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Unrated

Sundaram Ultra Short Term Fund - Regular Plan


Analyst's Choice?

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 0.78 0.05 0.08 0.45 1.20 2.72 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 -- -- -- -- --
Debt: Ultra Short Duration 0.76 0.05 0.09 0.52 1.31 2.98 -- -- -- -- --
Rank within category 23 22 23 22 23 20 -- -- -- -- --
Number of funds in category 28 29 29 28 27 26 24 17 17 15 13

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.23 (09-Jul-2019 - 16-Jul-2019) 0.01 (13-Sep-2019 - 20-Sep-2019)
Month 0.71 (09-Jul-2019 - 08-Aug-2019) 0.29 (02-Dec-2019 - 01-Jan-2020)
Quarter 1.72 (02-Jul-2019 - 01-Oct-2019) 1.10 (01-Nov-2019 - 31-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration* 6.14 1.64 1.35 3.07 1.48 2.85
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 26 7 40
Modified Duration (yrs) 0.40 0.46 0.18 0.36
Average Maturity (yrs) 0.40 0.47 0.18 0.43
Yield to Maturity (%) 5.75 6.44 5.57 6.18

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 8.56 8.56
new 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 7.47 7.47
equal 7.20% IRFC 31/05/2020 Bonds AAA 0.00 - 7.95 7.40
down Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 13.67 7.32
new Aditya Birla Fashion and Retail 57-D 27/03/2020 Commercial Paper A1+ 0.00 - 7.31 7.31
equal 7.80% HDB Financial Services 29/06/2020 Bonds AAA 0.00 - 7.85 5.93
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 6.37 5.92
new TVS Credit Services 90-D 29/04/2020 Commercial Paper A1+ 0.00 - 5.80 5.80
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 7.39 5.77
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 6.66 5.08
equal Tata Power Renewable Energy 87-D 27/02/2020 Commercial Paper A1+ 0.00 - 4.40 4.40
equal 1.50% HDFC 18/06/2020 Debenture AAA 0.00 - 4.20 4.20
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 7.86 3.81
equal 8.78% NTPC 2020 Bonds/NCDs AAA 0.00 - 3.91 2.96
equal Muthoot Finance 365-D 20/02/2020 Commercial Paper A1+ 0.00 - 2.94 2.94
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 2.93 2.93
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 7.34 2.86
equal 7.13% REC 21/09/2020 Bonds AAA 0.00 - 1.93 1.48
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 2.62 1.48
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 1.55 1.47
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 1.82 0.88
equal 8.90% Power Grid Corporation 25/02/2020 Bonds AAA 0.00 - 0.74 0.74

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-Jan-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:


0.05%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 10.4074

Dividend Weekly: ₹ 10.2077

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Dividend Quarterly: ₹ 10.3056

Dividend Monthly: ₹ 10.2079

Dividend Fortnightly: ₹ 10.1896

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: 4.07%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 339 Cr (As on 31-Jan-2020)
Expense: 1.01% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.0036

 20-Feb-20200.0019
 18-Feb-20200.0003
 17-Feb-20200.0021
 14-Feb-20200.0020
 13-Feb-20200.0012
 12-Feb-20200.0008
 11-Feb-20200.0014
 10-Feb-20200.0031
 07-Feb-20200.0020
 06-Feb-20200.0034
 05-Feb-20200.0004
 04-Feb-20200.0012
 03-Feb-20200.0036
 31-Jan-20200.0008
 30-Jan-20200.0009
 29-Jan-20200.0010
 28-Jan-20200.0008
 27-Jan-20200.0027
 24-Jan-20200.0011
 23-Jan-20200.0019
 22-Jan-20200.0009
 21-Jan-20200.0011
 20-Jan-20200.0028
 17-Jan-20200.0011
Dividend Weekly20-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
 06-Dec-20190.0024
 29-Nov-20190.0066
 22-Nov-20190.0057
 15-Nov-20190.0077
 07-Nov-20190.0011
 01-Nov-20190.0061
 25-Oct-20190.0065
 18-Oct-20190.0067
 11-Oct-20190.0077
 04-Oct-20190.0076
 27-Sep-20190.0055
 20-Sep-20190.0001
 13-Sep-20190.0068
 05-Sep-20190.0085
Dividend Fortnightly14-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 Monthly31-Jan-20200.0322

 27-Dec-20190.0187
 29-Nov-20190.0364
 25-Oct-20190.0312
 27-Sep-20190.0236
Dividend Quarterly30-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: 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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