Click here for top ranked funds in money market mutual funds.
However, Scripbox does not recommend investing in money market mutual funds.
Money Market Funds invest in money market instruments with maturity upto 1 year.
This category accounts for close to 5% of the total Debt fund assets.
Funds in this category have a credit quality and return similar to Liquid Funds however they tend to have higher variations when interest rates change.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
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Scheme Information
Investment Objective
The investment objective of the scheme is to generate income by investing in a porfolio comprising of Money Market instruments having maturity up to one year
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.
Sundaram Asset Management Company Ltd manages assets worth 32,747 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.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q)
About Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q)
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) is a money market debt fund and has delivered an annualised return of 5.5% over a period of 3 years .The fund was previously known as Sundaram Money Market Reg Qt DR.The fund is managed by Sundaram Asset Management Company Ltd.The fund managers are Sandeep Agarwal, Siddharth Chaudhary
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) Investment Objective
The investment objective of the scheme is to generate income by investing in a porfolio comprising of Money Market instruments having maturity up to one year However, there is no assurance that the objective of the scheme will be realized.
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) NAV,AUM,Risk
The Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) fund was launched on Sep 26, 2018. The NAV (Net Asset Value) of this money market debt as of 2021-05-11 is ₹ 11.1932. The total AUM (Asset Under Management) of the fund as of 2021-05-12 is ₹ 91.669. The category risk of the Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) fund is Low to Moderate Risk.
The fund charges 0.33 % as expense ratio.
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) Holdings
The fund’s highest allocation is towards debt and has invested 52.8% in this asset class. The top three holdings of the fund are 364 dtb 24032022,364 dtb 27052021 and treps
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) SIP
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.
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) Investment volatility and Horizon
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 Money Market TR INR.
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) Review
Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) has a score of 2 on a scale of 5. The fund scores 2 out of 5 based on historical performance. As compared to the other funds in its category, Sundaram Money Market of Income Distribution cum Capital Withdrawal fund (RIDCW-Q) has a score of 2 out of 5.
The credit risk of the fund is 5 out of 5 as compared to other debt funds.
