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Unrated

Sundaram Ultra Short Term Fund - Direct 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 0.27 0.02 0.08 0.44 1.50 3.47 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.17 0.01 0.01 0.28 0.83 1.91 -- -- -- -- --
Debt: Ultra Short Duration 0.14 0.02 -0.06 0.35 1.32 3.36 -- -- -- -- --
Rank within category 19 15 19 22 14 13 -- -- -- -- --
Number of funds in category 28 28 28 28 26 26 23 17 17 15 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.81 (09-Jul-2019 - 08-Aug-2019) 0.39 (02-Dec-2019 - 01-Jan-2020)
Quarter 2.03 (02-Jul-2019 - 01-Oct-2019) 1.49 (18-Oct-2019 - 17-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -10.52 -- -- --
Debt: Ultra Short Duration* 6.73 1.54 2.18 4.45 1.44 3.37
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 26 7 40
Modified Duration (yrs) 0.29 0.46 0.18 0.37
Average Maturity (yrs) 0.29 0.47 0.18 0.45
Yield to Maturity (%) 5.57 6.44 5.57 6.25

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 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 13.67 13.67
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 8.38 7.98
equal 7.20% IRFC 31/05/2020 Bonds AAA 0.00 - 7.95 6.94
equal 8.90% Reliance Jio Infocomm 21/01/2020 Debenture AAA 0.00 - 7.93 6.92
equal 9.34% M&M Financial Services 17/03/2020 Bonds/Debentures AAA 0.00 - 6.37 5.56
equal 7.80% HDB Financial Services 29/06/2020 Bonds AAA 0.00 - 7.85 5.56
equal SIDBI 24/06/2020 Certificate of Deposit A1+ 0.00 - 7.39 5.38
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 6.66 4.76
equal Axis Bank 16/01/2020 Certificate of Deposit A1+ 0.00 - 4.68 4.13
new Tata Power Renewable Energy 87-D 27/02/2020 Commercial Paper A1+ 0.00 - 4.10 4.10
equal 1.50% HDFC 18/06/2020 Debenture AAA 0.00 - 4.17 3.95
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 7.86 3.55
equal 8.78% NTPC 2020 Bonds/NCDs AAA 0.00 - 3.91 2.78
down TVS Credit Services 91-D 29/01/2020 Commercial Paper A1+ 0.00 - 4.65 2.75
equal Muthoot Finance 365-D 20/02/2020 Commercial Paper A1+ 0.00 - 2.87 2.74
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 2.87 2.74
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 7.34 2.66
equal 7.13% REC 21/09/2020 Bonds AAA 0.00 - 1.93 1.39
equal 7.59% REC 13/03/2020 Debenture AAA 0.00 - 2.62 1.39
equal 6.84% NHPC 24/01/2020 Debenture AAA 0.00 - 1.94 1.38
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 1.55 1.37
new Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 1.31 1.31
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 1.82 0.82
new 8.90% Power Grid Corporation 25/02/2020 Bonds AAA 0.00 - 0.69 0.69

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-Dec-2019

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 20-Jan-2020

Growth: ₹ 10.4248

Dividend Weekly: ₹ 10.2284

More

Dividend Quarterly: ₹ 10.3230

Dividend Monthly: ₹ 10.2291

Dividend 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 --
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: 4.20%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Low
Type: Open-ended
Assets: ₹ 362 Cr (As on 31-Dec-2019)
Expense: 0.16% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.0013

 16-Jan-20200.0011
 15-Jan-20200.0008
 13-Jan-20200.0030
 10-Jan-20200.0009
 09-Jan-20200.0014
 08-Jan-20200.0013
 07-Jan-20200.0013
 06-Jan-20200.0031
 03-Jan-20200.0015
 02-Jan-20200.0022
 01-Jan-20200.0017
 31-Dec-20190.0011
 30-Dec-20190.0031
 27-Dec-20190.0013
 26-Dec-20190.0017
 24-Dec-20190.0006
 23-Dec-20190.0029
 20-Dec-20190.0004
 19-Dec-20190.0007
 18-Dec-20190.0008
 17-Dec-20190.0014
 16-Dec-20190.0033
 13-Dec-20190.0012
 12-Dec-20190.0012
Dividend Weekly17-Jan-20200.0051

 10-Jan-20200.0069
 03-Jan-20200.0086
 27-Dec-20190.0055
 20-Dec-20190.0055
 13-Dec-20190.0073
 06-Dec-20190.0040
 29-Nov-20190.0081
 22-Nov-20190.0072
 15-Nov-20190.0095
 07-Nov-20190.0023
 01-Nov-20190.0077
 25-Oct-20190.0080
 18-Oct-20190.0083
 11-Oct-20190.0092
 04-Oct-20190.0091
 27-Sep-20190.0070
 20-Sep-20190.0017
 13-Sep-20190.0083
 05-Sep-20190.0101
Dividend Quarterly30-Dec-20190.0360

 26-Sep-20190.0360
Dividend Monthly27-Dec-20190.0255

 29-Nov-20190.0451
 25-Oct-20190.0381
 27-Sep-20190.0305

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM