Sundaram Multi Cap Fund: The fund emphasises on growth at reasonable price (GARP) framework, with a preference for focused businesses with long growth runway

This multi-cap fund gave 22.49% returns in 5 years: Should you invest? Apart from the 25% fixed allocation to large-, mid- and smallcap segments, it prefers to retain presence in large-caps for the last 25% part of its portfolio where leeway in allocation is afforded for a multi-cap fund. Should invest in this fund?

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Sundaram Multi Cap Fund

BASIC FACTS
DATE OF LAUNCH

25 OCTOBER 2000
CATEGORY
EQUITY
TYPE
MULTI CAP
AUM*
Growfast
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    Rs.2,854 crore
    BENCHMARK
    NIFTY 500 MULTICAP
    50:25:25 TOTAL
    RETURN INDEX

    WHAT IT COSTS
    NAV**
    GROWTH OPTION

    Rs.382.98
    IDCW
    Rs.70.18
    MINIMUM INVESTMENT
    Rs.100

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    MINIMUM SIP AMOUNT
    Rs.100
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    EXPENSE RATIO# (%)
    1.98
    EXIT LOAD
    For units in excess of 25% of the investment, 1% will be charged for redemption within 365 days

    *AS ON 31 AUG 2024
    **AS ON 8 OCT 2024
    #AS ON 31 AUG 2024

    im-3

    FUND MANAGER

    RATISH VARIER / SUDHIR KEDIA
    2 YEARS, 8 MONTHS
    im-4

    im-5

    Recent portfolio changes
    New entrants

    Coal India, EID-Parry (India), Marico (Jul).
    Maruti Suzuki India (Aug).
    Complete exits
    Grindwell Norton, ITC, Neogen Chemicals (Jul).
    Ceat (Aug).

    im-6

    Should You Buy
    This fund was born out of the merger of Sundaram Equity with Principal Multi Cap when Sundaram MF took over the reins of Principal MF’s schemes in 2021. The fund emphasises on growth at reasonable price (GARP) framework, with a preference for focused businesses with long growth runway. Apart from the 25% fixed allocation to large-, mid- and smallcap segments, it prefers to retain presence in large-caps for the last 25% part of its portfolio where leeway in allocation is afforded for a multi-cap fund. Since its rechristening, the fund has delivered decent outperformance relative to its benchmark, but has fallen behind its peers. The fund needs to improve its show relative to peers to be considered a worthy bet in this segment.

    This story originally appeared on: India Times - Author:Faqs of Insurances