Sundaram Financial Services Opportunities Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 21-11-2024
₹ 104.16
▲0.6%
1D
Inception Returns
14.4%
/yr
About Sundaram Financial Services Opportunities Fund Direct Growth
Sundaram Financial Services Opportunities Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Rohit Seksaria, Ashish Aggarwal. The fund could potentially beat inflation in the long-run.
Key Parameters
- Sundaram Financial Services Opportunities Fund Direct Growth has ₹1453 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Sundaram Financial Services Opportunities Fund Direct Growth has given a CAGR return of 14.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.83%, 16.92% and 16.57% respectively.
Holdings
Sundaram Financial Services Opportunities Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Bajaj Finance Ltd, State Bank of India
Taxation
As it is a sector - financial services 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 Financial Services Opportunities Fund Direct Growth
To seek long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services sector.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Sundaram Financial Services Opportunities Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
1813 people have invested ₹ 92.1L in Sundaram Financial Services Opportunities Fund Direct Growth in the last three months
INDmoney Rank for Sundaram Financial Services Opportunities Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Sundaram Financial Services Opportunities Fund Direct Growth Overview
| Expense ratio | 0.77% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1453 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 70.91% |
| STCG | Redeeming 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
61.2%
Small cap
27.3%
Mid cap
6.8%
Sector Allocation
Financial Services
100%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.77% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.75% in Oct'24
- AUM of the fund stands at 1.5K Cr as of Oct'24
- AUM increased by 8.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 8.13% to 13.21%
Multi Commodity Exchange of India Ltd's allocation increased from 1.18% to 3.07%
Bajaj Finance Ltd's allocation increased from 3.73% to 5.39%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 13.78 % to 13.03 %
Axis Bank Ltd's allocation decreased from 9.24 % to 9.06 %
State Bank of India's allocation decreased from 5 % to 5 %
Small Cap allocation has gone down from 30% to 27.3%
Mid Cap allocation has gone up from 6.6% to 6.8%
Large Cap allocation has gone up from 58.6% to 61.2%
Debt allocation has gone up from 0% to 1%
Cash allocation has gone down from 4.8% to 3.8%
Top 2 Sectors in October were Financial Services, Government
Oct'24
Financial Services
100%
Government
21%
Sep'24
Financial Services
100%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 13.21% | 28.5% | |
 HDFC Bank Ltd | 13.03% | 4.8% | |
 Axis Bank Ltd | 9.06% | 0% | |
 Bajaj Finance Ltd | 5.39% | 14.7% | |
 State Bank of India | 5% | 0% |
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Rohit Seksaria
Fund Manager of Sundaram Financial Services Opportunities Fund Direct Growth, since 30 December 2017
Top funds managed
Ashish Aggarwal
Fund Manager of Sundaram Financial Services Opportunities Fund Direct Growth, since 1 January 2022
Top funds managed
Fund House
Sundaram Asset Management Company Ltd
Total Schemes
Total AUM
₹70.43K Cr
as on 31-Oct-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
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.04%.
Over the last 6 months, this fund has experienced a 15.5% growth in AUM moving from 1.25K Cr to 1.45K Cr.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.41% return, outperforming this fund by 0.5% per annum.
In the last 5 years, this fund has outperformed all funds in its category.
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 30.58% return, outperforming this fund by 11.75%.
Sundaram Financial Services Opportunities 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 14.38% since inception which is less than its category average return of 14.51%
Fund Allocations
This fund has an allocation of 95.27% in Equity, 0.98% in Debt and 3.75% in Cash related instruments
AUM size ₹1453 Cr
This fund has AUM of ₹1453 Cr which is less than its category average of ₹ 1738 Cr
Expense Ratio 0.77%
This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Sundaram Financial Services Opportunities Fund Direct Growth
The current NAV of Sundaram Financial Services Opportunities Fund Direct Growth is ₹104.16 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Sundaram Financial Services Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.17% | -5.17% |
6 Month Returns | 3.62% | 3.62% |
1 Year Returns | 18.83% | 18.83% |
3 Years Returns | 59.83% | 16.92% |
5 Years Returns | 115.23% | 16.57% |
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0.77% as on October 2024
₹1453 Cr as on October 2024
ICICI Bank Ltd(13.21%), HDFC Bank Ltd(13.03%), Axis Bank Ltd(9.06%), Bajaj Finance Ltd(5.39%), State Bank of India(5%) as on October 2024
The alpha ratio for the Sundaram Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Sundaram Financial Services Opportunities Fund Direct Growth | 4.2 | 7.92 | 5.08 |
As on October 2024
The alpha for Sundaram Financial Services Opportunities Fund Direct Growth is calculated against S&P BSE BANKEX 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 Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Sundaram Financial Services Opportunities Fund Direct Growth | 0.88 | 0.95 | 0.97 |
As on October 2024
The Beta for Sundaram Financial Services Opportunities Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Sundaram Financial Services Opportunities Fund Direct Growth | 1.5 | 0.79 | 0.61 |
As on October 2024
The sharpe ratio for Sundaram Financial Services Opportunities Fund Direct Growth is calculated with S&P BSE BANKEX 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 Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Sundaram Financial Services Opportunities Fund Direct Growth | 12.77 | 15.04 | 24.49 |
As on October 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 1.49 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.85 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Rohit Seksaria, Ashish Aggarwal are the fund managers of Sundaram Financial Services Opportunities Fund Direct Growth
The Exit load of Sundaram Financial Services Opportunities Fund Direct Growth is 0.5%