Sundaram Money Market Direct Growth
Debt
Direct
Money Market
NAV: ₹ 13.87 as on 16-05-2024
About the Fund
Sundaram Money Market 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
- Sundaram Money Market Direct Growth has ₹114 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
5 people have invested ₹ 20.5K in Sundaram Money Market Direct Growth in the last three months
Overview
 | 0.25% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹114 Cr |
 | 26 September, 2018 |
 | ₹1000/₹250 |
 | 0% |
 | No Lock-in |
 TurnOver | 344% |
Sundaram Money Market Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
57.2%
Cash Equivalent
26.2%
Government
16.6%
Top Holdings of Sundaram Money Market Direct Growth as on (30-Apr-24)
Debt Holdings13
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank For Agriculture And Rural Development | 8.28% | 0% | |
HDFC Bank Ltd. | 8.27% | 0% | |
Axis Bank Ltd. | 8.27% | 0% | |
Punjab National Bank | 8.27% | 0% | |
Icici Securities Limited | 8.24% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 113.9 Cr as of Apr'24
- AUM increased by 0.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 11.7% drop in AUM moving from 128.98 Cr to 113.9 Cr.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.47% per annum.
This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.25% which is lower than the category average expense ratio of 0.33%.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.47%.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.61% per annum.
Peer Analysis
Fund Manager
Dwijendra Srivastava
Fund Manager of Sundaram Money Market Direct Growth, since 16 May 2022
Top funds managed
Sandeep Agarwal
Fund Manager of Sundaram Money Market Direct Growth, since 26 September 2018
Top funds managed
Sundaram Money Market Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.97% since inception which is more than its category average return of 4.96%
AUM size ₹114 Cr
This fund has AUM of ₹114 Cr which is less than its category average of ₹ 6863 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Sundaram Money Market Direct Growth is ₹13.87 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Sundaram Money Market Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 7.39% | 7.39% |
3 Years Returns | 17.87% | 5.63% |
5 Years Returns | 31.73% | 5.67% |
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.
0.25% as on April 2024
₹114 Cr as on April 2024
National Bank For Agriculture And Rural Development(8.28%), HDFC Bank Ltd.(8.27%), Axis Bank Ltd.(8.27%), Punjab National Bank(8.27%), Dbs Bank India Limited(8.24%) as on April 2024
Corporate(57.21%), Cash Equivalent(26.2%), Government(16.6%) as on April 2024
Yield to Maturity is 7.55 as on April 2024. 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 0.82 as on April 2024. 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 Direct Growth
The Exit load of Sundaram Money Market Direct Growth is 0%