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2 star

Sundaram Money Market Fund - Direct Plan download report


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Sundaram Money Market Fund Direct-G 2.50 0.08 0.10 0.47 1.20 2.04 3.74 4.57 -- -- --
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 -- -- --
Debt: Money Market 2.51 0.09 0.12 0.45 1.31 1.98 3.86 4.98 -- -- --
Rank within category 13 19 19 3 19 10 14 15 -- -- --
Number of funds in category 20 21 21 20 20 20 19 16 12 12 0

As on 17-Aug-2022

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
2 star
Sep-18 3.74 4.57 -- 0.24 39
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.97 5.14 6.20 0.23 19,929
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.07 5.28 6.41 0.21 13,395
HDFC Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.02 5.26 6.31 0.21 12,325
Nippon India Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.16 5.11 6.27 0.17 9,971

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 3.43 11-May-2021 - 11-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Sundaram Money Market Fund Direct-G 4.52 0.49 2.09 7.86 1.09 2.00
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Money Market 4.89 0.70 2.10 5.20 1.33 2.59
Rank within category 15 2 10 1 2 15
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 1 6 1 47
Modified Duration (yrs) 0.21 0.25 0.01 0.34
Average Maturity (yrs) 0.21 0.25 0.01 0.35
Yield to Maturity (%) 5.50 5.50 3.32 5.94
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
new Reserve Bank of India 182-D 01/12/2022 Treasury Bills SOV 0.00 - 62.44 62.44

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-Jul-2022

Fund Manager

— Dwijendra Srivastava since 16-May-2022

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 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:


0.01%

Change from previous, NAV as on 18-Aug-2022

Growth: ₹ 12.3153

IDCW Weekly: ₹ 10.4917

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IDCW Quarterly: ₹ 11.2931

IDCW Monthly: ₹ 11.1533

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

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. 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: 5.49%
Benchmark: NIFTY Money Market Index B-I
Riskometer: Low
Type: Open-ended
Assets: ₹ 39 Cr (As on 31-Jul-2022)
Expense Ratio: 0.24% (As on 31-Jul-2022)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.0078

 12-Aug-20220.0015
 11-Aug-20220.0009
 10-Aug-20220.0032
 08-Aug-20220.0023
 05-Aug-20220.0014
 04-Aug-20220.0028
 03-Aug-20220.0020
 02-Aug-20220.0020
 01-Aug-20220.0055
 29-Jul-20220.0016
 28-Jul-20220.0010
 27-Jul-20220.0013
 26-Jul-20220.0014
 25-Jul-20220.0042
 22-Jul-20220.0011
 21-Jul-20220.0014
 20-Jul-20220.0009
 19-Jul-20220.0012
 18-Jul-20220.0041
 15-Jul-20220.0009
 14-Jul-20220.0014
 13-Jul-20220.0013
 12-Jul-20220.0011
 11-Jul-20220.0040
IDCW Monthly17-Aug-20220.0519

 15-Jul-20220.0400
 17-Jun-20220.0413
 17-May-20220.0295
 13-Apr-20220.0330
 17-Mar-20220.0290
 17-Feb-20220.0305
 17-Jan-20220.0331
 17-Dec-20210.0298
 17-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
IDCW Weekly12-Aug-20220.0081

 05-Aug-20220.0138
 29-Jul-20220.0097
 22-Jul-20220.0089
 15-Jul-20220.0089
 08-Jul-20220.0094
 01-Jul-20220.0094
 24-Jun-20220.0098
 17-Jun-20220.0089
 10-Jun-20220.0093
 03-Jun-20220.0088
 27-May-20220.0082
 20-May-20220.0100
 13-May-20220.0041
 29-Apr-20220.0066
 22-Apr-20220.0107
 13-Apr-20220.0058
 08-Apr-20220.0077
 30-Mar-20220.0048
 25-Mar-20220.0128
 17-Mar-20220.0074
 11-Mar-20220.0063
 04-Mar-20220.0073
 25-Feb-20220.0063
 18-Feb-20220.0095
IDCW Quarterly28-Jun-20220.0750

 28-Mar-20220.0750
 20-Dec-20210.0750
 27-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

Website: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies 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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