Sundaram Mutual Fund
Sundaram Mutual Fund
Introduction to Sundaram Mutual Fund
Sundaram Mutual Fund, managed by Sundaram Asset Management Company Ltd. (Sundaram AMC), is a prominent player in the Indian mutual fund industry. It's a wholly-owned subsidiary of Sundaram Finance Limited (SFL), one of India's oldest and most respected Non-Banking Financial Companies (NBFCs), established in 1954. Sundaram AMC itself was established in 1996, bringing nearly three decades of fund management expertise.
Sundaram Mutual Fund prides itself on a legacy of trust, innovation, and a strong retail investor focus. Their investment philosophy emphasizes:
- Robust Research: A strong in-house research team forms the backbone of their fund management, delving deep into companies and industries.
- Disciplined Processes: They adhere to stringent investment processes and risk management frameworks to ensure consistency and mitigate downside risks.
- Value and Growth Approach: While specific funds may lean one way, their overall approach often seeks a blend of companies with strong growth prospects available at reasonable valuations.
- Innovation: Sundaram Mutual Fund has been a pioneer in launching funds in emerging themes and market segments, such as early entry into mid-caps, capex, leadership, rural India, and micro-caps, and the services sector.
- Accessibility: With a wide network of over 80 branches across India, an office in Dubai, and a wholly-owned subsidiary in Singapore, they strive to make mutual funds accessible to a broad investor base.
A significant development for Sundaram Mutual Fund was its acquisition of the mutual fund schemes of Principal Mutual Fund in late 2021/early 2022, further strengthening its market position and diversifying its product offerings.
Fund Managers
Sundaram Mutual Fund has a dedicated and experienced team of fund managers and analysts. Here are some of the key individuals leading their investment strategies:
- Mr. Bharath S: Head - Equities. With over two decades of experience in equity research and fund management, he manages several key equity and hybrid schemes, including Sundaram Mid Cap Fund and Sundaram Large & Mid Cap Fund.
- Mr. Sandeep Agarwal: Head - Fixed Income. He has over 15 years of experience in the fixed income space and co-manages fixed income schemes and the debt portion of hybrid funds.
- Mr. Ratish B. Varier: Fund Manager - Equity. With 19 years of experience, he manages schemes like Sundaram Mid Cap Fund, Sundaram Multi Cap Fund, and Sundaram Business Cycle Fund.
- Mr. Rohit Seksaria: Fund Manager - Equity. He brings over two decades of experience in equity research and fund management, managing schemes such as Sundaram Small Cap Fund and Sundaram Services Fund.
- Mr. Ashwin Jain: Fund Manager - Equity. With 19 years of experience, he manages Sundaram Focused Fund and Sundaram Large Cap Fund.
- Mr. Ashish Aggarwal: Fund Manager - Equity. He has over 19 years of experience in research and manages Sundaram Large & Mid Cap Fund and Sundaram Financial Services Opportunities Fund.
- Mr. Dwijendra Srivastava: Fund Manager - Debt.
- Mr. Clyton Richard Fernandes: Fund Manager.
The team works collaboratively to implement Sundaram Mutual Fund's investment philosophy across its diverse range of products.
Scope of Sundaram Mutual Fund
The scope of Sundaram Mutual Fund's operations is extensive and covers a wide array of investment opportunities, reflecting its long-standing presence and recent acquisitions:
- Comprehensive Product Portfolio: They offer a full suite of funds across equity, fixed-income (debt), hybrid, liquid, and passive categories, catering to varying risk-return profiles and investment horizons.
- Deep Market Capitalization Coverage: Their equity funds span all market caps – large, mid, small, and multi-cap, allowing for targeted or diversified equity exposure.
- Thematic and Sectoral Specialization: They have a strong focus on identifying and launching funds in new and emerging themes and sectors, such as Services, Consumption, Financial Services, and Infrastructure, allowing investors to capitalize on specific economic trends.
- Active and Passive Strategies: While known for active management, they also offer passive funds like index funds and ETFs for investors seeking low-cost, benchmark-tracking options.
- Hybrid Solutions: A strong emphasis on hybrid funds (Aggressive Hybrid, Balanced Advantage, Equity Savings, Multi Asset Allocation) provides balanced solutions for investors seeking a mix of growth and stability.
- Strong Research Backbone: Their commitment to in-depth research allows them to unearth investment opportunities and build robust portfolios.
- Extensive Distribution Network: With a significant branch presence across India and international offices, they aim to serve a broad investor base, including retail, HNI, and institutional clients.
- Portfolio Management Services (PMS) and Alternative Investment Funds (AIF): Through their Sundaram Alternates business, they also cater to High Net Worth Individuals (HNIs) with specialized investment products.
List of All Funds with Brief Explanation (Prominent Schemes)
Sundaram Mutual Fund offers a wide range of schemes. Here's a list of some of their prominent funds across different categories:
Equity Funds:
- Sundaram Mid Cap Fund: An open-ended equity scheme investing predominantly in mid-cap companies. It aims to generate long-term capital appreciation by investing in companies with strong growth potential.
- Sundaram Small Cap Fund: Focuses on investing in equity and equity-related instruments of small-cap companies. It carries higher risk but offers potential for significant long-term growth.
- Sundaram Large & Mid Cap Fund: Invests in a diversified portfolio of large-cap and mid-cap companies, aiming for a balance of stability and growth.
- Sundaram Flexi Cap Fund: Offers flexibility to invest across large-cap, mid-cap, and small-cap companies without any fixed market-cap allocation, adapting to market conditions.
- Sundaram Multi Cap Fund: Invests across large-cap, mid-cap, and small-cap stocks, with specific minimum allocations to each segment as per SEBI regulations, providing broad diversification.
- Sundaram ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) that offers tax benefits under Section 80C with a 3-year lock-in period. It invests primarily in equities for long-term capital growth.
- Sundaram Focused Fund: Invests in a concentrated portfolio of a limited number of equity and equity-related instruments (as per SEBI guidelines for focused funds), aiming for high conviction ideas.
- Sundaram Dividend Yield Fund: Focuses on investing in companies that have a consistent track record of paying dividends or have high dividend yields, aiming for income and capital appreciation.
- Sundaram Services Fund: A thematic fund that invests in companies primarily engaged in the services sector, aiming to capitalize on the growth of India's services economy.
- Sundaram Consumption Fund: Invests in companies that are expected to benefit from India's growing consumption story, including consumer discretionary and staples.
- Sundaram Financial Services Opportunities Fund: A sectoral fund focusing on companies within the banking, financial services, and insurance (BFSI) sectors.
- Sundaram Infrastructure Advantage Fund: Invests in companies that are part of the infrastructure development theme in India.
- Sundaram Business Cycle Fund: An equity fund that aims to invest in sectors and stocks that are expected to perform well during different phases of the economic business cycle.
- Sundaram Large Cap Fund: Primarily invests in equity and equity-related instruments of large-cap companies, providing exposure to established businesses and aiming for relatively stable returns.
Hybrid Funds:
- Sundaram Aggressive Hybrid Fund: An open-ended hybrid scheme that invests a higher proportion (typically 65-80%) in equities for growth and the remaining in debt instruments for stability and income.
- Sundaram Balanced Advantage Fund: A dynamic asset allocation fund that adjusts its equity and debt exposure based on quantitative models and market valuations, aiming for stable risk-adjusted returns across market cycles.
- Sundaram Equity Savings Fund: A hybrid fund that combines equity investments (including arbitrage opportunities) with debt instruments, aiming to provide relatively stable returns with lower volatility.
- Sundaram Multi Asset Allocation Fund: Invests across at least three asset classes (typically equity, debt, and gold/commodities), aiming to provide broad diversification and optimize risk-adjusted returns through dynamic allocation.
- Sundaram Arbitrage Fund: A low-risk hybrid strategy fund that aims to generate stable returns by capitalizing on arbitrage opportunities between the cash and futures markets for equities, offering tax-efficient returns.
- Sundaram Conservative Hybrid Fund: Invests predominantly in debt instruments for stability and a smaller portion (typically 10-25%) in equities for moderate growth.
Debt Funds:
- Sundaram Liquid Fund: Invests in highly liquid money market instruments with very short maturities, suitable for short-term parking of funds with high liquidity.
- Sundaram Overnight Fund: Invests exclusively in overnight instruments (maturing in one day), offering maximum liquidity and minimal interest rate risk, ideal for extremely short-term parking.
- Sundaram Ultra Short Duration Fund: Invests in debt and money market instruments with Macaulay duration between 3 to 6 months, suitable for short-term parking with a slight risk-return trade-off.
- Sundaram Low Duration Fund: Invests in debt and money market instruments with Macaulay duration between 6 months to 1 year, aiming for relatively stable returns with low interest rate risk.
- Sundaram Short Duration Fund: Invests in debt and money market instruments with Macaulay duration between 1 year to 3 years.
- Sundaram Medium Duration Fund: Invests in debt and money market instruments with Macaulay duration between 3 years to 4 years.
- Sundaram Corporate Bond Fund: Primarily invests in corporate bonds of various maturities issued by highly rated companies.
- Sundaram Banking & PSU Debt Fund: Focuses on investing in debt instruments issued by banks, Public Sector Undertakings (PSUs), and Public Financial Institutions (PFIs).
Other Funds (ETFs and Fund of Funds):
- Sundaram Nifty 100 Equal Weight Fund: A passive fund that aims to replicate the performance of the Nifty 100 Equal Weight Index.
- Sundaram Global Brand Theme - Equity Active FoF: A fund of fund that invests in global equity funds with a focus on companies with strong global brands.
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