE Overnight Fund
Regular Plan · GROWTH Option
|
+5.23% | — | — | +5.29% |
More From Union Asset Management Company Private Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Union Gold ETF Fund of Fund
Direct Plan · Growth Option
|
+17.00% | — | — | +31.55% |
|
Union Gold ETF
Direct Plan · Growth Option
|
+16.73% | — | — | +31.97% |
|
Union Active Momentum Fund
Direct Plan · IDCW Option
|
+15.74% | — | — | +0.32% |
|
Union Small Cap Fund
Direct Plan · Growth Option
|
+14.82% | +15.43% | +16.22% | +16.18% |
|
Union Innovation & Opportunities Fund
Direct Plan · Growth Option
|
+8.71% | +19.25% | — | +17.75% |
|
Union Arbitrage Fund
Direct Plan · IDCW Option
|
+6.65% | +7.17% | +6.60% | +5.78% |
|
Union Money Market Fund
Direct Plan · Growth Option
|
+6.62% | +7.14% | +6.53% | +6.40% |
|
Union Liquid Fund
Direct Plan · Growth Option
|
+6.49% | +6.92% | +6.45% | +6.53% |
|
Union Diversified Equity All Cap Active FOF
Direct Plan · IDCW Option
|
+5.99% | — | — | +7.33% |
|
Union Multicap Fund
Direct Plan · Growth Option
|
+5.87% | +15.07% | — | +17.37% |
About This Scheme
Investment Objective
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.
Stated Asset Allocation
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.
Exit Load
Nil
Fund Managers
FM 1 - Mr. Tarun Singh, FM 2 - Mr. Devesh Thacker
FM 1 - comanage, FM 2 - comanage
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.