August 11, 2023
mayank
Sundaram Tax Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 402.0124
NAV IDCW Half Yearly: Rs 401.6243
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The fund seeks to build a high quality growth oriented portfolio to provide long term capital appreciation through investment primarily in equities.
Fund Manager:
1) Rohit Seksaria
Education: Mr. Seksaria is CS, CA & has done MBA from IIM Ahmedabad
Experience: Prior to joining Sundaram Mutual Fund he has worked with Progress Capital/Asia Capital & Advisor Pte Ltd., Matchpoint Investment Management and Progress Capital Pte Ltd.
2) Sudhir Kedia
Education: Mr. Kedia is CA, CMA and MBA.
Experience: Prior to joining Sundaram Mutual Fund, he has worked with Principal Mutual Fund, Mirae Asset Mutual Fund and ASK investment.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Sundaram Tax Savings Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.24% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,090 Cr |
| (As on 31-Jul-2023) | |
| Expense | 1.77% |
| (As on 30-Jun-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 23.00% |
Sundaram Tax Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Tax Svngs Dir | 12.02 | -0.35 | 2.91 | 11.06 | 12.95 | 15.64 | 24.45 | 12.65 | 13.44 | 16.67 |
| S&P BSE 500 TRI | 10.31 | -0.35 | 2.51 | 10.00 | 13.55 | 14.04 | 23.82 | 13.19 | 14.32 | 16.24 |
| Equity: ELSS | 12.41 | -0.32 | 2.86 | 10.41 | 13.58 | 16.60 | 24.01 | 13.75 | 14.48 | 17.72 |
| Rank within category | 21 | 15 | 17 | 17 | 21 | 22 | 18 | 21 | 17 | 16 |
| Number of funds in category | 35 | 38 | 38 | 37 | 36 | 33 | 33 | 30 | 28 | 25 |
Sundaram Tax Savings Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Sundaram Tax Svngs Dir | 3 star | 15.64 | 24.45 | 12.65 | 1.77 | 1,090 | 14.24 | — | 10Y 7M | 23.00 |
| Mirae Asset Tax Saver Dir | 5 star | 16.56 | 26.01 | 17.22 | 0.56 | 17,419 | 19.67 | — | 7Y 7M | 91.00 |
| SBI LT Eqt Dir | 4 star | 26.91 | 26.42 | 15.44 | 1.00 | 15,374 | 15.13 | — | 10Y 7M | 13.00 |
| DSP Tax Saver Dir | 4 star | 17.89 | 26.29 | 15.64 | 0.77 | 11,805 | 17.09 | — | 10Y 7M | 35.00 |
| Canara Robeco Eqt Tax Saver Dir | 4 star | 12.92 | 23.82 | 15.98 | 0.56 | 5,979 | 15.62 | — | 10Y 7M | 21.00 |
Portfolio Analysis of Sundaram Tax Savings Fund
| No. of Stocks | 68 |
| Top 10 Stocks | 42.84% |
| Top 5 Stocks | 30.46% |
| Top 3 Sectors | 51.22% |
| Portfolio P/B Ratio | 3.51 |
| Portfolio P/E Ratio | 24.81 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,79,016 | 1,58,443 |
| Giant (%) | 57.37 | 53.54 |
| Large (%) | 21.71 | 19.27 |
| Mid (%) | 12.24 | 22.46 |
| Small (%) | 8.60 | 6.86 |
| Tiny (%) | 0.08 | 0.15 |
Chanakya’s Mutual Fund Guidance For Sundaram Tax Savings Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.sundarammutual.com/Fund/AllSchemes
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