AMFI - Registered Mutual Fund Distributor

Union Consumption Fund – Nfo Smart Switch – Union Overnight Fund – Regular Plan – Growth – Physical Only

Low Risk | Others

Fund Overview

Launch Date

01 Dec 2025

End Date

11 Dec 2025

Allotment Date

22 Dec 2025

NAV

₹10

Expense Ratio, Exit Load & Tax

Expense ratio

0.17%

Exit load

nil (0%) exit load.

Minimum Investment Amounts

minimum additional investment

₹₹1,000

minimum SIP investment

₹₹500

MINIMUM LUMPSUM INVESTMENT

₹₹5,000

Fund Managment

Devesh Thacker

Education

Experience

Fund House & Investment Objective

Union Consumption Fund - Nfo Smart Switch - Union Overnight Fund - Regular Plan - Growth - Physical Only

Rank(total assets)

NA

Date of Incorportation

27/03/2025

Total AUM

NA

The description refers to using a process called NFO Smart Switch to move funds from the Union Overnight Fund to the new Union Consumption Fund, within the Regular Plan - Growth - Physical Only options.


Investment Objective

The investment objective of the Union Overnight Fund is to generate returns by investing in Debt and Money Market Instruments with overnight maturity. This fund typically invests in securities that mature in just one day, making it a low-risk option for parking idle cash for a very short term (less than a month).

Fund benchmark

CRISIL Liquid Overnight Index

Fund House Contact Details

Address

Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East) Mumbai - 400059

Phone

022-6748 3300

Launch Fund Date

01 Dec 2025

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Closing Date25 Mar 2026

Allotment Date01 Jan 1970

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Hsbc Gold Etf – Demat Only

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Bandhan Silver Etf – Demat Only

Very High Risk | Equity

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Dsp Nifty Midcap 150 Etf – Demat Only

Select Risk Level | Equity

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Closing Date08 Dec 2025

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Dsp Msci India Etf – Demat Only

Low To Moderate Risk | Equity

Launch Date10 Nov 2025

Closing Date17 Nov 2025

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Edelweiss Nifty 50 Etf – Demat Only

Very High Risk | Equity

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Bandhan Silver Etf – Demat Only

Very High Risk | Equity

Launch Date13 Oct 2025

Closing Date15 Oct 2025

Allotment Date17 Oct 2025

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Closing Date15 Oct 2025

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Closing Date19 Jun 2025

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Closing Date27 Jun 2025

Allotment Date04 Jul 2025


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FAQ's

Frequenlty Asked Question

How do I repay the loan taken against mutual funds?

You can repay the loan in EMIs or lump sum, as per the agreed terms. KSquare offers reminders and easy tracking.

Can NRIs invest in NFOs via KSquare?

Yes, most NFOs are open to NRIs subject to fund house guidelines. KSquare helps confirm eligibility for NRIs.

Can I pause or stop my SIP anytime with KSquare?

Yes, KSquare allows you to pause, stop, or modify your SIP plan anytime through your account dashboard.

Which types of mutual funds are eligible for loans?

Typically, equity and debt mutual fund units held in demat form are eligible. KSquare helps confirm your fund’s eligibility instantly.

Can I repatriate funds from my investments through KSquare?

Repatriation is allowed from NRE accounts. Investments via NRO are non-repatriable beyond set RBI limits.

Do SIPs help in achieving children’s education goals?

Yes, SIPs offer structured savings and growth, ensuring funds are ready when needed for future school, college or career plans.

How is the loan amount calculated?

The loan value is based on the mutual fund's NAV and the lender’s margin requirements. KSquare shows your eligible amount during application.

Can I invest in an NFO online with KSquare?

Yes, KSquare’s digital platform enables secure and quick online investments in NFOs with just a few clicks.

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