Sundaram Corporate Bond Fund Direct Growth

Sundaram Corporate Bond Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 31-10-2024

₹ 39.24

0.1%

1D

Inception Returns

7.6%

/yr

About Sundaram Corporate Bond Fund Direct Growth

Sundaram Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 13 May, 2013. The fund is managed by Dwijendra Srivastava, Sandeep Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. Sundaram Corporate Bond Fund Direct Growth has ₹738 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Sundaram Corporate Bond Fund Direct Growth has given a CAGR return of 7.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.65%, 6.03% and 6.69% respectively.

Holdings

Sundaram Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.10%Goi 08/04/2034, Small Industries Development Bank Of India, Indian Railway Finance Corporation Limited, National Housing Bank, LIC Housing Finance Limited

Taxation

As it is a corporate bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Sundaram Corporate Bond Fund Direct Growth

To generate income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 250.00. Sundaram Corporate Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
17 people have invested ₹ 5.1L in Sundaram Corporate Bond Fund Direct Growth in the last three months

Sundaram Corporate Bond Fund Direct Growth Overview

Expense ratio0.32%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹738 Cr
Inception Date13 May, 2013
Min Lumpsum/SIP₹5000/₹250
Exit Load0%
Lock InNo Lock-in
TurnOver
93.74%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Oct-24)

Period
Sundaram Corporate Bond Fund Direct Growth
Corporate Bond Index
1M
0.4%
0.4%
3M
2.3%
1.7%
6M
4.7%
3.9%
1Y
8.7%
7.7%
3Y
6%
5.6%
5Y
6.7%
6.1%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

Sep'24

Aug'24

Jul'24

Corporate
52.2%
Government
44.6%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 712.2 Cr
₹ 712.2 Cr
₹ 710.1 Cr
  • AUM of the fund stands at 712.2 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 2 Sectors in September were Corporate, Government

Sep'24
Corporate
52%
Government
45%
Aug'24
Corporate
52%
Government
45%
  • Debt & Cash

Holdings
Weight%
1M Change
7.10%Goi 08/04/2034
7.10%Goi 08/04/2034
15.94%
11.1%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.88%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
5.48%
0%
National Housing Bank
National Housing Bank
5.42%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
4.07%
0%
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Dwijendra Srivastava
Dwijendra Srivastava
Fund Manager of Sundaram Corporate Bond Fund Direct Growth, since 31 July 2010
Sandeep Agarwal
Sandeep Agarwal
Fund Manager of Sundaram Corporate Bond Fund Direct Growth, since 1 June 2012
Fund House
Sundaram Asset Management Company Ltd
Total AUM
₹67.4K Cr
as on 30-Sep-2024
Address
Sundaram Asset Management Company Limited,Sundaram Towers,,2nd Floor, 46 Whites Road,,Royapettah,
Phone
+914428583362/3367
Website
rahulm@sundarammutual.com

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.87% return, outperforming this fund by 0.84% per annum.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.39% return, outperforming this fund by 0.69% per annum.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.18% return, outperforming this fund by 0.53%.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.5%.
Insights icon
Over the last 6 months, this fund has experienced a 2.4% drop in AUM moving from 756.25 Cr to 738.18 Cr.

Sundaram Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.56% since inception which is more than its category average return of 5.68%
AUM size ₹738 Cr

AUM size ₹738 Cr

This fund has AUM of ₹738 Cr which is less than its category average of ₹ 6562 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Sundaram Corporate Bond Fund Direct Growth

The current NAV of Sundaram Corporate Bond Fund Direct Growth is ₹39.24 as on 31-Oct-2024.
Existing (Absolute + CAGR) as on 31-Oct-2024.
Sundaram Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.42%
0.42%
6 Month Returns
4.68%
4.68%
1 Year Returns
8.65%
8.65%
3 Years Returns
19.2%
6.03%
5 Years Returns
38.25%
6.69%
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.
0.32% as on October 2024
₹738 Cr as on October 2024
7.10%Goi 08/04/2034(15.94%), Small Industries Development Bank Of India(6.88%), Indian Railway Finance Corporation Limited(5.48%), National Housing Bank(5.42%), LIC Housing Finance Limited(4.07%) as on October 2024
Corporate(51.32%), Government(42.53%), Cash Equivalent(6.15%) as on October 2024
Yield to Maturity is 7.29 as on October 2024. 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 4.21 as on October 2024. 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 Corporate Bond Fund Direct Growth
The Exit load of Sundaram Corporate Bond Fund Direct Growth is 0%