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4 star

Sundaram Banking & PSU Debt Fund - Regular Plan

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Debt: Banking and PSU

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1 Lakh

Investment Grown to
₹ 1.03 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 2.75 0.07 0.09 0.37 0.66 1.50 3.07 7.22 6.61 7.10 7.76
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 3.25 3.53 4.01 4.49
Debt: Banking and PSU 3.23 0.03 0.08 0.37 0.91 2.00 3.52 8.07 7.00 7.75 8.27
Rank within category 18 3 7 9 15 21 17 16 -- -- --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 3

As on 26-Nov-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
4 star
 Dec-04 3.07 7.22 6.61 0.40% 1,105
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
 Mar-13 3.37 8.95 7.67 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Apr-08 3.67 8.47 6.97 0.70% 18,115
Axis Banking & PSU Debt Fund
4 star
 Jun-12 3.32 8.19 7.58 0.62% 16,526
HDFC Banking and PSU Debt Fund - Regular Plan  | Invest Online
4 star
 Mar-14 3.93 8.51 7.11 0.82% 9,470

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 7.22 1.59 2.11 7.32 2.52 4.90
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Banking and PSU 8.00 2.46 1.82 3.58 2.38 5.59
Rank within category 16 1 4 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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 46 24 80
Modified Duration (yrs) 2.10 2.10 0.15 --
Average Maturity (yrs) 2.43 2.43 0.15 --
Yield to Maturity (%) 4.98 4.98 3.42 --
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 5.95% Housing & Urban Development Corporation 2023 Debenture AAA 0.00 - 8.68 6.91
up 5.23% National Bank Agr. Rur. Devp 31/01/2025 Non Convertible Debenture AAA 0.00 - 6.75 6.75
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 6.75 6.75
equal 8.11% REC 2025 Bonds AAA 0.00 - 6.11 4.85
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 5.71 4.55
equal 5.85% Export-Import Bank 2025 Debenture AAA 0.00 - 5.72 4.55
equal 5.65% Bajaj Finance 2024 Debenture AAA 0.00 - 5.69 4.52
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 5.68 4.51
up 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.50 4.50
new 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 4.50 4.50
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 3.47 2.76
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 3.01 2.39
equal 7.52% REC 2026 Bonds AAA 0.00 - 3.00 2.39
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.91 2.32
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 2.90 2.31
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 2.90 2.31
equal 5.70% Bajaj Finance 2023 Debenture AAA 0.00 - 2.87 2.28
new 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.00 - 2.25 2.25
equal Export-Import Bank 184-D 31/12/2021 Certificate of Deposit A1+ 0.00 - 2.81 2.25
new 5.15% GOI 2025 GOI Securities SOV 0.00 - 2.24 2.24
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 2.73 2.19
equal 6.35% Power Finance Corporation 30/06/2025 Non Convertible Debenture AAA 0.00 - 1.73 1.38
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 1.42 1.13
equal 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.91 - 1.68 0.91
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.13 - 4.70 0.13

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-Oct-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:

0.07%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 34.5902

IDCW Weekly: ₹ 12.1059

More

IDCW Monthly: ₹ 11.5728

IDCW Daily: ₹ 10.3550

Bonus: ₹ 17.4429

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: 7.61%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,105 Cr (As on 31-Oct-2021)
Expense: 0.40% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.0060

 22-Nov-20210.0034
 18-Nov-20210.0027
 17-Nov-20210.0027
 15-Nov-20210.0004
 12-Nov-20210.0005
 10-Nov-20210.0007
 09-Nov-20210.0042
 08-Nov-20210.0149
 23-Sep-20210.0014
 22-Sep-20210.0015
 21-Sep-20210.0008
 20-Sep-20210.0031
 17-Sep-20210.0012
 16-Sep-20210.0007
 15-Sep-20210.0021
 14-Sep-20210.0005
 13-Sep-20210.0040
 07-Sep-20210.0008
 06-Sep-20210.0033
 03-Sep-20210.0015
 02-Sep-20210.0031
 01-Sep-20210.0049
 31-Aug-20210.0012
 30-Aug-20210.0012
IDCW Weekly18-Nov-20210.0069

 12-Nov-20210.0263
 03-Nov-20210.0017
 29-Oct-20210.0005
 24-Sep-20210.0033
 17-Sep-20210.0120
 09-Sep-20210.0027
 03-Sep-20210.0138
 27-Aug-20210.0076
 20-Aug-20210.0079
 13-Aug-20210.0091
 06-Aug-20210.0066
 30-Jul-20210.0071
 23-Jul-20210.0077
 16-Jul-20210.0081
 09-Jul-20210.0072
 02-Jul-20210.0087
 25-Jun-20210.0084
 18-Jun-20210.0056
 11-Jun-20210.0085
 04-Jun-20210.0061
 28-May-20210.0076
 21-May-20210.0078
 14-May-20210.0053
 07-May-20210.0078
IDCW Monthly17-Nov-20210.0318

 14-Oct-20210.0022
 17-Sep-20210.0377
 17-Aug-20210.0336
 16-Jul-20210.0326
 17-Jun-20210.0295
 17-May-20210.0347
 16-Apr-20210.0153
 26-Mar-20210.0315
 26-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

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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