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2 star

Sundaram Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 4.40 0.08 0.25 1.13 2.67 4.24 3.76 4.36 5.90 6.98 --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 4.33 4.69 --
Debt: Low Duration 3.41 0.05 1.39 2.30 2.76 3.24 6.65 5.47 6.51 7.18 --
Rank within category 18 3 17 18 17 18 23 19 18 16 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 0

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Low Duration Fund - Direct Plan
2 star
Jan-13 3.76 4.36 5.90 0.33 404
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 9.32 8.18 8.39 0.41 18,250
SBI Magnum Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 9.03 8.03 8.04 0.39 8,727
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.76 8.57 8.66 0.41 8,048
Axis Treasury Advantage Fund - Direct Plan  | Invest Online
5 star
Jan-13 9.20 8.39 8.37 0.28 4,777

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.31 (24-Mar-2020 - 31-Mar-2020) -5.44 (03-Jun-2019 - 10-Jun-2019)
Month 1.82 (24-Mar-2020 - 23-Apr-2020) -5.01 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.42 (24-Mar-2020 - 24-Jun-2020) -7.49 (31-May-2019 - 30-Aug-2019)
Year 10.87 (26-Jul-2013 - 28-Jul-2014) -3.49 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.33 4.06 -0.24 -0.11 -0.61 -1.72
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 5.03 3.72 1.27 2.47 0.20 -0.03
Rank within category 18 18 19 21 3 21
Number of funds in category 25 25 25 25 25 25

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 27 52 27 44
Modified Duration (yrs) 0.96 1.16 0.74 --
Average Maturity (yrs) 1.20 1.45 0.84 --
Yield to Maturity (%) 4.89 7.20 4.86 --

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 - 24.55 24.55
equal Bank of India 15/06/2020 Certificate of Deposit A1+ 0.00 - 8.77 8.64
equal Tata Power Renewable Energy 91-D 12/06/2020 Commercial Paper A1+ 0.00 - 6.25 6.17
equal Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 6.25 6.17
equal Reliance Industries 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 4.99 4.93
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 1.83 - 4.91 4.90
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 3.82 3.82
equal REC 13/12/2022 Debenture AAA 0.00 - 3.77 3.75
new Blue Star 82-D 30/06/2020 Commercial Paper A1+ 0.00 - 3.69 3.69
down 8.62% HDFC 15/10/2020 Debenture AAA 1.61 - 4.57 3.26
equal 8.10% Power Finance Corp. 2024 Non Convertible Debenture AAA 0.93 - 2.58 2.57
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.55 2.55
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 5.44 2.51
equal 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 2.51 2.50
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 2.48 2.45
equal Blue Star 141-D 28/08/2020 Commercial Paper A1+ 0.00 - 2.46 2.44
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.47 - 1.32 1.32
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.47 - 1.29 1.29
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 1.28 1.28
equal 8.80% REC 29/11/2020 Bonds AAA 0.00 - 1.28 1.26
new 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.25 1.25
equal 8.28% Oriental Nagpur Betul Highway 30/09/2020 Debenture AAA 0.00 - 1.25 1.23
equal Kotak Mahindra Bank 22/09/2020 Certificate of Deposit A1+ 0.00 - 1.24 1.22
equal 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 0.00 - 1.02 1.00
equal Reliance Retail Ltd. 28/09/2020 Securitised Debt AAA 0.00 - 1.02 1.00

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

— Dwijendra Srivastava since 01-Jan-2013

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:

— Siddharth Chaudhary since 01-Jan-2013

Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).

Experience: Prior to joining Sundaram Mutual Fund he has worked with Indian Bank.

Funds Managed:


0.08%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 26.3182

Dividend Weekly: ₹ 11.4969

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Dividend Quarterly: ₹ 11.8020

Dividend Monthly: ₹ 10.7820

Dividend Fortnightly: ₹ 11.0064

Dividend Daily: ₹ 9.9141


Investment Strategy

The scheme objective is to provide a level of income consistent with liquidity through investments made primarily in money-market and debt securities.

Investment Details

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

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 7.16%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 404 Cr (As on 31-May-2020)
Expense: 0.33% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly03-Jul-20200.0102

 26-Jun-20200.0096
 19-Jun-20200.0121
 12-Jun-20200.0101
 05-Jun-20200.0037
 29-May-20200.0012
 22-May-20200.0113
 15-May-20200.0115
 08-May-20200.0135
 24-Apr-20200.0115
 17-Apr-20200.0158
 03-Apr-20200.0089
 27-Mar-20200.0546
 06-Mar-20200.0128
 28-Feb-20200.0019
 20-Feb-20200.0037
 14-Feb-20200.0105
 07-Feb-20200.0091
 31-Jan-20200.0073
 24-Jan-20200.0133
 17-Jan-20200.0191
 10-Jan-20200.0076
 03-Jan-20200.0085
 27-Dec-20190.0068
 20-Dec-20190.0121
Dividend Fortnightly26-Jun-20200.0224

 12-Jun-20200.0206
 29-May-20200.0544
 08-May-20200.0174
 24-Apr-20200.0282
 27-Mar-20200.0116
 28-Feb-20200.0065
 14-Feb-20200.0221
 31-Jan-20200.0413
 10-Jan-20200.0174
 27-Dec-20190.0197
 29-Nov-20190.0319
 07-Nov-20190.0215
 25-Oct-20190.0224
 11-Oct-20190.0226
 27-Sep-20190.0031
 13-Sep-20190.0208
 12-Jul-20190.0375
 28-Jun-20190.0164
 31-May-20190.0481
 10-May-20190.0219
 26-Apr-20190.0118
 12-Apr-20190.0151
 29-Mar-20190.0508
 08-Mar-20190.0258
Dividend Monthly26-Jun-20200.0448

 29-May-20200.0693
 24-Apr-20200.0435
 27-Mar-20200.0176
 28-Feb-20200.0426
 31-Jan-20200.0591
 31-May-20190.0671
 26-Apr-20190.0276
 29-Mar-20190.0773
 22-Feb-20190.0381
 25-Jan-20190.0545
 28-Dec-20180.0617
 30-Nov-20180.0685
 26-Oct-20180.0468
 28-Sep-20180.0247
 31-Aug-20180.0546
 27-Jul-20180.0475
 29-Jun-20180.0673
 25-May-20180.0251
 27-Apr-20180.0300
 28-Mar-20180.0653
 23-Feb-20180.0393
 25-Jan-20180.0359
 29-Dec-20170.0393
 24-Nov-20170.0367
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
 22-Apr-20160.1083
 22-Jan-20160.0903
 16-Sep-20141.0148
 30-May-20131.2459
Dividend Daily03-Jun-20190.0068

 31-May-20190.0051
 30-May-20190.0004
 29-May-20190.0018
 28-May-20190.0020
 27-May-20190.0079
 24-May-20190.0027
 23-May-20190.0046
 22-May-20190.0017
 21-May-20190.0017
 20-May-20190.0064
 17-May-20190.0040
 16-May-20190.0003
 14-May-20190.0019
 13-May-20190.0024
 10-May-20190.0020
 09-May-20190.0017
 08-May-20190.0020
 07-May-20190.0028
 06-May-20190.0046
 02-May-20190.0017
 30-Apr-20190.0054
 26-Apr-20190.0012
 24-Apr-20190.0004
 22-Apr-20190.0046

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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