HealthyDirect · GrowthFit for a long SIP
Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)
Sundaram Mutual FundIncome/Debt Oriented Schemes - Ultra Short Term Fund4.8 years
- NAV
- 3,183.2603
- 29 Oct 2026
- 1Y
- +6.4%
- Trailing CAGR
- AUM
- ₹2,107.99 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
4.8 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.22% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -0.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 34.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+6.4%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- SI+6.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.5%
- 3Y+6.9%
- 5Yn/a
- 10Yn/a
- Since inception
- +6.8%
- Calendar-day CAGR
- Excess 1Y
- +0.0%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 61
- Vs comparable share classes
- SIP 3Y XIRR
- +6.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.7%
- 441 daily-ending windows
- Median rolling 3Y
- +7.3%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -0.2%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +7%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 35 recovered episodes
- Longest recovery
- 17 days
- Trough to prior peak
2 May 2022 – 23 May 2022
Trough 6 May 2022 · recovered in 17 days
-0.2%
19 Oct 2026 – 27 Oct 2026
Trough 22 Oct 2026 · recovered in 5 days
-0.1%
6 Jul 2026 – 10 Jul 2026
Trough 8 Jul 2026 · recovered in 2 days
-0.1%
19 May 2026 – 27 May 2026
Trough 21 May 2026 · recovered in 6 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
61
Vs category
50
Consistency
91
Risk-adjusted
100
Drawdown
100
Mean
80
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 59 holdings · top 10 are 34.7%.
- Top 5
- 21.6%
- Top 10
- 34.7%
- Largest holding
- 5.3%
- Effective holdings
- 42.0
PUNJAB NATIONAL BANK CD 05FEB27
Financial
5.3%
AXIS BANK LIMITED CD 07DEC26
Financial
4.7%
PILANI INVESTMENTS AND INDUSTRIES CORPORATION LIMITED 365D CP 11MAR27
Financial
4.6%
THE FEDERAL BANK LIMITED CD 10DEC26
Financial
3.5%
Small Industries Dev Bank of India (18/02/2027) **
Financial
3.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Ultra Short-Term Fund
Mirae Asset Mutual Fund
- 1Y
- +6.5%
- 3Y
- +7.3%
- Vol
- 0.4%
- Max DD
- -0.2%
- Sharpe
- 0.91
- 3Y win
- +95%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
ITI Ultra Short Term Fund
ITI Mutual Fund
- 1Y
- +6.3%
- 3Y
- +7.0%
- Vol
- 0.3%
- Max DD
- -0.2%
- Sharpe
- 0.86
- 3Y win
- 0%
- Lower volatility
- Lower TER
Caveat: Deeper drawdown · Lower trailing returns
Aditya Birla Sun Life Ultra Short Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.4%
- 3Y
- +7.4%
- Vol
- 0.6%
- Max DD
- -1.2%
- Sharpe
- 2.73
- 3Y win
- +100%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Aditya Birla Sun Life Ultra Short Term Fund-Retail
Aditya Birla Sun Life Mutual Fund
- 1Y
- +6.2%
- 3Y
- +7.2%
- Vol
- n/a
- Max DD
- -1.2%
- Sharpe
- n/a
- 3Y win
- n/a
- Higher trailing returns
Caveat: Deeper drawdown
Axis Ultra Short Term Fund
Axis Mutual Fund
- 1Y
- +6.6%
- 3Y
- +7.4%
- Vol
- 0.5%
- Max DD
- -0.8%
- Sharpe
- 1.63
- 3Y win
- +100%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER