Sundaram Financial Services Opportunities Fund

Sundaram Financial Services Opportunities Fund is being managed by J Venkatesan and R Vijayendiran. Most banking funds have performed well in the past 3 year period. This fund has been an average performer among its peers. Existing investors can exit this fund and if you are a new investor you might want to settle for the best performing fund in the category.

Where does Sundaram Financial Services Opportunities Fund invest your money?

Sundaram Financial Services Opportunities Fund is banking sector fund which invests your money in stocks of banks and NBFCs across large, mid and small market caps. This fund has 67% exposure to large cap companies, 28% exposure to mid cap companies and 3% in small cap companies.

Suitable for what?
  • Creation of wealth
  • Lifestyle needs
Not Suitable for?
  • Child's Education
  • Child's Marriage
  • Planning for Retirement
  • Buying a house 
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has Sundaram Financial Services Opportunities Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in June 2008 the value of your investments would be around Rs 1.7 lakhs. The performance has not been better than other mutual funds in this category. The fund has been giving at around 16% every year for those who stayed invested for last 3.5 years.

Assume you had invested Rs 10,000 every month in Sundaram Financial Services Opportunities Fund through SIP from the month of inception today you would have around Rs 5.5 lakhs.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Sundaram Financial Services Opportunities Fund is 2.77%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

When to exit?

Withdraw when your goals are closer to achievement. Do not remove the money during when the markets go up or down. Do not panic. Stick to your goals.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. Sundaram Financial Services Opportunities Fund does not qualify for sec 80C ELSS benefits.

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