Sundaram Money Market Fund Direct Growth

Sundaram Money Market Fund Direct Growth

NAV as on 02-04-2025

₹ 14.82

0.1%

1D

Inception Returns

6.2%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
9 people have invested ₹ 1.1L in Sundaram Money Market Fund Direct Growth in the last three months

About Sundaram Money Market Fund Direct Growth

Sundaram Money Market Fund Direct Growth is a debt fund. This fund was started on 26 September, 2018. The fund is managed by Dwijendra Srivastava, Sandeep Agarwal. This fund is suitable to keep your money safe.

Key Parameters

  1. Sundaram Money Market Fund Direct Growth has ₹675 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Sundaram Money Market Fund Direct Growth has given a CAGR return of 6.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.72%, 6.88% and 5.73% respectively.

Holdings

Sundaram Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 27022026, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development, ICICI Securities Limited, Bharti Telecom Limited

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Sundaram Money Market Fund Direct Growth

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

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 250.00. Sundaram Money Market Fund Direct Growth has no lock in period.

Sundaram Money Market Fund Direct Growth Overview

Expense ratio0.17%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹675 Cr
Inception Date26 September, 2018
Min Lumpsum/SIP₹1000/₹250
Exit Load0%
Lock InNo Lock-in
TurnOver
167.25%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (02-Apr-25)

Period
Sundaram Money Market Fund Direct Growth
Money Market Index
1M
0.9%
0.5%
3M
2%
1.5%
6M
3.9%
3.1%
1Y
7.7%
6.3%
3Y
6.9%
-
5Y
5.7%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Cash Equivalent
58.5%
Corporate
39.1%
Government
2.4%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 1.1K Cr
₹ 594.4 Cr
₹ 574 Cr
  • AUM of the fund stands at 1.1K Cr as of Feb'25
  • AUM increased by 469.5 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Axis Bank Ltd.'s allocation increased from 0.83% to 0.85%
Axis Bank Ltd.'s allocation increased from 0.83% to 0.85%
Cash allocation has gone up from 97.2% to 97.3%
Cash allocation has gone up from 97.2% to 97.3%
Debt allocation has gone down from 2.6% to 2.5%
Debt allocation has gone down from 2.6% to 2.5%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
39%
Government
2%
Jan'25
Corporate
44%
Government
2%
  • Debt & Cash

Holdings
Weight%
1M Change
364 DTB 27022026
364 DTB 27022026
6.97%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.52%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.52%
0%
ICICI Securities Limited
ICICI Securities Limited
5.5%
0%
Bharti Telecom Limited
Bharti Telecom Limited
3.53%
0%
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Dwijendra Srivastava
Dwijendra Srivastava
Fund Manager of Sundaram Money Market Fund Direct Growth, since 16 May 2022
Sandeep Agarwal
Sandeep Agarwal
Fund Manager of Sundaram Money Market Fund Direct Growth, since 26 September 2018
Fund House
Sundaram Asset Management Company Ltd
Total AUM
₹65.29K Cr
as on 28-Feb-2025
Address
Sundaram Asset Management Company Limited,Sundaram Towers,,2nd Floor, 46 Whites Road,,Royapettah,
Phone
+914428583362/3367
Website
rahulm@sundarammutual.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 188.4% growth in AUM moving from 234.15 Cr to 675.33 Cr.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.35% return, outperforming this fund by 0.63% per annum.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.23% return, outperforming this fund by 0.35% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.17% which is lower than the category average expense ratio of 0.31%.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.99% return, outperforming this fund by 0.26%.

Sundaram Money Market Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.21% since inception which is more than its category average return of 5.51%
AUM size ₹675 Cr

AUM size ₹675 Cr

This fund has AUM of ₹675 Cr which is less than its category average of ₹ 10722 Cr
Expense Ratio 0.17%

Expense Ratio 0.17%

This fund has an expense ratio of 0.17% which is less than its category average expense ratio of 0.33%

More funds from Sundaram

Sundaram Short Duration Fund Direct Plan Growth Option

Sundaram Short Duration Fund Direct Plan Growth Option

5Y CAGR

▲ 6.83

Sundaram Corporate Bond Fund - Direct Plan - Growth Option

Sundaram Corporate Bond Fund - Direct Plan - Growth Option

5Y CAGR

▲ 6.68

Sundaram Banking & PSU Fund - Direct Plan - Growth Option

Sundaram Banking & PSU Fund - Direct Plan - Growth Option

5Y CAGR

▲ 5.91

Sundaram Low Duration Fund Direct Plan Growth Option

Sundaram Low Duration Fund Direct Plan Growth Option

5Y CAGR

▲ 5.92

Sundaram Ultra Short Duration Fund- Direct Plan - Growth Option

Sundaram Ultra Short Duration Fund- Direct Plan - Growth Option

5Y CAGR

▲ 5.80

Frequently Asked Questions for Sundaram Money Market Fund Direct Growth

The current NAV of Sundaram Money Market Fund Direct Growth is ₹14.82 as on 02-Apr-2025.
Existing (Absolute + CAGR) as on 02-Apr-2025.
Sundaram Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
3.89%
3.89%
1 Year Returns
7.72%
7.72%
3 Years Returns
22.09%
6.88%
5 Years Returns
32.11%
5.73%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.17% as on March 2025
₹675 Cr as on March 2025
364 DTB 27022026(6.97%), Small Industries Development Bank Of India(5.52%), National Bank For Agriculture And Rural Development(5.52%), ICICI Securities Limited(5.5%), Bharti Telecom Limited(3.53%) as on March 2025
Corporate(43.88%), Cash Equivalent(33.18%), Government(22.94%) as on March 2025
Yield to Maturity is 7.15 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.5 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Dwijendra Srivastava, Sandeep Agarwal are the fund managers of Sundaram Money Market Fund Direct Growth
The Exit load of Sundaram Money Market Fund Direct Growth is 0%