Sundaram Banking & PSU Debt Fund

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The fund was earlier known as Sundaram Flexible Fund – Short Term Plan. The name has been changed following its merger with Sundaram Banking & PSU Debt Fund.
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An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

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Fund Managers

Fund Manager

Mr. Dwijendra Srivastava

Sundaram Flexible Fund Short Term Plan

Objective:

The investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions.

Key Features:
  • The fund would invest primarily in instruments issued by Banks, Public Financial Institutions (PFIs) /PSUs/GSECS(State Government Bonds/Uday Bonds).
  • High credit quality.
Target Investors:

Long term investors who invest in 3 year FMP’s.

Suggested Investment Horizon -3 Years and above.

Moderately Low Risk

This product is suitable for investors who are seeking*

  • Income
  • Capital appreciation from a portfolio comprising substantially of fixed income and money market instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Fund Facts

Inception March 2009
Scheme Type Income Fund
Benchmark CRISIL AAA Short Term Bond Fund Index
Fund Manager Dwijendra Srivastava, Siddharth Chaudhary
Average AUM for the month of Crores
Plans Regular, Direct
Options
Growth
Dividend – Payout; Reinvest
Portfolio YTM * 31st Oct 2018 8.81 %
Average Maturity * 31st Oct 2018 2.46 years
Average Duration * 31st Oct 2018 2.24 years
Expense Ratio (Oct 18)
Regular: 0.37%
Direct: 0.23%
Min. Initial Investment 1,00,000
Entry Load Nil
Exit Load (both plans) Nil

* 0 - indicates No Value


Returns are on a compounded annual basis for period more than one year and absolute for oneyear period and computed using NAV of Regular Plan-Growth Option