August 11, 2023
mayank
Sundaram Ultra Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 2,545.7460
Quarterly NAV IDCW: Rs 1,115.8394
NAV IDCW Monthly: Rs 1,065.0147
Daily NAV IDCW: Rs 1,006.1763
Suitable For Which Investors?
“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.”
Fund’s 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.
Fund Manager:
1) Dwijendra Srivastava
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.
2) Sandeep Agarwal
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.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Sundaram Ultra Short Duration Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.74% |
| Benchmark | NIFTY Ultra Short Duration Debt Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,683 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.18% |
| (As on 30-Jun-2023) | |
| Risk Grade | Low |
| Return Grade | Average |
Sundaram Ultra Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Ultra SD Dir | 4.53 | 0.01 | 0.59 | 1.81 | 3.74 | 7.00 | 4.93 | 4.70 | 5.45 | 6.60 |
| CCIL T Bill Liquidity Weight | 2.65 | 0.03 | 0.38 | 1.23 | 2.28 | 4.07 | 2.74 | 3.28 | 3.52 | 4.15 |
| Debt: Ultra Short Duration | 4.42 | 0.01 | 0.58 | 1.79 | 3.66 | 6.81 | 5.04 | 5.69 | 6.01 | 7.23 |
| Rank within category | 7 | 20 | 11 | 15 | 10 | 5 | 13 | 14 | 10 | 10 |
| Number of funds in category | 24 | 24 | 24 | 24 | 24 | 24 | 22 | 15 | 11 | 10 |
Sundaram Ultra Short Duration Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Sundaram Ultra SD Dir | 4 star | 7.00 | 4.93 | 4.70 | 0.18 | 1,683 | 6.74 | — | 10Y 7M |
| ICICI Pru Ultra ST Dir | 5 star | 7.05 | 5.54 | 6.76 | 0.39 | 13,815 | 8.08 | — | 10Y 7M |
| HDFC Ultra ST Dir | 4 star | 6.93 | 5.04 | — | 0.34 | 13,734 | 6.28 | — | 4Y 10M |
| Nippon Ind Ultra SD Dir | 5 star | 7.19 | 7.29 | 5.88 | 0.37 | 5,854 | 7.11 | — | 10Y 7M |
| Axis Ultra ST Dir | 4 star | 7.10 | 5.27 | — | 0.31 | 5,214 | 6.37 | — | 4Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 55 | 49 |
| Macaulay Duration (yrs) | 0.41 | 0.42 |
| Average Maturity (yrs) | 0.43 | 0.45 |
| Yield to Maturity (%) | 7.14 | 7.18 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Sundaram Ultra Short Duration Fund
Apply Online: https://www.sundarammutual.com/Fund/AllSchemes
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