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Unrated

Sundaram Banking & PSU Debt Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.03 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 2.36 0.01 0.00 -0.03 0.59 1.42 3.11 7.47 6.66 6.75 7.20
CCIL T Bill Liquidity Weight 1.64 0.03 0.00 0.11 0.53 1.08 2.06 3.34 3.61 4.04 4.52
Debt: Banking and PSU 2.85 0.03 0.02 -0.04 1.09 2.45 4.08 8.31 7.33 7.85 8.32

As on 22-Oct-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 - Retail Plan
Unrated
Dec-04 3.11 7.47 6.66 0.42% 883
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 4.05 9.38 7.78 0.63% 19,205
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.92 8.61 7.81 0.62% 16,745
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 4.46 8.71 7.49 0.67% 15,823
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 4.83 9.09 7.79 0.76% 9,332

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.06 24-Mar-2020 - 31-Mar-2020 -1.33 12-Mar-2020 - 19-Mar-2020
Month 2.69 24-Mar-2020 - 23-Apr-2020 -1.48 20-Feb-2020 - 23-Mar-2020
Quarter 5.09 24-Mar-2020 - 24-Jun-2020 -0.41 06-Apr-2018 - 06-Jul-2018
Year 11.60 31-Oct-2018 - 31-Oct-2019 2.80 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.47 1.56 2.26 7.39 2.44 5.01
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Banking and PSU 8.21 2.43 1.91 3.58 2.22 5.62

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 46 24 82
Modified Duration (yrs) 1.99 1.99 0.15 2.43
Average Maturity (yrs) 2.29 2.29 0.15 3.22
Yield to Maturity (%) 4.81 4.81 3.42 5.01
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 5.95% Housing & Urban Development Corporation 2023 Debenture AAA 0.00 - 8.68 8.68
equal 8.11% REC 2025 Bonds AAA 0.00 - 6.11 6.11
new 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 5.72 5.72
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 5.71 5.71
new 5.65% Bajaj Finance 2024 Debenture AAA 0.00 - 5.69 5.69
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 5.68 5.68
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 5.66 5.66
new 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 5.65 5.65
new 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 3.47 3.47
new 7.99% HDFC 2024 Debenture AAA 0.00 - 3.01 3.01
up 7.52% REC 2026 Bonds AAA 0.00 - 3.00 3.00
new 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.91 2.91
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.90 2.90
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 2.90 2.90
equal 5.70% Bajaj Finance 2023 Debenture AAA 0.00 - 2.87 2.87
equal 8.84% Power Grid Corporation 21/10/2021 Bonds AAA 1.55 - 2.87 2.84
down Indian Railway Finance Corporation 79-D 22/10/2021 Commercial Paper A1+ 0.00 - 4.99 2.83
new Indian Oil Corporation 42-D 25/10/2021 Commercial Paper A1+ 0.00 - 2.83 2.83
new 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 2.83 2.83
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 2.82 2.82
equal Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 2.81 2.81
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 2.73 2.73
new 6.35% Power Finance Corporation 30/06/2025 Non Convertible Debenture AAA 0.00 - 1.73 1.73
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 1.42 1.42
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.93 - 1.68 1.14

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-Sep-2021

Fund Manager

— Dwijendra Srivastava since 20-Jul-2010

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-Jun-2012

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:


0.01%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 31.0613

IDCW Monthly: ₹ 11.4647


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 (₹) 1,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) 250
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 30-Dec-2004
Return Since Launch: 6.97%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 883 Cr (As on 30-Sep-2021)
Expense: 0.42% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly14-Oct-20210.0021

 17-Sep-20210.0374
 17-Aug-20210.0332
 16-Jul-20210.0323
 17-Jun-20210.0292
 17-May-20210.0344
 16-Apr-20210.0152
 26-Mar-20210.0312
 26-Feb-20210.0307
 29-Jan-20210.0212
 24-Dec-20200.0221
 27-Nov-20200.0396
 29-Oct-20200.0681
 25-Sep-20200.0375
 28-Aug-20200.0244
 31-Jul-20200.0744
 26-Jun-20200.0563
 29-May-20200.0753
 24-Apr-20200.0479
 27-Mar-20200.0308
 28-Feb-20200.0469
 31-Jan-20200.0594
 27-Dec-20190.0107
 29-Nov-20190.0628
 25-Oct-20190.0418

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

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