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Sundaram Ultra Short Duration Fund download report


1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.

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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable 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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(₹)
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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 1.23 0.01 0.09 0.30 0.61 1.29 2.45 3.71 3.72 4.88 6.25
CCIL T Bill Liquidity Weight 0.85 0.04 0.07 0.25 0.38 0.89 1.99 2.71 3.30 3.69 4.25
Debt: Ultra Short Duration 1.48 0.02 0.11 0.36 0.68 1.55 3.39 4.76 5.14 5.85 6.98
Rank within category 24 23 25 26 24 24 26 20 13 13 13
Number of funds in category 27 27 27 27 27 27 27 22 14 14 13

As on 24-Jun-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
1 star
Dec-07 2.45 3.71 3.72 1.44% 1,170
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
Nov-01 3.79 5.61 6.40 0.50% 15,213
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.40 5.09 -- 0.64% 13,805
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.31 4.91 5.99 0.49% 13,494
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 3.63 5.49 6.23 0.87% 13,152

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 3.68 0.54 0.34 1.05 1.16 1.12
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Ultra Short Duration 4.58 1.05 1.28 3.15 1.09 1.96
Rank within category 19 2 17 16 9 18
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 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 51 24 39
Modified Duration (yrs) 0.27 0.32 0.24 --
Average Maturity (yrs) 0.27 0.35 0.25 --
Yield to Maturity (%) 5.29 5.29 3.45 --
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 - 6.40 6.40
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 6.34 6.34
equal Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 6.34 6.34
equal Reliance Retail Ventures 138-D 20/06/2022 Commercial Paper A1+ 0.00 - 4.26 4.26
new Indian Bank 29/06/2022 Certificate of Deposit A1+ 0.00 - 4.26 4.26
equal Reserve Bank of India 182-D 14/07/2022 Treasury Bills SOV 0.00 - 4.25 4.25
equal Reserve Bank of India 182-D 21/07/2022 Treasury Bills SOV 0.00 - 4.25 4.25
equal 5.35% LIC Housing Fin. 20/03/2023 Debenture AAA 0.00 - 4.24 4.24
equal Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 4.21 4.21
equal Export-Import Bank 184-D 30/09/2022 Certificate of Deposit A1+ 0.00 - 4.20 4.20
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 2.14 2.14
new 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 2.14 2.14
equal JM Financial Services 181-D 02/06/2022 Commercial Paper A1+ 0.00 - 2.14 2.14
equal Axis Bank 16/06/2022 Certificate of Deposit A1+ 0.00 - 2.13 2.13
equal Astec Lifesciences 91-D 27/06/2022 Commercial Paper A1+ 0.00 - 2.13 2.13
equal 5.90% LIC Housing Fin. 2023 Zero Coupon Bonds AAA 0.00 - 2.13 2.13
equal Birla Group Holdings 91-D 28/07/2022 Commercial Paper A1+ 0.00 - 2.12 2.12
equal 5.64% Citicorp Finance 20/01/2024 Debenture AAA 0.00 - 2.12 2.12
new Reliance Retail Ventures 84-D 17/08/2022 Commercial Paper A1+ 0.00 - 2.11 2.11
equal Reliance Retail Ventures 182-D 07/09/2022 Commercial Paper A1+ 0.00 - 2.11 2.11
equal IIFL Wealth Prime 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 2.10 2.10
equal IIFL Wealth Management 189-D 05/09/2022 Commercial Paper A1+ 0.00 - 2.10 2.10
equal JM Financial Products 188-D 15/09/2022 Commercial Paper A1+ 0.00 - 2.10 2.10
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.10 2.10
new HDFC 155-D 27/10/2022 Commercial Paper A1+ 0.00 - 2.09 2.09

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-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 24-Jun-2022

Growth: ₹ 2,248.0593

IDCW Weekly: ₹ 1,019.1683

More

IDCW Quarterly: ₹ 1,065.3930

IDCW Monthly: ₹ 1,060.9588

IDCW Fortnightly: ₹ 1,059.9829

IDCW Daily: ₹ 1,005.4300


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: 6.46%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,170 Cr (As on 31-May-2022)
Expense: 1.44% (As on 31-May-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Jun-20220.1291

 23-Jun-20220.1380
 22-Jun-20220.1686
 21-Jun-20220.0928
 20-Jun-20220.3932
 17-Jun-20220.0025
 16-Jun-20220.0979
 15-Jun-20220.0736
 14-Jun-20220.0404
 13-Jun-20220.1754
 10-Jun-20220.1068
 09-Jun-20220.1029
 08-Jun-20220.2673
 06-Jun-20220.2288
 03-Jun-20220.1168
 02-Jun-20220.0838
 01-Jun-20220.1022
 31-May-20220.1226
 30-May-20220.2320
 27-May-20220.1420
 26-May-20220.1056
 25-May-20220.0191
 02-May-20220.2948
 29-Apr-20220.0362
 28-Apr-20220.0075
IDCW Fortnightly24-Jun-20221.3844

 10-Jun-20221.6261
 27-May-20220.6709
 29-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 Weekly24-Jun-20220.9345

 17-Jun-20220.3953
 10-Jun-20220.7158
 03-Jun-20220.6666
 27-May-20220.5668
 29-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
IDCW Monthly17-Jun-20223.0620

 17-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
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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