Union Money Market Fund
- NAV as on 25 Sep 2026
- ₹1,325.020.00%1 day
- Return since launch
- 5.7%
- 52-week range
- ₹1,249.04 — ₹1,325.19
- AUM
- ₹1,482 Cr
Union Money Market Fund is a Money Market debt fund from Union Mutual Fund with ₹1,482 Cr under management, launched in 2021. Over three years it has returned 6.4% a year, against 7.0% for its category. The expense ratio is 0.82% and the SEBI riskometer reading is Low to Moderate.
Performance
Union Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.1% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.2 pts | 6.2% | 6.6% |
| 2Y | 6.3% | −0.3 pts | 6.6% | 6.7% |
| 3Y | 6.4% | −0.6 pts | 7.0% | 6.9% |
| 5Y | 6.3% | −0.1 pts | 6.3% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.4% | −0.1 pts | 3.5% | 3.5% |
| 1Y | 6.1% | −0.2 pts | 6.2% | 6.3% |
| 2Y | 6.4% | −0.5 pts | 6.9% | 7.0% |
| 3Y | 6.5% | −0.5 pts | 7.0% | 7.1% |
| 5Y | 5.7% | −0.6 pts | 6.3% | 6.4% |
Since launch (24 Aug 2021): 5.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | −1.0 pts | 7.5% |
| 2024 | 6.6% | −1.0 pts | 7.6% |
| 2023 | 6.2% | −1.1 pts | 7.3% |
| 2022 | 4.0% | −0.7 pts | 4.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.81%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.68%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Money Market A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.29 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.28 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.46 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Union Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt97.8%
- Other2.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 6.51% | ₹96.41 Cr | +2.20% | +2.50% | — |
| LIC Housing Finance Ltd. | Financial | 4.89% | ₹72.40 Cr | +4.15% | — | +5.66% |
| Indian Bank | Financial | 3.32% | ₹49.18 Cr | +2.12% | — | — |
| Axis Bank Ltd. | Financial | 3.27% | ₹48.52 Cr | +2.11% | +6.14% | +8.38% |
| company:13088 | Financial | 3.27% | ₹48.47 Cr | — | — | — |
| Bank Of Baroda | Financial | 3.26% | ₹48.29 Cr | +2.20% | +4.92% | +8.50% |
| The Federal Bank Ltd. | Financial | 3.26% | ₹48.32 Cr | +4.15% | +6.16% | — |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | Financial | 3.25% | ₹48.22 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.25% | ₹48.29 Cr | +4.30% | +5.00% | +11.14% |
| ICICI Securities Ltd. | Financial | 3.24% | ₹48.03 Cr | +2.15% | +2.50% | — |
| Others | Others | 2.42% | ₹35.91 Cr | +19.12% | +0.56% | +1.20% |
| HDFC Bank Ltd. | Financial | 1.66% | ₹24.55 Cr | +4.30% | +4.91% | +5.58% |
| Kotak Mahindra Prime Ltd. | Financial | 1.66% | ₹24.56 Cr | +2.11% | — | — |
| Muthoot Finance Ltd. | Financial | 1.66% | ₹24.54 Cr | +2.06% | — | — |
| UCO Bank | Financial | 1.66% | ₹24.58 Cr | +2.12% | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.63% | ₹24.12 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 1.63% | ₹24.16 Cr | — | — | +8.35% |
| Canara Bank | Financial | 1.63% | ₹24.14 Cr | +4.31% | +4.90% | +5.66% |
| ICICI Bank Ltd. | Financial | 1.63% | ₹24.12 Cr | — | — | — |
| Punjab National Bank | Financial | 1.63% | ₹24.20 Cr | +1.69% | +4.75% | +8.36% |
| Bajaj Finance Ltd. | Financial | 1.62% | ₹24.05 Cr | +2.07% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.62% | ₹24.07 Cr | +2.06% | +6.15% | +5.48% |
| company:9765 | Financial | 1.62% | ₹23.94 Cr | — | +2.50% | — |
| Reserve Bank of India | Financial | 0.86% | ₹12.79 Cr | +0.87% | +2.43% | +5.75% |
| Gujarat State | Construction | 0.68% | ₹10.04 Cr | +0.89% | — | — |
| Bihar State | Others | 0.34% | ₹5.02 Cr | — | — | — |
| Karnataka State | Others | 0.34% | ₹5.02 Cr | +0.44% | — | — |
| Tamilnadu State | Others | 0.34% | ₹5.02 Cr | +0.44% | — | — |
| company:6904 | Others | 0.34% | ₹5.05 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:13088 | 0.00% | 3.27% | +3.27% |
| HDFC Bank Ltd. | 4.55% | 1.66% | -2.89% |
| Mahindra & Mahindra Financial Services Ltd. | 2.27% | 0.00% | -2.27% |
| LIC Housing Finance Ltd. | 6.71% | 4.89% | -1.82% |
| company:9765 | 0.00% | 1.62% | +1.62% |
| Indian Bank | 4.56% | 3.32% | -1.24% |
| Axis Bank Ltd. | 4.50% | 3.27% | -1.23% |
| The Federal Bank Ltd. | 4.48% | 3.26% | -1.22% |
| Mahindra & Mahindra Financial Services Ltd. - Right Entitlement | 4.47% | 3.25% | -1.22% |
| ICICI Securities Ltd. | 4.45% | 3.24% | -1.21% |
| Bank Of Baroda | 2.24% | 3.26% | +1.02% |
| Punjab National Bank | 2.27% | 1.63% | -0.64% |
| ICICI Bank Ltd. | 2.25% | 1.63% | -0.62% |
| Small Industries Devp. Bank of India Ltd. | 2.24% | 1.62% | -0.62% |
| UCO Bank | 2.28% | 1.66% | -0.62% |
| Aditya Birla Capital Ltd. | 2.24% | 1.63% | -0.61% |
| Canara Bank | 2.24% | 1.63% | -0.61% |
| Kotak Mahindra Prime Ltd. | 2.27% | 1.66% | -0.61% |
| Bajaj Finance Ltd. | 2.23% | 1.62% | -0.61% |
| Cholamandalam Investment and Finance Company Ltd. | 2.23% | 1.62% | -0.61% |
| AU Small Finance Bank Ltd. | 2.23% | 1.63% | -0.60% |
| Muthoot Finance Ltd. | 2.23% | 1.66% | -0.57% |
| company:6904 | 0.00% | 0.34% | +0.34% |
| Reserve Bank of India | 1.19% | 0.86% | -0.33% |
| Gujarat State | 0.94% | 0.68% | -0.26% |
| National Bank For Agriculture & Rural Development | 6.70% | 6.51% | -0.19% |
| Bihar State | 0.47% | 0.34% | -0.13% |
| Karnataka State | 0.47% | 0.34% | -0.13% |
| Tamilnadu State | 0.47% | 0.34% | -0.13% |
| Others | 0.25% | 0.18% | -0.07% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,840 Cr | 0.33% | 6.7% | 7.0% | 7.0% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.7% | 7.0% | 7.0% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.7% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.7% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund managers
- Devesh ThackerMr. Thacker is a B.Com (H) and Post graduate from University of Pune.Prior to joining Union AMC in 2011 he has worked with Sahara AMC.
- Parijat AgrawalMr. Agrawal is a B.Tech and MBA from IIM Bangalore.Prior to joining Union Mutual Fund, he has worked with SBI Mutual Fund, State Bank of Mauritius ltd. and SUN F&C Asset Management.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.41% absolute | ₹60,000 | ₹62,046 | 3.41% | |
| 1 year6.07% annualised | ₹1,20,000 | ₹1,24,020 | 3.35% | |
| 3 years6.46% annualised | ₹3,60,000 | ₹3,98,212 | 10.61% | |
| 5 years5.74% annualised | ₹6,00,000 | ₹6,96,373 | 16.06% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.