Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal

Debt
Direct
Money Market
Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal

About the Fund

Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal is a debt fund. This fund was started on 26 September, 2018. The fund is managed by Dwijendra Srivastava, Sandeep Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal has ₹213 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 Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal has given a CAGR return of 5.06% since inception.

Holdings

Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Bank Of Baroda, Axis Bank Ltd., Canara Bank, Indian Bank, Hsbc Investdirect Financial Services (I)Ltd

Taxation

As it is a money market 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 Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal

The investment objective of the scheme is to generate income by investing in a porfolio comprising of Money Market instruments having maturity up to one year

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.26%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹213 Cr
Inception Date26 September, 2018
Min Lumpsum/SIP--/--
Exit Load0%
Lock InNo Lock-in
TurnOver
344%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
50.6%
Cash Equivalent
28.4%
Government
21.1%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Bank Of Baroda
Bank Of Baroda
6.69%
100%
Axis Bank Ltd.
Axis Bank Ltd.
6.68%
100%
Canara Bank
Canara Bank
6.66%
100%
Indian Bank
Indian Bank
6.56%
100%
Hsbc Investdirect Financial Services (I)Ltd
Hsbc Investdirect Financial Services (I)Ltd
4.63%
0%

Dwijendra Srivastava
Dwijendra Srivastava
Fund Manager of Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal, since 16 May 2022
Sandeep Agarwal
Sandeep Agarwal
Fund Manager of Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal, since 26 September 2018

Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 5.06% since inception which is more than its category average return of 4.97%
AUM size ₹213 Cr

AUM size ₹213 Cr

This fund has AUM of ₹213 Cr which is less than its category average of ₹ 7272 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal is ₹10.38 as on 26-Jun-2023.
Existing (Absolute + CAGR) as on 26-Jun-2023.
Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
0.2%
0.2%
6 Month Returns
3.58%
3.58%
1 Year Returns
0%
0%
3 Years Returns
16.75%
5.3%
5 Years Returns
0%
0%
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.
0.26% as on May 2024
₹213 Cr as on May 2024
Bank Of Baroda(6.69%), Axis Bank Ltd.(6.68%), Canara Bank(6.66%), Indian Bank(6.56%), Hsbc Investdirect Financial Services (I)Ltd(4.63%) as on May 2024
Corporate(50.56%), Cash Equivalent(28.37%), Government(21.07%) as on May 2024
Yield to Maturity is 7.43 as on May 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 0.73 as on May 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 Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal
The Exit load of Sundaram Money Market Direct Fortnightly Payout of Income Distribution cum Capital Withdrawal is 0%