Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 29.83
1D
Inception Returns
18.5%
/yr
Sundaram Long Term Tax Advantage Fund Series III Direct Growth is an equity fund. This fund was started on 28 March, 2018. The fund is managed by Rohit Seksaria, Sudhir Kedia. The fund could potentially beat inflation in the long-run.
Sundaram Long Term Tax Advantage Fund Series III Direct Growth has given a CAGR return of 18.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.01%, 27.16% and 31.95% respectively.
Sundaram Long Term Tax Advantage Fund Series III Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Communication, Tech, Real Estate, Corporate. Its top holdings are Multi Commodity Exchange of India Ltd, KSB Ltd, KEI Industries Ltd, TVS Holdings Ltd, Greenpanel Industries Ltd Ordinary Shares
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.
"The investment objective of the scheme is to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap and from income tax benefit available. For the purpose investment by the scheme ‘micro cap’ stock is defined as one whose market cap is equal to or lower than the 301stStock by market cap (after sorting the securities in the descending order of market capitalization) on the National Stock exchange of India limited, mumbai, at the time of investment. however, there is no guarantee or assurance that the investment objective of the scheme will be achieved"
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 III Direct Growth of 3 Years
Expense ratio | 1.37% |
Benchmark | BSE 500 TRI |
AUM | ₹38 Cr |
Inception Date | 28 March, 2018 |
Min Lumpsum/SIP | --/-- |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 10.27% |
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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Sundaram Long Term Tax Advantage Fund Series III Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.24% | 7.24% |
6 Month Returns | 20.07% | 20.07% |
1 Year Returns | 32.01% | 32.01% |
3 Years Returns | 105.61% | 27.16% |
5 Years Returns | 300.06% | 31.95% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Sundaram Long Term Tax Advantage Fund Series III Direct Growth | -1.06 | 9.59 | 8.09 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Sundaram Long Term Tax Advantage Fund Series III Direct Growth | 0.88 | 0.87 | 1.07 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Sundaram Long Term Tax Advantage Fund Series III Direct Growth | 1.62 | 1.36 | 1.1 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Sundaram Long Term Tax Advantage Fund Series III Direct Growth | 14.6 | 14.68 | 23.49 |