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4 star

Sundaram Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.05 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
Fund 1.50 0.03 0.07 0.29 0.97 1.66 4.76 8.19 7.18 7.58 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Banking and PSU 1.77 0.03 0.25 0.68 2.39 2.07 6.83 9.10 8.32 8.51 --
Rank within category 18 13 22 22 22 18 18 16 -- -- --
Number of funds in category 21 22 22 22 22 20 18 17 14 13 0

As on 14-Jun-2021

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
4 star
Jan-13 4.76 8.19 7.18 0.23 908
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 7.06 10.08 8.37 0.30 18,547
Axis Banking & PSU Debt Fund - Direct Plan
4 star
Jan-13 6.53 9.38 8.43 0.31 17,077
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.52 9.45 8.76 0.35 15,320
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.31 9.67 8.74 0.36 9,714

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 -0.37 06-Apr-2018 - 06-Jul-2018
Year 11.75 31-Oct-2018 - 31-Oct-2019 2.91 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.93 1.57 2.32 5.75 2.25 5.37
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Banking and PSU 8.70 2.42 1.98 3.57 2.04 5.98
Rank within category 16 1 1 1 10 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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 48 25 88
Modified Duration (yrs) 0.21 1.02 0.21 2.16
Average Maturity (yrs) 0.22 1.08 0.22 2.80
Yield to Maturity (%) 3.52 4.44 3.47 4.85
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 8.40% SIDBI 2021 Debenture AAA 6.68 - 9.37 8.47
equal 7.24% REC 21/10/2021 Debenture AAA 3.28 - 6.13 6.13
equal 7.40% Power Finance Corporation 30/09/2021 Bonds AAA 5.08 - 7.16 5.57
equal 6.91% NHPC 15/09/2021 Debenture AAA 2.98 - 5.56 5.56
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 3.00 - 5.55 5.55
equal National Bank Agr. Rur. Devp 1790-D 31/08/2021 Commercial Paper A1+ 0.00 - 5.46 5.46
equal 7.47% Power Finance Corporation 16/09/2021 Bonds AAA 2.39 - 4.45 4.45
equal 8.64% Power Grid Corporation 2021 Bonds AAA 2.13 - 3.93 3.93
equal 7.15% HDFC 16/09/2021 Debenture AAA 3.62 - 8.67 3.89
equal 8.84% Power Grid Corporation 21/10/2021 Bonds AAA 1.52 - 2.81 2.81
equal 8.50% NHPC 14/07/2021 Bonds/Debentures AAA 1.50 - 2.77 2.77
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 2.71 2.71
down 8.50% SIDBI 21/06/2021 Debenture AAA 1.63 - 2.97 2.45
equal 8.85% Power Grid Corporation 19/10/2021 Bonds AAA 1.21 - 2.24 2.24
equal 7.81% LIC Housing Fin. 19/10/2021 Debenture AAA 1.20 - 2.23 2.23
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 1.19 - 2.23 2.23
down Bank of Baroda 2021 Certificate of Deposit A1+ 1.76 - 4.25 1.84
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.90 - 2.57 1.68
equal 8.30% LIC Housing Fin. 15/07/2021 Debenture AAA 0.90 - 1.66 1.66
equal 8.55% Power Finance Corporation 2021 Bonds AAA 0.61 - 1.13 1.13
equal 9.38% Export-Import Bank 29/09/2021 Bonds AAA 0.61 - 1.12 1.12
equal 8.15% REC 18/06/2021 Bonds/Debentures AAA 0.60 - 1.27 1.10
equal 9.75% REC 2021 Bonds AAA 0.31 - 0.56 0.56
equal 7.24% Indian Railway Finance Corporation 2021 Bonds AAA 0.30 - 0.56 0.56
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.14 - 5.55 0.16

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-May-2021

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:

— Siddharth Chaudhary since 09-Jan-2013

Education: Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).

Experience: Prior to joining Sundaram Mutual Fund he has worked with Indian Bank.

Funds Managed:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 34.4211

IDCW Monthly: ₹ 11.5361

More

IDCW Daily: ₹ 10.2300

Bonus: ₹ 17.2252


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 20
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 09-Jan-2013
Return Since Launch: 7.85%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 908 Cr (As on 31-May-2021)
Expense: 0.23% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0027

 11-Jun-20210.0009
 10-Jun-20210.0011
 09-Jun-20210.0016
 08-Jun-20210.0007
 07-Jun-20210.0032
 04-Jun-20210.0007
 03-Jun-20210.0008
 02-Jun-20210.0009
 01-Jun-20210.0007
 31-May-20210.0023
 28-May-20210.0010
 27-May-20210.0015
 25-May-20210.0012
 24-May-20210.0030
 21-May-20210.0008
 20-May-20210.0010
 19-May-20210.0008
 18-May-20210.0014
 17-May-20210.0028
 14-May-20210.0012
 12-May-20210.0010
 11-May-20210.0015
 10-May-20210.0011
 07-May-20210.0008
IDCW Monthly17-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
 31-Jan-20200.0608
 27-Dec-20190.0117
 29-Nov-20190.0778
 25-Oct-20190.0481
 27-Sep-20190.0177
 30-Aug-20190.0552
 26-Jul-20190.0437
 28-Jun-20190.0251
 31-May-20190.0553
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

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

Upcoming Video

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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM