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3 star

Sundaram Tax Savings Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.74 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.65 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 6.00 0.33 2.01 7.72 1.29 17.22 35.23 20.24 17.66 14.28 --
S&P BSE 500 TRI 4.93 0.05 2.50 4.68 -0.18 15.47 31.73 21.76 18.38 14.21 --
Equity: ELSS 4.98 0.31 1.79 7.39 0.97 14.65 34.63 21.92 18.13 13.92 --
Rank within category 9 17 12 16 16 7 19 22 17 11 --
Number of funds in category 37 37 37 37 37 37 37 34 33 28 1

As on 17-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Tax Savings Fund - Direct Plan
3 star
Jan-13 35.23 20.24 17.66 1.97% 934
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 28.85 23.73 20.98 0.74% 33,785
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 37.25 27.32 23.91 0.43% 10,660
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 36.90 24.71 19.11 0.87% 9,636
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 50.20 26.29 21.76 0.70% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.74 01-Apr-2020 - 09-Apr-2020 -17.22 16-Mar-2020 - 23-Mar-2020
Month 22.39 07-May-2014 - 06-Jun-2014 -35.36 20-Feb-2020 - 23-Mar-2020
Quarter 34.86 23-Mar-2020 - 22-Jun-2020 -34.36 23-Dec-2019 - 23-Mar-2020
Year 94.85 23-Mar-2020 - 23-Mar-2021 -33.44 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.79 21.27 0.71 0.78 0.96 -0.86
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 20.43 21.50 0.78 0.83 0.95 0.94
Rank within category 24 17 23 21 20 24
Number of funds in category 35 35 35 35 35 35

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

As on 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 64
Top 10 Stocks (%) 43.62
Top 5 Stocks (%) 29.03
Top 3 Sectors (%) 58.53
Portfolio P/B Ratio 3.02
Portfolio P/E Ratio 24.25

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,25,746 1,38,142
Giant (%) 52.71 54.34
Large (%) 10.28 14.65
Mid (%) 29.37 24.51
Small (%) 7.64 6.65
Tiny (%) -- 0.25

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
up ICICI Bank Financial 26.81 10.05 4.27 8.28
up Infosys Technology 37.93 7.41 2.43 7.41
up HDFC Bank Financial 23.40 9.09 5.05 5.31
up Polycab India Engineering 49.48 4.55 0.00 4.55
new Reliance Industries Energy 33.03 8.29 0.00 3.49
up Tata Consultancy Services Technology 39.49 3.99 2.53 3.36
up State Bank of India Financial 16.01 4.26 1.75 3.06
up Ashok Leyland Automobile -- 3.33 0.00 2.94
up Axis Bank Financial 21.85 3.54 1.36 2.76
up Maruti Suzuki India Automobile 59.34 3.25 0.00 2.48
up Tata Motors Automobile -- 2.08 0.00 2.08
up Kotak Mahindra Bank Financial 38.44 3.96 2.00 2.00
up Bharti Airtel Ltd. PPE Communication -- 1.86
up HDFC Financial 23.50 3.79 1.83 1.85
up BEML Engineering 70.32 1.97 0.00 1.73
up Zee Entertainment Services 26.80 1.75 0.00 1.72
up Sun Pharmaceutical Industries Healthcare 32.82 2.06 0.98 1.68
up Bank of Baroda Financial 12.73 1.92 0.00 1.66
up Hindustan Unilever FMCG 66.82 2.64 0.00 1.60
up Coforge Technology 65.03 1.71 0.00 1.56
up Tata Steel Metals 4.82 2.87 0.00 1.52
up Schaeffler India Engineering 51.54 1.49 0.00 1.49
up ABB India Ltd. Engineering 122.51 1.44 0.00 1.44
up Larsen & Toubro Construction 33.21 4.40 1.20 1.43
up The Federal Bank Financial 11.79 2.07 0.00 1.40

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 31-Dec-2021

Fund Manager

— Rohit Seksaria since 01-Jan-2022

Education: Mr. Seksaria is CS, CA & has done MBA from IIM Ahmedabad

Experience: Prior to joining Sundaram Mutual Fund he has worked with Progress Capital/Asia Capital & Advisor Pte Ltd., Matchpoint Investment Management and Progress Capital Pte Ltd.

Funds Managed:

— Sudhir Kedia since 29-Oct-2019

Education: Mr. Kedia is CA, CMA and MBA.

Experience: Prior to joining Sundaram Mutual Fund, he has worked with Principal Mutual Fund, Mirae Asset Mutual Fund and ASK investment.

Funds Managed:


0.33%

Change from previous, NAV as on 17-Jan-2022

Growth: ₹ 362.3857

IDCW Half Yearly: ₹ 362.3722


Investment Strategy

The fund seeks to build a high quality growth oriented portfolio to provide long term capital appreciation through investment primarily in equities.

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 17.18%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 934 Cr (As on 31-Dec-2021)
Expense: 1.97% (As on 30-Nov-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 53.00%

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: http://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

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