Sundaram Money Market Fund vs Sundaram Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Money Market Fund is a Money Market fund and Sundaram Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, Sundaram Money Market Fund (Direct) returned 7.2% a year and Sundaram Ultra Short Term Fund (Direct) returned 7.2% a year. Sundaram Money Market Fund charges 0.20% a year and Sundaram Ultra Short Term Fund 0.22% (Direct plans). Their portfolios overlap 22.9%: they hold 18 of the same securities.
Sundaram Money Market Fund
Money Market
- 3 year return
- 7.2%
- Expense ratio
- 0.20%
- NAV
- ₹16.42
Sundaram Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.2%
- Expense ratio
- 0.22%
- NAV
- ₹3,183.87
Which is better, Sundaram Money Market or Sundaram Ultra Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Money Market returned more over 3 years: 7.2% a year against 7.2%.
- Sundaram Ultra Short Term returned more over 1 year: 6.4% against 6.3%.
- Sundaram Money Market costs less: 0.20% a year against 0.22% (Direct plans).
- Sundaram Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.4%.
- Sundaram Money Market fell less in its worst fall since 03-01-2022: −0.1% against −0.2%.
- Sundaram Ultra Short Term is the larger fund: ₹2,108 Cr against ₹1,338 Cr.
- Their portfolios overlap 22.9%: 18 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 | Sundaram Money Market Fund | Sundaram Ultra Short Term Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Sundaram Mutual Fund |
| Category | Money Market | Ultra Short |
| AUM | ₹1,338 Cr (30-09-2026) | ₹2,108 Cr (30-09-2026) |
| NAV | ₹16.42 (Direct) | ₹3,183.87 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.22% |
| Expense ratio (Regular) | 0.38% | 1.38% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | NIFTY Money Market Index A-I | NIFTY Ultra Short Duration Debt Index A-I |
| Launch date | 26-09-2018 | 01-01-2013 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Sandeep Agarwal, Kumaresh Ramakrishnan | Sandeep Agarwal, Kumaresh Ramakrishnan, Ronak Shah |
| Exit load | NIL | NIL |
Sundaram Money Market vs Sundaram Ultra Short Term: 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 |
|---|---|---|---|---|---|---|---|
| Sundaram Money Market Fund (Direct) | +0.35% | +1.53% | +3.37% | +6.35% | +7.21% | +6.57% | -- |
| Sundaram Ultra Short Term Fund (Direct) | +0.37% | +1.52% | +3.30% | +6.39% | +7.20% | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | -- | -- |
Category average: the average of the 27 Money Market funds and the 26 Ultra Short funds, same plan type.
Sundaram Money Market vs Sundaram Ultra Short Term: Year-wise Returns
| Year | Money MarketSundaram Money Market | Ultra Short TermSundaram Ultra Short Term |
|---|---|---|
| 2026to date | +5.27% | +5.33% |
| 2025 | +7.53% | +7.27% |
| 2024 | +7.62% | +7.78% |
| 2023 | +7.12% | +7.36% |
| 2022 | +4.72% | -- |
| 2021 | +3.45% | -- |
Sundaram Money Market vs Sundaram Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 441 of them, one for each trading day from 03-01-2025 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.
Sundaram Money Market Fund (Direct)
Sundaram Ultra Short Term Fund (Direct)
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sundaram Money Market | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.3% | 6.5% | 7.5% |
| Sundaram Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3% | 7.3% | 6.7% | 7.5% |
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 03-01-2022. Past returns do not promise future returns.
Sundaram Money Market vs Sundaram Ultra Short Term: 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 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram Money MarketSundaram Money Market Fund (Direct) | ₹5,80,000 | ₹6,87,872 | ₹1,07,872 | 7.0% |
| Sundaram Ultra Short TermSundaram Ultra Short Term Fund (Direct) | ₹5,80,000 | ₹6,88,255 | ₹1,08,255 | 7.0% |
Sundaram Money MarketSundaram Money Market Fund (Direct)
Sundaram Ultra Short TermSundaram Ultra Short Term 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.
Sundaram Money Market vs Sundaram Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram Money Market Fund (Direct) | Sundaram Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.35% | +6.39% |
| Standard deviation | 0.51% | 0.42% |
| Sharpe ratio | 2.14 | 2.75 |
| Sortino ratio | 3.44 | 4.74 |
| Maximum drawdown | −0.1% (22-05-2026) | −0.1% (22-10-2026) |
| 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 | Sundaram Money Market Fund (Direct) | Sundaram Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.21% | +7.20% |
| Standard deviation | 0.42% | 0.36% |
| Sharpe ratio | 2.84 | 3.25 |
| Sortino ratio | 5.28 | 6.62 |
| Maximum drawdown | −0.1% (22-05-2026) | −0.1% (22-10-2026) |
| 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 | Sundaram Money Market Fund (Direct) | Sundaram Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.31% | +6.77% |
| Standard deviation | 0.46% | 0.35% |
| Sharpe ratio | 2.32 | 2.56 |
| Sortino ratio | 4.66 | 4.97 |
| Maximum drawdown | −0.7% (24-03-2020) | −0.2% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-09-2018 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.
Sundaram Money Market Fund (Direct)
Sundaram Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram Money Market Fund (Direct) | −0.1% | 11-05-2026 | 22-05-2026 | 29-05-2026 | 7 days | 0.0% |
| Sundaram Ultra Short Term Fund (Direct) | −0.2% | 02-05-2022 | 06-05-2022 | 23-05-2022 | 17 days | 0.0% |
From daily values since 03-01-2022, 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.
Sundaram Money Market Fund (Direct)
Sundaram Ultra Short Term 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.
Sundaram Money Market Fund (Direct)
Sundaram Ultra Short Term Fund (Direct)
Sundaram Money Market vs Sundaram Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Money Market Fund, September 2026; Sundaram Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 22.9%
- Held by both
- 18
- Only in Sundaram Money Market
- 18
- Only in Sundaram Ultra Short Term
- 38
| Security | % of Sundaram Money Market | % of Sundaram Ultra Short Term |
|---|---|---|
| Small Industries Development Bank of India - 18/02/2027 | 3.64% | 3.47% |
| Punjab National Bank - 04/02/2027 | 4.75% | 2.78% |
| Kotak Mahindra Bank Ltd - 05/03/2027 | 3.63% | 2.31% |
| Punjab National Bank - 05/02/2027 | 1.83% | 5.33% |
| IIFL Finance Ltd - 02/11/2026 | 2.23% | 1.65% |
| Infina Finance Pvt Ltd - 01/03/2027 | 2.89% | 1.61% |
| Bank of Baroda - 08/03/2027 | 1.45% | 1.38% |
| Union Bank of India - 10/02/2027 | 1.82% | 1.16% |
| ICICI Bank Ltd - 25/03/2027 | 1.81% | 1.15% |
| Indian Bank - 15/06/2027 | 1.78% | 1.13% |
| LIC Housing Finance Ltd - 11/02/2027 | 5.83% | 0.93% |
| 91 Days - T Bill - 05/11/2026 | 0.74% | 2.36% |
| IndusInd Bank Ltd - 14/12/2026 | 0.74% | 0.70% |
| Canara Bank - 26/02/2027 | 4.36% | 0.69% |
| Muthoot Finance Ltd - 20/01/2027 | 0.37% | 0.93% |
| Bank of Baroda - 05/02/2027 | 0.37% | 1.16% |
| Indian Bank - 24/05/2027 | 0.36% | 2.27% |
| Corporate Debt Market Development Fund - Class A2 | 0.38% | 0.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.9% means 22.9% 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 Sundaram Money Market Fund
| Security | % of fund |
|---|---|
| The Federal Bank Ltd - 29/01/2027 | 5.48% |
| Embassy Office Parks REIT - 12/03/2027 | 3.98% |
| IDFC First Bank Ltd - 04/02/2027 | 3.65% |
| Canara Bank - 10/02/2027 | 3.65% |
| Small Industries Development Bank of India - 09/02/2027 | 3.65% |
Largest holdings only in Sundaram Ultra Short Term Fund
| Security | % of fund |
|---|---|
| Axis Bank Ltd - 07/12/2026 | 4.69% |
| Pilani Investment and Industries Corporation Ltd. - 11/03/2027 | 4.59% |
| The Federal Bank Ltd - 10/12/2026 | 3.51% |
| Kotak Mahindra Bank Ltd - 18/12/2026 | 3.28% |
| Small Industries Development Bank of India - 03/12/2026 | 2.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram Money Market | Sundaram Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 88.4% | 98.9% |
| Cash and others | 11.6% | 1.1% |
Sundaram Money Market vs Sundaram Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Money Market Fund | Sundaram Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.22% |
| Base expense ratio (Direct) | 0.16% | 0.19% |
| Total expense ratio (Regular) | 0.38% | 1.38% |
| Base expense ratio (Regular) | 0.32% | 1.25% |
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 Sundaram Money Market with
Compare Sundaram Ultra Short Term with
Sundaram Money Market Fund vs Sundaram Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Sundaram Money Market Fund and Sundaram Ultra Short Term Fund?
Sundaram Money Market Fund is a Money Market fund, Sundaram Ultra Short Term Fund is an Ultra Short fund, run by Sundaram Mutual Fund. Their portfolios overlap 22.9%. Sundaram Money Market Fund charges 0.20% a year and Sundaram Ultra Short Term Fund 0.22%.
Which has given higher returns, Sundaram Money Market Fund or Sundaram Ultra Short Term Fund?
Over 1 year: Sundaram Money Market Fund +6.35%, Sundaram Ultra Short Term Fund +6.39%. Over 3 years: Sundaram Money Market Fund +7.21% a year, Sundaram Ultra Short Term Fund +7.20% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Sundaram Money Market Fund or Sundaram Ultra Short Term Fund?
Sundaram Money Market Fund charges less: 0.20% a year against 0.22%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Money Market Fund and Sundaram Ultra Short Term Fund overlap?
22.9%. They hold 18 of the same securities, the largest shared ones being Small Industries Development Bank of India - 18/02/2027, Punjab National Bank - 04/02/2027, Kotak Mahindra Bank Ltd - 05/03/2027. From each fund's latest monthly portfolio.
Which is riskier, Sundaram Money Market Fund or Sundaram Ultra Short Term Fund?
On SEBI's riskometer, Sundaram Money Market Fund is rated Low to Moderate and Sundaram Ultra Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.42% and 0.36% a year.
Which is better for SIP, Sundaram Money Market Fund or Sundaram Ultra Short Term Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,12,120 in Sundaram Money Market Fund (XIRR 7.0% a year) and ₹4,11,926 in Sundaram Ultra Short Term Fund (XIRR 6.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Sundaram Money Market Fund and Sundaram Ultra Short Term Fund?
Yes. 22.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Sundaram Money Market Fund and Sundaram Ultra Short Term Fund?
Sundaram Money Market Fund: Sandeep Agarwal, Kumaresh Ramakrishnan. Sundaram Ultra Short Term 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.