| Risk | Low |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.20% |
| NAV | ₹10.10 (10 Jul 2020) |
|---|---|
| Fund Started | 07 Mar 2000 |
| Fund Size | ₹4,109 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 9.3% |
| Reserve Bank of India | Financial | T-Bills | 6.3% |
| Reserve Bank of India | Financial | T-Bills | 6.0% |
| LIC Housing Finance Ltd. | Financial | CP | 4.9% |
| Reserve Bank of India | Financial | T-Bills | 4.8% |
| Reserve Bank of India | Financial | T-Bills | 4.8% |
| Bharat Petroleum Corpn. Ltd. | Energy | CP | 3.6% |
| Housing Development Finance Corpn. Ltd. | Financial | NCD | 2.9% |
| National Bank For Agriculture & Rural Development | Financial | CP | 2.4% |
| Indian Oil Corpn. Ltd. | Energy | CP | 2.4% |
Sundaram Money Fund Daily Dividend is a Debt Mutual Fund Scheme launched by Sundaram Mutual Fund. This scheme was made available to investors on 07 Mar 2000. Dwijendra Srivastava, Siddharth Chaudhary is the Current Fund Manager of Sundaram Money Fund Daily Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹4,109 Cr and the Latest NAV as of 10 Jul 2020 is ₹10.10.
The Sundaram Money Fund Daily Dividend is rated Low risk. Minimum SIP Investment is set to 250. Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
The main objective is to provide a level of income consistent with the preservation of capital, liquidity and lower level of risk, through investments made primarily in money market and debt securities. The aim is to optimize returns while providing liquidity.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.