# Sundaram Ultra Short to Short Term Fund

Sundaram Asset Management Company Ltd · Ultra Short to Short Term · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/sundaram-ultra-short-to-short-term-fund-149519
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Lending for six months to a year. Its latest portfolio: 38% shares, 57% bonds and money market and 5% cash.
- **₹10,000 a month:** For the last 3 years: ₹3.6 lakh put in, worth ₹3.94 lakh on 3 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 6.4% a year; similar funds earned 6.7% a year on average.
- **How bumpy:** Low to moderate: small ups and downs. It made money in 100 of every 100 one-year stretches.
- **Expense ratio:** 1.15% a year. Similar funds: 0.87% on average.
- **Fees and minimums:** A SIP from ₹1,000 a month. No fee for selling early.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹3,706.18 on 3 Nov 2026
- **Fund size:** ₹382 cr (2 Nov 2026)
- **Expense ratio:** 1.15% a year (typical in its category 0.87%)
- **Riskometer:** Low to Moderate
- **Benchmark:** NIFTY Low Duration Debt Index A-I
- **Category:** [Ultra Short to Short Term](https://discovermf.com/categories/ultra-short-to-short-term.md)
- **Fund house:** [Sundaram Asset Management Company Ltd](https://discovermf.com/fund-houses/sundaram)
- **Launched:** 19 Aug 2004 (prices here start 3 Jan 2022)
- **Exit load:** NIL
- **Minimum investment:** ₹1,000 to start, ₹1,000 a month by SIP
- **AMFI scheme code:** 149519

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +0.2% | — | — | — |
| 3 months | +1.0% | — | — | — |
| 6 months | +2.6% | — | — | — |
| 1 year | +4.9% | +5.3% | +6.1% | 21 of 23 |
| 3 years (a year) | +6.4% | +6.7% | +7.0% | 19 of 20 |
| 5 years (a year) | — | +6.1% | +6.4% | — |
| Since 3 Jan 2022 (a year) | +5.9% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | +4.1% | — |
| 2025 | +6.8% | — |
| 2024 | +7.3% | — |
| 2023 | +6.5% | — |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 3 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹3.94 lakh | +5.9% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 0.6% | 0.6% |
| Worst fall, last year | -0.3% | — |
| Worst fall, last 3 years | -0.3% | — |
| Sharpe ratio, 3 years | 0.99 | — |
| Sortino ratio, 3 years | 1.68 | — |
| Beta, 3 years | — | — |
| Alpha, 3 years | — | — |

## Portfolio, September 2026

34 holdings. Equity 38.0%, Debt 56.6%, Cash and equivalents 5.4%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| Bank of Baroda - 05/02/2027 | Money_market | 6.41% |
| Export Import Bank of India - 01/03/2027 | Money_market | 6.38% |
| Kotak Mahindra Bank Ltd - 09/03/2027 | Money_market | 6.37% |
| Canara Bank - 12/03/2027 | Money_market | 6.37% |
| 364 Days - T Bill - 03/12/2026 | Money_market | 5.20% |
| Embassy Office Parks REIT - 12/03/2027 | Money_market | 5.09% |
| Indian Bank - 24/05/2027 | Money_market | 5.02% |
| TREPS | Cash | 4.37% |
| National Bank for Agriculture & Rural Development - 7.48% - 15/09/2028 | Equity | 3.92% |
| LIC Housing Finance Ltd - 6.9% - 17/09/2027 | Equity | 3.90% |

## Managers

- [Sandeep Agarwal](https://discovermf.com/fund-managers/sandeep-agarwal), since 31 Dec 2021
- [Dwijendra Srivastava](https://discovermf.com/fund-managers/dwijendra-srivastava), since 16 May 2022

## Objective

To generate regular income & capital appreciation through investments in debt securities and money market instruments. No Guarantee: Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Scheme. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or Trustees by the Asset management Company.