Sundaram ELSS Tax Saver Fund Direct

Equity
ELSS
Very High Risk
3Y Lock In
20.70%
3Y annualised
+0.46% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Dec 2023₹425.57
Min. SIP amount₹500
Rating3
Fund size₹1,061.51Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns14.4%20.7%15.3%14.4%
Category average16.9%19.9%15.6%NA
Rank with in category281822NA
Understand terms

Holdings (66)

NameSectorInstrumentAssets
FinancialEquity8.4%
EnergyEquity5.9%
FinancialEquity5.7%
TechnologyEquity4.3%
FinancialEquity3.2%
FinancialEquity2.9%
HealthcareEquity2.4%
FinancialEquity2.3%
Capital GoodsEquity2.1%
TechnologyEquity2.0%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

3Y annualised returns higher than category average by 0.75%
1Y, 5Y and 10Y annualised returns lower than category average
Higher alpha: 1.86 The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y
Lock-in period: 3Y
Exit load is zero
Higher expense ratio: 1.67%

Expense ratio, exit load and tax

Expense ratio: 1.67%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Sudhir Kedia
Oct 2019 - Present
View details

Education
Mr. Kedia is CA, CMA and MBA.
Experience
Prior to joining Sundaram Mutual Fund, he has worked with Principal Mutual Fund, Mirae Asset Mutual Fund and ASK investment.
Also manages these schemes

Rohit Seksaria
Jan 2022 - Present
View details

Education
Mr. Seksaria is CS, CA & has done MBA from IIM Ahmedabad
Experience
Prior to joining Sundaram Mutual Fund he has worked with Progress Capital/Asia Capital & Advisor Pte Ltd., Matchpoint Investment Management and Progress Capital Pte Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Sundaram Towers No. 46,,1st& 2nd Floor,Whites Road,Royapettah Chennai 600014
Phone
1860-425-7237
Launch Date
26 Feb 1996
E-mail
NA
Sundaram Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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