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Unrated

Sundaram Ultra Short Term Fund - Regular Plan


Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 3.10 0.02 0.14 0.63 1.80 2.94 6.01 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Ultra Short Duration 3.46 0.03 0.27 0.80 2.03 3.27 6.81 -- -- -- --
Rank within category 20 12 10 16 21 19 20 -- -- -- --
Number of funds in category 27 28 28 28 28 27 25 16 16 14 12

As on 10-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Ultra Short Term Fund - Regular Plan
Unrated
Jun-19 6.01 -- -- 1.40 306
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 8.27 7.86 8.20 0.45 11,830
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 7.55 7.64 7.57 0.49 9,750
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 7.43 7.36 7.59 0.78 9,189
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 7.61 -- -- 0.64 7,697

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.10 (24-Mar-2020 - 31-Mar-2020) -0.64 (17-Mar-2020 - 24-Mar-2020)
Month 1.60 (24-Mar-2020 - 23-Apr-2020) -0.45 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.55 (24-Mar-2020 - 24-Jun-2020) 0.26 (24-Dec-2019 - 24-Mar-2020)
Year 6.06 (28-Jun-2019 - 29-Jun-2020) 6.02 (01-Jul-2019 - 30-Jun-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: Ultra Short Duration* 6.06 1.64 1.69 4.08 1.00 1.98
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 19 26 7 28
Modified Duration (yrs) 0.42 0.50 0.18 --
Average Maturity (yrs) 0.43 0.51 0.18 --
Yield to Maturity (%) 4.01 6.44 4.01 --

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 84-D 20/08/2020 Treasury Bills SOV 0.00 - 14.60 14.60
new Reliance Jio Infocomm 91-D 07/08/2020 Commercial Paper A1+ 0.00 - 9.74 9.74
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 9.72 9.72
equal National Bank Agr. Rur. Devp 151-D 22/06/2020 Commercial Paper A1+ 0.00 - 8.16 8.16
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 7.93 7.93
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 7.39 6.53
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 6.47 6.47
equal Tata Power Renewable Energy 91-D 12/06/2020 Commercial Paper A1+ 0.00 - 5.22 5.22
up 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 6.66 3.97
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 3.30 3.30
new Blue Star 82-D 30/06/2020 Commercial Paper A1+ 0.00 - 3.26 3.26
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 7.34 3.24
equal ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 3.20 3.20
new 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 1.68 1.68
equal REC 13/12/2022 Debenture AAA 0.00 - 1.65 1.65
equal 7.13% REC 21/09/2020 Bonds AAA 0.00 - 1.93 1.65
equal 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 2.99 1.65
equal Blue Star 141-D 28/08/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.60 1.60

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 14-Jun-2019

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 14-Jun-2019

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:


0.02%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 10.6465

Dividend Weekly: ₹ 10.2511

More

Dividend Quarterly: ₹ 10.4915

Dividend Monthly: ₹ 10.2568

Dividend Fortnightly: ₹ 10.2750

Dividend Daily: ₹ 10.1500


Investment Strategy

The scheme seeks to generate regular income by investing predominantly in debt and money market instruments.

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: 24-Jun-2019
Return Since Launch: 6.17%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 306 Cr (As on 31-May-2020)
Expense: 1.40% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0020

 09-Jul-20200.0012
 08-Jul-20200.0041
 07-Jul-20200.0031
 06-Jul-20200.0039
 03-Jul-20200.0028
 02-Jul-20200.0028
 01-Jul-20200.0035
 30-Jun-20200.0012
 29-Jun-20200.0026
 26-Jun-20200.0036
 25-Jun-20200.0034
 24-Jun-20200.0018
 23-Jun-20200.0027
 22-Jun-20200.0019
 19-Jun-20200.0040
 18-Jun-20200.0030
 17-Jun-20200.0021
 16-Jun-20200.0019
 15-Jun-20200.0050
 12-Jun-20200.0026
 11-Jun-20200.0043
 10-Jun-20200.0016
 09-Jun-20200.0006
 08-Jun-20200.0009
Dividend Weekly03-Jul-20200.0068

 26-Jun-20200.0062
 19-Jun-20200.0060
 12-Jun-20200.0071
 05-Jun-20200.0018
 29-May-20200.0006
 22-May-20200.0079
 08-May-20200.0118
 24-Apr-20200.0133
 17-Apr-20200.0242
 03-Apr-20200.0144
 27-Mar-20200.0487
 06-Mar-20200.0114
 28-Feb-20200.0036
 20-Feb-20200.0034
 14-Feb-20200.0076
 07-Feb-20200.0097
 31-Jan-20200.0049
 24-Jan-20200.0069
 17-Jan-20200.0041
 10-Jan-20200.0055
 03-Jan-20200.0071
 27-Dec-20190.0040
 20-Dec-20190.0040
 13-Dec-20190.0058
Dividend Fortnightly26-Jun-20200.0131

 12-Jun-20200.0129
 29-May-20200.0149
 08-May-20200.0163
 24-Apr-20200.0390
 09-Apr-20200.0058
 27-Mar-20200.0204
 13-Mar-20200.0043
 28-Feb-20200.0080
 14-Feb-20200.0183
 31-Jan-20200.0180
 10-Jan-20200.0133
 27-Dec-20190.0086
 13-Dec-20190.0090
 29-Nov-20190.0227
 07-Nov-20190.0130
 25-Oct-20190.0142
 11-Oct-20190.0167
 27-Sep-20190.0069
 13-Sep-20190.0166
Dividend Monthly26-Jun-20200.0302

 29-May-20200.0325
 24-Apr-20200.0468
 27-Mar-20200.0262
 28-Feb-20200.0273
 31-Jan-20200.0322
 27-Dec-20190.0187
 29-Nov-20190.0364
 25-Oct-20190.0312
 27-Sep-20190.0236
Dividend Quarterly26-Mar-20200.0360

 30-Dec-20190.0360
 26-Sep-20190.0360

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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