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Sundaram Banking & PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

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 4.11 0.04 -0.04 1.78 2.68 4.22 9.72 7.89 7.88 8.16 --
CCIL T Bill Liquidity Weight 1.77 -0.01 0.01 0.24 1.17 1.99 4.13 4.19 4.39 4.73 --
Debt: Banking and PSU 4.80 0.07 -0.08 2.07 2.63 4.87 10.70 8.49 8.69 8.76 --
Rank within category 18 17 6 17 10 18 16 15 -- -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 03-Jun-2020

Best & Worst Performance

Best (Period) Worst (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 3.51 (09-May-2019 - 08-Aug-2019) -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 7.68 1.93 1.19 1.89 3.58 6.72
CCIL T Bill Liquidity Weight 4.15 0.27 -4.64 -8.65 -- --
Debt: Banking and PSU 8.30 2.24 1.43 3.01 2.96 6.58
Rank within category 16 5 14 16 13 8
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 32 69
Modified Duration (yrs) 1.16 1.80 1.16 --
Average Maturity (yrs) 1.22 1.96 1.22 --
Yield to Maturity (%) 6.18 7.70 6.18 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 5.62 - 8.95 7.37
equal 8.40% SIDBI 2021 Debenture AAA 6.51 - 9.17 6.51
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 6.61 5.88
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 5.51 - 10.62 5.51
equal 7.65% IRFC 15/03/2021 Debenture AAA 5.44 - 7.88 5.44
up 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 4.53 - 8.09 5.34
equal 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 3.91 - 5.89 3.91
up 7.24% REC 21/10/2021 Debenture AAA 2.97 - 5.35 3.82
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.99 - 4.27 3.57
equal 6.91% NHPC 15/09/2021 Debenture AAA 3.51 - 4.89 3.51
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 3.64 3.32
new 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 2.79 2.79
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.76 2.76
equal 8.64% Power Grid Corporation 2021 Bonds AAA 2.54 - 3.59 2.54
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 1.19 - 2.35 2.13
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.32 - 2.30 2.03
equal 8.84% Power Grid Corporation 21/10/2021 Bonds AAA 1.81 - 2.54 1.81
equal 8.50% NHPC 14/07/2021 Bonds/Debentures AAA 1.78 - 2.52 1.78
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 1.75 - 2.48 1.75
equal 7.14% REC 2021 Bonds AAA 1.73 - 2.42 1.73
up 6.57% LIC Housing Fin. 13/07/2021 Debenture AAA 0.00 - 1.72 1.72
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.90 1.71
new ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 1.67 1.67
equal 8.85% Power Grid Corporation 19/10/2021 Bonds AAA 1.44 - 2.04 1.44
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 3.37 1.43

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-2020

Fund Manager

— Dwijendra Srivastava since 01-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 01-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:


0.04%

Change from previous, NAV as on 03-Jun-2020

Growth: ₹ 32.7567

Dividend Weekly: ₹ 12.0260

More

Dividend Monthly: ₹ 11.4504

Dividend Daily: ₹ 10.3200

Bonus: ₹ 16.3922


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 (₹) 1,00,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 09-Jan-2013
Return Since Launch: 8.26%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,442 Cr (As on 30-Apr-2020)
Expense: 0.23% (As on 30-Apr-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Jun-20200.0022

 02-Jun-20200.0022
 01-Jun-20200.0066
 29-May-20200.0022
 28-May-20200.0022
 27-May-20200.0022
 26-May-20200.0088
 22-May-20200.0022
 21-May-20200.0022
 20-May-20200.0022
 19-May-20200.0022
 18-May-20200.0066
 15-May-20200.0022
 14-May-20200.0022
 13-May-20200.0022
 12-May-20200.0022
 11-May-20200.0066
 08-May-20200.0044
 06-May-20200.0022
 05-May-20200.0022
 04-May-20200.0088
 30-Apr-20200.0022
 29-Apr-20200.0022
 28-Apr-20200.0022
 27-Apr-20200.0066
Dividend Monthly29-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
 29-Mar-20190.0531
 22-Feb-20190.0513
 25-Jan-20190.0444
 28-Dec-20180.0434
 30-Nov-20180.1153
 26-Oct-20180.0529
 31-Aug-20180.0460
 27-Jul-20180.0712
 29-Jun-20180.0411
 28-Mar-20180.0987
 23-Feb-20180.0013
 25-Jan-20180.0322
Dividend Weekly29-May-20200.0039

 22-May-20200.0018
 15-May-20200.0014
 24-Apr-20200.0003
 17-Apr-20200.0191
 27-Mar-20200.0000
 07-Feb-20200.0044
 31-Jan-20200.0000
 17-Jan-20200.0009
 10-Jan-20200.0006
 17-Apr-20150.0082
 10-Apr-20150.0268
 26-Mar-20150.0074
 19-Mar-20150.0104
 12-Mar-20150.0093
 05-Mar-20150.0106
 26-Feb-20150.0115
 18-Feb-20150.0082
 12-Feb-20150.0101
 05-Feb-20150.0100
 29-Jan-20150.0100
 22-Jan-20150.0100
 15-Jan-20150.0100
 08-Jan-20150.0098
 01-Jan-20150.0124

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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