Hybrid
Direct
Equity Savings
NAV as on 05-09-2024
₹ 77.78
Inception Returns
10.5%
/yr
Sundaram Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Dwijendra Srivastava, Sudhir Kedia, Rohit Seksaria. This fund gives you the benefit of diversification.
Sundaram Equity Savings Fund Direct Growth has given a CAGR return of 10.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.86%, 13.75% and 15.45% respectively.
Sundaram Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Consumer Cyclical, Tech, Energy, Industrial, Communication, Health, Basic Materials, Corporate, Consumer Defensive, Utilities, Real Estate.
As it is a equity savings mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The investment objective of the scheme is to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Sundaram Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.54% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹882 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 431.04% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Government & Consumer Cyclical
Sundaram Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.29% | 2.29% |
6 Month Returns | 10.18% | 10.18% |
1 Year Returns | 20.86% | 20.86% |
3 Years Returns | 47.19% | 13.75% |
5 Years Returns | 105.07% | 15.45% |
AAA | 100 |