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Sundaram Financial Services Opportunities Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.95 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.13 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -28.67 1.54 11.87 -1.25 -23.89 -26.93 -21.99 -1.77 5.09 8.95 --
S&P BSE Bankex TRI -34.30 2.07 11.96 -2.57 -28.12 -32.93 -32.03 -2.74 4.05 8.67 --
Equity: Sectoral-Banking -31.47 1.75 11.30 -1.84 -26.59 -30.04 -28.07 -3.45 4.68 8.81 --
Rank within category 4 13 3 5 4 4 2 5 6 3 --
Number of funds in category 13 13 13 13 13 13 12 11 10 7 0

As on 03-Jun-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.17 (04-Sep-2013 - 11-Sep-2013) -25.17 (16-Mar-2020 - 23-Mar-2020)
Month 20.44 (07-May-2014 - 06-Jun-2014) -42.29 (20-Feb-2020 - 23-Mar-2020)
Quarter 42.28 (17-Feb-2014 - 19-May-2014) -42.84 (23-Dec-2019 - 23-Mar-2020)
Year 89.13 (29-Jan-2014 - 29-Jan-2015) -33.44 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.51 26.29 -0.22 -0.22 0.91 0.00
S&P BSE Bankex TRI -1.12 28.56 -0.23 -0.23 -- --
Equity: Sectoral-Banking -1.49 27.72 -0.24 -0.24 0.94 -0.76
Rank within category 5 5 5 5 5 5
Number of funds in category 11 11 11 11 11 11

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 80.97
Top 5 Stocks (%) 69.18
Top 3 Sectors (%) 91.49
Portfolio P/B Ratio 2.23
Portfolio P/E Ratio 18.60

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,83,326 1,64,903
Giant (%) 79.08 74.89
Large (%) 8.91 7.59
Mid (%) 10.99 14.71
Small (%) 1.02 3.43
Tiny (%) -- 0.73

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 20.63 29.65 22.09 24.14
up HDFC Financial 14.49 16.58 0.00 16.58
up ICICI Bank Financial 24.18 17.67 11.98 14.37
equal Axis Bank Financial 61.74 9.82 2.94 7.46
equal Kotak Mahindra Bank Financial 31.28 11.95 6.63 6.63
equal SBI Life Insurance Company Financial 56.70 3.05 0.00 2.86
equal LIC Housing Fin. Financial 4.83 3.12 0.00 2.59
up M&M Financial Services Financial 8.78 2.32 0.00 2.32
equal ICICI Lombard General Insurance Company Financial 48.42 2.98 0.00 2.16
up Cholamandalam Invest. & Fin. Financial 9.53 1.86 0.00 1.86
equal Bajaj Finserv Financial 24.61 2.96 0.00 1.78
equal HDFC Asset Management Company Financial 44.44 2.14 0.00 1.35
up State Bank of India Financial 10.99 9.70 0.99 1.30
up Federal Bank Financial 5.90 1.13 0.00 1.13
equal ICICI Securities Financial 23.17 2.89 0.00 1.13
equal Max Financial Services Financial 86.07 1.94 0.97 1.02
equal HDFC Life Insurance Financial 80.14 1.97 0.00 1.01
down Bajaj Finance Financial 27.18 5.41 0.00 0.86
equal JM Financial Financial 11.08 1.49 0.00 0.63
equal DCB Bank Financial 6.31 2.21 0.31 0.31

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2020

Fund Manager

— S Krishnakumar since 30-Dec-2017

Education: Mr. Kumar is a B. Tech from National Institute of Technology Trichy, and MBA from LIBA Chennai.

Experience: Prior to joining Sundaram BNP Paribas Mutual Fund he has worked with Anush Shares & Securities.

Interviews:

Funds Managed:

— Rahul Baijal since 01-Apr-2019

Education: Mr. Baijal is B.E. Electronics & Communication and MBA.

Experience: Prior to joining Sundaram Mutual Fund he was associated with TVF Capital (erstwhile Voyager Capital) (Jun 2005-Apr 2012) and Bharti -AXA Life Insurance (Jun 2012-Jun 2016).

Interviews:

Funds Managed:


1.54%

Change from previous, NAV as on 03-Jun-2020

Growth: ₹ 36.1340

Dividend: ₹ 15.2483


Investment Strategy

The scheme seeks long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services.

Investment Details

Minimum Investment (₹) 100
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 250
Minimum No of Cheques 20
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load For units in excess of 25% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.23%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 193 Cr (As on 30-Apr-2020)
Expense: 1.66% (As on 30-Apr-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 17.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend12-Mar-20200.5977

 16-Sep-20190.5578
 18-Mar-20190.4427
 11-Sep-20180.4427
 15-Mar-20182.0000
 06-Sep-20170.5000
 11-Apr-20170.5000
 11-Aug-20160.5000
 25-Apr-20141.5000

Contact Information

AMC: Sundaram Asset Management Company Ltd

Address: Sundaram Towers, 2nd Floor, 46, Whites Road, Royapettah Chennai - 600014

Phone: 1860-425-7237

Email: [email protected]

Website: www.sundarammutual.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM