Sundaram Banking & PSU Fund Direct Growth
NAV as on 09-05-2025
₹ 43.31
Inception Returns
7.3%
/yr
Historical NAV & Returns
Absolute
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13 people have invested ₹ 82.6K in Sundaram Banking & PSU Fund Direct Growth in the last three months
About Sundaram Banking & PSU Fund Direct Growth
Sundaram Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Dwijendra Srivastava, Sandeep Agarwal. This fund is suitable to keep your money safe.
Key Parameters
- Sundaram Banking & PSU Fund Direct Growth has ₹353 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Sundaram Banking & PSU Fund Direct Growth has given a CAGR return of 7.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.39%, 7.53% and 6.02% respectively.
Holdings
Sundaram Banking & PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, Indian Oil Corporation Limited, 6.79% Govt Stock 2034, Rural Electrification Corporation Limited, HDFC Bank Limited
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Sundaram Banking & PSU Fund Direct Growth
To generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 250.00. Sundaram Banking & PSU Fund Direct Growth has no lock in period.
Sundaram Banking & PSU Fund Direct Growth Overview
| Expense ratio | 0.27% |
Benchmark | NIFTY Banking & PSU Debt TR INR |
| AUM | ₹353 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹250 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 111% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
100%
Sector Allocation
Corporate
51.4%
Government
42%
Cash Equivalent
6.6%
All changes are between Oct'69 and Dec'69
- AUM of the fund stands at 352.7 Cr as of Mar'25
- AUM increased by 15.3 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Rural Electrification Corporation Limited's allocation increased from 1.49% to 7.46%
Small Industries Development Bank Of India's allocation increased from 1.48% to 5.95%
Indian Oil Corporation Limited's allocation increased from 5.26% to 8.97%
Top Stocks sold last month
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 4.49 %
National Bank For Agriculture And Rural Development's allocation decreased from 5.26 % to 4.45 %
Indian Railway Finance Corporation Limited's allocation decreased from 5.26 % to 4.45 %
Cash allocation has gone up from 5.1% to 9.2%
Debt allocation has gone down from 94.6% to 90.4%
Top 2 Sectors in March were Corporate, Government
Mar'25
Corporate
51%
Government
42%
Feb'25
Corporate
51%
Government
42%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 9.17% | -33.3% | |
Indian Oil Corporation Limited | 7.63% | 0% | |
6.79% Govt Stock 2034 | 6.44% | 0% | |
Rural Electrification Corporation Limited | 6.37% | 0% | |
HDFC Bank Limited | 6.35% | 0% | |
National Housing Bank | 5.09% | 0% | |
Small Industries Development Bank Of India | 5.04% | 0% | |
Power Finance Corporation Limited | 4.96% | 0% | |
National Bank For Agriculture And Rural Development | 3.84% | 0% | |
Export-Import Bank Of India | 3.81% | 0% | |
Indian Railway Finance Corporation Limited | 3.78% | 66.7% | |
7.32% Govt Stock 2030 | 2.63% | 100% | |
Power Grid Corporation Of India Limited | 2.58% | 0% | |
Indian Railway Finance Corporation Limited | 2.55% | 0% | |
06.96 Tn SDL 2028 | 2.55% | 0% | |
National Bank For Agriculture And Rural Development | 2.54% | 0% | |
Power Grid Corporation of India Ltd. 6.94% | 2.51% | 0% | |
Indian Bank | 2.49% | 0% | |
7.3% Govt Stock 2053 | 1.33% | 0% | |
7.23% Govt Stock 2039 | 1.33% | 0% | |
7.34% Govt Stock 2064 | 1.33% | -33.3% | |
Power Finance Corporation Ltd. | 1.29% | 0% | |
National Bank For Financing Infrastructure And Development | 1.29% | 0% | |
Power Finance Corp Ltd. 7.6% | 1.28% | 0% | |
Rural Electrification Corporation Limited | 1.27% | 0% | |
National Bank For Agriculture And Rural Development | 1.27% | 0% | |
Indian Railway Finance Corporation Limited | 1.27% | 0% | |
National Housing Bank | 1.26% | 0% | |
HDFC Bank Limited | 1.19% | 0% | |
Export Import Bank Of India (20/03/2026) | 1.18% | 0% | |
Corporate Debt Market Development Fund - Class A2 | 0.32% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Sundaram Banking & PSU Fund Direct Growth | 9.39% | 7.53% | 6.02% | 7.29% |
 DSP Banking & PSU Debt Fund Direct Growth | 9.76% | 7.71% | 6.59% | 8.1% |
 Edelweiss Banking and PSU Debt Fund Direct Plan Growth | 9.7% | 8.24% | 6.83% | 8.3% |
 Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth | 9.42% | 7.68% | 6.88% | 8.52% |
 ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth | 9.14% | 7.97% | 7.18% | 8.25% |
 Axis Banking & PSU Debt Fund Direct Plan Growth | 9.04% | 7.23% | 6.53% | 7.9% |
 Bandhan Banking & PSU Debt Fund Direct Growth | 9.01% | 7.37% | 6.67% | 7.86% |
 ITI Banking & PSU Fund Direct Gr | 8.87% | 7.48% | - | 6.37% |
 UTI Banking & PSU Fund Direct Plan Growth | 8.78% | 7.58% | 7.42% | 7.28% |
 HSBC Banking & PSU Debt fund Direct Plan Growth Option | 8.77% | 7.44% | 6.12% | 7.58% |
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Dwijendra Srivastava
Fund Manager of Sundaram Banking & PSU Fund Direct Growth, since 27 July 2010
Top funds managed
Sandeep Agarwal
Fund Manager of Sundaram Banking & PSU Fund Direct Growth, since 16 May 2022
Top funds managed
Fund House
Sundaram Asset Management Company Ltd
Total Schemes
Total AUM
₹63.67K Cr
as on 31-Mar-2025
Address
Sundaram Asset Management Company Limited,Sundaram Towers,,2nd Floor, 46 Whites Road,,Royapettah,
Phone
+914428583362/3367
Website
rahulm@sundarammutual.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.27% which is lower than the category average expense ratio of 0.56%.
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.42% return, outperforming this fund by 1.4% per annum.
Over the last 6 months, this fund has experienced a 5.9% growth in AUM moving from 333.15 Cr to 352.67 Cr.
In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.76% return, outperforming this fund by 0.37%.
In the last 3 years, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.97% return, outperforming this fund by 0.44% per annum.
Sundaram Banking & PSU Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.29% since inception which is more than its category average return of 6.23%
AUM size ₹353 Cr
This fund has AUM of ₹353 Cr which is less than its category average of ₹ 4126 Cr
Expense Ratio 0.27%
This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 0.51%
More funds from Sundaram
5Y CAGR
▲ 7.24
5Y CAGR
▲ 5.78
Frequently Asked Questions for Sundaram Banking & PSU Fund Direct Growth
The current NAV of Sundaram Banking & PSU Fund Direct Growth is ₹43.31 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Sundaram Banking & PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 4.68% | 4.68% |
1 Year Returns | 9.39% | 9.39% |
3 Years Returns | 24.33% | 7.53% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.27% as on April 2025
₹353 Cr as on April 2025
7.1% Govt Stock 2034(9.17%), Indian Oil Corporation Limited(7.63%), 6.79% Govt Stock 2034(6.44%), Rural Electrification Corporation Limited(6.37%), HDFC Bank Limited(6.35%) as on April 2025
Corporate(48.19%), Government(47.76%), Cash Equivalent(4.05%) as on April 2025
Yield to Maturity is 7.1 as on April 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.41 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Dwijendra Srivastava, Sandeep Agarwal are the fund managers of Sundaram Banking & PSU Fund Direct Growth
The Exit load of Sundaram Banking & PSU Fund Direct Growth is 0%