Union Money Market Fund

Money MarketDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Union Money Market Fund is a Money Market fund run by Union Mutual Fund. On 30-09-2026, it managed ₹1,120 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.4% a year.

NAV (Direct plan): ₹1,378.40; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹1,329.58; ▲ 0.02%30-10-2026
Expense ratio: 0.17%Direct0.64%Regular; 0.17%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.1%Direct6.4%Regular; 7.1%; A year

Union Money Market Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹1,378.40 (up 0.02% that day); Regular Plan Growth ₹1,329.58 (up 0.02% that day).

This fund (Direct plan)

₹1,378.3961

Union Money Market Fund Returns vs Money Market Funds

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.30%	+1.47%	+3.29%	+6.57%	+7.13%	+6.51%	--
This fund (Regular)	+0.27%	+1.34%	+2.98%	+5.90%	+6.39%	+5.77%	--
Money Market average	+0.33%	+1.49%	+3.29%	+6.35%	+7.24%	+6.68%	--
Best in Money Market	+0.38%	+1.57%	+3.37%	+6.57%	+7.44%	+6.90%	--
Worst in Money Market	+0.30%	+1.41%	+3.11%	+6.17%	+6.73%	+6.50%	--
Rank in Money Market	25/27	17/27	16/27	1/25	20/23	16/19	--

Category rows compare the Direct plans of 27 Money Market funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Money Market A-I Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS. Returns of that index are not available to us, so the category average is the comparison.

Union Money Market Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.49%	+4.96%
2025	+7.25%	+6.48%
2024	+7.48%	+6.70%
2023	+7.03%	+6.24%
2022	+4.72%	+4.04%

Union Money Market Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 528 periods, one for each trading day from 27-08-2024 to 30-10-2026.

0%2%4%6%8%

Oct 2021
to
Oct 2024Mar 2022
to
Mar 2025Jul 2022
to
Jul 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026

Union Money Market Fund (Direct)Category average, 27 Money Market funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,010	7.1%	3.8%	8.1%	0%	7.4%	19%
2 years	767	7.2%	5.3%	7.6%	0%	7.3%	8%
3 years	528	7.2%	5.9%	7.3%	0%	7.3%	0%
5 years	42	6.5%	6.4%	6.5%	0%	6.6%	0%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	51	7.1%	3.8%	8.2%	0%	7.3%	25%
2 years	39	7.1%	6.0%	7.8%	0%	7.4%	18%
3 years	27	7.1%	6.7%	7.6%	0%	7.3%	15%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 27 Money Market funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Union Money Market Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Union Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.57%	+6.32%
Standard deviation	0.46%	0.50%
Sharpe ratio	2.85	2.14
Sortino ratio	4.75	3.45
Maximum drawdown	−0.12% (08-07-2026)	−0.14% (22-05-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Union Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+7.13%	+7.23%
Standard deviation	0.38%	0.41%
Sharpe ratio	2.90	2.91
Sortino ratio	5.58	5.45
Maximum drawdown	−0.12% (08-07-2026)	−0.14% (22-05-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Union Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.51%	+6.64%
Standard deviation	0.35%	0.39%
Sharpe ratio	2.05	2.18
Sortino ratio	3.94	3.90
Maximum drawdown	−0.12% (08-07-2026)	−0.23% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Union Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.39%	+6.52%
Standard deviation	0.34%	0.38%
Sharpe ratio	1.98	2.11
Sortino ratio	3.81	3.77
Maximum drawdown	−0.12% (08-07-2026)	−0.23% (06-05-2022)

From daily NAVs, 27-08-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−0.3%−0.2%−0.1%0%

20222023202420252026

Union Money Market Fund (Direct)Category average, 27 Money Market funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Union Money Market Fund (Direct)	−0.12%	06-07-2026	08-07-2026	17-07-2026	9 days	0.0%
Category average	−0.23%	02-05-2022	06-05-2022	30-05-2022	24 days	0.0%

From the Direct plan's daily NAV since 27-08-2021, adjusted for unit splits, and the average of the 27 Money Market funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Union Money Market Fund vs Other Money Market Funds

The five Money Market funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Tata Money Market Fund	1/23	31,690	0.18%	+6.45%	+7.44%	--	--	3.36	6.53	Compare
Axis Money Market Fund	2/23	19,012	0.18%	+6.43%	+7.37%	--	--	3.20	6.13	Compare
Bandhan Money Market Fund	3/23	13,129	0.11%	+6.46%	+7.34%	--	--	3.16	5.98	Compare
Aditya Birla Sun Life Money Market Fund	4/23	26,943	0.22%	+6.36%	+7.33%	--	--	3.05	5.61	Compare
Franklin India Money Market Fund	4/23	3,887	0.14%	+6.43%	+7.33%	--	--	3.12	5.97	Compare
Union Money Market Fund	20/23	1,120	0.17%	+6.57%	+7.13%	--	--	2.90	5.58

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Union Money Market Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Money Market median	Cost rank (1 = cheapest)
Direct	0.14%	0.01%	0.00%	0.02%	0.17%	0.17%	13/27
Regular	0.53%	0.01%	0.00%	0.10%	0.64%	0.40%	24/27

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Money Market funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.90%	6.57%	0.67%	₹1,05,900	₹1,06,570
3 years	6.39%	7.13%	0.74% a year	₹1,20,421	₹1,22,951
5 years	5.77%	6.51%	0.74% a year	₹1,32,377	₹1,37,073

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Union Money Market Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 27-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planUnion Money Market Fund (Direct)	₹6,30,000	₹7,55,759	₹1,25,759	6.9%
Regular planUnion Money Market Fund (Regular)	₹6,30,000	₹7,41,277	₹1,11,277	6.1%
Category averageCategory average, 27 Money Market funds	₹6,30,000	₹7,57,431	₹1,27,431	7.0%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L

20222023202420252026

Direct planUnion Money Market Fund (Direct)Regular planUnion Money Market Fund (Regular)Category averageCategory average, 27 Money Market fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Union Money Market Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

107.0%Debt

Asset	Fund	Category
Debt	107.0%	99.5%
Cash and others	−7.0%	3.0%

Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 27 Money Market funds.

Rating	Fund	Category
Sovereign	12.2%	10.6%
AAA and A1+	94.8%	88.8%

Union Money Market Fund Portfolio Holdings

As on 30-09-2026 · 42 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
LIC Housing Finance Ltd. · Commercial paper	CRISIL A1+	6.49%
Indian Bank · Certificate of deposit	CRISIL A1+	4.41%
Mahindra Rural Housing Finance Ltd. · Commercial paper	CRISIL A1+	4.35%
Axis Bank Ltd.	CRISIL A1+	4.35%
Axis Bank Ltd.	CRISIL A1+	4.34%
Mahindra & Mahindra Financial Services Ltd. · Commercial paper	CRISIL A1+	4.33%
Canara Bank · Certificate of deposit	CRISIL A1+	4.33%
The Federal Bank Ltd. · Certificate of deposit	CRISIL A1+	4.33%
Punjab National Bank · Certificate of deposit	CRISIL A1+	4.33%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	4.33%
ICICI Securities Ltd. · Commercial paper	CRISIL A1+	4.31%
Muthoot Fincorp Ltd. · Commercial paper	CRISIL A1+	4.29%
364 Day Treasury Bills · Government security	Sovereign	3.92%
364 Day Treasury Bills · Government security	Sovereign	2.21%
UCO Bank · Certificate of deposit	CRISIL A1+	2.21%
Bank of Baroda · Certificate of deposit	IND A1+	2.21%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	2.20%
Punjab National Bank · Certificate of deposit	CRISIL A1+	2.20%
Bank of Baroda · Certificate of deposit	IND A1+	2.20%
Muthoot Finance Ltd. · Commercial paper	CRISIL A1+	2.20%
ICICI Bank Ltd.	[ICRA]A1+	2.18%
Punjab National Bank · Certificate of deposit	CRISIL A1+	2.17%
Aditya Birla Capital Ltd. · Commercial paper	CRISIL A1+	2.17%
National Bank for Agriculture and Rural Development · Certificate of deposit	CRISIL A1+	2.17%
Small Industries Development Bank of India · Certificate of deposit	CRISIL A1+	2.17%
ICICI Bank Ltd.	[ICRA]A1+	2.16%
AU Small Finance Bank Ltd. · Certificate of deposit	CRISIL A1+	2.16%
Small Industries Development Bank of India · Certificate of deposit	CRISIL A1+	2.16%
Muthoot Finance Ltd. · Commercial paper	CRISIL A1+	2.16%
Bajaj Finance Ltd. · Commercial paper	CRISIL A1+	2.16%
Cholamandalam Investment & Finance Co. Ltd. · Commercial paper	CRISIL A1+	2.16%
Infina Finance Pvt. Ltd. · Commercial paper	CRISIL A1+	2.15%
Bank of Baroda · Certificate of deposit	IND A1+	1.47%
364 Day Treasury Bills · Government security	Sovereign	1.33%
364 Day Treasury Bills · Government security	Sovereign	1.15%
State Government of Gujarat 7.05% 2026 · State government security	Sovereign	0.89%
364 Day Treasury Bills · Government security	Sovereign	0.87%
State Government of Tamil Nadu 7.07% 2026 · State government security	Sovereign	0.45%
State Government of Karnataka 7.08% 2026 · State government security	Sovereign	0.45%
State Government of West Bengal 7.92% 2027 · State government security	Sovereign	0.45%
State Government of Bihar 7.10% 2026 · State government security	Sovereign	0.45%
Corporate Debt Mkt Devp. Fund-A2	Alternative Investment Fund	0.24%

Union Money Market Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak CRISIL IBX Financial Services 3 6 Months Debt Index FundIndex · Kotak Mahindra	17.3%	4	Compare
Edelweiss Money Market FundMoney Market · Edelweiss	17.1%	7	Compare
HSBC Money Market FundMoney Market · HSBC	15.1%	12	Compare
JioBlackRock Money Market FundMoney Market · Jio BlackRock	13.4%	7	Compare
Invesco India Money Market FundMoney Market · Invesco	11.7%	10	Compare
Sundaram Ultra Short Term FundUltra Short · Sundaram	11.5%	7	Compare
Bajaj Finserv Money Market FundMoney Market · Bajaj Finserv	11.1%	9	Compare
DSP Money Market FundMoney Market · DSP	10.7%	14	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Union Money Market Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.17%
Expense ratio (Regular): 0.64%
Category: Money Market
Risk: Low to Moderate
Launch date: 26-08-2021
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹1,120.46 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 149117
ISIN (Direct): INF582M01HG5
Scheme code (Regular): 149116
ISIN (Regular): INF582M01HO9
NAV history: From 27-08-2021, 5.2 years

Benchmark: CRISIL Money Market A-I Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS
Exit load: Nil

Tax on Union Money Market Fund returns

Union Money Market Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹1,378.3961	30-10-2026
direct	Monthly IDCW	₹1,010.5736	30-10-2026
regular	Growth	₹1,329.5814	30-10-2026
regular	Monthly IDCW	₹1,000.3886	30-10-2026
regular	Daily IDCW	₹1,003.2031	30-10-2026

About Union Money Market Fund

Union Money Market Fund is a mutual fund from Union Mutual Fund. Its category is Money Market. It was launched on 26-08-2021. Its benchmark is CRISIL Money Market A-I Index. CRISIL Benchmark Disclaimer: CRISIL Indices are the sole property of CRISIL Limited (CRIS. At the end of September 2026 it held 42 securities.

Fund Manager

Devesh Thacker
Fund manager of Union Money Market Fund, since 26-08-2021
Parijat Agrawal
Fund manager of Union Money Market Fund, since 26-08-2021

See all funds of Union Mutual Fund

AUM change

September 2026: ₹1,120.46 Cr; −24.38% from August 2026
August 2026: ₹1,481.72 Cr; +38.15% from July 2026
July 2026: ₹1,072.52 Cr; +9.74% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Union Money Market Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Union Money Market vs Tata Money MarketMoney Market
Union Money Market vs Axis Money MarketMoney Market
Union Money Market vs Bandhan Money MarketMoney Market
Union Money Market vs Aditya Birla Sun Life Money MarketMoney Market
Union Money Market vs Franklin India Money MarketMoney Market
Union Money Market vs Kotak CRISIL IBX Financial Services 3 6 Months Debt Index17.3% overlap
Union Money Market vs Edelweiss Money Market17.1% overlap
Union Money Market vs HSBC Money Market15.1% overlap

Compare with any other fund

Frequently Asked Questions for Union Money Market Fund

What is the current NAV of Union Money Market Fund?

The Direct plan NAV is ₹1,378.3961. The Regular plan NAV is ₹1,329.5814, as on 30-10-2026.

What are the returns of Union Money Market Fund?

The Direct plan returned +6.57% in 1 year, +7.13% a year over 3 years, +6.51% a year over 5 years. The Regular plan returned +5.90% in 1 year, +6.39% a year over 3 years, +5.77% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Union Money Market Fund?

The Direct plan charges 0.17% a year. The Regular plan charges 0.64% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Union Money Market Fund?

Union Money Market Fund managed ₹1,120.46 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Union Money Market Fund?

At the end of September 2026 the largest holdings were LIC Housing Finance Ltd. (6.49%), Indian Bank (4.41%), Mahindra Rural Housing Finance Ltd. (4.35%), Axis Bank Ltd. (4.35%), Axis Bank Ltd. (4.34%). The fund held 42 securities in all.

How do I invest in Union Money Market Fund?

Through Union Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of Union Money Market Fund?

Devesh Thacker (since 26-08-2021), Parijat Agrawal (since 26-08-2021).

What is the exit load of Union Money Market Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.