Formerly Sundaram Banking & PSU Debt Reg Mn DR
However, Scripbox does not recommend investing in banking and psu mutual funds.
Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
17 Years. The fund has an Extended history for analysis and the track record is excellent.
1,108 Cr. Medium within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds
NAV (Oct 25)
6 Month CAGR
To generate income and capital appreciation by predominantly investing in debt instruments of Banks,Public Sector Undertakings,Public Financial Institutions and Municipal Bonds
Low to Moderate
Launched (17y ago)
|Dec 30, 2004|
AUM in Crores
|CRISIL Banking and PSU Debt TR INR|
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 9,65,796||₹ 2,33,184||11.25%|
|EPF||₹ 9,00,761||₹ 1,68,149||8.50%|
|Property||₹ 8,67,662||₹ 1,35,050||7.00%|
|PPF||₹ 8,69,819||₹ 1,37,207||7.10%|
|Bank FD||₹ 8,46,471||₹ 1,13,859||6.00%|
|Gold||₹ 8,46,471||₹ 1,13,859||6.00%|
|Savings Bank||₹ 8,25,950||₹ 93,338||5.00%|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 13,509 cr
₹ 33,192 cr
₹ 11,590 cr
₹ 22,849 cr
₹ 33,722 cr
Sundaram Asset Management Company Ltd
Sundaram Asset Management Company Ltd manages assets worth 35,925 crores and was set up on 26 February 1996. It's current offering of mutual fund schemes includes 145 equity,182 debt and 36 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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Sundaram Banking & PSU Debt Fund Inc Dist cum Cap Wdrl (RIDCW-M) is a Banking And Psu Debt fund and has delivered an annualised return of 5.7% over a period of 16 years. The fund was previously known as Sundaram Banking & PSU Debt Reg Mn DR . The fund is managed by Sundaram Asset Management Company Ltd. The fund managers are Dwijendra Srivastava, Siddharth Chaudhary
To generate income and capital appreciation by predominantly investing in debt instruments of Banks,Public Sector Undertakings,Public Financial Institutions and Municipal Bonds . However, there is no assurance that the objective of the scheme will be realized.
The Sundaram Banking & PSU Debt Fund Inc Dist cum Cap Wdrl (RIDCW-M) fund was launched on Dec 30, 2004. The NAV (Net Asset Value) of this Banking And Psu Debt fund as of 2021-10-25 is ₹11.56. The total AUM (Asset Under Management) of the fund as of 26/10/2021 is ₹1107.229. The category risk of the Sundaram Banking & PSU Debt Fund Inc Dist cum Cap Wdrl (RIDCW-M) fund is Moderate Risk. The fund charges 0.4 % as expense ratio.
The fund’s highest allocation is towards Debt and has invested 69.4% in this asset class. The top three holdings of the fund are , reverse repo , treps , housing and urban development corporation limited (hudco) , national bank for agriculture and rural development , rural electrification corporation limited , export-import bank of india , indian oil corporation limited , 5.63% govt stock 2026 , power finance corp ltd. 6.09% , bajaj finance limited , jamnagar utilities & power private limited , national highways authority of india , housing development finance corporation limited , rural electrification corporation limited , bajaj finance limited , small industries development bank of india , power finance corporation ltd. , national bank for agriculture and rural development , power grid corporation of india limited , indian oil corporation limited , 5.22% goi 2025 , oil & natural gas corporation limited , hdfc bank limited , export-import bank of india , power finance corporation limited , hindustan petroleum corporation limited , power grid corporation of india limited , cash and other net current assets^ , power grid corporation of india limited , national highways authority of india
The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Banking and PSU Debt TR INR.
Sundaram Banking & PSU Debt Fund Inc Dist cum Cap Wdrl (RIDCW-M) has a score of 3 on a scale of 5. The fund has a score of 5 out of 5 based on historical performance. As compared to the other funds in its category, Sundaram Banking & PSU Debt Fund Inc Dist cum Cap Wdrl (RIDCW-M) has a score of 3out of 5 The credit risk of the fund is 3 out of 5 as compared to other debt funds.
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