Should I invest in Union Overnight Fund - Monthly IDCW Option?

We don't give personal investment advice. Union Overnight Fund - Direct Plan - Monthly IDCW Option is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.6%. 5-year CAGR: 0.03%.

Union

Union Overnight Fund - Direct Plan - Monthly IDCW Option

Latest NAV

₹1,004.0275

As of

19 Jul 2026

2,045 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.03%	+0.01%	+0.02	13 / 93	Q1
1W	+0.10%	+0.03%	+0.07	12 / 93	Q1
2W	+0.20%	+0.07%	+0.12	15 / 93	Q1
1M	-0.01%	+0.09%	-0.11	79 / 92	Q4
3M	-0.03%	+0.28%	-0.31	86 / 92	Q4
6M	+0.01%	+0.56%	-0.55	40 / 92	Q2
YTD	+0.25%	+0.66%	-0.41	26 / 87	Q2
1Y	-0.02%	+1.00%	-1.02	82 / 86	Q4
2Y	-0.03%	+0.89%	-0.92	69 / 84	Q4
3Y	-0.03%	+0.94%	-0.96	68 / 80	Q4
4Y	+0.01%	+0.96%	-0.95	33 / 74	Q2
5Y	+0.03%	+0.89%	-0.87	22 / 67	Q2
7Y	-0.01%	+0.80%	-0.81	40 / 43	Q4
10Y	—	—	—	—	—
Inception	+0.05%	+1.01%	-0.96	37 / 93	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.25%	+0.70%	-0.45	23 / 76
2025	-0.03%	+0.92%	-0.95	60 / 74
2024	-0.02%	+1.04%	-1.06	67 / 76
2023	0.00%	+1.18%	-1.18	57 / 70
2022	+0.04%	+0.85%	-0.80	25 / 76
2021	+0.00%	+0.35%	-0.34	35 / 73
2020	-0.05%	+0.23%	-0.28	53 / 62
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

-0.02%

78 windows

min -0.6% · max 0.5%

50% positive

3-Year rolling

+0.01%

53 windows

min 0.0% · max 0.2%

62% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+0.02%

29 windows

min 0.0% · max 0.1%

76% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+0.01%

5 windows

min 0.0% · max 0.1%

40% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.12%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.60%

Nov 2023 → Nov 2023

% positive months

55.6%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Overnight Fund

Scheme	Fund house	NAV	As of
HDFC Overnight Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,042.6600	19 Jul 2026
NIPPON INDIA OVERNIGHT FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹100.0050	19 Jul 2026
SBI Overnight Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,380.3311	19 Jul 2026
ICICI Prudential Overnight Fund - Direct Plan - Daily IDCW	ICICI Prudential	₹1,000.0050	19 Jul 2026
Invesco India Overnight Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,000.5303	19 Jul 2026
BANDHAN Overnight Fund - Direct Plan - Daily IDCW	Bandhan	₹1,000.0098	19 Jul 2026
quant Overnight Fund - IDCW Option - Direct Plan	Quant	₹12.5009	19 Jul 2026
ADITYA BIRLA SUN LIFE OVERNIGHT FUND- Direct - Monthly Payout of IDCW	Aditya Birla Sun Life	₹1,002.8608	19 Jul 2026
Franklin India Overnight Fund - Direct Daily Dividend Plan - Daily - IDCW	Franklin India	₹1,000.0007	19 Jul 2026
Mirae Asset Overnight Fund Direct Daily IDCW	Mirae Asset	₹1,000.0244	19 Jul 2026

Recent NAVs

Date	NAV
19 Jul 2026	₹1,004.0275
17 Jul 2026	₹1,003.7369
16 Jul 2026	₹1,003.5935
15 Jul 2026	₹1,003.4489
14 Jul 2026	₹1,003.3113
13 Jul 2026	₹1,003.1711
12 Jul 2026	₹1,003.0296
10 Jul 2026	₹1,002.7377
9 Jul 2026	₹1,002.5950
8 Jul 2026	₹1,002.4510

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 19 Jul 2026, the NAV of Union Overnight Fund - Direct Plan - Monthly IDCW Option is ₹1,004.0275. It's a Overnight Fund from Union, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Union Overnight Fund - Direct Plan - Monthly IDCW Option has NAV history starting from 27 Mar 2019, a track record of about 7 years 3 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Union Overnight Fund - Direct Plan - Monthly IDCW Option is managed by Union. It's classified by AMFI under the 'Overnight Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Union Overnight Fund - Direct Plan - Monthly IDCW Option has delivered a absolute return of -0.02% — -1.02 pp behind the Overnight Fund category average of 1.00%. The fund ranks #82 of 86 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Union Overnight Fund - Direct Plan - Monthly IDCW Option has delivered a CAGR of -0.03% — -0.96 pp behind the Overnight Fund category average of 0.94%. The fund ranks #68 of 80 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Union Overnight Fund - Direct Plan - Monthly IDCW Option has delivered a CAGR of 0.03% — -0.87 pp behind the Overnight Fund category average of 0.89%. The fund ranks #22 of 67 in its category — the second (Q2) quartile.

₹1 lakh invested in Union Overnight Fund - Direct Plan - Monthly IDCW Option exactly 5 years ago would be worth approximately ₹100,130 today — a multiplier of 1.00×, based on the 5-year CAGR of 0.03%. The category average over the same window would have grown ₹1 lakh to ₹104,545.

A ₹10,000 monthly SIP in Union Overnight Fund - Direct Plan - Monthly IDCW Option over the last 5 years — total invested ₹600,000 — would be worth ₹599,902 today. That's an XIRR (money-weighted annualised return) of -0.01%.

Union Overnight Fund - Direct Plan - Monthly IDCW Option doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹840,136 — XIRR 0.00%.

On a 5-year basis, Union Overnight Fund - Direct Plan - Monthly IDCW Option ranks #22 out of 67 funds in the Overnight Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 0.89%; this fund delivered 0.03%.

The worst peak-to-trough decline Union Overnight Fund - Direct Plan - Monthly IDCW Option has experienced over the last 5-year window is 0.60% — its NAV fell from a high on 28 Nov 2023 to a low on 29 Nov 2023. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Union Overnight Fund - Direct Plan - Monthly IDCW Option averaged 0.02% (best 0.11%, worst -0.01%). 76% of rolling windows ended positive.

In calendar year 2025, Union Overnight Fund - Direct Plan - Monthly IDCW Option returned -0.03% — lagging the Overnight Fund category average of 0.92% by 0.95 pp. It ranked #60 of 74 in its category that year.

Union Overnight Fund - Direct Plan - Monthly IDCW Option is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Union Overnight Fund - Direct Plan - Monthly IDCW Option is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.6%. 5-year CAGR: 0.03%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.