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Sundaram Money Market Fund - Direct 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 3.23 0.01 0.06 0.26 0.78 1.72 3.46 5.62 -- -- --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 -- -- --
Debt: Money Market 3.53 0.02 0.08 0.33 0.84 1.87 3.76 6.11 -- -- --
Rank within category 16 20 20 20 20 17 16 14 -- -- --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 0

As on 08-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 - Direct Plan
1 star
Sep-18 3.46 5.62 -- 0.24% 48
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.95 6.40 6.78 0.21% 16,641
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.92 6.39 6.67 0.21% 15,828
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.82 6.15 6.57 0.21% 13,562
Tata Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.12 6.42 5.12 0.25% 8,072

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 1.55 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 3.44 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.54 0.69 2.55 8.49 1.48 2.66
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market 6.15 0.92 2.77 7.74 1.59 3.33
Rank within category 15 2 12 3 11 13
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 2 11 2 48
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 GOI/Cash -- -- --

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 - 51.94 51.94
down Reserve Bank of India 182-D 09/12/2021 Treasury Bills SOV 0.00 - 33.16 20.76

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-2021

*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 08-Dec-2021

Growth: ₹ 11.9882

IDCW Weekly: ₹ 10.4866

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IDCW Quarterly: ₹ 11.2163

IDCW Monthly: ₹ 11.1716

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: 5.83%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 48 Cr (As on 30-Nov-2021)
Expense: 0.24% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily07-Dec-20210.0009

 06-Dec-20210.0027
 03-Dec-20210.0009
 02-Dec-20210.0009
 01-Dec-20210.0009
 30-Nov-20210.0009
 29-Nov-20210.0028
 26-Nov-20210.0009
 25-Nov-20210.0010
 24-Nov-20210.0012
 23-Nov-20210.0009
 22-Nov-20210.0035
 18-Nov-20210.0009
 17-Nov-20210.0011
 16-Nov-20210.0009
 15-Nov-20210.0028
 12-Nov-20210.0010
 11-Nov-20210.0012
 10-Nov-20210.0009
 09-Nov-20210.0010
 08-Nov-20210.0061
 03-Nov-20210.0013
 02-Nov-20210.0009
 01-Nov-20210.0029
 29-Oct-20210.0008
IDCW Weekly03-Dec-20210.0062

 26-Nov-20210.0073
 18-Nov-20210.0054
 12-Nov-20210.0102
 03-Nov-20210.0049
 29-Oct-20210.0052
 22-Oct-20210.0059
 14-Oct-20210.0060
 08-Oct-20210.0070
 01-Oct-20210.0056
 24-Sep-20210.0053
 17-Sep-20210.0074
 09-Sep-20210.0054
 03-Sep-20210.0071
 27-Aug-20210.0069
 20-Aug-20210.0077
 13-Aug-20210.0084
 06-Aug-20210.0069
 30-Jul-20210.0073
 23-Jul-20210.0076
 16-Jul-20210.0080
 09-Jul-20210.0076
 02-Jul-20210.0102
 25-Jun-20210.0062
 18-Jun-20210.0059
IDCW Monthly17-Nov-20210.0330

 14-Oct-20210.0254
 17-Sep-20210.0323
 17-Aug-20210.0365
 16-Jul-20210.0349
 17-Jun-20210.0284
 17-May-20210.0318
 16-Apr-20210.0182
 26-Mar-20210.0299
 26-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
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 Fortnightly28-May-20210.0133

 14-May-20210.0120
 30-Apr-20210.0208
 09-Apr-20210.0108
 26-Mar-20210.0154
 12-Mar-20210.0112
 26-Feb-20210.0124
 12-Feb-20210.0128
 29-Jan-20210.0169
 08-Jan-20210.0149
 24-Dec-20200.0114
 11-Dec-20200.0096
 27-Nov-20200.0140
 13-Nov-20200.0129
 29-Oct-20200.0185
 09-Oct-20200.0166
 25-Sep-20200.0130
 11-Sep-20200.0134
 28-Aug-20200.0128
 14-Aug-20200.0159
 31-Jul-20200.0201
 10-Jul-20200.0190
 26-Jun-20200.0170
 12-Jun-20200.0149
 29-May-20200.0329

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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