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Sundaram Banking & PSU Debt Fund Direct-Growth
NAV as of(Aug 11, 2023)
₹ 37.63 -0.05 % 1-D Change
Returns 
7.09% p.a.
You get upto 0.14%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 0.23% As on Jun 30, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 462 Crs |
| Lock-in | No Lockin |
| Age | 10 yrs 7 m Since Jan 09, 2013 |
| Benchmark | NIFTY Banking and PSU Debt TRI |
| Min. Investment | SIP ₹250 & Lumpsum ₹5000 |
About Sundaram Banking & PSU Debt Fund
Sundaram Banking & PSU Debt Fund Direct-Growth is a Banking and PSU mutual fund scheme from Sundaram Mutual Fund. This fund has been in existence for 10 yrs 7 m, having been launched on 09/01/2013. Sundaram Banking & PSU Debt Fund Direct-Growth has ₹462 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.23%, which is close to what most other Banking And Psu funds charge.
.....- Sundaram Banking & PSU Debt Fund Direct-Growth returns of last 1-year are 6.23%. Since launch, it has delivered 7.10% average annual returns. The fund has doubled the money invested in it every 11 yrs.
- Sundaram Banking & PSU Debt Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is low.
- The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The fund's top holdings are in GOI, Small Industries Devp. Bank of India Ltd., National Bank For Agriculture & Rural Development, Indian Oil Corpn. Ltd., Power Grid Corporation Of India Ltd..
Investment Returns Calculator
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| Total value | Profit | ||
|---|---|---|---|
This fund | |||
Category Average | |||
Bank FD | |||
Gold |
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. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jul 31, 2023Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Market Cap
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Allocation by Sector
Bifurcation by Sector is not available for this fund
Top Debt Holdings
GOI 11.73%
Small Industries Devp. Bank of India Ltd. 8.63%
National Bank For Agriculture & Rural Development 7.53%
Indian Oil Corpn. Ltd. 6.49%
Allocation by Credit Quality
AAA 81.48%
SOV 11.72%
Cash & Call Money 4.65%
A1+ 2.15%
Allocation by Instruments
Debenture 36.48%
Non Convertible Debenture 29.85%
GOI Securities 11.72%
Bonds/NCDs 9.73%
Other Holdings
Others 1.5%
Comparison with banking and psu Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Edelweiss Banking and PSU Debt Fund | 8.19% | ||
| Bandhan Banking & PSU Debt Fund | 7.74% | ||
| Kotak Banking and PSU Debt Fund | 7.68% | ||
| Nippon India Banking & PSU Debt Fund | 7.66% | ||
| HDFC Banking and PSU Debt Fund | 7.48% | ||
| Aditya Birla Sun Life Banking & PSU Debt Fund | 7.48% | ||
| Sundaram Banking & PSU Debt Fund | 6.36% |
Trailing Returns and Ranks
as on Aug 14, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.29% | 0.3% |
| 3 months | 1.34% | 1.27% |
| 6 months | 3.69% | 3.75% |
| 1 year | 6.03% | 6.27% |
| 3 years | 4.14% | 4.92% |
| 5 years | 6.36% | 7.17% |
| 10 years | 7.11% | 7.82% |
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Moderate risk
Sundaram Banking & PSU Debt Fund
DEBT BANKING AND PSU
The scheme seeks to generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
- Std. Dev : 1.09
- Alpha : 3.2
- Beta : 2.16
- Sharpe : -0.12
- Sortino : -0.15
Sandeep Agarwal
Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.
Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
Sundaram Mutual Fund
TOTAL AUM:
₹45,612 Crs
As on Jun 30, 2023
- Phone: 1860-425-7237
- Address: Sundaram Towers No. 46,,1st& 2nd Floor,
Whites Road,
Royapettah
Chennai, 600014
Compare with similar Funds
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of Sundaram Banking & PSU Debt Fund ?
The Sundaram Banking & PSU Debt Fund is a 10 yrs 7 m old fund and has delivered average annual returns of 7.09% since inception.
Sundaram Banking & PSU Debt Fund Returns
| 1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|---|---|---|---|---|
| 6.03% | 4.14% | 6.36% | 7.11% | 7.09% |
What is the current NAV of Sundaram Banking & PSU Debt Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Sundaram Banking & PSU Debt Fund for Aug 11, 2023 is 37.63.
Should I invest in Sundaram Banking & PSU Debt Fund?
Sundaram Banking & PSU Debt Fund has an ET Money Rank of # 17 of 19 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
How do I invest in Sundaram Banking & PSU Debt Fund?
On ET Money, Investing in Sundaram Banking & PSU Debt Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in Sundaram Banking & PSU Debt Fund is done.
How much does Sundaram Banking & PSU Debt Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Sundaram Banking & PSU Debt Fund is 0.23%. .
How can I redeem my investments in Sundaram Banking & PSU Debt Fund?
Redeeming your investments in Sundaram Banking & PSU Debt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Sundaram Banking & PSU Debt Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of Sundaram Banking & PSU Debt Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Sundaram Banking & PSU Debt Fund is ₹462 Crs.
What is the quality of borrowers Sundaram Banking & PSU Debt Fund lends to?
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Sundaram Banking & PSU Debt Fund allocation by credit quality is given below
| Credit Quality | Percentage of Portfolio |
| AAA | 81.48% |
| SOV | 11.72% |
| Cash & Call Money | 4.65% |
To whom does Sundaram Banking & PSU Debt Fund lend to?
The top 3 debt holdings of Sundaram Banking & PSU Debt Fund are as follows
| Holding Name | Percentage of Portfolio |
| GOI | 11.73% |
| Small Industries Devp. Bank of India Ltd. | 8.63% |
| National Bank For Agriculture & Rural Development | 7.53% |