DebtShort Duration FundRegularIDCWLow to Moderate

Sundaram Short Term Fund

Q: What is the NAV of Sundaram Short Term Fund?

As of 01 Oct 2026, the NAV of Sundaram Short Term Fund is ₹13.05 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Sundaram Short Term Fund delivered?

Sundaram Short Term Fund has returned -1.08% over 1 year, +0.48% per year over 3 years and +0.32% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Sundaram Short Term Fund?

Sundaram Short Term Fund charges an expense ratio of 0.80% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Sundaram Short Term Fund?

Sundaram Short Term Fund's largest holdings are PNB Housing Finance Ltd - 8.15% - 29/07/2027 (5.6%), Power Finance Corporation Ltd - 7.77% - 15/04/2028 (5.6%), Export Import Bank of India - 7.35% - 27/07/2028 (5.6%), REC LTD - 7.28% - 31/08/2029 (5.5%) and National Bank for Agriculture & Rural Development - 6.66% - 12/10/2028 (5.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Sundaram Short Term Fund?

Sundaram Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.5% and its worst peak-to-trough fall in our sample was -2.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -2.42 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Sundaram Short Term Fund's -2.42 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Sundaram Short Term Fund?

Sundaram Short Term Fund is benchmarked against the Nifty Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages Sundaram Short Term Fund?

Sundaram Short Term Fund is managed by Sandeep Agarwal, Kumaresh Ramakrishnan and Ronak Shah at Sundaram.

Q: How is Sundaram Short Term Fund taxed?

Sundaram Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Sundaram Mutual Fund · Best Short Duration Mutual Funds

NAV

₹13.05

-0.02% 1D

as of 01 Oct 2026

This is the Regular plan of Sundaram Short Term Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+6.81% 3Y CAGR)

NAV history

-0.95%CAGR

52-week rangePrev NAV ₹13.05

Latest ₹13.05

Low ₹12.8949th percentile of its 52-week rangeHigh ₹13.22

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Short Duration Fund peers to rank yet

Risk—

Volatility 2.5% (no category average yet)

Cost—

0.8% expense (no category average yet)

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.80%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-2.42

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Short Duration Debt Index A-II

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jan 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.19%

Absolute return over the last 3 months (not annualized)

-0.51%

Absolute return over the last 6 months (not annualized)

+0.32%

Absolute return since 1 Jan of this year (not annualized)

-0.59%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.08%

3-year annualized return (CAGR)

+0.48%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.32%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

2.48%

Excess return per unit of total volatility (rf = 6.5%)

-2.42

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-2.49

Largest peak-to-trough decline over full history

-2.51%

Benchmark ratios

Not shown for Short Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Short Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.19%	—	—
3M abs	-0.51%	—	—
6M abs	+0.32%	—	—
1Y CAGR	-1.08%	—	—
3Y CAGR	+0.48%	—	—
5Y CAGR	—	—	—

Category average across peers in Short Duration Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.62L

Absolute

+0.65%

XIRR

+0.44%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Sundaram Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-0.59%
2025	+1.95%
2024	-0.07%
2023	+0.11%
2022part	+0.15%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

1,150

Expense ratio

0.80%

YTM

7.31%

Macaulay duration

1.67 years

Average maturity

1.85 years

Exit load

NIL

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Short Duration Fund

Compare all


Sundaram Short Term FundThis fund Sundaram · Regular · IDCW	—	-1.08%	+0.48%	—	—	0.80%	—
Bandhan Short Term Fund Bandhan · Regular · Periodic IDCW	—	+5.57%	+7.19%	+6.00%	—	—	—
Axis Short Term Fund Axis · Regular · IDCW	—	+5.05%	+7.13%	+6.14%	—	0.93%	—
Nippon India Short Term Fund Nippon India · Regular · IDCW	—	+4.73%	+6.99%	+5.97%	—	0.94%	—
Bank of India Short Term Fund Bank of India · Regular · Quarterly IDCW	—	+4.45%	+6.99%	+10.27%	—	1.19%	—
Bank of India Short Term Fund Bank of India · Regular · Monthly IDCW	—	+4.45%	+6.99%	+10.28%	—	1.19%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt93.88%
Cash & Equivalents6.12%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

PNB Housing Finance Ltd - 8.15% - 29/07/2027

5.63%

Power Finance Corporation Ltd - 7.77% - 15/04/2028

5.62%

Export Import Bank of India - 7.35% - 27/07/2028

5.61%

REC LTD - 7.28% - 31/08/2029

5.55%

National Bank for Agriculture & Rural Development - 6.66% - 12/10/2028

5.50%

Punjab National Bank - 05/02/2027

5.45%

Union Bank of India - 16/03/2027

5.41%

Small Industries Development Bank of India - 7.42% - 12/03/2029

4.46%

Cholamandalam Investment and Finance Company Ltd - 8.54% - 12/04/2029

2.82%

LIC Housing Finance Ltd - 7.95% - 29/01/2028

2.81%

AMC Profile

Sundaram Mutual Fund is run by Sundaram Asset Management, part of the Chennai-based Sundaram Finance group, and has been in business since 1996. It absorbed Principal Mutual Fund's schemes in 2021 and has a long-standing small- and mid-cap franchise.

Launched

25 Feb 1996

Total AUM

₹76,929Cr+2.7% QoQ

Avg AUM · April - June 2026

Website

sundarammutual.com

Fund Managers

SASandeep AgarwalStart date not disclosed

Education

B.Com, MBA, FRM, ICWA B.Com, ACA, CS

Experience

Sundaram Asset Management Co. Apr 2018 to till date Head Investment Research & Fund Manager Jan 2016 to Apr 2018 SPM Fund Manager Jul 2012 – Dec 2015 Fund Manager Aug 2004 – Jul 2012 Research Analyst May 2002 - Jul 2004 Navia Markets Research Analyst Sundaram Asset Management Co Ltd. Sep 2012 – till date Fund Manager – Fixed Income Oct 2010 – Sep 2012 Dealer – Fixed Income Deutsche Asset Management India Pvt. Ltd. Apr 2008 – Oct 2010 Management Trainee - Fixed Income

Funds managed (12)

All schemes Sandeep Agarwal runs →

KRKumaresh RamakrishnanStart date not disclosed

Role

Credit & Fund Manager Sr.Manager

Education

M.B.A – Finance and BE

Experience

• 2022 - 2025 - Credit Consultant - Sundaram Asset Management Company Limited • 2016 -2021 - CIO - Fixed Income - PGIM India Asset Management • 2015- Till Date - MIS, Data analysis, Client

RSRonak ShahStart date not disclosed

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sandeep Agarwal

Sundaram in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Short Duration funds

Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.

Frequently asked questions

What is the NAV of Sundaram Short Term Fund?

As of 01 Oct 2026, the NAV of Sundaram Short Term Fund is ₹13.05 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Sundaram Short Term Fund delivered?

Sundaram Short Term Fund has returned -1.08% over 1 year, +0.48% per year over 3 years and +0.32% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Sundaram Short Term Fund?

Sundaram Short Term Fund charges an expense ratio of 0.80% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Sundaram Short Term Fund?

Sundaram Short Term Fund's largest holdings are PNB Housing Finance Ltd - 8.15% - 29/07/2027 (5.6%), Power Finance Corporation Ltd - 7.77% - 15/04/2028 (5.6%), Export Import Bank of India - 7.35% - 27/07/2028 (5.6%), REC LTD - 7.28% - 31/08/2029 (5.5%) and National Bank for Agriculture & Rural Development - 6.66% - 12/10/2028 (5.5%). Holdings are disclosed monthly and change over time.

How risky is Sundaram Short Term Fund?

Sundaram Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.5% and its worst peak-to-trough fall in our sample was -2.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -2.42 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Sundaram Short Term Fund's -2.42 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Sundaram Short Term Fund?

Sundaram Short Term Fund is benchmarked against the Nifty Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages Sundaram Short Term Fund?

Sundaram Short Term Fund is managed by Sandeep Agarwal, Kumaresh Ramakrishnan and Ronak Shah at Sundaram.

How is Sundaram Short Term Fund taxed?

Sundaram Short Term Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.