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3 star

Sundaram Banking & PSU Debt Fund - Regular Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

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 5.37 0.04 0.22 1.17 3.78 5.03 10.02 7.83 7.88 8.14 8.33
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Banking and PSU 7.06 0.19 0.69 2.16 5.84 6.76 11.31 8.58 8.66 8.65 8.78
Rank within category 18 19 19 18 18 18 16 14 -- -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 3

As on 10-Jul-2020

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 10.02 7.83 7.88 0.36 1,583
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
Mar-13 12.88 9.60 8.76 0.65 16,791
Axis Banking & PSU Debt Fund  | Invest Online
5 star
Jun-12 11.57 9.35 8.86 0.62 16,456
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 11.77 9.03 8.99 0.61 7,146
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
May-07 10.26 8.67 8.13 0.83 1,446

Best & Worst Performance

Best (Period) Worst (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 7.59 1.93 1.18 1.88 2.89 5.84
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.12 2.27 1.35 2.90 2.07 5.36
Rank within category 15 4 14 16 15 7
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 42 32 71
Modified Duration (yrs) 1.10 1.79 1.10 --
Average Maturity (yrs) 1.16 1.96 1.16 --
Yield to Maturity (%) 5.01 7.70 5.01 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.40% SIDBI 2021 Debenture AAA 6.51 - 9.12 6.67
up 7.65% IRFC 15/03/2021 Debenture AAA 5.44 - 7.88 6.55
down 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 5.62 - 8.95 5.67
up 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 5.48 - 10.59 5.48
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 6.61 5.43
up 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 3.91 - 5.87 5.19
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 4.53 - 8.09 4.93
equal 7.24% REC 21/10/2021 Debenture AAA 2.97 - 5.32 3.52
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 0.99 - 4.27 3.29
equal 6.91% NHPC 15/09/2021 Debenture AAA 3.25 - 4.88 3.25
up 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 3.19 3.19
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 3.64 3.07
up 7.20% Power Grid Corporation 21/12/2021 Bonds AAA 0.00 - 2.62 2.62
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.00 - 2.79 2.58
equal 8.64% Power Grid Corporation 2021 Bonds AAA 2.34 - 3.58 2.34
up 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 2.23 2.23
equal 8.00% Export-Import Bank 27/05/2021 Bonds AAA 1.19 - 2.35 1.96
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.32 - 2.30 1.87
equal 8.84% Power Grid Corporation 21/10/2021 Bonds AAA 1.67 - 2.54 1.67
equal 8.50% NHPC 14/07/2021 Bonds/Debentures AAA 1.64 - 2.51 1.64
equal 8.25% LIC Housing Fin. 17/09/2021 Non Convertible Debenture AAA 1.61 - 2.47 1.61
equal 7.14% REC 2021 Bonds AAA 1.60 - 2.41 1.60
equal 6.57% LIC Housing Fin. 13/07/2021 Debenture AAA 0.00 - 1.72 1.58
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 1.90 1.58
equal ICICI Bank 15/01/2021 Certificate of Deposit A1+ 0.00 - 1.67 1.54

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-2020

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:


0.04%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 32.9542

Dividend Weekly: ₹ 12.0328

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Dividend Monthly: ₹ 11.5808

Dividend Daily: ₹ 10.4673

Bonus: ₹ 16.6179


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 (₹) 1,00,000
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: 30-Dec-2004
Return Since Launch: 7.98%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,583 Cr (As on 31-May-2020)
Expense: 0.36% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0020

 09-Jul-20200.0020
 08-Jul-20200.0020
 07-Jul-20200.0020
 06-Jul-20200.0060
 03-Jul-20200.0020
 02-Jul-20200.0020
 01-Jul-20200.0020
 30-Jun-20200.0020
 29-Jun-20200.0060
 26-Jun-20200.0020
 25-Jun-20200.0020
 24-Jun-20200.0020
 23-Jun-20200.0020
 22-Jun-20200.0060
 19-Jun-20200.0020
 18-Jun-20200.0020
 17-Jun-20200.0020
 16-Jun-20200.0020
 15-Jun-20200.0060
 12-Jun-20200.0020
 11-Jun-20200.0020
 10-Jun-20200.0020
 09-Jun-20200.0020
 08-Jun-20200.0060
Dividend Weekly10-Jul-20200.0129

 03-Jul-20200.0179
 26-Jun-20200.0138
 12-Jun-20200.0124
 05-Jun-20200.0024
 29-May-20200.0053
 22-May-20200.0127
 15-May-20200.0131
 24-Apr-20200.0133
 17-Apr-20200.0064
 27-Mar-20200.0096
 07-Feb-20200.0096
 31-Jan-20200.0109
 17-Jan-20200.0035
 10-Jan-20200.0098
 29-Nov-20190.0133
 22-Nov-20190.0100
 07-Nov-20190.0053
 01-Nov-20190.0112
 25-Oct-20190.0098
 18-Oct-20190.0086
 11-Oct-20190.0097
 04-Oct-20190.0098
 27-Sep-20190.0038
 13-Sep-20190.0081
Dividend Monthly26-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
 28-Dec-20180.0426
 30-Nov-20180.1142
 26-Oct-20180.0520
 31-Aug-20180.0450
 27-Jul-20180.0703
 29-Jun-20180.0407
 28-Mar-20180.0977
 23-Feb-20180.0004

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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