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Sundaram Corporate Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.83 0.21 1.93 11.77 6.97 8.20 7.45
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Corporate Bond 5.06 0.23 1.52 5.77 5.04 6.51 6.85
Rank within category 2 12 2 2 6 5 4
Number of funds in category 19 21 21 19 15 14 7

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 6.06 (19-Aug-2013 - 18-Sep-2013) -6.45 (17-Jun-2013 - 17-Jul-2013)
Quarter 6.89 (12-Sep-2014 - 12-Dec-2014) -11.02 (20-May-2013 - 19-Aug-2013)
Year 17.27 (04-Mar-2014 - 04-Mar-2015) -4.61 (17-Aug-2012 - 19-Aug-2013)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.61 2.87 0.29 0.44 1.05 0.97
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.01 4.11 0.33 0.65 0.48 -0.70
Rank within category 7 10 8 8 13 6
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 42 21 63
Modified Duration (yrs) 2.95 3.44 2.95 2.34
Average Maturity (yrs) 3.37 4.13 3.37 3.01
Yield to Maturity (%) 6.87 8.48 6.87 7.06

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 6.77 - 9.36 8.26
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 7.56 6.85
equal 9.05% HDFC 20/11/2023 Debenture AAA 0.00 - 6.79 5.36
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 4.98 4.54
new 7.50% HDB Financial Services 19/11/2022 Debenture AAA 0.00 - 4.49 4.49
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 4.37 3.96
up 9.19% LIC Housing Fin. 2023 Non Convertible Debenture AAA 0.00 - 3.55 3.55
equal 8.48% LIC Housing Fin. 2023 Bonds AAA 3.49 - 8.31 3.49
equal 9.25% Maharashtra State 2023 State Development Loan SOV 0.00 - 4.43 3.06
equal 8.83% IRFC 25/03/2023 Bonds AAA 3.00 - 7.12 3.00
equal 8.73% NTPC 2023 Bonds AAA 0.00 - 3.66 2.99
equal 8.84% Power Finance Corp. 2023 Bonds AAA 2.95 - 7.02 2.95
equal REC 2023 Bonds AAA 2.94 - 7.05 2.94
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.00 - 3.80 2.87
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 2.87 - 6.82 2.87
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 0.00 - 4.87 2.83
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 2.40 - 4.26 2.40
equal 8.80% Export-Import Bank 15/03/2023 Bonds AAA 1.80 - 2.84 1.80
equal 8.76% Export-Import Bank 14/02/2023 Bonds AAA 1.80 - 4.26 1.80
equal 8.62% Tamilnadu State 20/02/2023 State Development Loan SOV 0.00 - 2.55 1.79
equal 7.93% Power Grid Corporation 20/05/2023 Bonds AAA 1.76 - 4.14 1.76
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 1.87 1.70
equal 9.37% Maharashtra State 2023 State Development Loan SOV 0.00 - 2.36 1.23
equal 9.40% Export-Import Bank 14/08/2023 Bonds AAA 1.23 - 2.91 1.23
equal 8.54% Nuclear Power Corpn. 15/03/2023 Debenture AAA 1.19 - 2.83 1.19

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-Nov-2019

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:

— Sandeep Agarwal since 01-Jun-2012

Education: Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.

Experience: Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.

Funds Managed:


-0.10%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 27.9839

Dividend Yearly: ₹ 14.3254

More

Dividend Quarterly: ₹ 15.4720

Dividend Monthly: ₹ 13.0841

Dividend Half Yearly: ₹ 14.3856


Investment Strategy

The scheme seeks to generate income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 30-Dec-2004
Benchmark: CRISIL AAA Medium-Term Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 891 Cr (As on 30-Nov-2019)
Expense: 0.51% (As on 31-Oct-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly26-Sep-20190.2161

 26-Mar-20190.2161
 26-Sep-20180.2161
 27-Mar-20180.2167
 21-Sep-20170.2167
 27-Mar-20170.2167
 23-Sep-20160.2167
 23-Mar-20160.2167
 30-May-20131.8920
 31-Mar-20100.2190
 28-Mar-20080.3066
 24-Dec-20070.3066
 20-Jul-20070.2628
 24-Jul-20060.4691
 09-Nov-20050.2105
Dividend Monthly29-Nov-20190.0144

 25-Oct-20190.0144
 27-Sep-20190.0144
 30-Aug-20190.0144
 26-Jul-20190.0144
 28-Jun-20190.0144
 31-May-20190.0144
 26-Apr-20190.0144
 29-Mar-20190.0144
 22-Feb-20190.0144
 25-Jan-20190.0144
 28-Dec-20180.0144
 30-Nov-20180.0144
 26-Oct-20180.0144
 31-Aug-20180.0144
 29-Jun-20180.0144
 25-May-20180.0144
 27-Apr-20180.0144
 28-Mar-20180.0144
 23-Feb-20180.0144
 25-Jan-20180.0144
 29-Dec-20170.0144
 24-Nov-20170.0144
 27-Oct-20170.0144
 29-Sep-20170.0144
Dividend Quarterly26-Sep-20190.1080

 26-Jun-20190.1080
 26-Mar-20190.1080
 20-Dec-20180.1080
 26-Sep-20180.1080
 26-Jun-20180.1080
 27-Mar-20180.1083
 19-Dec-20170.1083
 21-Sep-20170.1083
 27-Jun-20170.1083
 27-Mar-20170.1083
 21-Dec-20160.1083
 23-Sep-20160.1083
 21-Jun-20160.1083
 23-Mar-20160.1083
 30-May-20132.8538
 07-Jul-20100.1318
 31-Mar-20100.1051
 02-Jan-20090.1752
 28-Mar-20080.1752
 24-Dec-20070.1752
 20-Jul-20070.1314
 05-Jan-20070.2193
 24-Jul-20060.3351
 16-Mar-20060.1481
Dividend Yearly26-Mar-20190.4322

 27-Mar-20180.4334
 27-Mar-20170.4334
 23-Mar-20160.4334
 30-May-20132.3493
 31-Mar-20100.4380
 28-Mar-20080.4818
 20-Jul-20070.4818
 24-Jul-20060.6723

News & Analysis

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM