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2 star

Sundaram Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.04 0.04 0.16 0.98 2.31 3.95 3.30 3.77 5.29 6.39 7.23
CCIL T Bill Liquidity Weight 2.02 0.02 0.05 0.25 0.87 1.95 4.02 4.18 4.33 4.71 4.78
Debt: Low Duration 1.89 0.02 0.18 0.94 1.33 1.78 5.09 4.62 5.81 6.54 7.09
Rank within category 15 21 21 17 15 15 21 18 18 16 12
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 03-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Low Duration Fund - Regular Plan
2 star
Apr-07 3.30 3.77 5.29 0.83 404
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.23 8.02 8.24 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.47 7.73 7.82 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.96 7.93 7.91 0.58 4,777
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.70 7.76 7.99 0.48 4,144

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.30 (24-Mar-2020 - 31-Mar-2020) -5.44 (03-Jun-2019 - 10-Jun-2019)
Month 1.79 (24-Mar-2020 - 23-Apr-2020) -5.05 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.32 (24-Mar-2020 - 24-Jun-2020) -7.60 (31-May-2019 - 30-Aug-2019)
Year 10.34 (26-Jul-2013 - 28-Jul-2014) -3.95 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.76 4.05 -0.38 -0.17 -0.59 -2.27
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 18 18 19 21 3 21
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 52 27 45
Modified Duration (yrs) 0.96 1.16 0.74 0.82
Average Maturity (yrs) 1.20 1.45 0.84 0.96
Yield to Maturity (%) 4.89 7.20 4.86 6.44

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 - 24.55 24.55
equal Bank of India 15/06/2020 Certificate of Deposit A1+ 0.00 - 8.77 8.64
equal Tata Power Renewable Energy 91-D 12/06/2020 Commercial Paper A1+ 0.00 - 6.25 6.17
equal Axis Bank 29/06/2020 Certificate of Deposit A1+ 0.00 - 6.25 6.17
equal Reliance Industries 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 4.99 4.93
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 1.83 - 4.91 4.90
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 3.82 3.82
equal REC 13/12/2022 Debenture AAA 0.00 - 3.77 3.75
new Blue Star 82-D 30/06/2020 Commercial Paper A1+ 0.00 - 3.69 3.69
down 8.62% HDFC 15/10/2020 Debenture AAA 1.61 - 4.57 3.26
equal 8.10% Power Finance Corp. 2024 Non Convertible Debenture AAA 0.93 - 2.58 2.57
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 2.55 2.55
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 5.44 2.51
equal 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 2.51 2.50
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 2.48 2.45
equal Blue Star 141-D 28/08/2020 Commercial Paper A1+ 0.00 - 2.46 2.44
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.47 - 1.32 1.32
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.47 - 1.29 1.29
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 1.28 1.28
equal 8.80% REC 29/11/2020 Bonds AAA 0.00 - 1.28 1.26
new 6.95% Reliance Industries 15/03/2023 Non Convertible Debenture AAA 0.00 - 1.25 1.25
equal 8.28% Oriental Nagpur Betul Highway 30/09/2020 Debenture AAA 0.00 - 1.25 1.23
equal Kotak Mahindra Bank 22/09/2020 Certificate of Deposit A1+ 0.00 - 1.24 1.22
equal 7.14% HUDCO 22/12/2020 Non Convertible Debenture AAA 0.00 - 1.02 1.00
equal Reliance Retail Ltd. 28/09/2020 Securitised Debt AAA 0.00 - 1.02 1.00

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

— Dwijendra Srivastava since 20-Jul-2010

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:

— Siddharth Chaudhary since 01-Jun-2012

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:


0.04%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 25.2860

Dividend Weekly: ₹ 11.3665

More

Dividend Quarterly: ₹ 11.3998

Dividend Monthly: ₹ 10.5850

Dividend Fortnightly: ₹ 10.6371

Dividend Daily: ₹ 9.8444

Bonus: ₹ 14.4752


Investment Strategy

The scheme objective is to provide a level of income consistent with liquidity through investments made primarily in money-market and debt securities.

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: 23-Apr-2007
Return Since Launch: 7.28%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 404 Cr (As on 31-May-2020)
Expense: 0.83% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly03-Jul-20200.0092

 26-Jun-20200.0086
 19-Jun-20200.0110
 12-Jun-20200.0090
 05-Jun-20200.0028
 29-May-20200.0004
 22-May-20200.0104
 15-May-20200.0107
 08-May-20200.0125
 24-Apr-20200.0126
 17-Apr-20200.0148
 03-Apr-20200.0080
 27-Mar-20200.0535
 06-Mar-20200.0122
 28-Feb-20200.0012
 20-Feb-20200.0032
 14-Feb-20200.0099
 07-Feb-20200.0085
 31-Jan-20200.0067
 24-Jan-20200.0127
 17-Jan-20200.0184
 10-Jan-20200.0069
 03-Jan-20200.0078
 27-Dec-20190.0061
 20-Dec-20190.0113
Dividend Fortnightly26-Jun-20200.0222

 12-Jun-20200.0209
 29-May-20200.0538
 08-May-20200.1758
 24-Apr-20200.0265
 27-Mar-20200.0100
 28-Feb-20200.0052
 14-Feb-20200.0202
 31-Jan-20200.0380
 10-Jan-20200.0155
 27-Dec-20190.0176
 29-Nov-20190.0286
 07-Nov-20190.0195
 25-Oct-20190.0203
 11-Oct-20190.0204
 27-Sep-20190.0017
 13-Sep-20190.0187
 12-Jul-20190.0348
 28-Jun-20190.0144
 31-May-20190.0443
 10-May-20190.0197
 26-Apr-20190.0100
 12-Apr-20190.0132
 29-Mar-20190.0466
 08-Mar-20190.0233
Dividend Monthly26-Jun-20200.0401

 29-May-20200.0640
 24-Apr-20200.0407
 27-Mar-20200.0150
 28-Feb-20200.0396
 31-Jan-20200.0512
 31-May-20190.0625
 26-Apr-20190.0242
 29-Mar-20190.0720
 22-Feb-20190.0343
 25-Jan-20190.0505
 28-Dec-20180.0576
 30-Nov-20180.0632
 26-Oct-20180.0422
 28-Sep-20180.0205
 31-Aug-20180.0489
 27-Jul-20180.0429
 29-Jun-20180.0614
 25-May-20180.0208
 27-Apr-20180.0253
 28-Mar-20180.0597
 23-Feb-20180.0347
 25-Jan-20180.0317
 29-Dec-20170.0338
 24-Nov-20170.0323
Dividend Quarterly26-Mar-20200.1080

 30-Dec-20190.1080
 26-Jun-20190.1080
 26-Mar-20190.1080
 20-Dec-20180.1080
 26-Sep-20180.1080
 26-Jun-20180.1080
 27-Mar-20180.1083
 19-Dec-20170.1083
 21-Sep-20170.1083
 27-Jun-20170.1083
 27-Mar-20170.1083
 21-Dec-20160.1083
 23-Sep-20160.1083
 21-Jun-20160.1083
 22-Apr-20160.1083
 22-Jan-20160.0903
 15-Sep-20141.1266
 30-May-20131.2358
Dividend Daily03-Jun-20190.0065

 31-May-20190.0050
 30-May-20190.0003
 29-May-20190.0017
 28-May-20190.0019
 27-May-20190.0076
 24-May-20190.0026
 23-May-20190.0045
 22-May-20190.0016
 21-May-20190.0016
 20-May-20190.0061
 17-May-20190.0035
 16-May-20190.0001
 14-May-20190.0018
 13-May-20190.0021
 10-May-20190.0019
 09-May-20190.0016
 08-May-20190.0019
 07-May-20190.0027
 06-May-20190.0042
 02-May-20190.0015
 30-Apr-20190.0050
 26-Apr-20190.0010
 24-Apr-20190.0002
 22-Apr-20190.0042

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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dateSaturday, 04-Jul-2020
time04:00 PM - 05:00 PM

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