Sundaram Financial Services Opportunities Fund Direct Growth

Equity
Direct
Sector - Financial Services
Sundaram Financial Services Opportunities Fund Direct Growth

About the Fund

Sundaram Financial Services Opportunities Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ashish Aggarwal, Rohit Seksaria. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Sundaram Financial Services Opportunities Fund Direct Growth has ₹1387 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Sundaram Financial Services Opportunities Fund Direct Growth has given a CAGR return of 15.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.11%, 22.89% and 20.13% respectively.

Holdings

Sundaram Financial Services Opportunities Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Cholamandalam Financial Holdings Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Sundaram Financial Services Opportunities Fund Direct Growth

To seek long-term capital appreciation by investing predominantly in equity and equity related securities of Indian companies engaged in the banking and financial services sector.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Sundaram Financial Services Opportunities Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1513 people have invested ₹ 1.3Cr in Sundaram Financial Services Opportunities Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio0.76%
Benchmark
S&P BSE BANKEX INR
AUM₹1387 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
58.29%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 95.9%

  • Debt & Cash 4.1%

Large cap
65.1%

Small cap
27.3%

Mid cap
3.9%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
100%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Ashish Aggarwal
Ashish Aggarwal
Fund Manager of Sundaram Financial Services Opportunities Fund Direct Growth, since 1 January 2022
Rohit Seksaria
Rohit Seksaria
Fund Manager of Sundaram Financial Services Opportunities Fund Direct Growth, since 30 December 2017

Mutual Fund Insights

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In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, Quant BFSI Fund Direct Growth has given 65.86% return, outperforming this fund by 32.75%.
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Over the last 6 months, this fund has experienced a 27.8% growth in AUM moving from 1.08K Cr to 1.38K Cr.
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In the last 5 years, this fund has outperformed all funds in its category.
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This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.01%.

Sundaram Financial Services Opportunities Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.3% since inception which is less than its category average return of 17.27%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.87% in Equity, 0.35% in Debt and 3.78% in Cash related instruments
AUM size ₹1387 Cr

AUM size ₹1387 Cr

This fund has AUM of ₹1387 Cr which is less than its category average of ₹ 1656 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of Sundaram Financial Services Opportunities Fund Direct Growth is ₹109.21 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Sundaram Financial Services Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.88%
1.88%
6 Month Returns
15.19%
15.19%
1 Year Returns
33.11%
33.11%
3 Years Returns
85.6%
22.89%
5 Years Returns
150.18%
20.13%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.76% as on June 2024
₹1387 Cr as on June 2024
HDFC Bank Ltd(17.24%), ICICI Bank Ltd(11.11%), Axis Bank Ltd(9.23%), State Bank of India(5.91%), Cholamandalam Financial Holdings Ltd(4.62%) as on June 2024
The alpha ratio for the Sundaram Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Sundaram Financial Services Opportunities Fund Direct Growth
17.4
8.77
5.94
As on June 2024
The alpha for Sundaram Financial Services Opportunities Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Sundaram Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Sundaram Financial Services Opportunities Fund Direct Growth
0.78
0.89
0.96
As on June 2024
The Beta for Sundaram Financial Services Opportunities Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Sundaram Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Sundaram Financial Services Opportunities Fund Direct Growth
2.1
1.1
0.63
As on June 2024
The sharpe ratio for Sundaram Financial Services Opportunities Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Sundaram Financial Services Opportunities Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Sundaram Financial Services Opportunities Fund Direct Growth
12.18
14.88
24.68
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.17 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.83 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ashish Aggarwal, Rohit Seksaria are the fund managers of Sundaram Financial Services Opportunities Fund Direct Growth
The Exit load of Sundaram Financial Services Opportunities Fund Direct Growth is 1%