Fund Details
Sundaram Smart NIFTY 100 Equal Weight Fund Direct IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 0.47% |
| NAV | ₹16.25 (24 Jun 2021) |
|---|---|
| Fund Started | 12 Jan 2017 |
| Fund Size | ₹31 Cr |
Returns
Comparison
1. Lower expense ratio - 0.47%
2. 3Y Returns are higher than the category average returns
3. Exit load is zero
4. 1Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 50 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Adani Transmission Ltd. | Engineering | Equity | 1.5% |
| JSW Steel Ltd. | Metals | Equity | 1.4% |
| Tata Steel Ltd. | Metals | Equity | 1.4% |
| Cadila Healthcare Ltd. | Healthcare | Equity | 1.3% |
| NMDC Ltd. | Metals | Equity | 1.3% |
| UPL Ltd. | Chemicals | Equity | 1.2% |
| Wipro Ltd. | Technology | Equity | 1.2% |
| Adani Enterprises Ltd. | Services | Equity | 1.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.1% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 1.1% |
Fund Managers
Sundaram Smart NIFTY 100 Equal Weight Fund Direct IDCW Details
Sundaram Smart NIFTY 100 Equal Weight Fund Direct IDCW is a Other Mutual Fund Scheme launched by Sundaram Mutual Fund. This scheme was made available to investors on 12 Jan 2017. S Bharath is the Current Fund Manager of Sundaram Smart NIFTY 100 Equal Weight Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹31 Cr and the Latest NAV as of 24 Jun 2021 is ₹16.25.
The Sundaram Smart NIFTY 100 Equal Weight Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 100.
Investment Objective
The scheme seeks to invest in companies which are constituents of NIFTY 100 Equal Weighted Index (underlying Index) in the same proportion as in the index and endeavour to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to 2% tracking error.
Tax Implications
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.
