Sundaram Banking & PSU Fund Direct Growth

Sundaram Banking & PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sandeep Agarwal, Dwijendra Srivastava. This fund is suitable to keep your money safe.

1. Sundaram Banking & PSU Fund Direct Growth has ₹466 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Sundaram Banking & PSU Fund Direct Growth has given a CAGR return of 7.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.39%, 7.53% and 6.02% respectively.

Sundaram Banking & PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, Indian Oil Corporation Limited, 6.79% Govt Stock 2034, Rural Electrification Corporation Limited, HDFC Bank Limited

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 250.00. Sundaram Banking & PSU Fund Direct Growth has no lock in period.