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 Date11 Feb 2026

Allotment Date17 Feb 2026

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Closing Date06 Feb 2026

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Bandhan Silver Etf – Demat Only

Very High Risk | Equity

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Dsp Nifty Midcap 150 Etf – Demat Only

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Dsp Msci India Etf – Demat Only

Low To Moderate Risk | Equity

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Edelweiss Nifty 50 Etf – Demat Only

Very High Risk | Equity

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Closing Date17 Nov 2025

Allotment Date24 Nov 2025

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Launch Date31 Oct 2025

Closing Date04 Nov 2025

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Closing Date11 Nov 2025

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Closing Date17 Oct 2025

Allotment Date27 Oct 2025

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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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Launch Date01 Oct 2025

Closing Date15 Oct 2025

Allotment Date22 Oct 2025

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Closing Date20 Oct 2025

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Closing Date17 Oct 2025

Allotment Date24 Oct 2025

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Closing Date24 Jun 2025

Allotment Date27 Jun 2025

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Launch Date17 Jun 2025

Closing Date23 Jun 2025

Allotment Date25 Jun 2025

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Closing Date23 Jun 2025

Allotment Date27 Jun 2025

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Closing Date19 Jun 2025

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Closing Date19 Jun 2025

Allotment Date25 Jun 2025

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Launch Date13 Jun 2025

Closing Date27 Jun 2025

Allotment Date04 Jul 2025


Testimonial

Genuine Review Form Statisifed Customers

4.7 Out of 5 (4299 Reviews)

KSquare’s New Fund Offering system is reliable and easy to follow. Their pre-launch alerts and fund guides helped me confidently choose what’s best for me.

Divya Jaisingh

Divya Jaisingh

Technical Writer

I’ve used a few platforms before, but KSquare is easily the most user-centric. Their mutual fund tools make planning easy and returns trackable.

Ketan Ghosh

Ketan Ghosh

Export Manager

KSquare’s NPS support was practical and transparent. They helped me compare options and choose what’s best for my future.

Naveen Thakkar

Naveen Thakkar

Chartered Accountant

I've explored several NFOs through KSquare, and their consistent communication builds trust. It’s great having expert updates every step of the way.

Kunal Deshpande

Kunal Deshpande

Media Producer

KSquare made it easy to access funds against my mutual investments. The process was fast, smooth, and completely transparent.

Varun Malhotra

Varun Malhotra

Investment Banker

KSquare simplified wealth creation for me. Instead of random investments, I now follow a clear long-term strategy that actually grows. Their disciplined guidance gives consistent financial confidence every month.

Rhea Fernandes

Rhea Fernandes

I loved how simple KSquare made the entire loan procedure. No delays, no confusion—just straight financial help.

Harshad Patel

Harshad Patel

Mechanical Engineer

New fund investing used to be intimidating. KSquare’s support and transparency made it not only easy but enjoyable. I now look forward to NFOs!

Ashwin Nambiar

Ashwin Nambiar

Logistics Planner

I’m thankful to KSquare for making the NPS onboarding so smooth. Their resources are easy to understand for non-finance people.

Bhavika Thakkar

Bhavika Thakkar

Yoga Instructor

KSquare offered me instant financial flexibility through my portfolio. Their team was responsive and professional.

Siddharth Iyer

Siddharth Iyer

Data Analyst

FAQ's

Frequenlty Asked Question

What is the National Pension System (NPS)?

NPS is a government-backed retirement savings scheme that lets you invest during your working life and withdraw upon retirement.

Does KSquare offer mutual funds for tax savings?

Yes, KSquare offers ELSS mutual funds, which are eligible for tax deductions under Section 80C up to ₹1.5 lakh.

What documents are required to invest in mutual funds via KSquare?

You need a PAN card, Aadhaar, bank details, and address proof for KYC verification before starting investments.

Can I nominate someone in India for my investments?

Yes, NRIs can nominate any Indian resident for their mutual fund holdings and other financial assets via KSquare.

How much loan can I get against mutual funds?

You can typically borrow up to 50–70% of your mutual fund’s NAV value. KSquare calculates this during your application.

Are returns from mutual funds taxable for NRIs?

Yes, returns are subject to TDS based on fund type and holding period. KSquare helps you plan for this.

Can I invest jointly with a resident Indian through KSquare?

Yes, joint investments are allowed with a resident Indian, provided KYC and bank account norms are met.

Are mutual funds safe to invest in?

Mutual funds carry market risk, but diversification and professional management help reduce volatility and improve long-term growth potential.

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