About Sundaram Low Duration Fund Direct-Growth
Sundaram Low Duration Fund Direct-Growth 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 ₹489.50 Crores and the latest NAV decalared is ₹25.131 as on 13 Dec 2019 at 10:05 pm.
Sundaram Low Duration Fund Direct-Growth scheme return performance in last 1 year is -1.88%, in last 3 years is 13.11% and 60.61% 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.