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Sundaram Low Duration Fund - Regular Plan


1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.20 Lakh

Analyst's Choice?

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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(₹)
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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 1.38 -0.01 0.06 0.76 1.77 3.69 -2.32 3.67 5.37 6.51 7.14
CCIL T Bill Liquidity Weight 0.53 0.01 0.02 0.29 0.84 1.78 4.06 4.10 4.46 4.77 4.71
Debt: Low Duration 0.89 0.00 0.08 0.61 1.12 2.63 2.08 5.23 6.30 7.03 7.22
Rank within category 3 25 22 5 5 10 19 19 18 17 10
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.50 (29-Mar-2016 - 05-Apr-2016) -5.44 (03-Jun-2019 - 10-Jun-2019)
Month 1.27 (30-Aug-2013 - 01-Oct-2013) -5.05 (03-Jun-2019 - 03-Jul-2019)
Quarter 3.15 (24-Jul-2013 - 23-Oct-2013) -7.60 (31-May-2019 - 30-Aug-2019)
Year 10.34 (26-Jul-2013 - 28-Jul-2014) -2.64 (10-Jan-2019 - 10-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.60 4.02 -0.51 -0.22 0.32 -1.56
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 18 18 23 23 1 23
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 54 37 52
Modified Duration (yrs) 0.98 1.00 0.52 0.74
Average Maturity (yrs) 1.45 1.45 0.67 0.92
Yield to Maturity (%) 6.08 8.46 6.06 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Tata Power Renewable Energy 87-D 27/02/2020 Commercial Paper A1+ 0.00 - 6.49 6.49
new 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 5.44 5.44
equal National Bank Agr. Rur. Devp 2020 Certificate of Deposit A1+ 0.00 - 8.40 5.41
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 5.40 5.40
equal Export-Import Bank 27/03/2020 Certificate of Deposit A1+ 0.00 - 5.39 5.39
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 4.33 4.33
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 1.46 - 4.31 4.31
equal 7.99% LIC Housing Fin. 2029 Non Convertible Debenture AAA 0.00 - 3.30 3.30
equal Ujjivan Small Finance Bank 28/02/2020 Certificate of Deposit A1+ 0.00 - 3.25 3.25
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 8.43 2.59
equal 8.10% Power Finance Corp. 2024 Non Convertible Debenture AAA 0.00 - 2.24 2.24
new 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 2.18 2.18
equal Muthoot Finance 365-D 20/02/2020 Commercial Paper A1+ 0.00 - 2.17 2.17
equal SIDBI 2020 Commercial Paper A1+ 0.00 - 4.76 2.16
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 2.16 2.16
equal Punjab National Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 2.16 2.16
equal Axis Bank 20/08/2020 Certificate of Deposit A1+ 0.00 - 2.11 2.11
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 2.07 2.07
down REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 7.22 1.95
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 3.67 1.76
equal 7.24% LIC Housing Fin. 23/08/2021 Non Convertible Debenture AAA 0.00 - 1.74 1.74
up 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.07 - 1.32 1.32
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 1.12 1.12
equal 8.23% HUDCO 15/04/2022 Non Convertible Debenture AAA 0.38 - 2.16 1.12
equal 8.40% SIDBI 2021 Debenture AAA 0.38 - 1.30 1.12

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

— 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:


-0.01%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 24.6380

Dividend Weekly: ₹ 11.2758

More

Dividend Quarterly: ₹ 11.2569

Dividend Monthly: ₹ 10.5318

Dividend Fortnightly: ₹ 10.4617

Dividend Daily: ₹ 9.5924

Bonus: ₹ 14.1043


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: 7.27%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 460 Cr (As on 31-Jan-2020)
Expense: 0.69% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Weekly20-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
 13-Dec-20190.0011
 29-Nov-20190.0115
 22-Nov-20190.0076
 07-Nov-20190.0037
 01-Nov-20190.0115
 25-Oct-20190.0080
 18-Oct-20190.0125
 11-Oct-20190.0111
 04-Oct-20190.0095
 27-Sep-20190.0068
 13-Sep-20190.0070
 06-Sep-20190.0085
 19-Jul-20190.0165
 12-Jul-20190.0174
 05-Jul-20190.0187
Dividend Fortnightly14-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
 22-Feb-20190.0181
 08-Feb-20190.0170
 25-Jan-20190.0227
 11-Jan-20190.0271
 28-Dec-20180.0299
 14-Dec-20180.0272
 30-Nov-20180.0429
Dividend Monthly31-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
 27-Oct-20170.0353
 29-Sep-20170.0445
 24-Aug-20170.0325
 28-Jul-20170.0421
 30-Jun-20170.0409
Dividend Quarterly30-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: 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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