How Sundaram Rural and Consumption Fund is Helping India Getting Rich?

India is one of the most populous countries in the world. Nearly 70% of the population still lives in rural areas. As a result, the country is ailing with problems like unemployment, poor infrastructure, improper sanitation, and depleting quality of life. The government has been working with full force to eradicate these problems and build a stronger, happier society where every person gets the best of life.

Promoting industries in the backward sections of the society is an important step in ruling out the above mentioned problems. And with mutual funds such as Sundaram Rural and Consumption Fund, this task has become even more possible. This fund is specially designed to source more capital from the market and inject in the rural based companies.

Understanding the theme

MySIPonline – India’s leading online investment brand – has put out a detailed outlet of Sundaram Rural and Consumption Fund (G). It will help you to understand how this fund can work for the betterment of the investors and the society at large. Let’s see how it all works.
Sundaram Rural and Consumption Fund – Regular Plan, previously known as Sundaram Rural India Fund, is a thematic fund that direct its capital in rural based companies. It strives to create wealth by promoting these companies and helping them to achieve better yields, every year. In other words, it works as a bridge between the providers and seekers of the capital with an aim to promote and develop the poorer sections of India.

The Bio Data

When investing in a fund, it is important to take note of its key highlights. Sundaram Rural and Consumption Fund (G) is aimed at a noble cause, but from a business point of view this reason is not enough for initiating an investment in it. Hence, the experts of MySIPonline have penned down the main details about this fund that will help you to gauge if it deserves your money. Let’s take a look at these details: -

1. The Age : Sundaram Rural and Consumption Fund is working since 2006. It is geared towards promoting rural areas and creates capital through diversified equity portfolio. Normally, a fund is considered fit to invest if it has passed at least 5 years in the market. Since Sundaram Rural and Consumption Fund G has been in the market for over a decade, it suffices this requirement. 
2. The Wealth : Over the years, Sundaram Rural and Consumption Fund (Growth) has accumulated a wealth which is worth ₹2, 347 crore as valued on 31st May 2019. This is a sufficient corpus to initiate further expansion and can lead to better future prospects. 
3. The Expenses : The fund expenses is an inevitable part of any mutual fund. However, it should not exceed the maximum limit set which is 3%, currently. In case of Sundaram Rural and Consumption Fund (G), this ratio sits at the value of 2.17%. This tell-tales that the expenses are well under control and the resources are utilized optimally. 
4. The Returns : In the past, Sundaram Rural and Consumption Fund – Regular Plan (G) has given attractive returns, surpassing the performance of the benchmark (NIFTY 500 TRI) and the peers. The last five-year yield sits an average of 14.51%, while the yield to date average out at 11.52%. 

On the basis of the above information, it will be justified to say that Sundaram Rural and Consumption Fund (G) is indeed a good investment option. By investing in it, you can grow yours as well as the country’s wealth in a few years. For making the best financial plan, take assistance from MySIPonline.