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2 star

Sundaram Short Term Credit Risk Fund


Debt: Credit Risk

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Credit risk funds invest mainly in corporate bonds which are below the highest rating assigned by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest of all types of debt funds. However, they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than highest rated bonds. Moreover, investors can also benefit if the rating of these bonds is subsequently upgraded.

But like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.60 0.05 0.27 1.05 2.17 3.41 0.71 2.31 4.25 5.98 5.92
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Credit Risk -2.60 0.15 0.82 2.11 -0.61 -2.87 -0.69 1.10 3.82 5.97 7.04
Rank within category 9 17 17 15 11 9 13 -- -- -- --
Number of funds in category 19 19 19 19 19 19 19 17 15 6 3

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Short Term Credit Risk Fund
2 star
Jul-02 0.71 2.31 4.25 1.43 117
ICICI Prudential Credit Risk Fund  | Invest Now
5 star
Dec-10 10.16 7.92 8.35 1.59 6,695
HDFC Credit Risk Debt Fund - Regular Plan  | Invest Online
4 star
Mar-14 9.53 7.21 8.30 1.57 6,309
SBI Credit Risk Fund  | Invest Online
4 star
Jul-04 8.90 6.76 7.92 1.54 3,895
Kotak Credit Risk Fund Regular Plan  | Invest Online
4 star
May-10 7.64 6.93 7.95 1.80 2,004

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.63 (21-Feb-2003 - 28-Feb-2003) -7.08 (03-Jun-2019 - 10-Jun-2019)
Month 2.40 (28-Oct-2002 - 27-Nov-2002) -6.69 (28-May-2019 - 27-Jun-2019)
Quarter 5.30 (03-Oct-2002 - 02-Jan-2003) -10.87 (27-May-2019 - 26-Aug-2019)
Year 11.64 (30-Sep-2014 - 30-Sep-2015) -7.43 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.40 5.29 -0.55 -0.23 -0.84 -3.93
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Credit Risk 1.18 6.40 -0.30 -0.09 -2.78 -7.53
Rank within category 10 13 9 8 10 10
Number of funds in category 18 18 18 18 18 18

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 14 27 14 26
Modified Duration (yrs) 0.93 1.01 0.35 --
Average Maturity (yrs) 1.23 1.36 0.77 --
Yield to Maturity (%) 5.91 8.29 5.91 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 12.71 12.71
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 8.79 8.79
equal 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 8.66 8.66
equal Tata Power 89-D 02/06/2020 Commercial Paper A1+ 0.00 - 8.53 8.53
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 8.53 8.53
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 8.53 8.53
equal Godrej Industries 91-D 18/06/2020 Commercial Paper A1+ 0.00 - 8.52 8.52
equal 8.28% Oriental Nagpur Betul Highway 30/09/2020 Debenture AAA 2.72 - 8.50 8.50
equal Tata Power Renewable Energy 91-D 12/06/2020 Commercial Paper A1+ 0.00 - 6.79 5.96
equal 11.75% Kogta Financial India 17/05/2022 Debenture AA 0.00 - 8.20 4.55
equal Equitas Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.55 4.27
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 1.36 - 5.71 4.26
equal Reliance Retail Ltd. 28/12/2020 Securitised Debt AAA 0.77 - 2.43 2.43
equal Reliance Retail Ltd. 28/03/2021 Securitised Debt AAA 0.41 - 1.31 1.31

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 31-May-2020

Fund Manager

— 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:


0.05%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 25.9522

Dividend Weekly: ₹ 10.6450

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Dividend Quarterly: ₹ 11.1996

Dividend Monthly: ₹ 10.9236

Dividend: ₹ 11.1288


Investment Strategy

The scheme seeks to generate income and capital appreciation by predominantly investing in AA and below rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 31-Jul-2002
Return Since Launch: 5.45%
Benchmark: CRISIL Ultra ST Debt (50), CRISIL Composite AA ST Bond (35), CRISIL A Short Term Bond (15)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 117 Cr (As on 31-May-2020)
Expense: 1.43% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-Jun-20200.0340

 29-May-20200.0541
 24-Apr-20200.0426
 27-Mar-20200.0343
 28-Feb-20200.0345
 31-Jan-20200.0099
 31-May-20190.0576
 26-Apr-20190.0332
 29-Mar-20190.0828
 22-Feb-20190.0476
 25-Jan-20190.0539
 28-Dec-20180.0455
 30-Nov-20180.0721
 26-Oct-20180.0480
 28-Sep-20180.0161
 31-Aug-20180.0551
 27-Jul-20180.0564
 29-Jun-20180.0649
 25-May-20180.0233
 27-Apr-20180.0183
 28-Mar-20180.0739
 23-Feb-20180.0293
 25-Jan-20180.0329
 29-Dec-20170.0414
 24-Nov-20170.0266
Dividend Quarterly26-Mar-20200.1080

 30-Dec-20190.1080
 26-Jun-20190.1080
 26-Mar-20190.1080
 20-Dec-20180.1080
 26-Sep-20180.1080
 26-Jun-20180.1080
 27-Mar-20180.1083
 19-Dec-20170.1083
 21-Sep-20170.1083
 27-Jun-20170.1083
 27-Mar-20170.1083
 21-Dec-20160.1083
 23-Sep-20160.1083
 21-Jun-20160.1083
 23-Mar-20160.1083
Dividend Weekly19-Jul-20190.0075

 12-Jul-20190.0127
 05-Jul-20190.0118
 21-Jun-20190.0088
 14-Jun-20190.0041
 31-May-20190.0117
 24-May-20190.0147
 17-May-20190.0041
 10-May-20190.0109
 03-May-20190.0062
 26-Apr-20190.0054
 18-Apr-20190.0067
 12-Apr-20190.0058
 05-Apr-20190.0081
 29-Mar-20190.0191
 22-Mar-20190.0095
 15-Mar-20190.0197
 08-Mar-20190.0149
 01-Mar-20190.0052
 22-Feb-20190.0072
 15-Feb-20190.0100
 08-Feb-20190.0098
 25-Jan-20190.0096
 18-Jan-20190.0101
 11-Jan-20190.0101
Dividend26-Mar-20190.4322

 27-Mar-20180.4334
 27-Mar-20170.4334
 23-Mar-20160.4334
 06-Jul-20150.1296
 14-May-20150.0822
 30-Mar-20150.0500
 16-Sep-20141.0477
 30-May-20133.0462
 20-Jul-20070.1314
 24-Jul-20060.1754
 09-Nov-20050.1052
 14-Jul-20050.0877
 08-Apr-20050.2211
 27-Aug-20040.1500
 08-Apr-20040.1500
 16-Jan-20040.1000
 03-Oct-20030.1500
 25-Jul-20030.2000
 16-Apr-20030.2500
 27-Dec-20020.2500
Dividend Half Yearly27-Sep-20180.2161

 27-Mar-20170.2167
Dividend Fortnightly13-Jul-20180.0362

 29-Jun-20180.0420
 08-Jun-20180.0216
 25-May-20180.0059
 11-May-20180.0158
 13-Apr-20180.0246
 28-Mar-20180.0458
 09-Mar-20180.0271
 23-Feb-20180.0079

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: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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dateSaturday, 11-Jul-2020
time04:00 PM - 04:30 PM