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3 star

Sundaram Financial Services Opportunities Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.47 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.92 Lakh

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 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 10.53 -0.08 -0.04 -0.60 15.17 47.87 25.99 13.58 18.47 16.51 10.88
S&P BSE Bankex TRI 10.66 0.05 0.25 -2.33 15.01 53.77 24.02 13.20 18.67 17.29 13.30
Equity: Sectoral-Banking 13.00 0.12 0.06 -0.88 16.18 51.17 24.01 9.48 15.73 13.61 8.04
Rank within category 18 20 13 5 18 19 4 4 6 5 5
Number of funds in category 28 28 28 28 27 25 23 17 17 11 8

As on 08-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Sundaram Financial Services Opportunities Fund - Regular Plan
3 star
Jun-08 25.99 13.58 18.47 2.55 284
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 24.32 17.37 22.17 2.30 2,040
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 24.99 14.61 20.49 2.60 581
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 24.64 12.51 18.41 0.18 7,625
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 24.79 12.57 18.37 0.18 7,589

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 31.15 12-May-2009 - 19-May-2009 -25.17 16-Mar-2020 - 23-Mar-2020
Month 46.34 28-Apr-2009 - 28-May-2009 -42.31 20-Feb-2020 - 23-Mar-2020
Quarter 106.99 09-Mar-2009 - 10-Jun-2009 -42.93 23-Dec-2019 - 23-Mar-2020
Year 151.31 09-Mar-2009 - 11-Mar-2010 -33.92 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.33 30.68 0.38 0.44 0.90 0.67
S&P BSE Bankex TRI 16.87 33.53 0.37 0.43 -- --
Equity: Sectoral-Banking 13.61 33.95 0.29 0.32 0.97 -2.89
Rank within category 8 6 4 4 7 4
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 28-Feb-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 83.05
Top 5 Stocks (%) 66.14
Top 3 Sectors (%) 95.92
Portfolio P/B Ratio 2.40
Portfolio P/E Ratio 24.25

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,06,913 2,20,014
Giant (%) 77.55 76.26
Large (%) 2.92 7.75
Mid (%) 15.71 13.77
Small (%) 3.81 5.55
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
equal HDFC Bank Financial 27.93 29.21 22.09 22.42
equal HDFC Financial 26.26 16.58 0.00 15.58
equal ICICI Bank Financial 28.99 16.69 11.98 14.91
equal Axis Bank Financial 76.44 9.82 2.94 7.95
equal Kotak Mahindra Bank Financial 41.83 11.95 5.28 5.28
equal Cholamandalam Invest. & Fin. Financial 33.49 4.43 0.00 4.43
equal M&M Financial Services Financial 32.56 4.40 0.00 3.90
equal Bajaj Finserv Financial 42.70 3.13 0.00 3.06
equal State Bank of India Financial 14.85 9.70 0.99 3.06
equal LIC Housing Fin. Financial 7.79 3.12 0.00 2.46
equal Federal Bank Financial 11.50 2.43 0.00 2.43
up CSB Bank Financial 38.73 2.39 0.00 2.39
down Bajaj Finance Financial 80.27 5.41 0.00 1.20
down SBI Life Insurance Company Financial 66.87 3.32 0.98 0.98
equal HDFC Life Insurance Financial 109.88 1.97 0.90 0.93
down Indusind Bank Financial 33.79 1.84 0.00 0.93
equal ICICI Lombard General Insurance Company Financial 47.04 2.98 0.89 0.89
equal Aditya Birla Capital Financial 35.87 0.92 0.00 0.89
equal Max Financial Services Financial 96.54 1.74 0.73 0.75
equal JM Financial Financial 17.03 1.49 0.52 0.52
equal Ujjivan Financial Services Financial -- 0.51 0.00 0.43
equal UTI Asset Management Co. Financial 28.25 0.43 0.00 0.32
equal ICICI Securities Financial 14.63 2.89 0.00 0.22

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-Jan-2021

Fund Manager

— Dwijendra Srivastava since 23-Jul-2020

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:

— Rahul Baijal since 01-Apr-2019

Education: Mr. Baijal has done PGDM(MBA) from IIM Calcutta and is an engineering graduate of Delhi college of Engineering

Experience: Prior to joining Sundaram Mutual Fund, he has worked with Bharti AXA Life Insurance, TVF Capital, HSBC Securities, Credit Suisse Securities & Standard Chartered Bank.

Interviews:

Funds Managed:

— Ratish Varier since 23-Jul-2020

Funds Managed:


-0.08%

Change from previous, NAV as on 08-Mar-2021

Growth: ₹ 54.9691

Dividend: ₹ 22.8199


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
Lock-in Period Not Applicable
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: 10-Jun-2008
Return Since Launch: 14.30%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 284 Cr (As on 31-Jan-2021)
Expense: 2.55% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 16.00%

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
 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: 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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