Sundaram Diversified Equity: A Long Term Tax Saver Fund

Sundaram Mutual Fund is one of the most trusted asset management companies in India which was launched in the year 1996. It is a part of the one of the oldest and well-known financial groups, i.e., Sundaram Finance Limited Group. Spreading the expertise in the industry of mutual fund and making the dreams of the investors come true, this AMC has been consistently stepping toward new heights of success. Moreover, it offers various types of mutual fund schemes which have the potential to fulfil the different financial needs of the investors. Among the many, one of a kind is the long-term tax saving scheme. The tax saving scheme of Sundaram Mutual Fund helps the investors to avail the tax benefits u/s 80C of the Income Tax Act. Here’s all you need to know about the scheme in detail so that you can plan your tax saving route for the upcoming financial year ending:

An Overview: It was launched in the year 1999, and has faced many ups and downs of the market swings. It has recorded the mark at 18.30% as returns since launch. While providing the tax benefits to the investors, it also offers them attractive returns from the investments in equities. Its performance is measured against the benchmark, S&P BSE 200. The fund has a good record of trailing returns in the cycle of three, five, and seven years which are tracked at 14.15%, 17.44%, and 10.40% respectively as on November 09, 2017. The NAV of sundaram diversified equity A long term tax saver fund scheme has amounted to Rs. 102.45 as on November 09, 2017. The total assets under management are amounting to Rs. 2,088 crore as on September 30, 2017. Altogether, it shows that this scheme has provided excellent growth to the investors.

Portfolio Allocation: Being a diversified equity scheme, this fund invests in the mix of small, mid, and large-cap stocks in the proportion of 6.80%, 38.23%, and 54.98% respectively. Therefore, it also diversifies the risk involved in investing in a particular stock. The below table shows the top ten holdings of this scheme which hold almost 30% of the total capital:

From the top ten holdings of this scheme, you can have an idea of the overall portfolio asset allocation strategy of the fund manager. It aggressively invests in the stocks of the companies in the financial sector which amounts to nearly 30.35%.

In the bottom line, there is no doubt in saying that you can choose this scheme to invest in. The year-end is approaching, and you must get ready to avail maximum benefits in your tax. To know more about how you can earn profits by investing in mutual funds, get associated with us right away at MySIPonline.