August 10, 2023
mayank
Sundaram Low Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,211.6158
Weekly NAV IDCW: Rs 1,005.8533
NAV IDCW Quarterly: Rs 1,153.5836
Monthly NAV IDCW: Rs 1,099.5022
NAV IDCW Daily: Rs 1,009.6449
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. 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 is negligible but they do not guarantee returns or safety of capital. 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.”
Fund’s Investment Strategy:
The scheme will maintain a judicious mix of cash, short term and medium term 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) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Sundaram Low Duration Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.10% |
| Benchmark | NIFTY Low Duration Debt Index B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 416 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.33% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | High |
Sundaram Low Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Low Duration Dir | 4.62 | 0.02 | 0.64 | 1.82 | 3.78 | 7.17 | 7.58 | 5.33 | 5.94 | 7.00 |
| CCIL T Bill Liquidity Weight | 2.62 | -0.01 | 0.35 | 1.21 | 2.30 | 4.04 | 2.72 | 3.28 | 3.52 | 4.15 |
| Debt: Low Duration | 4.58 | 0.02 | 0.66 | 1.83 | 3.85 | 7.04 | 5.34 | 5.99 | 6.38 | 7.24 |
| Rank within category | 8 | 15 | 10 | 9 | 15 | 5 | 1 | 18 | 16 | 13 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
Sundaram Low 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 Low Duration Dir | 5 star | 7.17 | 7.58 | 5.33 | 0.33 | 416 | 7.10 | — | 10Y 7M |
| HDFC Low Duration Dir | 4 star | 7.54 | 5.63 | 6.86 | 0.43 | 15,908 | 7.69 | — | 10Y 7M |
| ABSL Low Duration Dir | 4 star | 7.33 | 5.62 | 7.06 | 0.39 | 12,577 | 8.02 | — | 10Y 7M |
| Nippon Ind Low Duration Dir | 4 star | 7.03 | 5.65 | 6.57 | 0.38 | 7,445 | 7.65 | — | 10Y 7M |
| Axis Treasury Advtg Dir | 4 star | 7.08 | 5.21 | 6.68 | 0.29 | 5,865 | 7.7 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 35 | 66 |
| Macaulay Duration (yrs) | 0.67 | 0.82 |
| Average Maturity (yrs) | 0.81 | 1.02 |
| Yield to Maturity (%) | 7.31 | 7.38 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Sundaram Low Duration Fund
Apply Online: https://www.sundarammutual.com/Fund/AllSchemes
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