Sundaram Long Term Tax Advantage Fund Series II Direct Growth

Sundaram Long Term Tax Advantage Fund Series II Direct Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 32.35 as on 28-02-2024
Fund Performance

About the Sundaram Long Term Tax Advantage Fund Series II Direct Growth

Sundaram Long Term Tax Advantage Fund Series II Direct Growth is an equity fund. This fund was started on 21 March, 2016. The fund is managed by Sudhir Kedia, Rohit Seksaria. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Sundaram Long Term Tax Advantage Fund Series II Direct Growth has ₹12 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Sundaram Long Term Tax Advantage Fund Series II Direct Growth Overview

Expense ratio
Expense ratio
1.04%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹12 Cr
Inception Date
Inception Date
21 March, 2016
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
4.71%

Sundaram Long Term Tax Advantage Fund Series II Direct Growth Distribution as on (31-Jan-24)

  • Equity 97.4%

  • Debt & Cash 2.6%

Size breakup

Large cap
86.2%
Mid cap
8.2%
Small cap
3%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
34.7%
Tech
12.8%
Basic Materials
12.5%
Energy
12.4%
Consumer Cyclical
8.4%
Industrial
6.6%
Consumer Defensive
5.1%
Communication
4.6%
Health
2.8%

Top Holdings of Sundaram Long Term Tax Advantage Fund Series II Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings33

Sundaram Long Term Tax Advantage Fund Series II Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.00%
8.27%
5.84%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 1.00% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 0.70% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 12.4 Cr
₹ 12.4 Cr
₹ 11.1 Cr
  • AUM of the fund stands at 12.4 Cr as of Jan'24
  • AUM has remained same between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Sundaram Long Term Tax Advantage Fund Series II Direct Growth portfolio Returns for the month of Jan

Sundaram Long Term Tax Advantage Fund Series II Direct Growth Fund Manager

Sudhir Kedia
Sudhir Kedia
Fund Manager of Sundaram Long Term Tax Advantage Fund Series II Direct Growth, since 1 January 2022
Rohit Seksaria
Rohit Seksaria
Fund Manager of Sundaram Long Term Tax Advantage Fund Series II Direct Growth, since 1 January 2022

Sundaram Long Term Tax Advantage Fund Series II 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 16.12% since inception which is more than its category average return of 15.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.41% in Equity, 0% in Debt and 2.59% in Cash related instruments
AUM size ₹12 Cr

AUM size ₹12 Cr

This fund has AUM of ₹12 Cr which is less than its category average of ₹ 3382 Cr
Expense Ratio 1.04%

Expense Ratio 1.04%

This fund has an expense ratio of 1.04% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Sundaram Long Term Tax Advantage Fund Series II Direct Growth is ₹32.35 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.23%
5.23%
6 Month Returns
18.33%
18.33%
1 Year Returns
32.4%
32.4%
3 Years Returns
67.8%
18.83%
5 Years Returns
133.95%
18.53%
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1.04% as on January 2024
₹12 Cr as on January 2024
ICICI Bank Ltd(9.34%), HDFC Bank Ltd(8.18%), Reliance Industries Ltd(8.02%), Infosys Ltd(7.73%), State Bank of India(6.44%) as on January 2024
Financial Services(33.83%), Tech(12.49%), Basic Materials(12.16%) as on January 2024
The alpha ratio for the Sundaram Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
-3.85
0.1
-0.49
As on January 2024
The alpha for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated against S&P BSE 500 India TR 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
0.93
0.94
0.99
As on January 2024
The Beta for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated with S&P BSE 500 India TR 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
1.53
1.14
0.69
As on January 2024
The sharpe ratio for Sundaram Long Term Tax Advantage Fund Series II Direct Growth is calculated with S&P BSE 500 India TR 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 Long Term Tax Advantage Fund Series II Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Sundaram Long Term Tax Advantage Fund Series II Direct Growth
11.46
13.03
19.13
As on January 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 2.31 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sudhir Kedia, Rohit Seksaria are the fund managers of Sundaram Long Term Tax Advantage Fund Series II Direct Growth
The Exit load of Sundaram Long Term Tax Advantage Fund Series II Direct Growth is 0%