Union Money Market Fund
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Growthvine rating: 2/5 — ranked #19 of 28 in category.
Fund basics
| Category | Debt: Money Market |
|---|---|
| NAV | ₹1327.72 (as of 2026-10-23) |
| AUM | ₹1,120 Cr |
| Expense ratio | 0.68% |
| Riskometer | Low to Moderate |
| Fund manager | Devesh Thacker |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.76% |
|---|---|
| Sharpe ratio | 1.41 |
| Standard deviation | 0.46% |
| Max drawdown | −0.13% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 87.3% of NIFTY Money Market Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.8% | Q3 | #20 of 26 |
| 2025 | 6.5% | Q4 (Bottom) | #24 of 24 |
| 2024 | 6.7% | Q4 (Bottom) | #23 of 24 |
| 2023 | 6.2% | Q4 (Bottom) | #22 of 22 |
| 2022 | 4.0% | Q3 | #15 of 19 |