Sundaram Ultra Short Term Fund

Description:

An open ended ultra-short term debt scheme investing in instruments with Macaulay Duration of the portfolio between 3 months to 6 months .

Key Features:
  • Lower interest rate risk (Macaulay Duration between 3-6 months)
  • Yield to Maturity likely to be higher than liquid funds
  • The Fund would invest in High Credit Quality papers
  • No lock-in, no entry / exit load
Investment Strategy
  • The fund would invest in debt & money market instruments, predominantly in securities having maturities upto 6 months
  • The focus of the Scheme would be to generate regular returns linked to prevailing 3-6 months rates on the portfolio, while maintaining a low risk profile
Low Risk

This product is suitable for investors who are seeking*

  • Regular income for short term
  • Investment in Debt and Money Market instruments for short term period

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

Fund Facts

Inception June 2019
Scheme Type An open ended ultra-short term debt scheme investing in instruments with Macaulay Duration of the portfolio between 3 months to 6 months
Benchmark CRISIL Ultra Short Term Debt Index
Fund Manager Siddharth Chaudhary and Sandeep Agarwal
Investment Objective The investment objective is to generate regular income by investing predominantly in debt and money market instruments
Average AUM for the month of Crores
Plans Regular Plan & Direct Plan
Options Growth & Dividend
Dividend frequency Daily, Weekly, Fortnightly, Monthly & Quarterly.
Under the Dividend option, facility for Reinvestment, Pay-out & Sweep are available and its frequency will be applicable in the following manner:
  1. Dividend Pay-out: Monthly & Quarterly
  2. Dividend Sweep: Monthly & Quarterly
  3. Dividend Reinvestment: Daily, Weekly, Fortnightly, Monthly & Quarterly
If the investor does not choose Plan/Option or Frequency at the time of submitting the application form, the following default Plan/Option/Frequency shall be applicable:
Default Option: Growth. Default frequency if dividend payout option is chosen: Monthly; Default frequency if dividend reinvestment option is chosen: Daily. If an investor chooses the Dividend Option but fails to indicate a sub-option, the default sub-option shall be Dividend ReInvestment.
Portfolio YTM * 30th Jun 2019 6.44 %
Average Maturity * 30th Jun 2019 0.18 years
Average Duration * 30th Jun 2019 0.18 years
Expense Ratio (as on Jun 30,2019)
Regular: 0.67%
Direct: 0.16%
Min. Initial Investment 1,000
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