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3 star

Sundaram Ultra Short Duration Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run."

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 0.26 0.01 0.06 0.34 0.91 1.76 3.64 5.14 4.91 5.90 --
CCIL T Bill Liquidity Weight 0.12 0.00 0.02 0.17 0.52 1.02 2.09 3.06 3.49 3.89 --
Debt: Ultra Short Duration 0.27 0.01 0.06 0.36 0.93 1.99 4.14 5.70 5.94 6.67 --
Rank within category 13 9 10 16 20 21 19 18 13 13 --
Number of funds in category 27 27 27 27 27 27 26 21 14 14 0

As on 25-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Ultra Short Duration Fund - Direct Plan
3 star
Jan-13 3.64 5.14 4.91 0.21% 1,264
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.32 6.47 6.87 0.34% 14,743
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.01 6.11 -- 0.34% 13,642
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.70 6.80 7.20 0.39% 11,500
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.86 5.94 6.55 0.36% 11,223

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.60 24-Mar-2020 - 31-Mar-2020 -3.46 18-Sep-2018 - 25-Sep-2018
Month 1.01 08-Aug-2013 - 09-Sep-2013 -5.10 27-Aug-2018 - 26-Sep-2018
Quarter 2.87 24-Jul-2013 - 23-Oct-2013 -3.87 02-Aug-2018 - 01-Nov-2018
Year 10.34 24-Jul-2013 - 24-Jul-2014 1.35 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.13 0.57 2.47 6.80 1.15 2.10
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Ultra Short Duration 5.67 1.13 2.32 6.00 1.11 2.61
Rank within category 17 2 12 12 9 14
Number of funds in category 20 20 20 20 20 20

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 46 24 36
Modified Duration (yrs) 0.29 0.36 0.22 0.30
Average Maturity (yrs) 0.31 0.38 0.23 0.34
Yield to Maturity (%) 3.82 3.82 3.27 4.04
Avg Credit Rating AAA -- -- --

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 182-D 12/05/2022 Treasury Bills SOV 0.00 - 11.71 11.71
new Reserve Bank of India 91-D 24/02/2022 Treasury Bills SOV 0.00 - 8.27 8.27
new 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.96 3.96
new Julius Baer Capital 120-D 12/01/2022 Commercial Paper A1+ 0.00 - 3.95 3.95
new Reliance Jio Infocomm 86-D 04/02/2022 Commercial Paper A1+ 0.00 - 3.94 3.94
new Tata Power Renewable Energy 90-D 21/02/2022 Commercial Paper A1+ 0.00 - 3.93 3.93
new Reserve Bank of India 91-D 10/03/2022 Treasury Bills SOV 0.00 - 3.93 3.93
new SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 3.92 3.92
new IIFL Wealth Prime 161-D 25/02/2022 Commercial Paper A1+ 0.00 - 3.14 3.14
new JM Financial Services 91-D 28/02/2022 Commercial Paper A1+ 0.00 - 3.14 3.14
new 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 2.79 2.79
new Aditya Birla Money 90-D 27/01/2022 Commercial Paper A1+ 0.00 - 2.37 2.37
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.02 2.02
new 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.01 2.01
new 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 1.99 1.99
new 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 1.99 1.99
new 5.64% Citicorp Finance 20/01/2024 Debenture AAA 0.00 - 1.98 1.98
new Astec Lifesciences 91-D 17/01/2022 Commercial Paper A1+ 0.00 - 1.97 1.97
new Can Fin Homes 334-D 18/01/2022 Commercial Paper A1+ 0.00 - 1.97 1.97
new Reliance Industries 91-D 24/02/2022 Commercial Paper A1+ 0.00 - 1.97 1.97
new Berger Paints India 90-D 24/02/2022 Commercial Paper A1+ 0.00 - 1.97 1.97
new Axis Bank 27/04/2022 Certificate of Deposit A1+ 0.00 - 1.95 1.95
new Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 1.95 1.95
new JM Financial Services 181-D 02/06/2022 Commercial Paper A1+ 0.00 - 1.93 1.93
new 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 0.00 - 0.81 0.81

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-Dec-2021

*As on 30-Nov-2021

Fund Manager

— Dwijendra Srivastava since 01-Jan-2022

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-Jan-2022

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:


0.01%

Change from previous, NAV as on 25-Jan-2022

Growth: ₹ 2,326.5942

IDCW Weekly: ₹ 1,019.6147

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IDCW Quarterly: ₹ 1,063.0812

IDCW Monthly: ₹ 1,061.0917

IDCW Fortnightly: ₹ 1,061.1681

IDCW Daily: ₹ 1,006.1763


Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 2,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.75%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,264 Cr (As on 31-Dec-2021)
Expense: 0.21% (As on 31-Dec-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Jan-20220.3239

 21-Jan-20220.1482
 20-Jan-20220.0512
 19-Jan-20220.0512
 18-Jan-20220.0609
 17-Jan-20220.2949
 14-Jan-20220.1076
 13-Jan-20220.1894
 12-Jan-20220.1208
 11-Jan-20220.1137
 10-Jan-20220.2833
 07-Jan-20220.2833
IDCW Weekly21-Jan-20220.5477

 14-Jan-20220.8374
IDCW Monthly14-Jan-20221.9887

 17-Dec-20212.8037
 17-Nov-20213.3590
 14-Oct-20212.1971
 17-Sep-20213.1826
 17-Aug-20213.4812
 16-Jul-20213.3263
 17-Jun-20213.0411
 17-May-20213.4541
 16-Apr-20213.8140
 17-Mar-20212.5185
 17-Feb-20213.1559
 15-Jan-20212.3828
 17-Dec-20202.6700
 17-Nov-20203.3890
 16-Oct-20204.0320
 17-Sep-20202.7495
 17-Aug-20202.9498
 17-Jul-20204.7424
 17-Jun-20205.9566
 15-May-20205.2922
 17-Apr-20205.9430
 17-Mar-20201.9272
 17-Feb-20204.4700
 17-Jan-20203.5737
IDCW Fortnightly14-Jan-20221.7207

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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