Sundaram Money Fund

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An open ended liquid scheme

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Fund Managers

Fund Manager

Mr. Dwijendra Srivastava

Sundaram Money Fund

Objective:

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.

Key Features:
  • Rating - AAA by CRISIL
  • Low volatility / low duration fund aiming to provide steady accrual income
  • The fund invests in instruments having high credit quality and liquidity and residual maturity of less than 3 months.
  • The returns of the fund will mostly reflect prevailing interest rates in the money markets.
  • If an investor invests before 2:00 PM on any day, he will be eligible to purchase units at the previous days NAV
  • For Redemption requests given before 3 pm funds will be credited to investor’s a/c the following day. For Redemptions given on Friday funds will be credited to investor’s account the following working day (Monday).
Suggested Investment Horizon - 1 to 30 days
Target Investors
  • Large Corporates and Small & Medium Enterprises - as a cash management product.
  • The fund has delivered consistent returns and offers an avenue for small businesses to invest their surplus funds for very short periods like overnight, weekends etc.,
Low Risk

This product is suitable for investors who are seeking*

  • Short term income
  • Preservation of capital, liquidity and lower level of risk through investments made primarily in money market and debt securities

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

Fund Facts

Inception March, 2000
Scheme Type Liquid Fund
Benchmark CRISIL Liquid Fund Index
Fund Manager Dwijendra Srivastava, Siddharth Chaudhary
Average AUM for the month of Crores
Portfolio YTM* 31st Oct 2018 7.68 %
Average Maturity* 31st Oct 2018 0.09 years
Average Duration* 31st Oct 2018 0.09 years
Plans Regular, Direct
Options
Growth
Dividend – Payout; Reinvest
Expense Ratio (Oct 18)
Regular: 0.23%
Direct: 0.14%
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 one-year period and computed using NAV of Regular Plan-Growth Option