About Sundaram Low Duration Fund Direct-Dividend Weekly
Sundaram Low Duration Fund Direct-Dividend Weekly is a Debt
mutual fund scheme from Sundaram Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Siddharth Chaudhary
and Dwijendra Srivastava
. It has an AUM of ₹553.92 Crores and the latest NAV decalared is ₹11.295 as on 14 Oct 2019 at 8:40 pm.
Sundaram Low Duration Fund Direct-Dividend Weekly scheme return performance in last 1 year is -1.52%, in last 3 years is 13.10% and 58.99% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.