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Unrated

Sundaram Long Term Micro Cap Tax Advantage Fund Series III - Regular Plan


1 Lakh

Investment declined to
₹ 0.94 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 8.53 0.89 4.79 11.18 11.45 3.29 -4.80 -1.87 -- -- --
Equity: ELSS 4.76 0.44 2.69 5.84 9.53 7.33 8.66 9.75 -- -- --
Rank within category 2 3 1 2 4 24 24 10 -- -- --
Number of funds in category 25 25 25 25 25 25 25 10 3 2 1

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 16.11 (18-Feb-2019 - 20-Mar-2019) -17.41 (07-Sep-2018 - 08-Oct-2018)
Quarter 21.29 (27-Sep-2017 - 27-Dec-2017) -19.61 (27-May-2019 - 26-Aug-2019)
Year 47.94 (26-Dec-2016 - 26-Dec-2017) -33.95 (25-Jan-2018 - 28-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.67 19.39 -0.38 -0.58 1.27 -17.68
Equity: ELSS 10.11 14.70 0.32 0.45 1.00 -3.71
Rank within category 10 10 10 10 10 10
Number of funds in category 10 10 10 10 10 10

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 33.71
Top 5 Stocks (%) 20.04
Top 3 Sectors (%) 50.31
Portfolio P/B Ratio 1.64
Portfolio P/E Ratio 16.92

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,321 38,891
Giant (%) -- 39.43
Large (%) -- 12.25
Mid (%) 3.03 22.39
Small (%) 93.79 38.67
Tiny (%) 3.17 3.26

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
down Navin Fluorine International Chemicals 33.12 5.33 1.94 5.33
down Grindwell Norton Metals 39.24 4.55 0.00 4.10
down Heidelberg Cement India Construction 17.25 4.06 1.29 3.78
down INOX Leisure Services 27.95 3.73 0.00 3.73
down Ashoka Buildcon Construction 11.00 4.58 0.00 3.09
down Kalpataru Power Trans Construction 15.39 3.58 0.00 3.00
down Johnson Controls - Hitachi Air Conditioning India Cons Durable 57.87 3.08 0.00 2.84
down Kei Industries Engineering 18.24 3.37 0.00 2.83
down Astra Microwave Products Communication 33.99 3.38 0.00 2.60
down Thyrocare Technologies Healthcare 29.22 2.39 0.00 2.39
down MM Forgings Metals 15.20 3.45 1.98 2.34
down Vesuvius India Construction 27.58 2.29 0.00 2.29
down Timken India Engineering 37.86 2.36 1.08 2.18
down Kennametal India Engineering 28.82 2.29 0.00 2.08
down Brigade Enterprises Construction 25.06 2.63 0.00 2.07
down Triveni Turbine Engineering 24.05 4.46 1.92 1.95
down Praj Industries Engineering 28.56 3.91 1.45 1.79
down Mahindra Holidays & Resorts Services 45.20 2.21 0.00 1.78
down NRB Bearings Engineering 19.74 2.40 0.00 1.77
down Himatsingka Seide Textiles 7.97 3.93 1.73 1.73
down India Cements Construction 20.88 3.55 1.70 1.70
down PTC India Energy 6.08 2.50 0.00 1.68
equal Ingersoll Rand India Engineering 25.80 1.67 0.00 1.67
down ISGEC Heavy Engineering Engineering 20.01 2.30 0.00 1.67
down Asian Granito India Construction 19.05 3.05 0.00 1.65

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-2019

Fund Manager

— Dwijendra Srivastava since 08-Aug-2016

Education: Mr. Srivastava is B.Tech , PGDM (Finance) and CFA.

Experience: Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, JM Financial AMC, Tata AMC Private Ltd., Tower Capital and Securities, Indo Swiss Financial and Gontermann Pipers.

Funds Managed:

— Rohit Seksaria since 01-Apr-2019

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:

— S Krishnakumar since 08-Aug-2016

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:


0.89%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 9.9207

Dividend: ₹ 9.1283


Investment Strategy

The scheme seeks 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.

Tenure (Days) 3650
Maturity date 18-Nov-2026

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 18-Nov-2016
Return Since Launch: -0.25%
Benchmark: NIFTY Smallcap 100 TRI
Riskometer: Moderately High
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend21-Mar-20180.5000

 08-Jun-20170.5000

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM