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Sundaram Banking & PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and 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 Banking & PSU Debt Direct-G 1.48 0.18 0.25 0.78 1.67 0.86 2.48 5.20 5.90 6.52 --
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: Banking and PSU 1.87 0.20 0.29 0.80 1.70 1.37 3.29 6.45 6.89 7.56 --
Rank within category 14 11 12 12 7 16 17 17 15 -- --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 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 Banking & PSU Debt Fund - Direct Plan
2 star
Jan-13 2.48 5.20 5.90 0.22 796
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Mar-13 2.94 6.74 7.41 0.32 16,162
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 3.48 6.42 7.34 0.33 14,171
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.14 6.68 6.73 0.35 8,487
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.74 6.77 7.25 0.36 6,959

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.07 24-Mar-2020 - 31-Mar-2020 -1.33 12-Mar-2020 - 19-Mar-2020
Month 2.70 24-Mar-2020 - 23-Apr-2020 -1.47 20-Feb-2020 - 23-Mar-2020
Quarter 5.13 24-Mar-2020 - 24-Jun-2020 -1.08 17-Mar-2022 - 16-Jun-2022
Year 11.75 31-Oct-2018 - 31-Oct-2019 1.32 15-Jun-2021 - 15-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Sundaram Banking & PSU Debt Direct-G 5.11 1.47 1.10 1.86 2.58 3.92
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 6.23 2.25 1.29 2.57 2.14 4.65
Rank within category 17 1 13 14 11 14
Number of funds in category 17 17 17 17 17 17

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 26 31 20 64
Modified Duration (yrs) 1.73 2.26 0.81 1.69
Average Maturity (yrs) 2.03 2.60 0.92 2.31
Yield to Maturity (%) 6.70 6.70 3.76 6.61
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
up 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 8.05 8.05
equal 8.11% REC 2025 Bonds AAA 4.75 - 7.88 6.44
equal 5.95% Housing & Urban Development Corporation 2023 Debenture AAA 2.57 - 8.68 6.24
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 7.31 5.98
up 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 5.67 5.67
equal HDFC Bank 2022 Certificate of Deposit A1+ 0.00 - 4.98 4.98
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 4.63 3.80
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 3.76 - 5.71 3.76
equal 9.58% Export-Import Bank 16/12/2023 Bonds AAA 0.00 - 3.98 3.26
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 4.50 3.18
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 3.18 3.15
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.77 3.14
equal Axis Bank 25/08/2022 Certificate of Deposit A1+ 0.00 - 3.14 3.13
equal Export-Import Bank 14/09/2022 Certificate of Deposit A1+ 0.00 - 3.13 3.12
equal Axis Bank 19/09/2022 Certificate of Deposit A1+ 0.00 - 3.12 3.12
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 2.26 - 3.77 3.08
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.00 - 3.69 3.07
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 7.42 3.04
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.56 3.02
equal 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 8.06 3.01
equal HDFC Bank 15/05/2023 Certificate of Deposit A1+ 0.00 - 2.99 2.99
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 2.40 - 7.38 2.41
equal 7.52% REC 2026 Bonds AAA 1.58 - 3.87 1.90
equal 6.35% Power Finance Corporation 30/06/2025 Non Convertible Debenture AAA 0.00 - 2.25 1.85
equal 5.65% Bajaj Finance 2024 Debenture AAA 0.00 - 5.69 1.84

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 09-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:

— Sandeep Agarwal since 16-May-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:


0.00%

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

Growth: ₹ 35.4910

IDCW Weekly: ₹ 12.1621

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IDCW Monthly: ₹ 11.5058

IDCW Daily: ₹ 10.2296

Bonus: ₹ 17.7566


Investment Strategy

The scheme seeks to generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

Investment Details

Min. Investment (₹) 1,00,000
Min. Addl Investment (₹) 1,00,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 09-Jan-2013
Return Since Launch: 7.20%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 796 Cr (As on 31-Jul-2022)
Expense Ratio: 0.22% (As on 31-Jul-2022)
Risk Grade: Low
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.0181

 12-Aug-20220.0014
 11-Aug-20220.0059
 10-Aug-20220.0005
 04-Aug-20220.0038
 02-Aug-20220.0075
 05-Apr-20220.0021
 04-Apr-20220.0047
 31-Mar-20220.0072
 30-Mar-20220.0017
 25-Mar-20220.0005
 24-Mar-20220.0042
 23-Mar-20220.0006
 21-Mar-20220.0076
 17-Mar-20220.0075
 16-Mar-20220.0038
 15-Mar-20220.0001
 23-Feb-20220.0007
 18-Feb-20220.0092
 17-Feb-20220.0039
 14-Feb-20220.0087
 11-Feb-20220.0088
 10-Feb-20220.0256
 31-Jan-20220.0007
 25-Jan-20220.0056
IDCW Monthly17-Mar-20220.0239

 17-Feb-20220.0622
 17-Dec-20210.0444
 17-Nov-20210.0335
 14-Oct-20210.0035
 17-Sep-20210.0392
 17-Aug-20210.0350
 16-Jul-20210.0340
 17-Jun-20210.0309
 17-May-20210.0351
 16-Apr-20210.0160
 26-Mar-20210.0333
 26-Feb-20210.0329
 29-Jan-20210.0241
 24-Dec-20200.0233
 27-Nov-20200.0409
 29-Oct-20200.0613
 25-Sep-20200.0387
 28-Aug-20200.0256
 31-Jul-20200.0760
 26-Jun-20200.0776
 29-May-20200.0987
 24-Apr-20200.0579
 27-Mar-20200.0318
 28-Feb-20200.0489
IDCW Weekly14-May-20210.0058

 07-May-20210.0071
 30-Apr-20210.0112
 23-Apr-20210.0097
 16-Apr-20210.0101
 09-Apr-20210.0070
 26-Mar-20210.0124
 19-Mar-20210.0079
 12-Mar-20210.0063
 05-Mar-20210.0049
 26-Feb-20210.0049
 18-Feb-20210.0109
 12-Feb-20210.0082
 05-Feb-20210.0036
 29-Jan-20210.0038
 22-Jan-20210.0015
 08-Jan-20210.0126
 01-Jan-20210.0122
 24-Dec-20200.0057
 18-Dec-20200.0036
 11-Dec-20200.0110
 04-Dec-20200.0010
 27-Nov-20200.0080
 20-Nov-20200.0115
 13-Nov-20200.0079

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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