DebtMoney Market FundRegularGrowthLow

Union Money Market Fund

Q: What is the NAV of Union Money Market Fund?

As of 21 Aug 2026, the NAV of Union Money Market Fund is ₹1,317.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Union Money Market Fund delivered?

Union Money Market Fund has returned +5.92% over 1 year, +6.45% per year over 3 years, +5.68% per year over 5 years and +5.68% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Union Money Market Fund?

Union Money Market Fund charges an expense ratio of 0.82% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Union Money Market Fund?

Its largest holdings are NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27 (7.3%), BANK OF BARODA CD 08MAR27 (6.5%), SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 04DEC26 (5.0%), INDIAN BANK CD 04DEC26 (5.0%) and HDFC BANK LIMITED CD 14DEC26 (5.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Union Money Market Fund?

It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Union Money Market Fund?

Union Money Market Fund is benchmarked against the As per AMFI Tier I benchmark: $ CRISIL Money Market A-I Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the sol. Its alpha and beta on this page are measured against that index.

Q: Who manages Union Money Market Fund?

Union Money Market Fund is managed by Devesh Thacker at Union.

Q: How is Union Money Market Fund taxed?

Union Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Union Mutual Fund · Best Money Market Mutual Funds

This is the Regular plan of Union Money Market Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

NAV

₹1,317.08

-0.00% 1D

as of 21 Aug 2026

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NAV history

+5.93%CAGR

52-week rangePrev NAV ₹1,317.13

Latest ₹1,317.08

Low ₹1,243.4299th percentile of its 52-week rangeHigh ₹1,317.78

Scorecard

★★☆☆☆2/5 vs 27 Money Market Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option).

PerformanceBelow avg

3Y CAGR +6.45% · ranks 23 of 27 Money Market Funds

RiskLow

Volatility 0.4% vs 0.4% category avg

CostHigh

0.8% expense vs 0.5% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Money Market Fund peers (0.4% vs 0.4%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+6.45%) trails the Money Market Fund average (+7.00%)
5-year return (+5.68%) trails the Money Market Fund average (+6.25%)
Ranks #22 of 27 on 1-year return in its Money Market Fund cohort
High expense ratio (0.82%) vs the Money Market Fund average of 0.46%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.46%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

27 Aug 2021

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.54%

Absolute return over the last 3 months (not annualized)

+1.95%

Absolute return over the last 6 months (not annualized)

+3.23%

Absolute return since 1 Jan of this year (not annualized)

+3.95%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.92%

3-year annualized return (CAGR)

+6.45%

5-year annualized return (CAGR)

+5.68%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+5.68%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.36%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.13%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.54%	+0.55%	-0.01%
3M abs	+1.95%	+2.05%	-0.10%
6M abs	+3.23%	+3.17%	+0.06%
1Y CAGR	+5.92%	+6.09%	-0.17%
3Y CAGR	+6.45%	+7.00%	-0.55%
5Y CAGR	+5.68%	+6.25%	-0.57%

Category average across peers in Money Market Fund (up to 27 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 27 peers in Money Market Fund

1Y return

+5.92%

Beats 16% · rank #22

3Y return

+6.45%

Beats 8.3% · rank #23

5Y return

+5.68%

Beats 10% · rank #19

Sharpe

—

Sortino

—

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+6.0%

Median

+6.3%

Best

+7.1%

Worst

+3.2%

Positive periods

100.0%

48 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.95L

Absolute

+9.62%

XIRR

+6.39%

Value vs. invested

36 monthly installments of ₹10,000 into Union Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+3.97%
2025	+6.48%
2024	+6.70%
2023	+6.24%
2022	+4.04%
2021part	+0.86%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,207

Expense ratio

AUM

Portfolio turnover

Exit load

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Money Market Fund

Compare all


Union Money Market FundThis fund Union	★★☆☆☆	+5.92%	+6.45%	+5.68%	—	0.82%	₹997.67Cr
UTI - Money Market Fund UTI	★★★★★	+6.30%	+7.30%	+6.58%	—	0.25%	₹564.74Cr
Axis Money Market Fund Axis	★★★★☆	+6.29%	+7.28%	+6.53%	—	0.35%	₹19,509Cr
Aditya Birla Sun Life Money Manager Fund Aditya Birla Sun Life	★★★★☆	+6.27%	+7.27%	+6.56%	—	0.37%	₹29,121Cr
Tata Money Market Fund Tata	★★★★☆	+6.26%	+7.26%	+6.52%	—	0.40%	₹34,494Cr
Nippon India Money Market Fund Nippon India	★★★★★	+6.21%	+7.26%	+6.56%	—	0.39%	₹21,540Cr

Fund size over time

Quarterly average AUM · AMFI

₹997.67Cr

April - June 2026

+240%

since January - March 2026

At or near its largest, ₹997.67Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Union in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Debt funds

Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.

Frequently asked questions

What is the NAV of Union Money Market Fund?

As of 21 Aug 2026, the NAV of Union Money Market Fund is ₹1,317.08 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Union Money Market Fund delivered?

Union Money Market Fund has returned +5.92% over 1 year, +6.45% per year over 3 years, +5.68% per year over 5 years and +5.68% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Union Money Market Fund?

Union Money Market Fund charges an expense ratio of 0.82% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Union Money Market Fund?

Its largest holdings are NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27 (7.3%), BANK OF BARODA CD 08MAR27 (6.5%), SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 04DEC26 (5.0%), INDIAN BANK CD 04DEC26 (5.0%) and HDFC BANK LIMITED CD 14DEC26 (5.0%). Holdings are disclosed monthly and change over time.

How risky is Union Money Market Fund?

It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Union Money Market Fund?

Union Money Market Fund is benchmarked against the As per AMFI Tier I benchmark: $ CRISIL Money Market A-I Index $ CRISIL Benchmark Disclaimer : CRISIL Indices are the sol. Its alpha and beta on this page are measured against that index.

Who manages Union Money Market Fund?

Union Money Market Fund is managed by Devesh Thacker at Union.

How is Union Money Market Fund taxed?

Union Money Market Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.