"Doosra" advantage of Sundaram Tax Saver - tax savings under Section 80-C^ in the year of investment + long term wealth creation
About the fund
A diversified multi cap fund with approx. 30-50% in large caps and balance in mid and small caps
The fund’s diversified strategy with part exposure to large caps reduces the volatility of the fund while still capturing a significant part of the upside potential with the economic recovery gaining strength
A three-year lock-in period shall apply in line with the regulation for ELSS Schemes
Given the lock-in of 3 years, the fund is better placed to pick stocks with a long term outlook
The fund’s sector allocation is broadly driven by a top down analysis of the economy and sectors that are relatively attractive with a medium term perspective. Stock selection is purely a bottom-up approach using in-house research.
Stock picks favour companies which can pose significant growth in sales and earnings growth over next 3 years and are attractively valued today
Growth At Reasonable Price (GARP) is the investment model that’s broadly followed
The fund is currently overweight on sectors aligned towards impending domestic economic recovery
Benchmark: S&P BSE 200 Index
Since launch, the fund has delivered a compounded annual return of 17.4% vis-a-vis benchmark return of 11.9%. The fund has consistently outperformed the benchmark.
Suitability
Investors looking for a diversified fund with a tilt in allocation towards mid and small cap
For those wanting to avail the benefits u/s 80C of the Income Tax Act
Regards, Team FundsIndia
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