August 1, 2023
mayank
Sundaram Corporate Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 35.7177
NAV IDCW Yearly: Rs 16.1656
Quarterly NAV IDCW: Rs 17.8909
Monthly NAV IDCW: Rs 16.1267
NAV IDCW Half Yearly: Rs 16.2214
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 investing predominantly in AA+ and above rated corporate 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) | 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 |
Basic Details of Sundaram Corporate Bond Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 13-May-13 |
| Return Since Launch | 7.53% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 892 Cr |
| (As on 30-Jun-2023) | |
| Expense | 0.28% |
| (As on 30-Jun-2023) | |
| Risk Grade | Low |
| Return Grade | Average |
Sundaram Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Corp Bond Dir | 3.79 | 0.07 | 0.56 | 1.50 | 3.24 | 6.19 | 4.79 | 7.58 | 7.17 | 8.43 |
| VR Bond | 4.24 | 0.01 | 0.40 | 1.40 | 3.75 | 7.24 | 3.95 | 5.99 | 5.73 | 6.74 |
| Debt: Corporate Bond | 4.33 | 0.05 | 0.55 | 1.66 | 3.86 | 6.79 | 4.91 | 7.10 | 7.04 | 7.95 |
| Rank within category | 21 | 1 | 8 | 19 | 22 | 19 | 10 | 5 | 7 | 1 |
| Number of funds in category | 21 | 22 | 22 | 22 | 22 | 21 | 19 | 15 | 13 | 10 |
Sundaram Corporate Bond 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 Corp Bond Dir | 4 star | 6.19 | 4.79 | 7.58 | 0.28 | 892 | 7.53 | — | 10Y 2M |
| ICICI Pru Corp Bond Dir | 5 star | 7.98 | 5.62 | 7.63 | 0.32 | 21,926 | 8.23 | — | 10Y 7M |
| ABSL Corp Bond Dir | 4 star | 7.18 | 5.40 | 7.69 | 0.31 | 17,608 | 8.23 | — | 10Y 7M |
| Axis Corp Debt Dir | 5 star | 7.20 | 5.59 | 7.31 | 0.24 | 4,814 | 7.38 | — | 6Y |
| Nippon Ind Corp Bond Dir | 5 star | 7.55 | 6.08 | 7.18 | 0.34 | 2,438 | 7.95 | — | 10Y 7M |
Portfolio Breakup of Sundaram Corporate Bond Fund
| Fund | Category | |
| Number of Securities | 32 | 67 |
| Macaulay Duration (yrs) | 2.65 | 2.69 |
| Average Maturity (yrs) | 3.32 | 3.48 |
| Yield to Maturity (%) | 7.40 | 7.53 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Sundaram Corporate Bond Fund
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