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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
₹ 1.22 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
Sundaram Ultra Short Duration Direct-G 1.34 0.01 0.09 0.12 0.80 1.76 3.59 4.98 4.85 5.77 --
CCIL T Bill Liquidity Weight 0.59 0.04 0.04 -0.01 0.29 0.85 1.92 2.78 3.34 3.74 --
Debt: Ultra Short Duration 1.24 0.01 0.09 0.03 0.69 1.66 3.81 5.24 5.71 6.41 --
Rank within category 5 20 11 2 3 6 14 16 13 13 --
Number of funds in category 27 27 27 27 27 27 27 21 14 14 0

As on 20-May-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 3.59 4.98 4.85 0.17% 1,311
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.86 5.88 6.64 0.33% 16,314
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.59 5.52 -- 0.34% 14,076
ICICI Prudential Ultra Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 4.13 6.22 6.93 0.39% 13,266
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.61 5.39 6.29 0.36% 12,596

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 5.03 0.55 2.76 8.30 1.20 2.31
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 5.29 1.06 2.23 6.68 1.07 2.48
Rank within category 16 2 8 6 10 14
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 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 51 24 41
Modified Duration (yrs) 0.27 0.32 0.24 0.35
Average Maturity (yrs) 0.30 0.35 0.25 0.38
Yield to Maturity (%) 4.42 4.42 3.45 4.50
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 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 5.72 5.72
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 5.65 5.65
up Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 5.64 5.64
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 3.81 3.81
equal Birla Group Holdings 91-D 18/05/2022 Commercial Paper A1+ 0.00 - 3.80 3.80
equal Kotak Mahindra Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 3.79 3.79
equal Reliance Retail Ventures 138-D 20/06/2022 Commercial Paper A1+ 0.00 - 3.79 3.79
equal Canara Bank 23/06/2022 Certificate of Deposit A1+ 0.00 - 3.79 3.79
equal Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 3.78 3.78
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 3.78 3.78
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 3.75 3.75
equal Export-Import Bank 184-D 30/09/2022 Certificate of Deposit A1+ 0.00 - 3.74 3.74
equal Godrej Agrovet 105-D 31/05/2022 Commercial Paper A1+ 0.00 - 3.04 3.04
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.02 1.93
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.01 1.92
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 1.99 1.91
equal 5.64% Citicorp Finance 20/01/2024 Debenture AAA 0.00 - 1.98 1.90
equal Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal JM Financial Services 181-D 02/06/2022 Commercial Paper A1+ 0.00 - 1.93 1.90
equal Axis Bank 16/06/2022 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal Astec Lifesciences 91-D 27/06/2022 Commercial Paper A1+ 0.00 - 1.89 1.89
new Birla Group Holdings 91-D 28/07/2022 Commercial Paper A1+ 0.00 - 1.89 1.89
equal Reliance Retail Ventures 182-D 07/09/2022 Commercial Paper A1+ 0.00 - 1.88 1.88
equal IIFL Wealth Management 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 1.87 1.87
equal IIFL Wealth Prime 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 1.87 1.87

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-Apr-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:


0.01%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 2,351.4829

IDCW Weekly: ₹ 1,019.4329

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IDCW Quarterly: ₹ 1,066.9034

IDCW Monthly: ₹ 1,060.7305

IDCW Fortnightly: ₹ 1,060.9412

IDCW Daily: ₹ 1,006.0087


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: 6.75%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,311 Cr (As on 30-Apr-2022)
Expense: 0.17% (As on 31-Mar-2022)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly17-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
 17-Jul-20204.7424
 17-Jun-20205.9566
 15-May-20205.2922
IDCW Daily02-May-20220.3955

 29-Apr-20220.0685
 28-Apr-20220.0430
 27-Apr-20220.1065
 26-Apr-20220.0750
 25-Apr-20220.3707
 22-Apr-20220.0833
 21-Apr-20220.1958
 20-Apr-20220.2008
 19-Apr-20220.2254
 18-Apr-20220.6167
 13-Apr-20220.0109
 12-Apr-20220.0496
 07-Apr-20220.1827
 06-Apr-20220.1397
 05-Apr-20220.1224
 04-Apr-20220.5865
 31-Mar-20220.2659
 30-Mar-20220.1296
 29-Mar-20220.1246
 28-Mar-20220.3561
 25-Mar-20220.1488
 24-Mar-20220.1670
 23-Mar-20220.0911
 22-Mar-20220.1137
IDCW Fortnightly29-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 Weekly29-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
IDCW Quarterly28-Mar-20227.5000

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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