Sundaram Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-11-2024
₹ 1442.99
1D
Inception Returns
19.4%
/yr
About Sundaram Mid Cap Fund Direct Growth
Sundaram Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by S. Bharath, Ratish Varier. The fund could potentially beat inflation in the long-run.
Key Parameters
- Sundaram Mid Cap Fund Direct Growth has ₹12350 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
Sundaram Mid Cap Fund Direct Growth has given a CAGR return of 19.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.36%, 22.85% and 24.98% respectively.
Holdings
Sundaram Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Consumer Defensive, Real Estate, Corporate, Utilities, Communication, Energy. Its top holdings are Kalyan Jewellers India Ltd, Cummins India Ltd, The Federal Bank Ltd, Trent Ltd, Tube Investments of India Ltd Ordinary Shares
Taxation
As it is a mid-cap 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 Mid Cap Fund Direct Growth
The objective of the scheme is to achieve capital appreciation by investing predominantly in stocks that are termed as mid caps.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Sundaram Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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4841 people have invested ₹ 3.3Cr in Sundaram Mid Cap Fund Direct Growth in the last three months
INDmoney Rank for Sundaram Mid Cap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Sundaram Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.91% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹12350 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 42.36% |
| 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)
Mid cap
66.9%
Small cap
13.7%
Large cap
13%
Sector Allocation
Financial Services
21%
Consumer Cyclical
19.7%
Industrial
18.6%
Health
11.9%
Basic Materials
9%
Tech
6.3%
Consumer Defensive
3.5%
Real Estate
3.2%
Utilities
2.8%
Communication
2.6%
Energy
1.5%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.30% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 1.41% in Oct'24
- AUM of the fund stands at 12.4K Cr as of Oct'24
- AUM decreased by 362.8 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Marico Ltd's allocation increased from 0.59% to 1.22%
Prestige Estates Projects Ltd's allocation increased from 0.29% to 0.83%
Indus Towers Ltd Ordinary Shares's allocation increased from 0.26% to 0.74%
Top Stocks sold last month
Kalyan Jewellers India Ltd's allocation decreased from 4.02 % to 3.75 %
Cummins India Ltd's allocation decreased from 3.47 % to 3.34 %
Trent Ltd's allocation decreased from 3.4 % to 2.99 %
Mid Cap allocation has gone up from 66% to 66.9%
Large Cap allocation has gone down from 15.2% to 13%
Small Cap allocation has gone up from 13.7% to 13.7%
Cash allocation has gone up from 4.1% to 5.6%
Top 3 Sectors in October were Consumer Cyclical, Financial Services & Industrial
Oct'24
Financial Services
21%
Consumer Cyclical
20%
Industrial
19%
Sep'24
Consumer Cyclical
21%
Financial Services
21%
Industrial
19%
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 9.1% |
 Indian Bank | 2.1% |
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S. Bharath
Fund Manager of Sundaram Mid Cap Fund Direct Growth, since 24 February 2021
Top funds managed
Ratish Varier
Fund Manager of Sundaram Mid Cap Fund Direct Growth, since 24 February 2021
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 (mid-cap). Its expense ratio is 0.91% which is lower than the category average expense ratio of 1.14%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 8.15% per annum.
Over the last 1 month, this fund has experienced a 2.9% drop in AUM moving from 12.71K Cr to 12.35K Cr.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 10.54% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 21.78%.
Sundaram Mid Cap 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 19.44% since inception which is more than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 94.45% in Equity, 0% in Debt and 5.55% in Cash related instruments
AUM size ₹12350 Cr
This fund has AUM of ₹12350 Cr which is more than its category average of ₹ 9389 Cr
Expense Ratio 0.91%
This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Sundaram Mid Cap Fund Direct Growth
The current NAV of Sundaram Mid Cap Fund Direct Growth is ₹1442.99 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Sundaram Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.76% | -4.76% |
6 Month Returns | 10.93% | 10.93% |
1 Year Returns | 38.36% | 38.36% |
3 Years Returns | 85.42% | 22.85% |
5 Years Returns | 204.97% | 24.98% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.91% as on October 2024
₹12350 Cr as on October 2024
Kalyan Jewellers India Ltd(3.75%), Cummins India Ltd(3.34%), The Federal Bank Ltd(3.3%), Trent Ltd(2.99%), Tube Investments of India Ltd Ordinary Shares(2.52%) as on October 2024
Financial Services(19.87%), Consumer Cyclical(18.59%), Industrial(17.55%) as on October 2024
The alpha ratio for the Sundaram Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Sundaram Mid Cap Fund Direct Growth | 11 | 3.31 | -0.92 |
As on October 2024
The alpha for Sundaram Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Sundaram Mid Cap Fund Direct Growth | 0.85 | 0.89 | 0.92 |
As on October 2024
The Beta for Sundaram Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Sundaram Mid Cap Fund Direct Growth | 2.76 | 1.25 | 0.97 |
As on October 2024
The sharpe ratio for Sundaram Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Sundaram Mid Cap Fund Direct Growth | 13.65 | 14.37 | 20.71 |
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 2.58 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.52 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
S. Bharath, Ratish Varier are the fund managers of Sundaram Mid Cap Fund Direct Growth
The Exit load of Sundaram Mid Cap Fund Direct Growth is 1%