VR Logo

Unrated

Sundaram Financial Services Opportunities Fund - Institutional Plan


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.15 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -6.74 -3.42 -6.25 -5.58 -4.95 9.67 23.18 11.14 9.42 13.77 --
S&P BSE Bankex TRI -8.88 -3.65 -5.92 -5.31 -7.67 7.97 11.65 12.98 8.87 15.16 --
Equity: Sectoral-Banking -9.24 -3.58 -6.38 -6.46 -8.79 4.56 8.74 7.77 5.47 9.90 --

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 31.18 (12-May-2009 - 19-May-2009) -12.91 (06-Jan-2009 - 13-Jan-2009)
Month 42.29 (17-Apr-2009 - 19-May-2009) -20.02 (06-Jan-2009 - 05-Feb-2009)
Quarter 71.13 (17-Feb-2009 - 19-May-2009) -31.47 (29-May-2013 - 28-Aug-2013)
Year 88.78 (29-Jan-2014 - 29-Jan-2015) -32.29 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.78 16.17 0.63 0.81 0.86 -0.03
S&P BSE Bankex TRI 17.41 18.00 0.65 0.92 -- --
Equity: Sectoral-Banking 13.32 19.46 0.48 0.66 0.98 -3.85

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

As on 31-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 84.67
Top 5 Stocks (%) 68.93
Top 3 Sectors (%) 95.68
Portfolio P/B Ratio 3.26
Portfolio P/E Ratio 27.07

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,45,855 2,10,056
Giant (%) 83.04 74.03
Large (%) 6.52 10.72
Mid (%) 9.88 12.56
Small (%) 0.55 4.61
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 24.57 29.65 12.49 22.09
equal ICICI Bank Financial 33.85 17.67 11.98 14.87
up HDFC Financial 17.28 14.18 0.00 14.18
up Axis Bank Financial 41.06 9.82 2.94 9.53
equal Kotak Mahindra Bank Financial 35.49 11.95 7.08 8.26
equal Bajaj Finance Financial 49.25 5.41 0.00 3.90
equal State Bank of India Financial 23.02 9.70 3.12 3.12
up LIC Housing Fin. Financial 6.04 3.12 0.00 3.12
equal SBI Life Insurance Company Financial 65.93 3.05 0.00 3.05
equal Bajaj Finserv Financial 35.97 2.96 0.00 2.56
up M&M Financial Services Financial 13.97 2.28 0.00 2.28
equal ICICI Lombard General Insurance Financial 49.20 2.98 0.00 1.72
equal HDFC Asset Management Company Financial 51.85 2.14 0.00 1.32
down ICICI Securities Financial 30.22 2.89 0.00 1.13
equal Max Financial Services Financial 49.87 2.03 1.00 1.02
equal HDFC Life Insurance Financial 81.32 1.97 0.00 0.94
equal JM Financial Financial 16.53 1.49 0.00 0.79
equal DCB Bank Financial 13.68 2.80 0.52 0.53
equal CreditAccess Grameen Financial 31.82 0.50 0.00 0.45
equal Federal Bank Financial 10.22 0.46 0.00 0.36
equal RBL Bank Financial 24.12 1.20 0.00 0.31
equal Indusind Bank Financial 17.01 6.37 0.00 0.15

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-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 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:


-3.42%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 48.5730

Dividend: ₹ 21.0445


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 (₹) 1,00,00,000
Minimum Addl Investment (₹) 1,00,000
Minimum SIP Investment (₹) 250
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Sundaram Mutual Fund
Launch Date: 10-Jun-2008
Return Since Launch: 10.17%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 247 Cr (As on 31-Jan-2020)
Expense: 2.24% (As on 31-Mar-2019)
Risk Grade: --
Return Grade: --
Turnover: 16.00%

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

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: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Empowering women financially

dateFriday, 06-Mar-2020
time12:30 PM - 01:00 PM