Sundaram Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹491 Cr
Expense Ratio
0.17%
ISIN
INF903JA1FR6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
26 Sep 2018
About this fund
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.39, Assets Under Management (AUM) of 491.08 Crores, and an expense ratio of 0.17%.
- Sundaram Money Market Fund Direct Growth has given a CAGR return of 6.10% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 10.43% in debts, and 89.43% in cash & cash equivalents.
- You can start investing in Sundaram Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.60%
— (Cat Avg.)
3 Years
+6.35%
— (Cat Avg.)
5 Years
+5.57%
— (Cat Avg.)
Since Inception
+6.10%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹51.22 Cr | 10.43% |
| Others | ₹439.86 Cr | 89.57% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹68.02 Cr | 13.85% |
| Motilal Oswal Financial Services Ltd - 29/01/2025** | Cash | ₹24.53 Cr | 4.99% |
| Cholamandalam Investment And Finance Co Ltd - 10/02/2025** | Cash | ₹24.47 Cr | 4.98% |
| Small Industries Development Bank Of India - 27/02/2025** | Cash | ₹24.43 Cr | 4.97% |
| Bank Of India - 03/03/2025** | Cash | ₹24.4 Cr | 4.97% |
| National Bank For Agriculture & Rural Development - 12/03/2025 | Cash | ₹24.36 Cr | 4.96% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.21 Cr | 4.93% |
| Bank Of Baroda - 15/05/2025** | Cash | ₹24.05 Cr | 4.90% |
| Au Small Finance Bank Ltd - 28/10/2025** | Cash | ₹23.19 Cr | 4.72% |
| Punjab National Bank - 25/02/2025 | Cash | ₹19.55 Cr | 3.98% |
| Idfc First Bank Ltd - 28/05/2025** | Cash | ₹19.18 Cr | 3.91% |
| Axis Bank Ltd - 10/10/2025** | Cash | ₹18.68 Cr | 3.80% |
| Canara Bank - 20/03/2025** | Cash | ₹14.59 Cr | 2.97% |
| Indian Bank - 23/05/2025** | Cash | ₹14.41 Cr | 2.93% |
| Pnb Housing Finance Ltd - 25/09/2025** | Cash | ₹14.02 Cr | 2.85% |
| Hsbc Investdirect Financial Services India Limited - 13/11/2024** | Cash | ₹9.98 Cr | 2.03% |
| Hdfc Bank Ltd - 20/02/2025** | Cash | ₹9.79 Cr | 1.99% |
| Icici Securities Ltd - 21/02/2025** | Cash | ₹9.77 Cr | 1.99% |
| 182 DTB 13032025 | Bond - Gov't/Treasury | ₹9.77 Cr | 1.99% |
| Dbs Bank Ltd - 07/03/2025** | Cash | ₹9.75 Cr | 1.99% |
| Lic Housing Finance Ltd - 21/03/2025** | Cash | ₹9.72 Cr | 1.98% |
| 364 DTB | Bond - Gov't/Treasury | ₹9.66 Cr | 1.97% |
| Small Industries Development Bank Of India - 28/05/2025** | Cash | ₹9.59 Cr | 1.95% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹7.59 Cr | 1.55% |
| Idfc First Bank Ltd - 21/02/2025** | Cash | ₹6.85 Cr | 1.39% |
| Indusind Bank Ltd - 24/02/2025** | Cash | ₹6.84 Cr | 1.39% |
| Icici Bank Ltd - 31/01/2025** | Cash | ₹4.91 Cr | 1.00% |
| The Federal Bank Ltd - 04/02/2025** | Cash | ₹4.91 Cr | 1.00% |
| Union Bank Of India - 27/02/2025** | Cash | ₹4.89 Cr | 0.99% |
| Bank Of Baroda - 05/05/2025** | Cash | ₹4.82 Cr | 0.98% |
| Hdfc Bank Ltd - 24/06/2025** | Cash | ₹4.77 Cr | 0.97% |
| Hdfc Bank Ltd - 19/09/2025 | Cash | ₹4.69 Cr | 0.96% |
| Corporate Debt Market Development Fund - Class A2 | Mutual Fund - Open End | ₹0.68 Cr | 0.14% |
| Cash And Other Net Current Assets^ | Cash | ₹0.04 Cr | 0.01% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹371.16 Cr | 75.58% |
| Cash - Repurchase Agreement | ₹68.02 Cr | 13.85% |
| Bond - Short-term Government Bills | ₹24.21 Cr | 4.93% |
| Bond - Gov't/Treasury | ₹19.43 Cr | 3.96% |
| Bond - Corporate Bond | ₹7.59 Cr | 1.55% |
| Mutual Fund - Open End | ₹0.68 Cr | 0.14% |
| Cash - Commercial Paper | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.48%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
0.66
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
Dwijendra Srivastava
Since May 2022
Sandeep Agarwal
Since September 2018
Additional Scheme Detailsas of 31st October 2024
ISIN INF903JA1FR6 | Expense Ratio 0.17% | Exit Load No Charges | Fund Size ₹491 Cr | Age 6 years 1 month | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
About the AMC
Sundaram Mutual Fund
Total AUM
₹68,313 Cr
Address
Sundaram Towers, Chennai, 600 014
Other Funds by Sundaram Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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- Dwijendra Srivastava
- Sandeep Agarwal
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