Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth

Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 29-10-2024

₹ 33.96

0.3%

1D

Inception Returns

16.6%

/yr

About Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth

Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is an equity fund. This fund was started on 18 November, 2016. The fund is managed by Sudhir Kedia, Rohit Seksaria. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth has ₹87 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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth has given a CAGR return of 16.60% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.88%, 22.05% and 29.67% respectively.

Holdings

Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Communication, Tech, Health, Real Estate. Its top holdings are Multi Commodity Exchange of India Ltd, Safari Industries (India) Ltd, KEI Industries Ltd, Brigade Enterprises Ltd, Greenpanel Industries Ltd Ordinary Shares

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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth

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 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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth of 3 Years

Historical NAV & Returns

Annualised

Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth Overview

Expense ratio1.24%
Benchmark
IISL NIFTY Smallcap 100 PR INR
AUM₹87 Cr
Inception Date18 November, 2016
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
8.47%
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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth
Nifty 500
elss (tax savings)
1M
-4.9%
-6.9%
-
3M
0.4%
-2.6%
-
6M
10.9%
8.6%
-
1Y
28.9%
36%
-
3Y
22.1%
14.7%
-
5Y
29.7%
18.9%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 99.1%

  • Debt & Cash 0.9%

Small cap
90.8%

Mid cap
7.2%

Large cap
1%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
25.5%
Industrial
22.8%
Consumer Cyclical
16.3%
Basic Materials
12.7%
Communication
6.3%
Tech
5.9%
Health
5.6%
Real Estate
4.9%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
2.00%
3.00%
-0.24%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 2.00% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund underperformed Nifty 500 by 0.04% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 86.7 Cr
₹ 86.7 Cr
₹ 85.2 Cr
  • AUM of the fund stands at 86.7 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks sold last month
KSB Ltd's allocation decreased from 4.98 % to 4.18 %
KSB Ltd's allocation decreased from 4.98 % to 4.18 %
Sapphire Foods India Ltd's allocation decreased from 4.12 % to 4.09 %
Sapphire Foods India Ltd's allocation decreased from 4.12 % to 4.09 %
Small Cap allocation has gone up from 88% to 90.8%
Small Cap allocation has gone up from 88% to 90.8%
Mid Cap allocation has gone down from 10.1% to 7.2%
Mid Cap allocation has gone down from 10.1% to 7.2%

Top 3 Sectors in September were Financial Services, Industrial & Consumer Cyclical

Sep'24
Financial Services
26%
Industrial
23%
Consumer Cyclical
16%
Aug'24
Financial Services
26%
Industrial
23%
Consumer Cyclical
16%
  • Gainers

  • Losers

Fund
Sep'24
Aug'24
Jul'24
No of Holdings
37
37
39
Top 5 Company Concentration
25.6%
25.6%
23.9%
Company having highest exposure
Multi Commodity Exchange of India Ltd (5.7%)
Multi Commodity Exchange of India Ltd (5.7%)
Brigade Enterprises Ltd (5.1%)
No of Sectors
8
8
9
Top 5 Sectors Concentration
83.6%
83.6%
83%
Sector having highest exposure
Financial Services (25.5%)
Financial Services (25.5%)
Financial Services (24.7%)
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Sudhir Kedia
Sudhir Kedia
Fund Manager of Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth, since 1 January 2022
Rohit Seksaria
Rohit Seksaria
Fund Manager of Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth, since 1 April 2019
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 L/T Micro cap Tax Advantage Fund Sries III 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 16.6% since inception which is more than its category average return of 16%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.06% in Equity, 0% in Debt and 0.94% in Cash related instruments
AUM size ₹87 Cr

AUM size ₹87 Cr

This fund has AUM of ₹87 Cr which is less than its category average of ₹ 4219 Cr
Expense Ratio 1.24%

Expense Ratio 1.24%

This fund has an expense ratio of 1.24% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions for Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth

The current NAV of Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is ₹33.96 as on 29-Oct-2024.
Existing (Absolute + CAGR) as on 29-Oct-2024.
Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-4.9%
-4.9%
6 Month Returns
10.89%
10.89%
1 Year Returns
28.88%
28.88%
3 Years Returns
81.82%
22.05%
5 Years Returns
266.62%
29.67%
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1.24% as on September 2024
₹87 Cr as on September 2024
Multi Commodity Exchange of India Ltd(5.69%), Safari Industries (India) Ltd(5.67%), KEI Industries Ltd(4.98%), Brigade Enterprises Ltd(4.84%), Greenpanel Industries Ltd Ordinary Shares(4.41%) as on September 2024
Financial Services(25.29%), Industrial(22.55%), Consumer Cyclical(16.18%) as on September 2024
The alpha ratio for the Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
1.66
7.29
5.12
As on September 2024
The alpha for Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is calculated against IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
0.64
0.69
0.82
As on September 2024
The Beta for Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is calculated with IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
1.75
1.17
1.04
As on September 2024
The sharpe ratio for Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is calculated with IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Fund Sries III Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
14.27
15.17
23.71
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 2.22 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.45 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sudhir Kedia, Rohit Seksaria are the fund managers of Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth
The Exit load of Sundaram L/T Micro cap Tax Advantage Fund Sries III Direct Growth is 0%