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Unrated

Sundaram Financial Services Opportunities Fund - Institutional Plan


1 Lakh

Investment Grown to
₹ 1.92 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.45 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.

Read more

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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 31.15 1.14 2.26 5.33 14.64 26.89 63.00 24.21 15.72 15.10 15.29
S&P BSE Bankex TRI 31.86 2.30 4.48 9.06 18.54 31.37 69.82 19.65 16.05 14.56 16.65
Equity: Sectoral-Banking 32.67 1.72 2.80 8.13 15.84 29.90 67.81 17.25 12.25 10.87 11.88

As on 25-Oct-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 - Institutional Plan
Unrated
Jun-08 63.00 24.21 15.72 1.21% 444
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 58.82 22.74 17.51 1.97% 2,948
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 55.71 22.17 16.37 2.46% 821
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 60.72 22.98 14.57 2.62% 444
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 68.04 17.94 15.61 0.18% 9,710

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 31.18 12-May-2009 - 19-May-2009 -25.17 16-Mar-2020 - 23-Mar-2020
Month 42.29 17-Apr-2009 - 19-May-2009 -42.29 20-Feb-2020 - 23-Mar-2020
Quarter 71.13 17-Feb-2009 - 19-May-2009 -42.84 23-Dec-2019 - 23-Mar-2020
Year 95.82 23-Mar-2020 - 23-Mar-2021 -33.44 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 23.36 29.53 0.66 0.77 0.89 5.05
S&P BSE Bankex TRI 20.07 32.71 0.49 0.59 -- --
Equity: Sectoral-Banking 18.06 32.68 0.45 0.53 0.96 -1.30

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

As on 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 83.07
Top 5 Stocks (%) 62.21
Top 3 Sectors (%) 97.30
Portfolio P/B Ratio 2.90
Portfolio P/E Ratio 26.59

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,41,270 2,75,046
Giant (%) 78.95 75.18
Large (%) 3.40 8.20
Mid (%) 9.04 14.99
Small (%) 8.62 4.08
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 26.81 26.64 19.37 21.26
up ICICI Bank Financial 27.49 16.69 13.10 14.91
equal HDFC Financial 25.97 16.58 5.59 10.01
equal Axis Bank Financial 30.66 10.00 6.01 8.05
equal State Bank of India Financial 18.07 9.70 0.99 7.97
equal Bajaj Finserv Financial 70.45 7.16 1.78 7.16
up Kotak Mahindra Bank Financial 43.02 10.30 2.53 5.57
equal CSB Bank Financial 23.57 4.81 0.00 3.69
equal Home First Finance Company India Financial 57.39 3.03 0.00 2.64
equal Cholamandalam Investment & Finance Company Financial 33.34 5.00 0.00 1.79
equal Indostar Capital Finance Financial -- 1.76 0.00 1.67
equal Shriram Transport Finance Company Financial 17.33 1.92 0.00 1.59
equal Indusind Bank Financial 26.53 3.04 0.00 1.58
down AU Small Finance Bank Financial 32.15 2.64 0.00 1.36
equal Bajaj Finance Financial 103.46 5.41 0.86 1.24
equal Aditya Birla Capital Financial 19.15 1.36 0.00 1.05
equal SBI Life Insurance Company Insurance 87.77 3.32 0.47 1.03
equal The Federal Bank Financial 12.09 2.43 0.00 0.95
equal Max Financial Services Financial 104.65 1.53 0.71 0.71
equal ICICI Lombard General Insurance Company Insurance 58.41 2.98 0.69 0.69
equal HDFC Life Insurance Insurance 122.86 1.22 0.63 0.63
equal LIC Housing Fin. Financial 14.63 3.12 0.00 0.57
equal UTI Asset Management Co. Financial 24.09 0.45 0.00 0.39
equal JM Financial Financial 12.29 1.17 0.38 0.38
equal ICICI Securities Financial 19.28 2.37 0.18 0.26

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 30-Sep-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

Education: Mr. Varier is a B.Com. & MBA (Finance)

Experience: Prior to joining Sundaram Asset Management Company, he has worked with Mahindra Asset Management, Reliance Life Insurance Company Limited.

Funds Managed:


1.14%

Change from previous, NAV as on 25-Oct-2021

Growth: ₹ 70.9140

IDCW: ₹ 27.5656


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 (₹) --
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: 12.33%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 444 Cr (As on 30-Sep-2021)
Expense: 1.21% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --
Turnover: 22.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW29-Jun-20211.7680

 12-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

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

Upcoming Video

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM