Sundaram Equity Multiplier Fund - Invest Online
Sundaram Equity Multiplier launched in February 2007 comes with a track record of eight years. The objective of the fund is to create long term wealth by investing in a portfolio of multi-cap diversified stocks.
Top 10 Holdings account for more than 33% weightage as on July 31, 2015; and are as follows:
| HDFC Bank - 5.2% | ICICI Bank - 3.1% |
| Infosys - 5.1% | TCS - 2.9% |
| Reliance Industries - 4.0% | ICRA - 2.2% |
| State Bank of India - 3.5% | GIC Housing Finance - 2.2% |
| Larsen & Toubro - 3.2% | TATA Communications - 2.1% |
The illustration below shows the performance of Sundaram Equity Multiplier vis-á-vis it's Benchmark (CNX 500 Index) and S&P CNX Nifty since inception (February 2007).
A Fund Performance - Key Highlights
- In last three years, Sundaram Equity Multiplier has outperformed by 3.1%. The fund has delivered an annualised return of 21.4%, its benchmark (CNX 500 Index) delivered 18.3%.
- An Investment of ₹ 10,000 at launch is now ₹ 22,753.
- An SIP of ₹ 1,000 a month since 2010 is worth ₹ 92,349 giving a 17.30% compounded annualised return over the period while its benchmark delivered 14.44%.
- Declared Cumulative Dividend of 50% (₹ 5 per unit in total) since inception on the face value of ₹ 10 per unit.
Why Sundaram Equity Multiplier - Economic Outlook
- Consumer inflation has stayed muted due to strong RBI stance on Inflation.
- A well-managed rupee by the RBI has meant that the volatility was contained and has depreciated the least among the rest of the EM currencies with respect to USD.
- Since the latest growth numbers was less then expectation, we expect another 25 bps of rate cut by RBI to spur growth.
- Low commodity prices along with low oil price to help contain CAD.
- Corporate growth to enter a growth phase aided by domestic recovery.
- Above reasons to augur well for the economy to lead it into a growth trajectory.
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