Sundaram Money Direct Dividend Fortnightly+0.01%

3Groww
7.15%
1 Year Return
Debt
Liquid
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Sundaram Money Direct Dividend Fortnightly

RiskLow
Min SIP AmountNot Supported
Expense Ratio0.13%
NAV26.24 (23 Oct 2019)
Fund Started01 Jan 2013
Fund Size5,855 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Sundaram Money Direct Dividend Fortnightly
7.2%
7.0%
7.5%
8.0%
Category Average
6.8%
6.7%
7.3%
-
Rank within category
12
18
16
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 7.2% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 3 years
    2. Risk is lower compared to the benchmark
    Cons
    1. 1Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Reserve Bank of IndiaFinancialT-Bills5.1%
    National Thermal Power Corp. Ltd.EnergyCP4.3%
    Indusind Bank Ltd.FinancialFixed Deposits2.6%
    Maithon Power LtdEngineeringCP2.5%
    Gujarat State Fertilizers & Chemicals Ltd.ChemicalsCP2.5%
    Bharat Oman Refineries Ltd.EnergyCP2.5%
    Syndicate BankFinancialCD2.5%
    Housing & Urban Development Corpn. Ltd.FinancialCP2.5%
    Reliance Jio Infocomm Ltd.CommunicationCP2.5%
    Power Grid Corporation of India Ltd.EnergyCP2.1%
    See All

    Fund Managers

    addDwijendra Srivastava
    Education
    Mr. Srivastava is B.Tech , PGDM (Finance) and CFA.
    Experience
    Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, JM Financial AMC, Tata AMC Private Ltd., Tower Capital and Securities, Indo Swiss Financial and Gontermann Pipers.
    Funds Managed
    addSiddharth Chaudhary
    Education
    Mr. Chaudhary is a B.Com (H) and PGDM (Securities Markets).
    Experience
    Prior to joining Sundaram Mutual Fund he has worked with Indian Bank.
    Funds Managed

    Other Details

    Sundaram Money Direct Dividend Fortnightly is a Debt Mutual Fund Scheme launched by Sundaram Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Dwijendra Srivastava, Siddharth Chaudhary is the Current Fund Manager of Sundaram Money Direct Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹5,855 Cr and the Latest NAV as of 23 Oct 2019 is ₹26.24.

    The Sundaram Money Direct Dividend Fortnightly is rated Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. 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..

    Investment Objective

    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.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹1000
    Min for First Investment
    ₹500
    Min for Second Investment
    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.
    Exit Load

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    About Sundaram Mutual Fund

    Address
    Sundaram Towers, 2nd Floor,46 Whites Road, Royapettah Chennai 600 014
    Phone
    044-28583362/3367
    Launch Date
    25 Feb 1996
    Sundaram Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Sundaram
    Address
    No. 23, Cathedral Garden Road Nungambakkam
    Email
    NA
    Website
    NA
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