Sundaram Long Term Tax Advantage Fund Series II Direct Growth

Sundaram Long Term Tax Advantage Fund Series II Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 29-10-2024

₹ 35.76

0.8%

1D

Inception Returns

15.9%

/yr

About Sundaram Long Term Tax Advantage Fund Series II Direct Growth

Sundaram Long Term Tax Advantage Fund Series II Direct Growth is an equity fund. This fund was started on 21 March, 2016. The fund is managed by Rohit Seksaria, Sudhir Kedia. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Sundaram Long Term Tax Advantage Fund Series II Direct Growth has ₹14 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 1.2.

Returns

Sundaram Long Term Tax Advantage Fund Series II Direct Growth has given a CAGR return of 15.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.82%, 13.71% and 19.30% respectively.

Holdings

Sundaram Long Term Tax Advantage Fund Series II Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Tech, Basic Materials, Consumer Cyclical, Industrial, Communication, Consumer Defensive, Health. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Infosys Ltd, Reliance Industries Ltd, State Bank of India

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Sundaram Long Term Tax Advantage Fund Series II Direct Growth

The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. There is a lock in period for Sundaram Long Term Tax Advantage Fund Series II Direct Growth of 3 Years

Historical NAV & Returns

Annualised

Sundaram Long Term Tax Advantage Fund Series II Direct Growth Overview

Expense ratio1.18%
Benchmark
BSE 500 TRI
AUM₹14 Cr
Inception Date21 March, 2016
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
4.3%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Oct-24)

Period
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
Nifty 500
elss (tax savings)
1M
-6.4%
-6.9%
-
3M
-3.3%
-2.6%
-
6M
7.2%
8.6%
-
1Y
29.8%
36%
-
3Y
13.7%
14.7%
-
5Y
19.3%
18.9%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 96.1%

  • Debt & Cash 3.9%

Large cap
86%

Mid cap
7.7%

Small cap
2.5%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
34.3%
Energy
13.1%
Tech
13%
Basic Materials
12.6%
Consumer Cyclical
8.4%
Industrial
6.2%
Communication
5.5%
Consumer Defensive
5.4%
Health
1.4%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
0.87%
0.50%
3.69%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 0.87% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund underperformed Nifty 500 by 1.17% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 13.5 Cr
₹ 13.5 Cr
₹ 13.6 Cr
  • AUM of the fund stands at 13.5 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 5.26% to 7.78%
Reliance Industries Ltd's allocation increased from 5.26% to 7.78%
Bharti Airtel Ltd's allocation increased from 5.04% to 5.04%
Bharti Airtel Ltd's allocation increased from 5.04% to 5.04%
Top Stocks sold last month
Schaeffler India Ltd's allocation decreased from 5.26 % to 1.71 %
Schaeffler India Ltd's allocation decreased from 5.26 % to 1.71 %

Top 3 Sectors in September were Financial Services, Energy & Tech

Sep'24
Financial Services
34%
Energy
13%
Tech
13%
Aug'24
Financial Services
34%
Energy
13%
Tech
13%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
HDFC Bank Ltd
HDFC Bank Ltd
0.7%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
34
34
35
Top 5 Company Concentration
40.1%
40.1%
39.9%
Company having highest exposure
ICICI Bank Ltd (9%)
ICICI Bank Ltd (9%)
ICICI Bank Ltd (8.9%)
No of Sectors
9
9
9
Top 5 Sectors Concentration
81.5%
81.5%
81.7%
Sector having highest exposure
Financial Services (34.3%)
Financial Services (34.3%)
Financial Services (34.6%)
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Rohit Seksaria
Rohit Seksaria
Fund Manager of Sundaram Long Term Tax Advantage Fund Series II Direct Growth, since 1 January 2022
Sudhir Kedia
Sudhir Kedia
Fund Manager of Sundaram Long Term Tax Advantage Fund Series II Direct Growth, since 1 January 2022
Fund House
Sundaram Asset Management Company Ltd
Total AUM
₹67.4K Cr
as on 30-Sep-2024
Address
Sundaram Asset Management Company Limited,Sundaram Towers,,2nd Floor, 46 Whites Road,,Royapettah,
Phone
+914428583362/3367
Website
rahulm@sundarammutual.com

Sundaram Long Term Tax Advantage Fund Series II Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.85% since inception which is less than its category average return of 16%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.14% in Equity, 0% in Debt and 3.86% in Cash related instruments
AUM size ₹14 Cr

AUM size ₹14 Cr

This fund has AUM of ₹14 Cr which is less than its category average of ₹ 4219 Cr
Expense Ratio 1.18%

Expense Ratio 1.18%

This fund has an expense ratio of 1.18% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions for Sundaram Long Term Tax Advantage Fund Series II Direct Growth

The current NAV of Sundaram Long Term Tax Advantage Fund Series II Direct Growth is ₹35.76 as on 29-Oct-2024.
Existing (Absolute + CAGR) as on 29-Oct-2024.
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-6.41%
-6.41%
6 Month Returns
7.2%
7.2%
1 Year Returns
29.82%
29.82%
3 Years Returns
47.04%
13.71%
5 Years Returns
141.68%
19.3%
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1.18% as on September 2024
₹14 Cr as on September 2024
ICICI Bank Ltd(9.02%), HDFC Bank Ltd(8.4%), Infosys Ltd(7.8%), Reliance Industries Ltd(7.78%), State Bank of India(7.07%) as on September 2024
Financial Services(32.98%), Energy(12.59%), Tech(12.51%) as on September 2024
The alpha ratio for the Sundaram Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
-5.45
-0.26
-0.43
As on September 2024
The alpha for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated against BSE 500 TRI. 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
0.99
0.92
0.99
As on September 2024
The Beta for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated with BSE 500 TRI. 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
2.05
0.85
0.84
As on September 2024
The sharpe ratio for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated with BSE 500 TRI. 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
10.86
12.04
18.65
As on September 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 1.59 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Rohit Seksaria, Sudhir Kedia are the fund managers of Sundaram Long Term Tax Advantage Fund Series II Direct Growth
The Exit load of Sundaram Long Term Tax Advantage Fund Series II Direct Growth is 0%