3 Year return

17.59%
Launched on January 2013 (11 years)

Investment Details

₹250

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1577.96 Cr.

Expense Ratio

1.61% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2.5

Ratings by other agencies

0
0
2

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Sundaram Mutual Fund Managers

SK

Sudhir Kedia

Fund Manager since Oct 2019

View Details

Fund House Details

Sundaram Mutual Fund

Sundaram Mutual Fund Asset management company

AUM ₹56,666.82 Cr.
No. of Schemes 124
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Sundaram Mutual Fund

List of mutual fund schemes by AMC

About Sundaram Diversified Equity (ELSS) Direct Plan Growth

The Sundaram Diversified Equity (ELSS) Direct Plan Growth is an equity linked savings scheme (ELSS) managed by Sundaram Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. ELSS funds are a type of equity mutual fund that offer tax benefits under Section 80C of the Income Tax Act. Investors can claim a deduction of up to ₹1.5 lakh on their investment in ELSS funds in a financial year. The Sundaram Diversified Equity (ELSS) Direct Plan Growth invests in a diversified portfolio of equity shares. The fund aims to generate long-term capital appreciation by investing in these companies.

Investment Objectives of the Scheme

The investment objective of the Sundaram Diversified Equity (ELSS) Direct Plan Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity shares. The fund will invest at least 80% of its assets in equity shares.

Key Features of The Fund

5-year return 16.05%
Expense Ratio 1.61%
Fund Manager Sudhir Kedia
Fund Size ₹1577.96 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Sundaram Diversified Equity (ELSS) Direct Plan Growth is a good option for investors who are looking to save tax and generate long-term capital appreciation. The fund offers the potential for higher returns than other tax-saving investment options, such as fixed deposits and savings accounts. However, the fund is not suitable for investors who are looking for a safe investment. Equity investments are subject to market risks and there is a risk of losing money.

AMC Contact Details

Name Sundaram Mutual Fund
Launch Date 1996
Addresss Sundaram Towers, II Floor, 46, Whites Road, Chennai - 600 014
Contact 1860 425 7237, 044 2858 3362/3367, 044 2856 9900
Email customerservices@sundarammutual.com
Website https://www.sundarammutual.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Sundaram Diversified Equity (ELSS)?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Sundaram Diversified Equity (ELSS) Jun 19 2024 is 219.6352

What is the AUM of Sundaram Diversified Equity (ELSS)?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Sundaram Diversified Equity (ELSS) is 1577.96 crore.

What is the expense ratio of Sundaram Diversified Equity (ELSS)?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Sundaram Diversified Equity (ELSS) is 1.61%

What are the returns of Sundaram Diversified Equity (ELSS) since inception?

The Sundaram Diversified Equity (ELSS) was launched on Jan 01 2013. The fund has delivered a CAGR of 14.05 since inception.

What is the minimum SIP amount to invest in Sundaram Diversified Equity (ELSS)?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Sundaram Diversified Equity (ELSS) is 250.

How do I invest in Sundaram Diversified Equity (ELSS)?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Sundaram Diversified Equity (ELSS)?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Sundaram Diversified Equity (ELSS)?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Sundaram Diversified Equity (ELSS)?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.