Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 29.28 as on 12-06-2024

About the Fund

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is an equity fund. This fund was started on 18 November, 2016. The fund is managed by Sudhir Kedia, Rohit Seksaria. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal has ₹82 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.2.

Returns

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal has given a CAGR return of 17.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.71%, 29.36% and 25.57% respectively.

Holdings

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Real Estate, Consumer Defensive, Health, Communication, Tech, Corporate. Its top holdings are Brigade Enterprises Ltd, KSB Ltd, Safari Industries (India) Ltd, KEI Industries Ltd, Equitas Small Finance Bank Ltd Ordinary Shares

Taxation

As it is a elss (tax savings) 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 L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal

the investment objective of the scheme is to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments of companies that can be termed as micro-cap and from income tax benefit available. For the purpose investment by the scheme ‘micro cap’ stock is defined as one whose market cap is equal to or lower than the 301stStock by market cap (after sorting the securities in the descending order of market capitalization) on the National Stock exchange of India limited, mumbai, at the time of investment. however, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. There is a lock in period for Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal of 3 Years

Fund Performance

Overview

Expense ratio
Expense ratio
1.24%
Benchmark
Benchmark
IISL NIFTY Smallcap 100 PR INR
AUM
AUM
₹82 Cr
Inception Date
Inception Date
18 November, 2016
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
9.61%

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal Distribution as on (30-Apr-24)

  • Equity 96.1%

  • Debt & Cash 3.9%

Size breakup

Small cap
85.1%
Mid cap
9.9%
Large cap
1.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
24.7%
Industrial
23.5%
Consumer Cyclical
18.5%
Basic Materials
13.4%
Consumer Defensive
5%
Real Estate
4.9%
Health
4.9%
Communication
4.2%
Tech
0.8%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.27%
-4.19%
-1.78%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 7.27% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 4.80% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 82.1 Cr
₹ 81.8 Cr
₹ 81.8 Cr
  • AUM of the fund stands at 82.1 Cr as of Apr'24
  • AUM increased by 0.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal as on (31-May-24)

  • Equity

Equity Holdings45

Fund Manager

Sudhir Kedia
Sudhir Kedia
Fund Manager of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal, since 1 January 2022
Rohit Seksaria
Rohit Seksaria
Fund Manager of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal, since 1 April 2019

Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal 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 17.21% since inception which is more than its category average return of 16.24%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.14% in Equity, 0% in Debt and 3.86% in Cash related instruments
AUM size ₹82 Cr

AUM size ₹82 Cr

This fund has AUM of ₹82 Cr which is less than its category average of ₹ 3674 Cr
Expense Ratio 1.24%

Expense Ratio 1.24%

This fund has an expense ratio of 1.24% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is ₹29.28 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
11.22%
11.22%
6 Month Returns
10.95%
10.95%
1 Year Returns
44.71%
44.71%
3 Years Returns
116.47%
29.36%
5 Years Returns
212.17%
25.57%
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1.24% as on May 2024
₹82 Cr as on May 2024
Brigade Enterprises Ltd(5.44%), KSB Ltd(5.32%), Safari Industries (India) Ltd(4.75%), KEI Industries Ltd(4.67%), Equitas Small Finance Bank Ltd Ordinary Shares(4.31%) as on May 2024
Financial Services(24.31%), Industrial(24.03%), Consumer Cyclical(16.38%) as on May 2024
The alpha ratio for the Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
-2.61
9.49
4.14
As on May 2024
The alpha for Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is calculated against IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
0.64
0.73
0.84
As on May 2024
The Beta for Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is calculated with IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
2.03
1.33
0.78
As on May 2024
The sharpe ratio for Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is calculated with IISL NIFTY Smallcap 100 PR 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 L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
12.97
16.07
24.69
As on May 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 2.69 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.81 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sudhir Kedia, Rohit Seksaria are the fund managers of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal
The Exit load of Sundaram L/T Micro cap Tax Advantage Sries III Direct of Income Distribution cum Capital Withdrawal is 0%