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Sundaram Banking & PSU Debt Fund - Regular Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 0.44 0.02 0.05 0.29 0.65 1.91 6.45 7.80 7.38 7.77 8.25
CCIL T Bill Liquidity Weight 0.33 0.01 0.04 0.21 0.45 1.08 2.71 3.72 3.95 4.38 4.68
Debt: Banking and PSU -0.62 0.02 0.10 0.03 -0.37 1.87 6.73 8.24 8.03 8.19 8.54
Rank within category 1 13 21 1 1 14 13 14 -- -- --
Number of funds in category 21 22 22 22 20 19 18 16 14 11 3

As on 08-Mar-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 - Regular Plan
3 star
 Dec-04 6.45 7.80 7.38 0.49 997
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
 Mar-13 7.97 9.37 8.20 0.63 17,774
Axis Banking & PSU Debt Fund
5 star
 Jun-12 7.38 8.75 8.33 0.62 16,838
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
 Dec-98 7.10 8.85 8.42 0.77 10,841
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
 May-15 7.65 8.78 8.37 0.79 7,712

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 7.65 1.82 1.68 2.80 2.57 5.40
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Debt: Banking and PSU 8.04 2.53 1.48 2.62 2.54 5.75
Rank within category 15 1 4 8 10 11
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 28-Feb-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 35 48 35 59
Modified Duration (yrs) 0.47 1.31 0.47 --
Average Maturity (yrs) 0.49 1.37 0.49 --
Yield to Maturity (%) 3.82 6.23 3.55 --
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 7.15% HDFC 16/09/2021 Debenture AAA 5.06 - 8.67 8.67
down 8.40% SIDBI 2021 Debenture AAA 6.51 - 9.37 7.81
equal 7.24% REC 21/10/2021 Debenture AAA 2.97 - 5.63 5.63
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 3.00 - 5.12 5.12
down 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 5.08 - 7.16 5.12
equal 6.91% NHPC 15/09/2021 Debenture AAA 2.98 - 5.11 5.11
new National Bank Agr. Rur. Devp 235-D 02/03/2021 Commercial Paper A1+ 0.00 - 5.00 5.00
equal Export-Import Bank 22/04/2021 Certificate of Deposit A1+ 0.00 - 4.98 4.98
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 4.09 4.09
equal 8.64% Power Grid Corporation 2021 Bonds AAA 2.13 - 3.63 3.63
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 1.79 - 3.05 3.05
equal 8.50% SIDBI 21/06/2021 Debenture AAA 1.63 - 2.78 2.78
equal 8.84% Power Grid Corporation 21/10/2021 Bonds AAA 1.52 - 2.59 2.59
equal 8.50% NHPC 14/07/2021 Bonds/Debentures AAA 1.50 - 2.56 2.56
equal 6.57% LIC Housing Fin. 13/07/2021 Debenture AAA 1.10 - 2.53 2.53
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 2.44 2.44
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 4.25 2.15
equal 8.85% Power Grid Corporation 19/10/2021 Bonds AAA 1.21 - 2.07 2.07
equal 7.81% LIC Housing Fin. 19/10/2021 Debenture AAA 1.20 - 2.05 2.05
equal 6.70% IRFC 24/11/2021 Bonds/NCDs AAA 1.19 - 2.05 2.05
equal 7.59% National Housing Bank 2021 Non Convertible Debenture AAA 0.00 - 1.71 1.71
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.90 - 2.62 1.55
equal 8.30% LIC Housing Fin. 15/07/2021 Debenture AAA 0.90 - 1.53 1.53
equal 9.18% Power Finance Corp. 15/04/2021 Bonds AAA 0.00 - 1.52 1.52
equal 7.70% REC 15/03/2021 Bonds/NCDs AAA 0.89 - 1.51 1.51

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-Jan-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:

0.02%

Change from previous, NAV as on 08-Mar-2021

Growth: ₹ 33.8106

Dividend Weekly: ₹ 12.0851

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Dividend Monthly: ₹ 11.5576

Dividend Daily: ₹ 10.3550

Bonus: ₹ 17.0498

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: 30-Dec-2004
Return Since Launch: 7.81%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 997 Cr (As on 31-Jan-2021)
Expense: 0.49% (As on 31-Jan-2021)
Risk Grade: Low
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Mar-20210.0021

 05-Mar-20210.0009
 04-Mar-20210.0001
 03-Mar-20210.0017
 02-Mar-20210.0004
 01-Mar-20210.0016
 26-Feb-20210.0010
 22-Feb-20210.0035
 18-Feb-20210.0033
 17-Feb-20210.0018
 16-Feb-20210.0032
 15-Feb-20210.0047
 12-Feb-20210.0021
 11-Feb-20210.0018
 10-Feb-20210.0001
 09-Feb-20210.0012
 08-Feb-20210.0023
 04-Feb-20210.0004
 02-Feb-20210.0013
 08-Jan-20210.0011
 07-Jan-20210.0007
 06-Jan-20210.0008
 05-Jan-20210.0043
 04-Jan-20210.0042
 01-Jan-20210.0007
Dividend Weekly05-Mar-20210.0044

 26-Feb-20210.0042
 18-Feb-20210.0103
 12-Feb-20210.0077
 05-Feb-20210.0032
 29-Jan-20210.0032
 22-Jan-20210.0009
 08-Jan-20210.0120
 01-Jan-20210.0116
 24-Dec-20200.0054
 18-Dec-20200.0033
 11-Dec-20200.0106
 04-Dec-20200.0008
 27-Nov-20200.0076
 20-Nov-20200.0111
 13-Nov-20200.0076
 06-Nov-20200.0122
 29-Oct-20200.0081
 23-Oct-20200.0094
 16-Oct-20200.0127
 09-Oct-20200.0160
 01-Oct-20200.0075
 25-Sep-20200.0095
 18-Sep-20200.0124
 04-Sep-20200.0123
Dividend Monthly26-Feb-20210.0309

 29-Jan-20210.0214
 24-Dec-20200.0224
 27-Nov-20200.0399
 29-Oct-20200.0686
 25-Sep-20200.0378
 28-Aug-20200.0246
 31-Jul-20200.0750
 26-Jun-20200.0568
 29-May-20200.0759
 24-Apr-20200.0486
 27-Mar-20200.0310
 28-Feb-20200.0473
 31-Jan-20200.0598
 27-Dec-20190.0109
 29-Nov-20190.0633
 25-Oct-20190.0454
 27-Sep-20190.0169
 30-Aug-20190.0542
 26-Jul-20190.0429
 28-Jun-20190.0243
 31-May-20190.0542
 29-Mar-20190.0521
 22-Feb-20190.0505
 25-Jan-20190.0436

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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