August 1, 2023
mayank
Sundaram Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 37.6023
Weekly NAV IDCW: Rs 12.2141
Monthly NAV IDCW: Rs 11.5235
Daily NAV IDCW: Rs 10.2279
NAV Bonus: Rs 18.8112
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
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) | 5,000 |
| Min. Addl Investment (Rs) | 5,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Sundaram Banking & PSU Debt Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 09-Jan-13 |
| Return Since Launch | 7.11% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 460 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.23% |
| (As on 30-Jun-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Sundaram Banking & PSU Debt Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Banking & PSU Debt Dir | 4.23 | 0.05 | 0.56 | 1.63 | 3.78 | 6.42 | 4.16 | 6.41 | 6.25 | 7.11 |
| CCIL T Bill Liquidity Weight | 2.53 | -0.02 | 0.35 | 1.19 | 2.25 | 4.00 | 2.71 | 3.29 | 3.51 | 4.17 |
| Debt: Banking and PSU | 4.27 | 0.05 | 0.53 | 1.59 | 3.81 | 6.67 | 4.84 | 7.21 | 7.16 | 7.89 |
| Rank within category | 14 | 7 | 11 | 10 | 16 | 18 | 17 | 16 | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 19 | 17 | 14 | 7 |
Sundaram Banking & PSU Debt 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 | |
| Bandhan Banking & PSU Debt Dir | 5 star | 6.73 | 4.93 | 7.79 | 0.32 | 15,077 | 7.82 | — | 10Y 4M |
| Axis Banking & PSU Debt Dir | 4 star | 6.31 | 4.84 | 7.33 | 0.34 | 14,715 | 7.86 | — | 10Y 7M |
| ABSL Banking & PSU Debt Dir | 4 star | 6.84 | 5.11 | 7.50 | 0.36 | 8,381 | 8.53 | — | 10Y 7M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 7.82 | 5.67 | 7.46 | 0.39 | 8,127 | 8.22 | — | 10Y 7M |
Portfolio Breakup of Sundaram Banking & PSU Debt Fund
| Fund | Category | |
| Number of Securities | 23 | 55 |
| Macaulay Duration (yrs) | 2.40 | 2.63 |
| Average Maturity (yrs) | 2.67 | 3.86 |
| Yield to Maturity (%) | 7.43 | 7.46 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Sundaram Banking & PSU Debt Fund
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