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3 star

Sundaram Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 3.39 0.01 0.07 0.34 0.80 1.81 3.68 -- -- -- --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 -- -- -- --
Debt: Ultra Short Duration 3.70 0.01 0.07 0.33 0.96 2.10 3.98 -- -- -- --
Rank within category 15 15 17 11 15 17 14 -- -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 01-Dec-2021

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 - Direct Plan
3 star
Jun-19 3.68 -- -- 0.18% 1,004
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.05 6.77 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.87 6.40 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.62 6.22 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.54 6.06 6.54 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.11 24-Mar-2020 - 31-Mar-2020 -0.63 17-Mar-2020 - 24-Mar-2020
Month 1.66 24-Mar-2020 - 23-Apr-2020 -0.38 25-Feb-2020 - 26-Mar-2020
Quarter 2.79 24-Mar-2020 - 24-Jun-2020 0.49 24-Dec-2019 - 24-Mar-2020
Year 7.21 28-Jun-2019 - 29-Jun-2020 3.66 23-Nov-2020 - 23-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration* 5.68 1.35 2.25 5.69 1.05 2.53
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 37 25 41
Modified Duration (yrs) 0.26 0.34 0.22 --
Average Maturity (yrs) 0.27 0.38 0.26 --
Yield to Maturity (%) 3.95 3.95 3.39 --
Avg Credit Rating AAA -- -- --

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 364-D 25/11/2021 Treasury Bills SOV 0.00 - 6.76 6.76
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 5.35 4.99
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 5.31 4.98
new Indian Oil Corporation 43-D 18/11/2021 Commercial Paper A1+ 0.00 - 4.97 4.97
equal Tata Power Solar Systems 91-D 23/11/2021 Commercial Paper A1+ 0.00 - 5.31 4.97
new Reliance Industries 82-D 28/12/2021 Commercial Paper A1+ 0.00 - 4.95 4.95
new The Ramco Cements 77-D 28/12/2021 Commercial Paper A1+ 0.00 - 4.95 4.95
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 5.27 4.94
equal Julius Baer Capital 120-D 12/01/2022 Commercial Paper A1+ 0.00 - 5.27 4.94
equal IIFL Wealth Prime 161-D 25/02/2022 Commercial Paper A1+ 0.00 - 4.18 3.92
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 3.81 3.54
new IIFL Wealth Management 67-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.97 2.97
new Aditya Birla Money 90-D 27/01/2022 Commercial Paper A1+ 0.00 - 2.96 2.96
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.75 2.56
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.74 2.55
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.71 2.52
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 2.70 2.51
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 2.67 2.49
new JM Financial Products 8-D 10/11/2021 Commercial Paper A1+ 0.00 - 2.49 2.49
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 8.46 2.49
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.65 2.48
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 2.65 2.48
new Astec Lifesciences 91-D 17/01/2022 Commercial Paper A1+ 0.00 - 2.47 2.47
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 2.61 2.44
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 0.00 - 1.10 1.03

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-Oct-2021

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:


0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 11.3451

IDCW Weekly: ₹ 10.3473

More

IDCW Quarterly: ₹ 10.8413

IDCW Monthly: ₹ 10.2875

IDCW Daily: ₹ 10.1700


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 (₹) 1,000
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: 24-Jun-2019
Return Since Launch: 5.31%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,004 Cr (As on 31-Oct-2021)
Expense: 0.18% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0010

 30-Nov-20210.0008
 29-Nov-20210.0030
 26-Nov-20210.0013
 25-Nov-20210.0010
 24-Nov-20210.0011
 23-Nov-20210.0008
 22-Nov-20210.0036
 18-Nov-20210.0011
 17-Nov-20210.0009
 16-Nov-20210.0011
 15-Nov-20210.0033
 12-Nov-20210.0012
 11-Nov-20210.0011
 10-Nov-20210.0010
 09-Nov-20210.0024
 08-Nov-20210.0068
 03-Nov-20210.0019
 02-Nov-20210.0007
 01-Nov-20210.0027
 29-Oct-20210.0002
 28-Oct-20210.0009
 26-Oct-20210.0002
 25-Oct-20210.0017
 22-Oct-20210.0006
IDCW Weekly26-Nov-20210.0079

 18-Nov-20210.0065
 12-Nov-20210.0128
 03-Nov-20210.0055
 29-Oct-20210.0030
 22-Oct-20210.0054
 14-Oct-20210.0073
 08-Oct-20210.0073
 01-Oct-20210.0043
 24-Sep-20210.0034
 17-Sep-20210.0068
 09-Sep-20210.0047
 03-Sep-20210.0086
 27-Aug-20210.0074
 20-Aug-20210.0087
 13-Aug-20210.0094
 06-Aug-20210.0062
 30-Jul-20210.0079
 23-Jul-20210.0076
 16-Jul-20210.0091
 09-Jul-20210.0079
 02-Jul-20210.0080
 25-Jun-20210.0072
 18-Jun-20210.0043
 11-Jun-20210.0093
IDCW Monthly17-Nov-20210.0319

 14-Oct-20210.0221
 17-Sep-20210.0315
 17-Aug-20210.0355
 16-Jul-20210.0333
 17-Jun-20210.0302
 17-May-20210.0378
 16-Apr-20210.0162
 26-Mar-20210.0283
 26-Feb-20210.0272
 29-Jan-20210.0299
 24-Dec-20200.0218
 27-Nov-20200.0320
 29-Oct-20200.0444
 25-Sep-20200.0322
 28-Aug-20200.0249
 31-Jul-20200.0535
 26-Jun-20200.0393
 29-May-20200.0410
 24-Apr-20200.0518
 27-Mar-20200.0308
 28-Feb-20200.0319
 31-Jan-20200.0391
 27-Dec-20190.0255
 29-Nov-20190.0451
IDCW Quarterly27-Sep-20210.0750

 28-Jun-20210.0500
 25-Mar-20210.0500
 22-Dec-20200.0500
 24-Sep-20200.0500
 22-Jul-20200.0500
 26-Mar-20200.0360
 30-Dec-20190.0360
 26-Sep-20190.0360
IDCW Fortnightly29-May-20200.0207

 06-May-20200.0202
 23-Apr-20200.0420
 08-Apr-20200.0091
 26-Mar-20200.0234
 12-Mar-20200.0071
 27-Feb-20200.0107

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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