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Sundaram Financial Services Opportunities Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.56 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.49 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 0.55 -0.52 0.32 0.62 11.00 10.80 25.97 15.96 10.24 12.41 11.84
Equity: Sectoral-Banking -0.72 -0.65 -0.56 -0.71 9.88 2.69 13.73 13.99 7.19 9.60 10.11
Rank within category 7 4 6 8 4 1 1 11 6 5 6
Number of funds in category 23 23 23 23 22 19 18 17 12 10 8

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 46.34 (28-Apr-2009 - 28-May-2009) -20.09 (06-Jan-2009 - 05-Feb-2009)
Quarter 106.99 (09-Mar-2009 - 10-Jun-2009) -31.56 (29-May-2013 - 28-Aug-2013)
Year 151.31 (09-Mar-2009 - 11-Mar-2010) -33.03 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 17.60 16.42 0.72 0.93 0.88 -1.69
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 12 3 10 11 5 10
Number of funds in category 17 17 17 17 17 17

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 22
Top 10 Stocks (%) 84.79
Top 5 Stocks (%) 69.34
Top 3 Sectors (%) 95.36
Portfolio P/B Ratio 3.66
Portfolio P/E Ratio 34.72

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,55,627 2,19,717
Giant (%) 84.14 74.25
Large (%) 6.76 11.49
Mid (%) 8.55 11.74
Small (%) 0.55 4.33
Tiny (%) -- --

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 HDFC Bank Financial 29.93 29.65 12.49 22.12
equal ICICI Bank Financial 66.86 17.67 11.98 15.68
equal HDFC Financial 34.95 13.84 0.00 13.27
up Axis Bank Financial 46.94 9.82 2.94 9.82
equal Kotak Mahindra Bank Financial 39.46 11.95 7.08 8.45
equal Bajaj Finance Financial 51.56 5.41 0.00 3.89
down State Bank of India Financial 28.05 9.70 3.36 3.36
up SBI Life Insurance Company Financial 81.43 3.03 0.00 3.03
equal Bajaj Finserv Financial 41.37 2.96 0.00 2.62
up LIC Housing Fin. Financial 8.80 2.53 0.00 2.53
down ICICI Lombard General Insurance Financial 59.13 2.98 0.00 1.86
up M&M Financial Services Financial 18.13 1.39 0.00 1.39
down HDFC Asset Management Company Financial 58.83 2.14 0.00 1.37
down ICICI Securities Financial 29.42 2.89 0.00 1.25
equal Max Financial Services Financial 80.92 2.05 1.00 1.11
equal HDFC Life Insurance Financial 91.33 1.97 0.00 1.01
equal JM Financial Financial 16.67 1.49 0.00 0.72
equal DCB Bank Financial 17.76 2.80 0.52 0.52
equal CreditAccess Grameen Financial 29.85 0.50 0.00 0.44
equal Federal Bank Financial 12.04 0.46 0.00 0.36
equal RBL Bank Financial 22.02 1.20 0.00 0.34
down Indusind Bank Financial 20.82 6.37 0.00 0.19

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

— 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:

— 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:


-0.52%

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

Growth: ₹ 48.6912

Dividend: ₹ 21.0308


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 (₹) 100
Minimum No of Cheques 20
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 10-Jun-2008
Return Since Launch: 14.61%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 241 Cr (As on 31-Dec-2019)
Expense: 2.90% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-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
 18-Feb-20113.0000
 06-Nov-20092.0000
 12-Jun-20091.0000

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