Sundaram Short Duration Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 30, 2024
44.500.01%
- Growth - Direct
(Earn upto 0.55% Extra Returns with Direct Plan)
Fund Category:
Debt: Short Duration
Expense Ratio:
0.29%(0.33% Category
average)Fund Size:
Rs. 192.76 Cr(0.18% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Sundaram Short Duration Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 30, 2024
44.500.01%
Expense Ratio:
0.29%
Fund Size:
Rs. 192.76 Cr
Fund Category:
Debt: Short Duration
1. Current NAV: The Current Net Asset Value of the Sundaram Short Duration Fund - Direct Plan as of Aug 30, 2024 is Rs 44.50 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.94% (1yr), 8.49% (3yr), 8.08% (5yr) and 7.47% (since launch). Whereas, Category returns for the same time duration are: 7.36% (1yr), 5.75% (3yr) and 6.2% (5yr).
3. Fund Size: The Sundaram Short Duration Fund - Direct Plan currently holds Assets under Management worth of Rs 192.76 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.29% for Direct plan as on Aug 25, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 250.
Sundaram Short Duration Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.70 2.15 4.07 7.86 8.46 8.09 Category Avg 0.65 2.07 3.83 7.30 5.73 6.20 Rank within Category 14 21 21 18 2 2 No. of funds within Category 25 25 25 25 23 21 - Loading...
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Return Comparison
- This Fund
- BenchmarkUTI Short Duration Direct-G
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Sundaram Short Duration Fund Direct-Growth Fund Details
Investment Objective - The fund aims to generate income and capital appreciation from a portfolio of debt and money market instruments. The fund can be slotted between a cash fund and a bond fund.
Fund House | Sundaram Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY Short Duration Debt Index B-II |
Return Since Launch | 7.46% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | Average |
Return Grade | High |
Sundaram Short Duration Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 250.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 2.8 | 3.2165 | 1.61 | 2.7111 |
Average Maturity(Yrs) | 3.86 | 5.315 | 1.93 | 3.6405 |
Yield to Maturity(%) | 7.31 | 8.05 | 2.75 | 7.3227 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 34.21 | 34.27 |
Low Risk | 50.06 | 56.25 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 15.73 | 9.44 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 31.59 | 28.01 |
CD | 7.50 | 3.63 |
T-Bills | - | 0.60 |
CP | - | 0.62 |
NCD & Bonds | 42.55 | 48.96 |
PTC | - | 0.33 |
Cash & Others | 18.35 | 17.68 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 304.32 | 15.79 | - |
GOI | Long-term Debt | Sovereign | SOV | 152.85 | 7.93 | - |
7.69% REC Ltd 31/03/2033 | Long-term Debt | Financial | AAA | 101.37 | 5.26 | 1,000 |
7.38% GOI 20/06/2027 | Long-term Debt | Sovereign | SOV | 101.41 | 5.26 | 10,00,000 |
Power Finance Corporation Ltd | Long-term Debt | Financial | AAA | 100.74 | 5.23 | - |
7.62% National Bank For Agriculture & Rural Development 10/05/2029 | Long-term Debt | Financial | AAA | 100.28 | 5.20 | 1,000 |
7.47% Small Industries Devp Bank of India Ltd 25/11/2025 | Long-term Debt | Financial | AAA | 99.63 | 5.17 | 100 |
8.9% Bharti Telecom Ltd 04/12/2025 | Long-term Debt | Communication | AA+ | 70.18 | 3.64 | 700 |
7.44% Tamilnadu State 20/03/2034 | Long-term Debt | Others | SOV | 50.55 | 2.62 | 5,00,000 |
GOI | Long-term Debt | Sovereign | SOV | 50.25 | 2.61 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Sundaram Short Duration Fund Direct-Growth 44.50 192.76 0.70 7.86 8.46 8.09 UTI Short Duration Direct-Growth 31.42 2,745.43 0.65 8.12 7.85 8.07 Axis Short Term Direct Fund-Growth 31.26 8,413.57 0.71 8.08 6.23 7.08 Baroda BNP Paribas Short Duration Direct Fund-Growth 29.46 225.39 0.69 8.01 6.03 6.65 ICICI Prudential Short Term Fund Direct Plan-Growth 60.99 18,403.28 0.70 8.26 6.87 7.67
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
3.91VS1.70Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
-0.22VS1.86Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.68VS0.31Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
-11.79VS0.04Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
2.19VS4.54Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
8.18VS6.28Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Sundaram Mutual Fund News
Fund Manager
- D.S.Dwijendra SrivastavaSince Jan 202224 schemes
- S.A.Sandeep AgarwalSince Jan 202212 schemes
Mr. Srivastava is B.Tech , PGDM (Finance) and CFA. 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.
Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS. Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Sundaram Low Duration Fund Direct-Growth Low Duration 3,465.69 379.61 7.50 Sundaram Ultra Short Duration Fund Direct-Growth Ultra Short Duration 2,748.94 1,828.01 7.56 Sundaram Liquid Direct-Growth Liquid 2,197.04 5,595.14 7.44 Sundaram Aggressive Hybrid Fund Direct-Growth Aggressive Hybrid 182.77 5,191.82 31.69 Sundaram Overnight Fund Direct - Growth Overnight 1,306.92 666.35 6.80 Sundaram Corporate Bond Fund Direct-Growth Corporate Bond 38.68 710.05 7.81 Sundaram Banking & PSU Fund Direct-Growth Banking and PSU 40.70 331.24 7.78 Sundaram Money Market Fund Direct - Growth Money Market 14.16 218.03 7.43 Sundaram Conservative Hybrid Fund Direct Plan-Growth Conservative Hybrid 31.22 26.82 12.46 Sundaram Medium Duration Fund Direct-Growth Medium Duration 72.36 42.61 7.00 Sundaram Business Cycle Fund Direct - Growth Thematic 10.67 Unrated 1,331.05 - Sundaram Multi Asset Allocation Fund Direct - Growth Multi Asset Allocation 11.64 Unrated 2,310.19 -
More Sundaram Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Sundaram Mid Cap Fund Direct-Growth | 11,017.41 | 7.19 | 20.03 | 23.53 | 58.06 | 28.35 | |
Sundaram Large and Mid Cap Fund Direct-Growth | 6,451.55 | 6.08 | 16.30 | 18.20 | 40.04 | 20.96 | |
Sundaram Liquid Direct-Growth | 5,651.16 | 0.61 | 1.89 | 3.78 | 7.37 | 5.81 | |
Sundaram Aggressive Hybrid Fund Direct-Growth | 4,643.67 | 4.62 | 8.70 | 13.80 | 28.65 | 15.97 | |
Sundaram Large Cap Fund Direct - Growth | 3,376.64 | 4.43 | 6.76 | 11.38 | 28.89 | 16.94 | |
Sundaram Services Fund Direct - Growth | 3,358.02 | 6.97 | 10.44 | 9.69 | 32.16 | 20.88 | |
Sundaram Small Cap Fund Direct-Growth | 3,108.53 | 6.59 | 18.27 | 15.45 | 47.43 | 27.76 | |
Sundaram Multi Cap Fund Direct-Growth | 2,566.75 | 5.83 | 16.05 | 16.65 | 43.40 | 22.01 | |
Sundaram Multi Asset Allocation Fund Direct - Growth | 2,181.68 | 2.23 | 7.77 | - | - | - | |
Sundaram Flexi Cap Fund Direct - Growth | 2,064.78 | 4.78 | 10.00 | 11.36 | 29.81 | - |
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1. Sundaram Short Duration Fund - Direct Plan is Open-ended Short Duration Debt scheme which belongs to Sundaram Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The fund aims to generate income and capital appreciation from a portfolio of debt and money market instruments. The fund can be slotted between a cash fund and a bond fund. "
2. It is benchmarked against NIFTY Short Duration Debt Index B-II.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Sundaram Short Duration Fund - Direct Plan is 3.86 years and Duration is 2.80401958 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Sundaram Short Duration Fund Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Sundaram Short Duration Fund Direct-Growth
- Is it safe to invest in Sundaram Short Duration Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Sundaram Short Duration Fund - Direct Plan comes under Moderate risk category.
- What is the category of Sundaram Short Duration Fund - Direct Plan?Sundaram Short Duration Fund - Direct Plan belongs to the Debt : Short Duration category of funds.
- How Long should I Invest in Sundaram Short Duration Fund - Direct Plan?The suggested investment horizon of investing into Sundaram Short Duration Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Sundaram Short Duration Fund - Direct Plan?The Sundaram Short Duration Fund - Direct Plan is managed by Dwijendra Srivastava (Since Jan 01, 2022) and Sandeep Agarwal (Since Jan 01, 2022).
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