August 10, 2023
mayank
Sundaram Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.1275
Quarterly NAV IDCW: Rs 11.7266
Monthly NAV IDCW: Rs 11.1958
NAV IDCW Daily: Rs 10.0620
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. 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.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income by investing in a portfolio comprising of Money Market instruments having maturity up to one year.
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) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Sundaram Money Market Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 26-Sep-18 |
| Return Since Launch | 5.75% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 131 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.25% |
| (As on 30-Jun-2023) | |
| Risk Grade | — |
| Return Grade | Average |
Sundaram Money Market Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Money Mkt Dir | 4.35 | 0.02 | 0.59 | 1.75 | 3.65 | 6.75 | 4.66 | — | — | — |
| CCIL T Bill Liquidity Weight | 2.62 | -0.01 | 0.35 | 1.21 | 2.30 | 4.04 | 2.72 | — | — | — |
| Debt: Money Market | 4.53 | 0.02 | 0.62 | 1.83 | 3.79 | 6.95 | 4.92 | — | — | — |
| Rank within category | 19 | 22 | 22 | 19 | 19 | 16 | 15 | — | — | — |
| Number of funds in category | 22 | 23 | 22 | 22 | 22 | 21 | 17 | 13 | 12 | 12 |
Sundaram Money Market 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 Money Mkt Dir | 3 star | 6.75 | 4.66 | — | 0.25 | 131 | 5.75 | — | 4Y 10M |
| HDFC Money Mkt Dir | 4 star | 7.16 | 5.07 | 6.34 | 0.21 | 18,870 | 7.28 | — | 10Y 7M |
| ABSL Money Manager Dir | 4 star | 7.21 | 5.14 | 6.38 | 0.21 | 15,637 | 7.38 | — | 10Y 7M |
| Tata Money Mkt Dir | 5 star | 7.29 | 5.24 | 4.78 | 0.17 | 12,928 | 6.56 | — | 10Y 7M |
| Nippon Ind Money Mkt Dir | 5 star | 7.16 | 5.12 | 6.24 | 0.24 | 11,445 | 7.27 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 15 | 57 |
| Macaulay Duration (yrs) | 0.52 | 0.48 |
| Average Maturity (yrs) | 0.52 | 0.48 |
| Yield to Maturity (%) | 7.05 | 7.17 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Sundaram Money Market Fund
Apply Online: https://www.sundarammutual.com/Fund/AllSchemes
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