LIC MF Short Term Fund vs Sundaram Corporate Bond Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Short Term Fund is a Short Duration fund and Sundaram Corporate Bond Fund is a Corporate Bond fund. In the 3 years to 30-10-2026, LIC MF Short Term Fund (Direct) returned 7.3% a year and Sundaram Corporate Bond Fund (Direct) returned 6.8% a year. LIC MF Short Term Fund charges 0.36% a year and Sundaram Corporate Bond Fund 0.33% (Direct plans). Their portfolios overlap 12.7%: they hold 4 of the same securities.
LIC MF Short Term Fund
Short Duration
- 3 year return
- 7.3%
- Expense ratio
- 0.36%
- NAV
- ₹16.64
Sundaram Corporate Bond Fund
Corporate Bond
- 3 year return
- 6.8%
- Expense ratio
- 0.33%
- NAV
- ₹44.03
Which is better, LIC MF Short Term or Sundaram Corporate Bond? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Short Term returned more over 5 years: 6.2% a year against 6.0%.
- LIC MF Short Term returned more over 3 years: 7.3% a year against 6.8%.
- Sundaram Corporate Bond costs less: 0.33% a year against 0.36% (Direct plans).
- LIC MF Short Term swung less over 3 years: a standard deviation of 1.0% a year against 1.1%.
- LIC MF Short Term fell less in its worst fall since 04-02-2019: −2.3% against −3.0%.
- Sundaram Corporate Bond is the larger fund: ₹619 Cr against ₹122 Cr.
- Their portfolios overlap 12.7%: 4 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | LIC MF Short Term Fund | Sundaram Corporate Bond Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Sundaram Mutual Fund |
| Category | Short Duration | Corporate Bond |
| AUM | ₹122 Cr (30-09-2026) | ₹619 Cr (30-09-2026) |
| NAV | ₹16.64 (Direct) | ₹44.03 (Direct) |
| Expense ratio (Direct) | 0.36% | 0.33% |
| Expense ratio (Regular) | 1.14% | 0.56% |
| Riskometer | Moderate | Moderate |
| Benchmark | CRISIL Short Duration Debt A-II Index | NIFTY Corporate Bond Index A-II |
| Launch date | 01-02-2019 | 29-12-2004 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Pratik Harish Shroff, Rahul Singh | Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah |
| Exit load | Nil | NIL |
LIC MF Short Term vs Sundaram Corporate Bond: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| LIC MF Short Term Fund (Direct) | −0.22% | +0.23% | +2.59% | +4.52% | +7.29% | +6.23% | -- |
| Sundaram Corporate Bond Fund (Direct) | −0.26% | +0.09% | +2.22% | +3.64% | +6.82% | +5.99% | +6.84% |
| Short Duration average | −0.14% | +0.30% | +2.50% | +4.11% | +6.88% | +6.62% | -- |
| Corporate Bond average | −0.24% | +0.05% | +2.31% | +4.00% | +7.02% | +6.20% | +6.98% |
Category average: the average of the 25 Short Duration funds and the 21 Corporate Bond funds, same plan type.
LIC MF Short Term vs Sundaram Corporate Bond: Year-wise Returns
| Year | LIC MF Short TermLIC MF Short Term | Sundaram Corporate BondSundaram Corporate Bond |
|---|---|---|
| 2026to date | +3.74% | +2.98% |
| 2025 | +8.07% | +7.79% |
| 2024 | +8.49% | +8.23% |
| 2023 | +7.29% | +6.49% |
| 2022 | +3.11% | +3.92% |
| 2021 | +3.29% | +3.76% |
LIC MF Short Term vs Sundaram Corporate Bond: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,145 of them, one for each trading day from 04-02-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
LIC MF Short Term Fund (Direct)
Sundaram Corporate Bond Fund (Direct)
to
Jun 2022Apr 2020
to
Apr 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Short Term | 0.0 | 16.9 | 83.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.2% | 6.0% | 4.3% | 8.2% |
| Sundaram Corporate Bond | 0.0 | 11.9 | 88.1 | 0.0 | 0.0 | 0.0 | 0.0 | 6.4% | 6.4% | 4.5% | 8.8% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 04-02-2019. Past returns do not promise future returns.
LIC MF Short Term vs Sundaram Corporate Bond: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 04-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Short TermLIC MF Short Term Fund (Direct) | ₹9,30,000 | ₹11,96,797 | ₹2,66,797 | 6.4% |
| Sundaram Corporate BondSundaram Corporate Bond Fund (Direct) | ₹9,30,000 | ₹11,90,056 | ₹2,60,056 | 6.3% |
LIC MF Short TermLIC MF Short Term Fund (Direct)
Sundaram Corporate BondSundaram Corporate Bond Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
LIC MF Short Term vs Sundaram Corporate Bond: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Short Term Fund (Direct) | Sundaram Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.52% | +3.64% |
| Standard deviation | 1.30% | 1.26% |
| Sharpe ratio | -0.56 | -1.27 |
| Sortino ratio | -0.83 | -1.68 |
| Maximum drawdown | −0.8% (02-04-2026) | −0.6% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | LIC MF Short Term Fund (Direct) | Sundaram Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.29% | +6.82% |
| Standard deviation | 1.01% | 1.07% |
| Sharpe ratio | 1.24 | 0.75 |
| Sortino ratio | 1.95 | 1.08 |
| Maximum drawdown | −0.8% (02-04-2026) | −0.6% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | LIC MF Short Term Fund (Direct) | Sundaram Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.23% | +5.99% |
| Standard deviation | 0.96% | 0.93% |
| Sharpe ratio | 0.45 | 0.20 |
| Sortino ratio | 0.65 | 0.28 |
| Maximum drawdown | −1.1% (09-05-2022) | −0.7% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | LIC MF Short Term Fund (Direct) | Sundaram Corporate Bond Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.82% | +7.32% |
| Standard deviation | 1.32% | 2.84% |
| Sharpe ratio | 1.23 | 0.47 |
| Sortino ratio | 2.06 | 0.65 |
| Maximum drawdown | −2.3% (23-03-2020) | −11.0% (19-08-2013) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 04-02-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
LIC MF Short Term Fund (Direct)
Sundaram Corporate Bond Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Short Term Fund (Direct) | −2.3% | 06-03-2020 | 23-03-2020 | 17-04-2020 | 25 days | −0.3% |
| Sundaram Corporate Bond Fund (Direct) | −3.0% | 04-03-2020 | 24-03-2020 | 17-04-2020 | 24 days | −0.5% |
From daily values since 04-02-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Short Term Fund (Direct)
Sundaram Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Short Term Fund (Direct)
Sundaram Corporate Bond Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Short Term Fund (Direct)
Sundaram Corporate Bond Fund (Direct)
LIC MF Short Term vs Sundaram Corporate Bond: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Short Term Fund, September 2026; Sundaram Corporate Bond Fund, September 2026
Holdings in common
- Overlap
- 12.7%
- Held by both
- 4
- Only in LIC MF Short Term
- 13
- Only in Sundaram Corporate Bond
- 31
| Security | % of LIC MF Short Term | % of Sundaram Corporate Bond |
|---|---|---|
| 7.37% Indian Railway Finance Corporation Ltd. | 4.22% | 6.41% |
| 7.48% National Bk for Agriculture & Rural Dev. | 8.20% | 4.02% |
| 6.94% Government of India | 4.15% | 3.97% |
| SBI CDMDF--A2 | 0.61% | 0.50% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.7% means 12.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in LIC MF Short Term Fund
| Security | % of fund |
|---|---|
| 7.45% Bharti Telecom Ltd. | 8.56% |
| 7.65% State Government of Karnataka | 8.51% |
| 8.95% 360 One Prime Ltd. | 8.46% |
| 7.49% National Highways Authority of India | 8.33% |
| 6.61% Power Finance Corporation Ltd. | 8.27% |
Largest holdings only in Sundaram Corporate Bond Fund
| Security | % of fund |
|---|---|
| LIC Housing Finance Ltd - 7.7% - 16/05/2028 | 4.83% |
| Power Finance Corporation Ltd - 7.75% - 11/06/2030 | 4.83% |
| National Bank for Agriculture & Rural Development - 6.66% - 12/10/2028 | 4.75% |
| Small Industries Development Bank of India - 7.83% - 24/11/2028 | 4.04% |
| REC LTD - 7.46% - 30/06/2028 | 4.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Short Term | Sundaram Corporate Bond |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 95.8% | 90.9% |
| Cash and others | 4.2% | 9.1% |
LIC MF Short Term vs Sundaram Corporate Bond: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Short Term Fund | Sundaram Corporate Bond Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.36% | 0.33% |
| Base expense ratio (Direct) | 0.30% | 0.27% |
| Total expense ratio (Regular) | 1.14% | 0.56% |
| Base expense ratio (Regular) | 1.00% | 0.47% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare LIC MF Short Term with
LIC MF Short Term Fund vs Sundaram Corporate Bond Fund: Frequently Asked Questions
What is the difference between LIC MF Short Term Fund and Sundaram Corporate Bond Fund?
LIC MF Short Term Fund is a Short Duration fund, Sundaram Corporate Bond Fund is a Corporate Bond fund, run by LIC Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 12.7%. LIC MF Short Term Fund charges 0.36% a year and Sundaram Corporate Bond Fund 0.33%.
Which has given higher returns, LIC MF Short Term Fund or Sundaram Corporate Bond Fund?
Over 1 year: LIC MF Short Term Fund +4.52%, Sundaram Corporate Bond Fund +3.64%. Over 3 years: LIC MF Short Term Fund +7.29% a year, Sundaram Corporate Bond Fund +6.82% a year. Over 5 years: LIC MF Short Term Fund +6.23% a year, Sundaram Corporate Bond Fund +5.99% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Short Term Fund or Sundaram Corporate Bond Fund?
Sundaram Corporate Bond Fund charges less: 0.33% a year against 0.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Short Term Fund and Sundaram Corporate Bond Fund overlap?
12.7%. They hold 4 of the same securities, the largest shared ones being 7.37% Indian Railway Finance Corporation Ltd., 7.48% National Bk for Agriculture & Rural Dev., 6.94% Government of India. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Short Term Fund or Sundaram Corporate Bond Fund?
On SEBI's riskometer, LIC MF Short Term Fund is rated Moderate and Sundaram Corporate Bond Fund Moderate. Over 3 years, the standard deviation of daily returns was 1.01% and 1.07% a year.
Which is better for SIP, LIC MF Short Term Fund or Sundaram Corporate Bond Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,23,285 in LIC MF Short Term Fund (XIRR 6.6% a year) and ₹7,14,802 in Sundaram Corporate Bond Fund (XIRR 6.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Short Term Fund and Sundaram Corporate Bond Fund?
Yes. 12.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Short Term Fund and Sundaram Corporate Bond Fund?
LIC MF Short Term Fund: Pratik Harish Shroff, Rahul Singh. Sundaram Corporate Bond Fund: Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.