Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.
Taxability of earnings:
|Debt: Medium Duration||0.01||-0.20||-0.29||0.75||0.95||2.03||4.06||5.31||6.49||7.31||7.44|
|Rank within category||13||15||14||14||9||11||5||10||8||6||6|
|Number of funds in category||18||19||19||17||17||17||16||15||12||9||8|
As on 16-Jan-2020
|Best (Period)||Worst (Period)|
|Week||-- ( - )||-- ( - )|
|Month||8.15 (18-Nov-2008 - 18-Dec-2008)||-5.53 (19-Jul-2013 - 19-Aug-2013)|
|Quarter||9.61 (06-Oct-2008 - 05-Jan-2009)||-8.23 (20-May-2013 - 19-Aug-2013)|
|Year||18.94 (28-Nov-2000 - 28-Nov-2001)||-2.26 (16-Oct-2003 - 15-Oct-2004)|
|Debt: Medium Duration||5.31||3.10||0.11||0.41||0.57||-0.63|
|Rank within category||9||7||10||10||15||10|
|Number of funds in category||16||16||16||16||16||16|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2019
|Fund||1Y High||1Y Low||Category|
|Number of Securities||18||23||17||48|
|Modified Duration (yrs)||3.28||3.82||3.02||3.02|
|Average Maturity (yrs)||5.50||6.47||3.97||4.28|
|Yield to Maturity (%)||7.71||9.26||7.71||9.18|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.12% National Bank Agr. Rur. Devp 2033||Debenture||AAA||5.43 - 6.64||6.64|
|7.99% State Bank of India 28/06/2029||Non Convertible Debenture||AAA||0.00 - 6.47||6.47|
|9.55% Hindalco Inds. 27/07/2022||Bonds/NCDs||AA||5.57 - 6.46||6.46|
|8.55% Bank of Baroda 14/02/2029||Non Convertible Debenture||AAA||0.00 - 6.46||6.46|
|8.23% HUDCO 15/04/2022||Non Convertible Debenture||AAA||0.00 - 6.46||6.46|
|8.58% HDFC 18/03/2022||Debenture||AAA||0.00 - 7.48||6.44|
|7.99% LIC Housing Fin. 2029||Non Convertible Debenture||AAA||0.00 - 6.32||6.32|
|7.05% National Housing Bank 18/12/2024||Non Convertible Debenture||AAA||0.00 - 6.30||6.30|
|7.55% IRFC 2029||Debenture||AAA||0.00 - 6.27||6.27|
|9.75% Uttar Pradesh Power Corporation 20/10/2020||Debenture||A+||5.46 - 6.27||6.27|
|6.45% GOI 2029||GOI Securities||SOV||0.00 - 6.22||6.22|
|Reserve Bank of India 76-D 17/03/2020||Cash Management Bill||SOV||0.00 - 6.20||6.20|
|8.80% Cholamandalam Invest. & Fin. 15/06/2027||Debenture||AA+||5.09 - 5.87||5.87|
|Reliance Retail Ltd. 28/06/2021||Securitised Debt||AAA||2.19 - 2.58||2.58|
|Yes Bank||Bonds/NCDs||BBB||0.00 - 2.01||2.01|
|Reliance Retail Ltd. 28/12/2020||Securitised Debt||AAA||1.10 - 1.28||1.28|
|10.50% Sunny View Estates 2021||Debenture||A||0.00 - 0.84||0.84|
|8.50% Vedanta 2021||Debenture||AA||0.64 - 1.09||0.75|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
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.
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.
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The scheme seeks to generate income and capital appreciation by investing in Fixed Income Securities and Money Market Instruments.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||250|
|Minimum No of Cheques||20|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||1|
|Exit Load||1% for redemption within 365 days|
|Fund House:||Sundaram Mutual Fund|
|Return Since Launch:||7.99%|
|Benchmark:||CRISIL Medium Term Debt|
|Assets:||₹ 80 Cr (As on 31-Dec-2019)|
|Expense:||2.16% (As on 31-Dec-2019)|
|Risk Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
|Dividend Half Yearly||26-Sep-2019||0.2161|
AMC: Sundaram Asset Management Company Ltd
Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014
Email: [email protected]
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
Email: [email protected]