Sundaram ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 26-12-2024
₹ 522.79
Inception Returns
16.3%
/yr
About Sundaram ELSS Tax Saver Fund Direct Growth
Sundaram ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sudhir Kedia, Rohit Seksaria. The fund could potentially beat inflation in the long-run.
Key Parameters
- Sundaram ELSS Tax Saver Fund Direct Growth has ₹1356 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.7.
Returns
Sundaram ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.22%, 15.96% and 19.46% respectively.
Holdings
Sundaram ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Communication, Consumer Defensive, Energy, Basic Materials, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Sundaram ELSS Tax Saver Fund Direct Growth
To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors. The scheme aims at providing returns through capital appreciation.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Sundaram ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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166 people have invested ₹ 9.5L in Sundaram ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Sundaram ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Sundaram ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.67% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1356 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 29.6% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (26-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
68.4%
Mid cap
15.4%
Small cap
12%
Sector Allocation
Financial Services
33.8%
Industrial
13.7%
Consumer Cyclical
11%
Health
8.8%
Tech
8.5%
Communication
6.9%
Consumer Defensive
6.5%
Energy
5.6%
Basic Materials
3.6%
Utilities
1.5%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.39% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.99% in Nov'24
- AUM of the fund stands at 1.4K Cr as of Nov'24
- AUM increased by 4.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 7.68% to 7.92%
IndusInd Bank Ltd's allocation increased from 1.17% to 1.4%
Infosys Ltd's allocation increased from 3.98% to 4.19%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.28 % to 4.14 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 2.74 % to 2.63 %
Axis Bank Ltd's allocation decreased from 2.67 % to 2.61 %
Mid Cap allocation has gone down from 15.8% to 15.4%
Large Cap allocation has gone down from 68.9% to 68.4%
Small Cap allocation has gone down from 12.5% to 12%
Cash allocation has gone up from 2% to 2.1%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
34%
Industrial
14%
Consumer Cyclical
11%
Oct'24
Financial Services
35%
Industrial
14%
Consumer Cyclical
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.92% | 0% | |
 ICICI Bank Ltd | 7.07% | 0% | |
 Infosys Ltd | 4.19% | 0% | |
 Reliance Industries Ltd | 4.14% | 0% | |
 Larsen & Toubro Ltd | 3.16% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Laurus Labs Ltd | 6.6% |
 Infosys Ltd | 1% |
 HDFC Bank Ltd | 0.7% |
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Sudhir Kedia
Fund Manager of Sundaram ELSS Tax Saver Fund Direct Growth, since 29 October 2019
Top funds managed
Rohit Seksaria
Fund Manager of Sundaram ELSS Tax Saver Fund Direct Growth, since 1 January 2022
Top funds managed
Fund House
Sundaram Asset Management Company Ltd
Total Schemes
Total AUM
₹68.77K Cr
as on 29-Nov-2024
Address
Sundaram Asset Management Company Limited,Sundaram Towers,,2nd Floor, 46 Whites Road,,Royapettah,
Phone
+914428583362/3367
Website
rahulm@sundarammutual.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.93% return, outperforming this fund by 33.71%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 29.93% return, outperforming this fund by 13.97% per annum.
Over the last 3 months, this fund has experienced a 3.9% drop in AUM moving from 1.41K Cr to 1.35K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.44% return, outperforming this fund by 12.97% per annum.
Sundaram ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.29% since inception which is more than its category average return of 15.67%
Fund Allocations
This fund has an allocation of 97.85% in Equity, 0% in Debt and 2.15% in Cash related instruments
AUM size ₹1356 Cr
This fund has AUM of ₹1356 Cr which is less than its category average of ₹ 3945 Cr
Expense Ratio 1.67%
This fund has an expense ratio of 1.67% which is more than its category average expense ratio of 1.45%
Frequently Asked Questions for Sundaram ELSS Tax Saver Fund Direct Growth
The current NAV of Sundaram ELSS Tax Saver Fund Direct Growth is ₹522.79 as on 26-Dec-2024.
Existing (Absolute + CAGR) as on 26-Dec-2024.
Sundaram ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.43% | 1.43% |
6 Month Returns | 1.86% | 1.86% |
1 Year Returns | 18.22% | 18.22% |
3 Years Returns | 55.94% | 15.96% |
5 Years Returns | 143.33% | 19.46% |
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1.67% as on November 2024
₹1356 Cr as on November 2024
HDFC Bank Ltd(7.92%), ICICI Bank Ltd(7.07%), Infosys Ltd(4.19%), Reliance Industries Ltd(4.14%), Larsen & Toubro Ltd(3.16%) as on November 2024
Financial Services(33.12%), Industrial(13.43%), Consumer Cyclical(10.78%) as on November 2024
The alpha ratio for the Sundaram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Sundaram ELSS Tax Saver Fund Direct Growth | 0.42 | 0.55 | 1 |
As on November 2024
The alpha for Sundaram ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Sundaram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Sundaram ELSS Tax Saver Fund Direct Growth | 0.82 | 0.87 | 0.92 |
As on November 2024
The Beta for Sundaram ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Sundaram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Sundaram ELSS Tax Saver Fund Direct Growth | 1.41 | 0.8 | 0.81 |
As on November 2024
The sharpe ratio for Sundaram ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Sundaram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Sundaram ELSS Tax Saver Fund Direct Growth | 11.01 | 12.11 | 17.9 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.4 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sudhir Kedia, Rohit Seksaria are the fund managers of Sundaram ELSS Tax Saver Fund Direct Growth
The Exit load of Sundaram ELSS Tax Saver Fund Direct Growth is 0%