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Sundaram Short Term Credit Risk Fund Direct


1 Lakh

Investment declined to
₹ 0.94 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.17 Lakh

Analyst's Choice?

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 0.31 0.02 0.10 0.52 1.62 -2.40 -5.62 3.21 -- -- --
Debt: Credit Risk -0.34 -0.51 -0.64 -0.02 0.77 1.53 0.42 4.19 -- -- --
Rank within category 16 13 14 14 13 18 18 -- -- -- --
Number of funds in category 20 20 20 20 20 20 20 17 13 7 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.15 (25-Oct-2016 - 24-Nov-2016) -6.64 (28-May-2019 - 27-Jun-2019)
Quarter 2.70 (25-Aug-2016 - 24-Nov-2016) -10.74 (27-May-2019 - 26-Aug-2019)
Year 9.42 (26-Feb-2016 - 27-Feb-2017) -5.62 (15-Jan-2019 - 15-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.37 5.31 -0.44 -0.19 -0.33 -2.88
Debt: Credit Risk 4.67 4.19 0.20 0.47 2.64 3.29
Rank within category 15 17 13 13 2 16
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 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 30 18 51
Modified Duration (yrs) 0.46 0.68 0.35 1.51
Average Maturity (yrs) 1.01 1.25 0.77 1.92
Yield to Maturity (%) 6.44 9.95 6.44 9.77

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Ujjivan Small Finance Bank 28/02/2020 Certificate of Deposit A1+ 0.00 - 8.68 8.40
new Punjab National Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 8.39 8.39
equal 11.75% Kogta Financial India 17/05/2022 Debenture AA 0.00 - 8.20 6.01
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 5.96 5.71
equal 8.28% Oriental Nagpur Betul Highway 30/09/2020 Debenture AAA 2.35 - 5.89 5.66
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 5.66 5.66
equal DCB Bank 27/01/2020 Certificate of Deposit A1+ 0.00 - 5.83 5.64
equal AU Small Finance Bank 30/01/2020 Certificate of Deposit A1+ 0.00 - 5.82 5.63
equal Astec Lifesciences 90-D 05/02/2020 Commercial Paper A1+ 0.00 - 5.82 5.63
new Tata Power Renewable Energy 87-D 27/02/2020 Commercial Paper A1+ 0.00 - 5.61 5.61
new Oriental Bank of Com. 2020 Certificate of Deposit A1+ 0.00 - 5.60 5.60
new Equitas Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 5.60 5.60
new Godrej Agrovet 91-D 31/03/2020 Commercial Paper A1+ 0.00 - 5.59 5.59
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 1.18 - 2.94 2.83
new Redington India 60-D 25/02/2020 Commercial Paper A1+ 0.00 - 2.81 2.81
equal Reliance Retail Ltd. 28/06/2020 Securitised Debt AAA 0.94 - 2.38 2.29
equal Reliance Retail Ltd. 28/12/2020 Securitised Debt AAA 0.66 - 1.68 1.62
equal Reliance Retail Ltd. 28/03/2020 Securitised Debt AAA 0.50 - 1.24 1.20
equal Reliance Retail Ltd. 28/03/2021 Securitised Debt AAA 0.00 - 0.91 0.87

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 31-Dec-2019

Fund Manager

— Sandeep Agarwal since 01-Jan-2013

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 17-Jan-2020

Growth: ₹ 26.3107

Dividend Weekly: ₹ 10.1382

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Dividend Monthly: ₹ 11.0184

Dividend: ₹ 11.3481


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: 01-Jan-2013
Return Since Launch: 5.38%
Benchmark: CRISIL Ultra ST Debt (50), CRISIL Composite AA ST Bond (35), CRISIL A Short Term Bond (15)
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 177 Cr (As on 31-Dec-2019)
Expense: 0.69% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly19-Jul-20190.0127

 12-Jul-20190.0132
 05-Jul-20190.0141
 28-Jun-20190.0067
 21-Jun-20190.0099
 14-Jun-20190.0080
 31-May-20190.0129
 24-May-20190.0158
 17-May-20190.0051
 10-May-20190.0131
 03-May-20190.0071
 26-Apr-20190.0067
 18-Apr-20190.0073
 12-Apr-20190.0063
 05-Apr-20190.0082
 29-Mar-20190.0197
 22-Mar-20190.0106
 15-Mar-20190.0204
 08-Mar-20190.0155
 01-Mar-20190.0086
 22-Feb-20190.0079
 15-Feb-20190.0107
 08-Feb-20190.0099
 25-Jan-20190.0104
 18-Jan-20190.0101
Dividend Monthly31-May-20190.0631

 26-Apr-20190.0370
 29-Mar-20190.0892
 22-Feb-20190.0524
 25-Jan-20190.0589
 28-Dec-20180.0509
 30-Nov-20180.0806
 26-Oct-20180.0546
 28-Sep-20180.0213
 31-Aug-20180.0630
 27-Jul-20180.0628
 29-Jun-20180.0749
 25-May-20180.0297
 27-Apr-20180.0230
 28-Mar-20180.0826
 23-Feb-20180.0351
 25-Jan-20180.0395
 29-Dec-20170.0484
 24-Nov-20170.0340
 27-Oct-20170.0492
 29-Sep-20170.0571
 24-Aug-20170.0485
 28-Jul-20170.0582
 30-Jun-20170.0623
 26-May-20170.0589
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

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: www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM