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3 star

Sundaram Financial Services Opportunities Fund - Regular Plan


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.97 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.31 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 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 -25.27 -0.40 2.50 5.14 25.76 -25.31 -19.40 -0.91 4.31 10.15 7.65
S&P BSE Bankex TRI -32.38 -0.39 1.35 2.93 25.52 -32.10 -29.43 -1.72 3.39 10.44 9.76
Equity: Sectoral-Banking -30.94 -0.37 1.22 5.84 25.83 -30.93 -29.43 -5.25 0.98 6.31 4.82
Rank within category 4 12 2 9 16 4 3 5 6 3 5
Number of funds in category 23 23 23 23 23 23 18 17 15 10 8

As on 03-Jul-2020

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 -19.40 -0.91 4.31 2.66 181
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -20.13 3.18 8.99 2.41 1,213
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -31.28 -2.36 3.07 0.18 4,150
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -31.24 -2.38 3.17 0.18 3,796
SBI ETF Nifty Bank Fund  | Invest Online
Unrated
Mar-15 -31.25 -2.36 3.19 0.20 2,425

Best & Worst Performance

Best (Period) Worst (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 2.03 26.91 -0.12 -0.12 0.91 -0.59
S&P BSE Bankex TRI 2.36 29.12 -0.10 -0.10 -- --
Equity: Sectoral-Banking -1.33 30.32 -0.19 -0.25 0.99 -3.72
Rank within category 5 5 9 8 5 9
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 81.85
Top 5 Stocks (%) 68.65
Top 3 Sectors (%) 95.65
Portfolio P/B Ratio 1.91
Portfolio P/E Ratio 16.66

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,52,294 1,51,651
Giant (%) 76.12 74.54
Large (%) 9.83 7.28
Mid (%) 12.63 15.58
Small (%) 1.41 3.35
Tiny (%) -- 0.64

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 21.64 29.65 22.09 24.44
up HDFC Financial 15.26 16.58 0.00 16.52
up ICICI Bank Financial 24.44 17.67 11.98 14.44
equal Axis Bank Financial 65.25 9.82 2.94 6.88
equal Kotak Mahindra Bank Financial 31.17 11.95 6.37 6.37
equal SBI Life Insurance Company Financial 59.35 3.22 0.00 3.22
up M&M Financial Services Financial 10.49 2.76 0.00 2.76
up Cholamandalam Invest. & Fin. Financial 15.30 2.47 0.00 2.47
up Bajaj Finserv Financial 29.09 2.96 0.00 2.42
equal LIC Housing Fin. Financial 5.76 3.12 0.00 2.33
equal ICICI Lombard General Insurance Company Financial 48.83 2.98 0.00 2.32
up Federal Bank Financial 6.72 2.15 0.00 2.15
up Bajaj Finance Financial 33.52 5.41 0.00 1.86
equal HDFC Asset Management Company Financial 42.90 2.14 0.00 1.44
equal ICICI Securities Financial 29.22 2.89 0.00 1.26
equal State Bank of India Financial 8.34 9.70 0.99 1.18
equal HDFC Life Insurance Financial -- 1.97 0.00 1.13
equal Max Financial Services Financial 103.22 1.94 0.97 1.11
up DCB Bank Financial 7.34 2.21 0.31 0.70
equal JM Financial Financial 12.78 1.49 0.00 0.65

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-May-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 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:


-0.40%

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

Growth: ₹ 36.1881

Dividend: ₹ 15.0229


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: 10-Jun-2008
Return Since Launch: 11.24%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 181 Cr (As on 31-May-2020)
Expense: 2.66% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 14.00%

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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dateSaturday, 04-Jul-2020
time04:00 PM - 05:00 PM

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