MonitorDirect · GrowthWatch before adding
Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund)
Sundaram Mutual FundIncome/Debt Oriented Schemes - Ultra Short to Short Term Fund4.8 years
- NAV
- 4,010.0036
- 29 Oct 2026
- 1Y
- +5.7%
- Trailing CAGR
- AUM
- ₹381 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.5% 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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer HSBC Ultra Short to Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Watch
4.8 years - usable, still building a track record.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.40% 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
Watch
53% 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 ≈ 53.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+5.7%
- 3Y+7.2%
- 5Yn/a
- 10Yn/a
- SI+6.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.7%
- 3Y+6.7%
- 5Yn/a
- 10Yn/a
- Since inception
- +6.7%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +53%
- Windows beating the median
- 3Y percentile
- 37
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +6.7%
- 441 daily-ending windows
- Median rolling 3Y
- +7.4%
- 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
- +17%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 77 recovered episodes
- Longest recovery
- 20 days
- Trough to prior peak
2 May 2022 – 25 May 2022
Trough 5 May 2022 · recovered in 20 days
-0.2%
8 May 2026 – 1 Jun 2026
Trough 21 May 2026 · recovered in 11 days
-0.2%
13 Oct 2026 – 29 Oct 2026
Trough 23 Oct 2026 · recovered in 6 days
-0.1%
6 Jul 2026 – 16 Jul 2026
Trough 8 Jul 2026 · recovered in 8 days
-0.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
37
Vs category
49
Consistency
54
Risk-adjusted
100
Drawdown
99
Mean
68
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 34 holdings · top 10 are 53.0%.
- Top 5
- 30.7%
- Top 10
- 53.0%
- Largest holding
- 6.4%
- Effective holdings
- 25.0
BANK OF BARODA CD 05FEB27
Financial
6.4%
EXPORT IMPORT BANK OF INDIA CD 01MAR27
Financial
6.4%
KOTAK MAHINDRA BANK LIMITED CD 09MAR27
Financial
6.4%
CANARA BANK CD 12MAR27
Financial
6.4%
GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100
Financial
5.2%
What changed
DECISION
Status moved from MONITOR to REVIEW.
7 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Ultra Short to Short Term Fund
HSBC Mutual Fund
- 1Y
- +5.8%
- 3Y
- +7.7%
- Vol
- 0.8%
- Max DD
- -0.2%
- Sharpe
- 2.14
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Axis Ultra Short to Short Term Fund
Axis Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.7%
- Max DD
- -1.5%
- Sharpe
- 2.52
- 3Y win
- +84%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Franklin India Ultra Short to Short Term Fund
Franklin Templeton Mutual Fund
- 1Y
- +6.0%
- 3Y
- n/a
- Vol
- 0.6%
- Max DD
- -0.1%
- Sharpe
- 2.03
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Mahindra Manulife Ultra Short to Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +5.9%
- 3Y
- +7.3%
- Vol
- 0.6%
- Max DD
- -1.0%
- Sharpe
- 1.57
- 3Y win
- +77%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Nippon India Ultra Short to Short Term Fund
Nippon India Mutual Fund
- 1Y
- +6.0%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -2.0%
- Sharpe
- 1.94
- 3Y win
- +67%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown