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
- 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.
- 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 benefitDividends 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
Sundaram Long Term Tax Advantage Fund Series II Direct Growth Overview
| Expense ratio | 1.18% |
Benchmark | BSE 500 TRI |
| AUM | ₹14 Cr |
| Inception Date | 21 March, 2016 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 4.3% |
| 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 (29-Oct-24)
Fund Distribution
as on (30-Sep-24)
- 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
- AUM of the fund stands at 13.5 Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top 3 Sectors in September were Financial Services, Energy & Tech
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.02% | 0% | |
 HDFC Bank Ltd | 8.4% | 0% | |
 Infosys Ltd | 7.8% | 0% | |
 Reliance Industries Ltd | 7.78% | 0% | |
 State Bank of India | 7.07% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.7% |
Sundaram Long Term Tax Advantage Fund Series II Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹14 Cr
Expense Ratio 1.18%
Frequently Asked Questions for Sundaram Long Term Tax Advantage Fund Series II Direct Growth
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% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
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 |
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 |
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 |
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 |