Sundaram Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (19-Sep-24)
₹2760.050.05%1D
Returns (Since Inception)
6.74%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,909 Cr
Expense Ratio
0.24%
ISIN
INF173K01HI3
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Sundaram Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Sundaram Mutual Fund. This fund has been in existence for 11 years, 8 months and 19 days, having been launched on 01-Jan-13.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹2760.05, Assets Under Management (AUM) of 1908.67 Crores, and an expense ratio of 0.24%.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹2760.05, Assets Under Management (AUM) of 1908.67 Crores, and an expense ratio of 0.24%.
- Sundaram Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.74% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 25.98% in debts, and 73.78% in cash & cash equivalents.
- You can start investing in Sundaram Ultra Short Duration Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.63%
+6.42% (Cat Avg.)
3 Years
+6.28%
+5.56% (Cat Avg.)
5 Years
+5.60%
+5.52% (Cat Avg.)
10 Years
+6.22%
+5.55% (Cat Avg.)
Since Inception
+6.74%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹495.79 Cr | 25.98% |
| Others | ₹1,412.88 Cr | 74.02% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹83.39 Cr | 4.37% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹63.78 Cr | 3.34% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹63.69 Cr | 3.34% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹50.19 Cr | 2.63% |
| 364 DTB 12092024 | Bond - Gov't/Treasury | ₹49.9 Cr | 2.61% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.9 Cr | 2.61% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹49.17 Cr | 2.58% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹49.06 Cr | 2.57% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.96 Cr | 2.57% |
| LIC Housing Finance Limited | Cash - Commercial Paper | ₹48.94 Cr | 2.56% |
| Hsbc Investdirect Financial Services India Limited | Cash - Commercial Paper | ₹48.8 Cr | 2.56% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹48.5 Cr | 2.54% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹48.2 Cr | 2.53% |
| Muthoot Finance Ltd. | Cash - Commercial Paper | ₹48.07 Cr | 2.52% |
| Tata Motors Finance Limited | Cash - Commercial Paper | ₹48 Cr | 2.52% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹44.22 Cr | 2.32% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹39.32 Cr | 2.06% |
| Deutsche Investments India Private Limited | Cash - Commercial Paper | ₹39.16 Cr | 2.05% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹38.94 Cr | 2.04% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹38.73 Cr | 2.03% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹38.58 Cr | 2.02% |
| 91 DTB 05092024 | Bond - Gov't/Treasury | ₹36.97 Cr | 1.94% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹34.3 Cr | 1.80% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹31.86 Cr | 1.67% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹31.84 Cr | 1.67% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹29.72 Cr | 1.56% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹29.1 Cr | 1.52% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹24.98 Cr | 1.31% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.95 Cr | 1.31% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.83 Cr | 1.30% |
| HDB Financial Services Ltd. 7.5% | Bond - Corporate Bond | ₹24.83 Cr | 1.30% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹24.56 Cr | 1.29% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.56 Cr | 1.29% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.47 Cr | 1.28% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.35 Cr | 1.28% |
| National Bank for Agriculture and Rural Development | Cash - CD/Time Deposit | ₹24.28 Cr | 1.27% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.22 Cr | 1.27% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.21 Cr | 1.27% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹24.09 Cr | 1.26% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.07 Cr | 1.26% |
| Canara Bank | Bond - Gov't Agency Debt | ₹24.06 Cr | 1.26% |
| Pilani Investment And Industries Corporation Ltd. | Cash - Commercial Paper | ₹23.91 Cr | 1.25% |
| Indian Bank | Cash - CD/Time Deposit | ₹23.7 Cr | 1.24% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹23.26 Cr | 1.22% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹23.25 Cr | 1.22% |
| Treps | Cash - Repurchase Agreement | ₹21.46 Cr | 1.12% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹20 Cr | 1.05% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹20 Cr | 1.05% |
| The Federal Bank Limited | Cash - CD/Time Deposit | ₹19.37 Cr | 1.01% |
| Canfin Homes Limited | Bond - Corporate Bond | ₹16.06 Cr | 0.84% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹14.98 Cr | 0.78% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹14.51 Cr | 0.76% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹14.49 Cr | 0.76% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹14.47 Cr | 0.76% |
| Icici Securities Limited | Cash - Commercial Paper | ₹14.46 Cr | 0.76% |
| Dbs Bank India Limited | Cash - CD/Time Deposit | ₹14.44 Cr | 0.76% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹14.2 Cr | 0.74% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹10.02 Cr | 0.52% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹9.66 Cr | 0.51% |
| Cash And Other Net Current Assets^ | Cash | ₹8.19 Cr | 0.43% |
| 364 DTB 03102024 | Bond - Gov't/Treasury | ₹4.97 Cr | 0.26% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹4.83 Cr | 0.25% |
| Corporate Debt Market Development Fund - Class A2 | Mutual Fund - Open End | ₹4.69 Cr | 0.25% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹903.05 Cr | 47.31% |
| Bond - Corporate Bond | ₹384.65 Cr | 20.15% |
| Cash - Commercial Paper | ₹333.74 Cr | 17.49% |
| Bond - Gov't Agency Debt | ₹111.14 Cr | 5.82% |
| Bond - Gov't/Treasury | ₹91.85 Cr | 4.81% |
| Bond - Short-term Government Bills | ₹49.9 Cr | 2.61% |
| Cash - Repurchase Agreement | ₹21.46 Cr | 1.12% |
| Cash | ₹8.19 Cr | 0.43% |
| Mutual Fund - Open End | ₹4.69 Cr | 0.25% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.75%
Lower the better
Sharpe Ratio
This fund
1.12
Cat. avg.
-0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.38
Higher the better
Fund Managers
DS
Dwijendra Srivastava
Since May 2022
Sandeep Agarwal
Since January 2022
Additional Scheme Detailsas of 31st August 2024
ISIN | INF173K01HI3 | Expense Ratio | 0.24% | Exit Load | No Charges | Fund Size | ₹1,909 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹230.13 Cr | 6.8% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹698.70 Cr | 6.6% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1302.46 Cr | 7.4% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1302.46 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹341.12 Cr | 7.4% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹341.12 Cr | 6.7% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2143.69 Cr | 7.1% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7548.18 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹252.37 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹252.37 Cr | 7.6% |
About the AMC
Total AUM
₹65,883 Cr
Address
Sundaram Towers, Chennai, 600 014
Other Funds by Sundaram Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Sundaram Ultra Short Duration Fund Direct Growth?
The NAV of Sundaram Ultra Short Duration Fund Direct Growth, as of 19-Sep-2024, is ₹2760.05.
What are the returns of Sundaram Ultra Short Duration Fund Direct Growth?
The fund has generated 7.63% over the last 1 year and 6.28% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Sundaram Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 25.98% in bonds, and 73.78% in cash and cash equivalents.
Who manages the Sundaram Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Sundaram Ultra Short Duration Fund Direct Growth are:-
- Dwijendra Srivastava
- Sandeep Agarwal
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.