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Unrated

Sundaram Medium Term Bond Fund Inst


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.35 0.02 0.81 8.02 5.81 6.70 8.49
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Medium Duration 3.55 -0.42 0.42 4.08 5.28 6.61 7.28

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 9.44 (22-Dec-2009 - 21-Jan-2010) -5.53 (19-Jul-2013 - 19-Aug-2013)
Quarter 11.18 (23-Oct-2009 - 22-Jan-2010) -8.24 (20-May-2013 - 19-Aug-2013)
Year 19.03 (12-Oct-2009 - 12-Oct-2010) 0.12 (20-May-2013 - 20-May-2014)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.42 2.55 -0.14 -0.18 0.97 -0.23
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Medium Duration 5.01 3.19 -0.02 0.19 0.61 -0.69

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 23 17 49
Modified Duration (yrs) 3.82 3.82 3.02 3.14
Average Maturity (yrs) 6.47 6.47 3.97 4.40
Yield to Maturity (%) 7.83 9.26 7.83 9.00

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 12.70 12.70
equal 8.12% National Bank Agr. Rur. Devp 2033 Debenture AAA 5.43 - 6.44 6.44
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 6.30 6.30
equal 8.55% Bank of Baroda 14/02/2029 Non Convertible Debenture AAA 0.00 - 6.29 6.29
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 0.00 - 6.27 6.27
equal 9.55% Hindalco Inds. 27/07/2022 Bonds/NCDs AA 5.57 - 6.27 6.26
down 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 7.48 6.26
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 6.13 6.13
new 7.55% IRFC 2029 Debenture AAA 0.00 - 6.11 6.11
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 5.30 - 6.10 6.10
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 5.46 - 6.06 6.06
equal 8.80% Cholamandalam Invest. & Fin. 15/06/2027 Debenture AA+ 5.09 - 5.73 5.73
equal Reliance Retail Ltd. 28/06/2021 Securitised Debt AAA 2.19 - 2.50 2.50
down Yes Bank Bonds/NCDs BBB+ 0.00 - 3.39 2.15
equal Reliance Retail Ltd. 28/12/2020 Securitised Debt AAA 1.09 - 1.24 1.24
equal 10.50% Sunny View Estates 2021 Debenture A+ 0.00 - 0.82 0.82
equal 8.50% Vedanta 2021 Debenture AA 0.64 - 1.09 0.72

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Nov-2019

Fund Manager

— Dwijendra Srivastava since 20-Jul-2010

Education: Mr. Srivastava is B.Tech , PGDM (Finance) and CFA.

Experience: Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, JM Financial AMC, Tata AMC Private Ltd., Tower Capital and Securities, Indo Swiss Financial and Gontermann Pipers.

Funds Managed:

— Sandeep Agarwal since 01-Jun-2012

Education: Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.

Experience: Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.

Funds Managed:


-0.07%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 61.2152


Investment Strategy

The scheme seeks to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments.

Investment Details

Minimum Investment (₹) 50,00,000
Minimum Addl Investment (₹) 1,00,000
Minimum SIP Investment (₹) 250
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 05-Dec-2008
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 83 Cr (As on 30-Nov-2019)
Expense: 2.00% (As on 31-Mar-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly31-Mar-20100.0701

 15-Jan-20100.1314
 09-Oct-20090.1314
 02-Jul-20090.2628
 30-Mar-20090.1752
 02-Jan-20090.3504
 28-Mar-20080.1927
 19-Nov-20070.2000
 09-Nov-20050.0877
 29-Jul-20050.0614
 08-Apr-20050.0619
 16-Apr-20040.2000
 16-Jan-20040.2500
 03-Oct-20030.2500

News & Analysis

Contact Information

AMC: Sundaram Asset Management Company Ltd

Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014

Phone: 1860-425-7237

Email: [email protected]

Website: www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM