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2 star

Sundaram Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 3.11 0.01 0.06 0.27 0.76 1.69 3.38 5.56 -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 -- -- --
Debt: Money Market 3.19 0.01 0.06 0.31 0.75 1.71 3.44 5.88 -- -- --
Rank within category 12 14 15 16 11 12 12 12 -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 12

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Money Market Fund - Regular Plan
2 star
Sep-18 3.38 5.56 -- 0.33% 60
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.76 6.24 6.48 0.35% 15,828
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.83 6.31 6.66 0.33% 14,819
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.69 6.06 6.45 0.33% 13,305
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.74 6.04 6.47 0.27% 9,336

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.97 24-Mar-2020 - 31-Mar-2020 -0.64 17-Mar-2020 - 24-Mar-2020
Month 1.58 24-Mar-2020 - 23-Apr-2020 -0.22 25-Feb-2020 - 26-Mar-2020
Quarter 2.66 24-Mar-2020 - 24-Jun-2020 0.62 24-Dec-2019 - 24-Mar-2020
Year 8.42 02-Nov-2018 - 04-Nov-2019 3.36 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.45 0.69 2.42 7.30 1.48 2.56
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market 5.87 0.92 2.47 6.84 1.59 3.05
Rank within category 13 2 10 7 12 12
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-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 4 13 3 45
Modified Duration (yrs) 0.08 0.54 0.08 --
Average Maturity (yrs) 0.08 0.54 0.08 --
Yield to Maturity (%) 3.53 3.75 3.36 --
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 Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 41.48 41.48
equal Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 33.16 33.16
new IIFL Wealth Prime 8-D 10/11/2021 Commercial Paper A1+ 0.00 - 8.31 8.31
new Julius Baer Capital 53-D 30/11/2021 Commercial Paper A1+ 0.00 - 8.29 8.29

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

— Sandeep Agarwal since 12-Sep-2018

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:

— Siddharth Chaudhary since 12-Sep-2018

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 03-Dec-2021

Growth: ₹ 11.9467

IDCW Weekly: ₹ 10.4800

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IDCW Quarterly: ₹ 11.1766

IDCW Monthly: ₹ 11.1461

IDCW Daily: ₹ 10.0620


Investment Strategy

The scheme seeks to generate income by investing in a porfolio comprising of Money Market instruments having maturity up to one year.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 26-Sep-2018
Return Since Launch: 5.74%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 60 Cr (As on 31-Oct-2021)
Expense: 0.33% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0008

 02-Dec-20210.0008
 01-Dec-20210.0008
 30-Nov-20210.0008
 29-Nov-20210.0025
 26-Nov-20210.0008
 25-Nov-20210.0009
 24-Nov-20210.0011
 23-Nov-20210.0008
 22-Nov-20210.0031
 18-Nov-20210.0008
 17-Nov-20210.0010
 16-Nov-20210.0009
 15-Nov-20210.0025
 12-Nov-20210.0010
 11-Nov-20210.0011
 10-Nov-20210.0008
 09-Nov-20210.0010
 08-Nov-20210.0057
 03-Nov-20210.0012
 02-Nov-20210.0007
 01-Nov-20210.0026
 29-Oct-20210.0007
 28-Oct-20210.0007
 27-Oct-20210.0010
IDCW Weekly03-Dec-20210.0061

 26-Nov-20210.0070
 18-Nov-20210.0053
 12-Nov-20210.0100
 03-Nov-20210.0048
 29-Oct-20210.0048
 22-Oct-20210.0057
 14-Oct-20210.0058
 08-Oct-20210.0070
 01-Oct-20210.0056
 24-Sep-20210.0051
 17-Sep-20210.0074
 09-Sep-20210.0053
 03-Sep-20210.0069
 27-Aug-20210.0069
 20-Aug-20210.0076
 13-Aug-20210.0084
 06-Aug-20210.0068
 30-Jul-20210.0071
 23-Jul-20210.0074
 16-Jul-20210.0081
 09-Jul-20210.0074
 02-Jul-20210.0101
 25-Jun-20210.0060
 18-Jun-20210.0058
IDCW Monthly17-Nov-20210.0319

 14-Oct-20210.0247
 17-Sep-20210.0314
 17-Aug-20210.0356
 16-Jul-20210.0345
 17-Jun-20210.0280
 17-May-20210.0324
 16-Apr-20210.0178
 26-Mar-20210.0289
 26-Jun-20200.0405
 29-May-20200.0555
 24-Apr-20200.0002
 27-Mar-20200.0000
 28-Feb-20200.0003
 29-Nov-20190.0026
 25-Oct-20190.0012
 27-Sep-20190.0050
 30-Aug-20190.0519
 26-Jul-20190.0382
 28-Jun-20190.0346
 31-May-20190.0547
 26-Apr-20190.0278
 29-Mar-20190.0573
 22-Feb-20190.0003
 30-Nov-20180.0005
IDCW Quarterly27-Sep-20210.0750

 28-Jun-20210.1500
 25-Mar-20210.0500
 22-Dec-20200.0500
 24-Sep-20200.0500
 16-Jul-20200.0500
 26-Mar-20200.0360
 30-Dec-20190.0360
 26-Sep-20190.0360
 26-Jun-20190.0360
 26-Mar-20190.0360
 20-Dec-20180.0360
IDCW Fortnightly09-Sep-20210.0120

 27-Aug-20210.0142
 13-Aug-20210.0148
 30-Jul-20210.0221
 09-Jul-20210.0173
 25-Jun-20210.0116
 11-Jun-20210.0125
 28-May-20210.0128
 14-May-20210.0124
 30-Apr-20210.0200
 09-Apr-20210.0105
 26-Mar-20210.0152
 12-Mar-20210.0108
 26-Feb-20210.0119
 12-Feb-20210.0124
 29-Jan-20210.0160
 08-Jan-20210.0143
 24-Dec-20200.0110
 11-Dec-20200.0094
 27-Nov-20200.0136
 13-Nov-20200.0123
 29-Oct-20200.0178
 09-Oct-20200.0161
 25-Sep-20200.0124
 11-Sep-20200.0130

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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