3 Year return

21.64%
Launched on August 2018 (6 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹3358.02 Cr.

Expense Ratio

0.73% (inclusive of GST)

Exit Load

If up to 25% of the units are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. - No exit Load If more than 25% of the units are redeemed or withdrawn by way of SWP within 365 days from the date of allotment - exit load of 1% of the applicable NAV will be charged. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

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

Fund Holdings

Holdings

Sundaram Mutual Fund Managers

RB

Rahul Baijal

Fund Manager since Apr 2022

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 Services Fund Direct Plan Growth

Offered by Sundaram Mutual, the Sundaram Services Fund — Direct Plan Growth is a sectoral fund that prioritises investments in the services sector. This sector includes various subsets like financial services, healthcare and fitness services, hospitality and tourism, transportation services, business services and more. On account of this diversification, the risk is distributed across many sub-sectors of the economy. Sundaram Services Fund Direct Plan Growth invests anywhere between 80% to 100% of its assets in the equity market. It is classified as a very high-risk fund, much like its Tier I benchmark, the Nifty Services Sector TRI.

Investment Objective of the Scheme

The Sundaram Services Fund Direct Plan Growth’s primary investment objective is to achieve long-term capital growth by investing in stocks from the services sector. The fund plans to outperform the Nifty Services Sector TRI and the Nifty 500 Multicap 50:25:25 TRI benchmark indices by including service sector stocks across all three levels of market capitalisation.

Key Features of The Fund

5-year return 23.61%
Expense Ratio 0.73%
Fund Manager Rahul Baijal
Fund Size ₹3358.02 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Sundaram Services Fund Direct Plan Growth could be an ideal addition to your investment portfolio if you wish to gain exposure to the burgeoning services sector despite the high risk associated with investing in a concentrated mutual fund. It also gives investors the option to invest a lump sum or small amounts via a SIP, so you can consider it no matter what your initial corpus may be, as long as you are comfortable with the risk involved.

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 Services Fund?

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 Services Fund Jun 21 2024 is 32.4369

What is the AUM of Sundaram Services Fund?

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 Services Fund is 3358.02 crore.

What is the expense ratio of Sundaram Services Fund?

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 Services Fund is 0.73%

What are the returns of Sundaram Services Fund since inception?

The Sundaram Services Fund was launched on Aug 29 2018. The fund has delivered a CAGR of 22.69 since inception.

What is the minimum SIP amount to invest in Sundaram Services Fund?

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 Services Fund is 100.

How do I invest in Sundaram Services Fund?

  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 Services Fund?

  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 Services Fund?

  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 Services Fund?

  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.