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2 star#

Sundaram Ultra Short Duration Fund download report

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Debt: Ultra Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
Sundaram Ultra Short Duration Term-G 0.87 0.01 0.07 0.03 0.50 1.14 2.30 3.79 3.78 4.95 6.32
CCIL T Bill Liquidity Weight 0.59 0.04 0.04 -0.01 0.29 0.85 1.92 2.78 3.34 3.74 4.29
Debt: Ultra Short Duration 1.05 0.01 0.08 -0.01 0.57 1.41 3.29 4.72 5.19 5.91 7.04
Rank within category 24 23 23 7 24 24 26 19 13 13 13
Number of funds in category 27 27 27 27 27 27 27 21 14 14 13

As on 20-May-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Ultra Short Duration Fund
2 star#
 Dec-07 2.30 3.79 3.78 1.44% 1,311
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
 Nov-01 3.70 5.73 6.50 0.49% 16,314
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
 May-99 3.18 5.02 6.03 0.49% 14,144
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
 Sep-18 3.28 5.19 -- 0.64% 14,076
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
 May-11 3.59 5.62 6.32 0.87% 13,266

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.58 24-Mar-2020 - 31-Mar-2020 -3.48 18-Sep-2018 - 25-Sep-2018
Month 1.00 08-Aug-2013 - 09-Sep-2013 -5.17 27-Aug-2018 - 26-Sep-2018
Quarter 2.85 24-Jul-2013 - 23-Oct-2013 -4.09 02-Aug-2018 - 01-Nov-2018
Year 10.23 24-Jul-2013 - 24-Jul-2014 0.52 25-Sep-2017 - 25-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Sundaram Ultra Short Duration Term-G 3.89 0.57 0.63 1.98 1.29 1.23
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Ultra Short Duration 4.80 1.07 1.54 4.68 1.09 2.01
Rank within category 19 4 16 16 12 16
Number of funds in category 21 21 21 21 21 21

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

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 51 24 41
Modified Duration (yrs) 0.27 0.32 0.24 0.35
Average Maturity (yrs) 0.30 0.35 0.25 0.38
Yield to Maturity (%) 4.42 4.42 3.45 4.50
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
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 5.72 5.72
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 5.65 5.65
up Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 5.64 5.64
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 3.81 3.81
equal Birla Group Holdings 91-D 18/05/2022 Commercial Paper A1+ 0.00 - 3.80 3.80
equal Kotak Mahindra Bank 15/06/2022 Certificate of Deposit A1+ 0.00 - 3.79 3.79
equal Reliance Retail Ventures 138-D 20/06/2022 Commercial Paper A1+ 0.00 - 3.79 3.79
equal Canara Bank 23/06/2022 Certificate of Deposit A1+ 0.00 - 3.79 3.79
equal Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 3.78 3.78
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 3.78 3.78
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 3.75 3.75
equal Export-Import Bank 184-D 30/09/2022 Certificate of Deposit A1+ 0.00 - 3.74 3.74
equal Godrej Agrovet 105-D 31/05/2022 Commercial Paper A1+ 0.00 - 3.04 3.04
equal 7.21% HDFC 30/12/2022 Debenture AAA 0.00 - 2.02 1.93
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.01 1.92
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 1.99 1.91
equal 5.64% Citicorp Finance 20/01/2024 Debenture AAA 0.00 - 1.98 1.90
equal Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal JM Financial Services 181-D 02/06/2022 Commercial Paper A1+ 0.00 - 1.93 1.90
equal Axis Bank 16/06/2022 Certificate of Deposit A1+ 0.00 - 1.90 1.90
equal Astec Lifesciences 91-D 27/06/2022 Commercial Paper A1+ 0.00 - 1.89 1.89
new Birla Group Holdings 91-D 28/07/2022 Commercial Paper A1+ 0.00 - 1.89 1.89
equal Reliance Retail Ventures 182-D 07/09/2022 Commercial Paper A1+ 0.00 - 1.88 1.88
equal IIFL Wealth Management 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 1.87 1.87
equal IIFL Wealth Prime 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 1.87 1.87

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 30-Apr-2022

Fund Manager

— Dwijendra Srivastava since 16-May-2022

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:

— Sandeep Agarwal since 01-Jan-2022

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:

0.01%

Change from previous, NAV as on 20-May-2022

Growth: ₹ 2,240.0294

IDCW Weekly: ₹ 1,018.7990

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IDCW Quarterly: ₹ 1,061.5890

IDCW Monthly: ₹ 1,060.2230

IDCW Fortnightly: ₹ 1,059.6412

IDCW Daily: ₹ 1,004.7736

Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 28-Dec-2007
Return Since Launch: 6.49%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,311 Cr (As on 30-Apr-2022)
Expense: 1.44% (As on 31-Mar-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly17-May-20220.8756

 13-Apr-20222.1722
 16-Mar-20222.0305
 17-Feb-20222.2947
 14-Jan-20221.4775
 17-Dec-20212.0886
 17-Nov-20212.6042
 14-Oct-20211.5780
 17-Sep-20212.4671
 17-Aug-20212.7498
 16-Jul-20212.6531
 17-Jun-20212.3140
 17-May-20212.7148
 16-Apr-20213.0984
 17-Mar-20211.8513
 17-Feb-20212.3693
 15-Jan-20211.6954
 17-Dec-20201.9664
 17-Nov-20202.6445
 16-Oct-20203.3566
 17-Sep-20202.0259
 17-Aug-20202.1919
 17-Jul-20204.0080
 17-Jun-20205.1367
 15-May-20204.5975
IDCW Daily02-May-20220.2948

 29-Apr-20220.0362
 28-Apr-20220.0075
 27-Apr-20220.0736
 26-Apr-20220.0401
 25-Apr-20220.2649
 22-Apr-20220.0497
 21-Apr-20220.1572
 20-Apr-20220.1615
 19-Apr-20220.1876
 18-Apr-20220.3007
 07-Apr-20220.1525
 06-Apr-20220.1028
 05-Apr-20220.0929
 04-Apr-20220.4486
 31-Mar-20220.2265
 30-Mar-20220.0907
 29-Mar-20220.0912
 28-Mar-20220.2526
 25-Mar-20220.1158
 24-Mar-20220.1327
 23-Mar-20220.0598
 22-Mar-20220.0767
 21-Mar-20220.3592
 17-Mar-20220.1123
IDCW Fortnightly29-Apr-20221.5986

 08-Apr-20221.4116
 25-Mar-20221.3102
 11-Mar-20220.8368
 25-Feb-20221.1803
 11-Feb-20221.0633
 28-Jan-20220.7636
 14-Jan-20221.2789
IDCW Weekly29-Apr-20220.4284

 22-Apr-20221.0153
 13-Apr-20220.2325
 08-Apr-20220.6594
 30-Mar-20220.4436
 25-Mar-20220.7546
 17-Mar-20220.7075
 11-Mar-20220.4598
 04-Mar-20220.3155
 25-Feb-20220.4076
 18-Feb-20220.7207
 11-Feb-20220.7963
 27-Jan-20220.4144
 20-Jan-20220.3040
 14-Jan-20220.5913
 14-Jan-20220.5913
 07-Jan-20220.6390
 29-Dec-20210.7661
 22-Dec-20210.2896
 15-Dec-20210.3856
 08-Dec-20210.6026
 01-Dec-20210.5401
 24-Nov-20210.3332
 17-Nov-20210.6656
 10-Nov-20210.8847
IDCW Quarterly28-Mar-20227.5000

Contact Information

AMC: Sundaram Asset Management Company Ltd

Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014

Phone: 1860-425-7237

Website: http://www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies 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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