Sundaram Diversified Equity Fund Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||7.3%|
|Reliance Industries Ltd Shs Dematerialised||6.77%|
|ICICI Bank Ltd||6.04%|
|Housing Development Finance Corp Ltd||5.04%|
|Axis Bank Ltd||4.35%|
|HCL Technologies Ltd Shs Dematerialised||3.43%|
|Bharti Airtel Ltd||3.22%|
|Tata Consultancy Services Ltd||3.15%|
|Varun Beverages Ltd||2.87%|
About Sundaram Diversified Equity Fund
Sundaram Diversified Equity Fund is an open-ended Equity Linked Savings Scheme (ELSS) which invests primarily in equity and equity-related instruments across industry sizes and sectors. The fund has a mandatory lock in period of 3 years. It is suitable for investors who are looking for wealth maximisation over the long term investment horizon. The scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of Sundaram Diversified Equity Fund
Sundaram Diversified Equity fund offers the following benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it had outperformed the benchmark by wide margin in 5 year time horizons. However, the fund has lost returns higher than the category in 3 month and 1 year horizon.
Fund Information and Statistics of Sundaram Diversified Equity Fund
i) Inception / Launch date
Sundaram Diversified Equity fund was launched on 2 November 1999 by Sundaram Mutual Fund.
ii) Risk level
Being a multi-cap fund, Sundaram Diversified Equity fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. S. Krishnakumar, who holds a rich experience in fund management, has been managing the Sundaram Diversified Equity fund since April 2015.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Sundaram Diversified Equity fund.
Tax benefits of investing in Sundaram Diversified Equity Fund
Sundaram Diversified Equity fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Sundaram Mutual Fund
Sundaram Mutual Fund provides a wide range of mutual funds in equity, debt and hybrid space to serve investors across risk and liquidity profile. The fund manager is well supported by a strong research team to build a portfolio of winning stocks. With respect to fixed income funds, the focus is to maintain credit quality of the portfolio.
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Frequently Asked Questions
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns