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
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DATE OF LAUNCH
25 OCTOBER 2000
CATEGORY
EQUITY
TYPE
MULTI CAP
AUM*
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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
MINIMUM SIP AMOUNTRs.100
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
FUND MANAGER
RATISH VARIER / SUDHIR KEDIA
2 YEARS, 8 MONTHS
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).
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.
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This story originally appeared on: India Times - Author:Faqs of Insurances
