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3 star

Sundaram Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 3.43 0.01 0.12 0.51 1.78 3.23 7.03 -- -- -- --
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 -- -- -- --
Debt: Money Market 3.78 0.02 0.16 0.64 2.15 3.60 7.43 -- -- -- --
Rank within category 15 19 16 16 16 15 14 -- -- -- --
Number of funds in category 19 20 20 20 20 19 18 13 13 13 0

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Money Market Fund - Direct Plan
3 star
Sep-18 7.03 -- -- 0.20 271
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.98 7.79 8.11 0.22 13,222
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.24 8.03 7.86 0.18 8,422
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.42 7.90 7.75 0.15 8,422
Nippon India Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.68 7.80 7.69 0.15 4,218

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.97 (24-Mar-2020 - 31-Mar-2020) -0.64 (17-Mar-2020 - 24-Mar-2020)
Month 1.55 (24-Mar-2020 - 23-Apr-2020) -0.22 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.65 (24-Mar-2020 - 24-Jun-2020) 0.64 (24-Dec-2019 - 24-Mar-2020)
Year 8.57 (02-Nov-2018 - 04-Nov-2019) 6.57 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Money Market* 7.18 0.78 3.49 9.29 0.68 2.71
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 17 10 27
Modified Duration (yrs) 0.33 0.63 0.30 --
Average Maturity (yrs) 0.33 0.63 0.30 --
Yield to Maturity (%) 4.35 6.96 4.35 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reliance Industries 72-D 29/07/2020 Commercial Paper A1+ 0.00 - 7.33 7.33
new GSFC 90-D 27/07/2020 Commercial Paper A1+ 0.00 - 7.32 7.32
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 7.32 7.32
new Reliance Jio Infocomm 91-D 07/08/2020 Commercial Paper A1+ 0.00 - 7.32 7.32
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 10.06 7.31
equal Kotak Mahindra Bank 22/09/2020 Certificate of Deposit A1+ 0.00 - 10.03 7.29
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 9.92 7.24
equal National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 7.61 7.19
new HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 7.09 7.09
equal Tata Power Renewable Energy 91-D 12/06/2020 Commercial Paper A1+ 0.00 - 7.25 6.25
equal Bank of India 15/06/2020 Certificate of Deposit A1+ 0.00 - 7.27 5.52
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 7.43 5.42
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 7.04 5.41
equal Godrej Industries 91-D 18/06/2020 Commercial Paper A1+ 0.00 - 3.92 3.68
equal Blue Star 141-D 28/08/2020 Commercial Paper A1+ 0.00 - 3.85 3.63
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 2.54 1.84
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 1.91 1.46

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

— 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 09-Jul-2020

Growth: ₹ 11.4125

Dividend Weekly: ₹ 10.4387

More

Dividend Quarterly: ₹ 11.0927

Dividend Monthly: ₹ 10.8968

Dividend Fortnightly: ₹ 10.3395

Dividend 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 (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 26-Sep-2018
Return Since Launch: 7.68%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 271 Cr (As on 31-May-2020)
Expense: 0.20% (As on 31-May-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily09-Jul-20200.0010

 08-Jul-20200.0031
 07-Jul-20200.0010
 06-Jul-20200.0036
 03-Jul-20200.0036
 02-Jul-20200.0010
 01-Jul-20200.0043
 04-Jun-20200.0005
 03-Jun-20200.0001
 02-Jun-20200.0011
 27-May-20200.0086
 22-May-20200.0071
 21-May-20200.0038
 20-May-20200.0027
 19-May-20200.0030
 18-May-20200.0077
 15-May-20200.0060
 14-May-20200.0021
 13-May-20200.0034
 12-May-20200.0081
 11-May-20200.0042
 08-May-20200.0044
 06-May-20200.0034
 05-May-20200.0045
 04-May-20200.0052
Dividend Weekly02-Jul-20200.0085

 25-Jun-20200.0077
 18-Jun-20200.0078
 11-Jun-20200.0087
Dividend Fortnightly26-Jun-20200.0170

 12-Jun-20200.0149
 29-May-20200.0329
 08-May-20200.0191
 24-Apr-20200.0237
 09-Apr-20200.0193
 27-Mar-20200.0127
 13-Mar-20200.0152
 28-Feb-20200.0120
 14-Feb-20200.0161
 31-Jan-20200.0207
 10-Jan-20200.0171
 27-Dec-20190.0100
 13-Dec-20190.0114
 29-Nov-20190.0264
 07-Nov-20190.0151
 25-Oct-20190.0166
 11-Oct-20190.0167
 27-Sep-20190.0072
 13-Sep-20190.0188
 30-Aug-20190.0252
 09-Aug-20190.0221
 26-Jul-20190.0186
 12-Jul-20190.0179
 28-Jun-20190.0171
Dividend Monthly26-Jun-20200.0429

 29-May-20200.0562
 24-Apr-20200.0000
 27-Mar-20200.0000
 28-Feb-20200.0003
 29-Nov-20190.0026
 25-Oct-20190.0012
 27-Sep-20190.0030
 30-Aug-20190.0530
 26-Jul-20190.0390
 28-Jun-20190.0354
 31-May-20190.0556
 26-Apr-20190.0285
 29-Mar-20190.0583
 22-Feb-20190.0004
 30-Nov-20180.0005
Dividend Quarterly26-Mar-20200.0360

 30-Dec-20190.0360
 26-Sep-20190.0360
 26-Jun-20190.0360
 26-Mar-20190.0360
 20-Dec-20180.0360

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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