Debt
Direct
Money Market
NAV as on 06-09-2024
₹ 14.17
Inception Returns
6%
/yr
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.
Sundaram Money Market Fund Direct Growth has given a CAGR return of 6.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.45%, 6.02% and 5.56% respectively.
Sundaram Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Punjab National Bank, Bank Of Baroda, Canara Bank, 364 DTB 15052025, Indian Bank
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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 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.
Expense ratio | 0.26% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹220 Cr |
Inception Date | 26 September, 2018 |
Min Lumpsum/SIP | ₹1000/₹250 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 167.25% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (06-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
Sundaram Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.76% | 3.76% |
1 Year Returns | 7.45% | 7.45% |
3 Years Returns | 19.17% | 6.02% |
5 Years Returns | 31.06% | 5.56% |
AAA | 100 |