Sundaram Select Midcap Fund: A consistent outperformer

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW HAS THE FUND PERFORMED?
With a 10-year return of 14.97%, the fund has outperformed both the benchmark return (7.38%) and the category (12%) by a good margin.

Growth of Rs 10,000 vis-a-vis category and benchmark




BASIC FACTS
Date of launch: 30 July 2002
Category: Equity
Type: Mid Cap
Average AUM: Rs 5,663.80 cr
Benchmark: S&P BSE Mid Cap Index

WHAT IT COSTS
NAVs(As on 31 Oct 2017) Growth option: Rs 508
Dividend option: Rs 43
Minimum investment: Rs 5,000
Minimum SIP amount: Rs 250 Expense ratio (%): 2.23
Exit load: 1% for redemption within 365 days

FUND MANAGER
S. Krishna Kumar
Tenure: 4 years 11 months
Education: B.Tech, MBA

WHERE DOES THE FUND INVEST?


HOW RISKY IS IT?

Wherever not specified, data as on 30 Sep 2017. Source: Value Research

SHOULD YOU BUY?
This mid-cap focused fund has shown remarkable consistency in outperforming both its benchmark index and the category over many years. It takes a sharper tilt towards mid-caps compared to its peers. While the fund manager used to take large positions in his conviction picks, he has moderated exposure to his top bets over the past year.

He has also chosen to stay away from capital guzzling businesses instead favouring those with efficient capital allocation practices. The fund boasts of a superior risk-reward profile compared to many of its peers, and while it has underperformed slightly over the past one year, its proven track record in the hands of a capable fund manager provides comfort. It remains a worthy pick in the midcap basket.