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3 star

Sundaram Ultra Short Duration Fund - Direct Plan download report


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

"Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.

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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable 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
Sundaram Ultra Short Duration Direct-G 2.65 0.08 0.12 0.47 1.33 2.12 3.96 4.75 4.76 5.65 --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 --
Debt: Ultra Short Duration 2.56 0.09 0.12 0.46 1.33 2.02 4.06 5.07 5.62 6.30 --
Rank within category 8 22 19 10 13 5 13 16 12 12 --
Number of funds in category 26 26 26 26 26 26 26 21 13 13 0

As on 17-Aug-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 3.96 4.75 4.76 0.17 1,063
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 5.57 6.46 0.34 14,762
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.88 5.22 -- 0.34 13,459
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.33 5.89 6.75 0.39 13,058
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.98 5.10 6.17 0.36 11,487

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
Sundaram Ultra Short Duration Direct-G 4.68 0.45 2.62 6.67 0.98 2.06
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Ultra Short Duration 4.99 0.90 2.01 5.07 0.97 2.37
Rank within category 17 2 4 3 8 16
Number of funds in category 21 21 21 21 21 21

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 36 51 24 40
Modified Duration (yrs) 0.26 0.32 0.24 0.33
Average Maturity (yrs) 0.27 0.35 0.25 0.36
Yield to Maturity (%) 5.97 5.97 3.45 6.01
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
equal Punjab National Bank 2022 Certificate of Deposit A1+ 0.00 - 4.71 4.68
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 4.71 4.67
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 4.72 4.67
equal Reliance Jio Infocomm 180-D 26/09/2022 Commercial Paper A1+ 0.00 - 4.70 4.66
equal Export-Import Bank 184-D 30/09/2022 Certificate of Deposit A1+ 0.00 - 4.69 4.66
up Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 4.65 4.65
new Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 4.60 4.60
new Punjab & Sind Bank 16/01/2023 Certificate of Deposit A1+ 0.00 - 4.57 4.57
new HDFC Bank 13/04/2023 Certificate of Deposit A1+ 0.00 - 3.60 3.60
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.38 2.35
equal Reliance Retail Ventures 84-D 17/08/2022 Commercial Paper A1+ 0.00 - 2.36 2.35
equal Reliance Retail Ventures 182-D 07/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.34
equal IIFL Wealth Prime 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.34
equal IIFL Wealth Management 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.34
new Reserve Bank of India 91-D 15/09/2022 Treasury Bills SOV 0.00 - 2.34 2.34
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 2.36 2.34
equal Reliance Retail Ventures 91-D 19/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.33
equal Godrej Properties 88-D 19/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.33
equal JM Financial Products 188-D 15/09/2022 Commercial Paper A1+ 0.00 - 2.35 2.33
equal 5.64% Citicorp Finance 20/01/2024 Debenture AAA 0.00 - 2.35 2.33
new Astec Lifesciences 180-D 10/10/2022 Commercial Paper A1+ 0.00 - 2.32 2.32
equal HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 2.33 2.32
new Reserve Bank of India 182-D 01/12/2022 Treasury Bills SOV 0.00 - 2.31 2.31
new Larsen & Toubro 167-D 29/12/2022 Commercial Paper A1+ 0.00 - 2.29 2.29
equal Standard Chartered Capital 334-D 24/01/2023 Commercial Paper A1+ 0.00 - 2.29 2.28

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-Jul-2022

Fund Manager

— Dwijendra Srivastava since 16-May-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:


0.02%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 2,382.3742

IDCW Quarterly: ₹ 1,073.3441

More

IDCW Monthly: ₹ 1,060.5791

IDCW Fortnightly: ₹ 1,062.1702

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 (₹) 1,000
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: 6.71%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,063 Cr (As on 31-Jul-2022)
Expense Ratio: 0.17% (As on 31-Jul-2022)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.8310

 12-Aug-20220.1483
 11-Aug-20220.1961
 10-Aug-20220.3715
 08-Aug-20220.4248
 04-Aug-20220.1369
 03-Aug-20220.0886
 02-Aug-20220.3020
 01-Aug-20220.6407
 29-Jul-20220.1603
 28-Jul-20220.1871
 27-Jul-20220.0161
 26-Jul-20220.0180
 25-Jul-20220.4759
 22-Jul-20220.0806
 21-Jul-20220.0565
 20-Jul-20220.0403
 19-Jul-20220.1117
 18-Jul-20220.3674
 15-Jul-20220.1007
 14-Jul-20220.1410
 13-Jul-20220.1823
 12-Jul-20220.1440
 11-Jul-20220.3759
 08-Jul-20220.1200
IDCW Monthly17-Aug-20224.9318

 15-Jul-20224.8769
 17-Jun-20224.1991
 17-May-20221.9897
 13-Apr-20223.1614
 16-Mar-20223.0553
 17-Feb-20223.4292
 14-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
IDCW Fortnightly12-Aug-20222.6416

 29-Jul-20222.3074
 08-Jul-20222.8564
 24-Jun-20222.3224
 10-Jun-20222.5356
 27-May-20221.6060
 29-Apr-20222.1793
 08-Apr-20221.7447
 25-Mar-20222.2158
 11-Mar-20221.2021
 25-Feb-20222.0225
 11-Feb-20221.3641
 28-Jan-20220.8276
 14-Jan-20221.7207
IDCW Quarterly28-Jun-20227.5000

 28-Mar-20227.5000
IDCW Weekly20-May-20220.2425

 29-Apr-20220.6752
 22-Apr-20221.3311
 13-Apr-20220.4081
 08-Apr-20220.9727
 30-Mar-20220.6165
 25-Mar-20221.0342
 17-Mar-20220.9159
 11-Mar-20220.7085
 04-Mar-20220.5624
 25-Feb-20220.6509
 18-Feb-20220.9654
 11-Feb-20221.0440
 04-Feb-20220.4661
 28-Jan-20220.6601
 21-Jan-20220.5477
 14-Jan-20220.8374

Contact Information

AMC: Sundaram Asset Management Company Ltd

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

Phone: 1860-425-7237

Website: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies 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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