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INVESTMAP
Fact Sheet for March 2015
Toll Free 1800 103 7237 (India) +91 44 49057300 (NRI)
www.sundarammutual.com
SMS SFUND to 56767
E-mail customerservices@sundarammutual.com
Sundaram Mutual Fund
Product Labels
Equity Schemes
This product is suitable for investors who are seeking*
Sundaram Growth Fund
• Long term capital growth • Investment in equity & equity related securities • High Risk nBrown
Sundaram Select Focus
• Long term capital growth • Investment in equity & equity related instruments of select stocks • High Risk nBrown
Sundaram Select Mid Cap
• Long term capital growth • Investment in diversified stocks that are generally termed as mid-caps • High Risk nBrown
Sundaram S.M.I.L.E Fund
• Long term capital growth • Investment in diversified stocks that are generally termed as small and mid-caps
• High Risk nBrown
Sundaram Equity Multiplier
• Long term capital growth • Investment in equity & equity related securities • High Risk nBrown
Sundaram Tax Saver
• Long term capital growth with 3 year lock-in period • Investment in equity & equity related securities
• High Risk nBrown
Sundaram Equity Plus#
• Long term capital growth • Investment in equity & equity related instruments to the extent of 65% and in Gold-ETF up
to 35% • High Risk nBrown
Sundaram Select Micro Cap
• Long term capital growth • investment predominantly in equity / equity-related instruments of companies that can be
termed as micro-caps • High Risk nBrown
Sundaram Top 100
• Long term capital growth • Investment in equity/equity-related instruments of companies specified as eligible securities
under RGESS • High Risk nBrown
Sundaram Select Small Cap
• Long term capital growth • investment predominantly in equity / equity-related instruments of companies that can be
termed as small-caps. • High Risk nBrown
Sundaram World Brand Fund
• long term capital growth • investment predominantly in equity & equity related Instruments listed on recognized overseas
stock exchanges across the world • High Risk nBrown
Sundaram Value Fund
• Long term capital growth • investment in a well diversified portfolio of stocks through fundamental analysis
• High Risk nBrown
Sundaram Balanced Fund
• Long term capital growth and current income • A judicious mix of investments in equity and fixed income securities •
High Risk nBrown
Sundaram Infrastructure
Advantage Fund
• Long term capital growth Investment in equity and equity related instruments of companies engaged either directly or
indirectly in infrastructure- and infrastructure related activities or expected to benefit from the growth and development of
infrastructure • High Risk nBrown
Sundaram Select Thematic Funds Rural India Fund
Sundaram Financial Services Opportunities
Fund
• Long term capital growth • Investment in equity and equity related instruments of companies focussing on Rural India
• High Risk nBrown
• Long term capital growth • Investment in equity and equity related instruments of companies engaged in Banking &
Financial Services • High Risk nBrown
• Long term capital growth • Investment in equity and equity related instruments of companies focussing on opportunities
Sundaram Entertainment Opportunities Fund in the entertainment business • High Risk nBrown
Sundaram Select Thematic Funds - PSU
• Long term capital growth • Investment in equity and equity related instruments of public sector companies
• High Risk nBrown
Opportunities
• Long term capital growth • Investment in units of overseas mutual funds & ETFs
Sundaram Global Advantage
• High Risk nBrown
Fixed Income Schemes
This product is suitable for investors who are seeking*
Sundaram Money Fund
• Short term income • preservation of capital, liquidity and lower level of risk through investments made primarily in
money market and debt securities • Low Risk nBlue
Sundaram Ultra Short Term Fund
• Short term income • liquidity through investments made primarily in money market and debt securities
• Low Risk nBlue
Sundaram Flexible Fund Short-Term Plan
• Short term income • reasonable returns from a portfolio comprising substantially of fixed income and money market
instruments by keeping the interest rate risk of the fund low • Low Risk nBlue
Sundaram Flexible Fund Flexible Income
Plan
• income over short to medium term • reasonable returns from a portfolio comprising substantially of fixed income and
money market instruments by keeping the interest rate risk of the fund low • Medium Risk nYellow
Sundaram Gilt Fund
• Long term income • regular income through dedicated investments in gilts consistent with preservation of capital
• Low Risk nBlue
Sundaram Bond Saver
• Income over medium to long term • regular income by investing primarily in fixed income securities
• Medium Risk nYellow
Sundaram Income Plus
• Income over medium to long term, • high yields by investing in fixed income securities,
• Medium Risk nYellow
Sundaram Select Debt Short-Term Asset Plan
• Income over short to medium term, • to earn regular income by investing primarily in fixed income securities
• Medium Risk nYellow
• Income over medium to long term, • regular income through investment in fixed income securities and long term capital
Sundaram Monthly Income Plan (Moderate /
appreciation by investing a portion of the assets in equity and equity related instruments,
Aggressive / Conservative Plans)
• Medium Risk nYellow
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
# ‘Plus’ used in the scheme name is only in terms of asset allocation and not in terms of return/yield.
Note: Risk may be represented as:
(BLUE) investors understand that their principal will be at low risk
www.sundarammutual.com
(YELLOW) investors understand that their principal will be at medium risk
March 31, 2015
Page 2
(BROWN) investors understand that their principal will be at high risk
Sundaram Mutual Fund
Track Record Equity Funds
Fund/Period
NAV Per
Unit (`)
Fund
(%)
Benchmark
(%)
CNX
Nifty (%)
Excess
points (%)
Sundaram Select Mid Cap
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Value of ` 10,000 invested
Fund
Benchmark
CNX Nifty
S Krishnakumar
333.16
333.16
194.57
154.94
31.9
71.2
25.6
6.1
20.8
49.5
15.3
-3.2
18.8
26.7
18.0
7.3
11.1
21.7
10.3
9.3
3,33,161
1,09,359
88,388
70.87
70.87
34.48
27.95
21.3
105.6
23.3
-1.9
11.2
54.0
21.8
-12.4
14.8
26.7
18.0
7.3
10.1
51.6
1.5
10.5
70,870
29,410
40,628
73.54
19.1
73.54
43.3
51.33
14.6
44.80
6.8
(w.e.f.April 01, 2015)
25.07
10.9
25.07
40.0
17.91
18.0
15.18
5.0
13.4
31.9
17.2
6.0
12.6
26.7
18.0
7.3
5.7
11.3
-2.6
0.7
1,46,646
69,265
9.5
33.2
17.1
4.8
10.0
26.7
18.0
7.3
1.4
6.8
0.9
0.2
25,074
22,412
23,263
4.8
6.7
10.9
1.7
4.7
5.6
6.3
1.6
9.7
18.0
7.3
-9.2
0.0
1.0
4.6
0.1
14,257
14,213
20,264
17.91
17.91
14.79
12.92
9.0
21.0
14.5
17.4
3.5
22.1
9.9
32.4
9.5
26.7
18.0
7.3
5.4
-1.0
4.6
-15.0
17,908
12,673
18,570
11.70
11.70
8.88
8.91
3.1
31.8
-0.4
-10.6
-4.7
19.7
-2.0
-11.4
9.7
26.7
18.0
7.3
7.8
12.1
1.6
0.7
11,701
7,757
16,175
13.45
13.45
11.67
10.60
8.0
15.3
10.0
0.6
9.6
14.4
10.7
6.4
12.5
26.7
18.0
7.3
-1.6
0.9
-0.7
-5.8
13,447
14,338
Sundaram S.M.I.L.E Fund
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Sundaram Tax Saver*
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Sundaram Rural India Fund
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
S Krishnakumar & Madanagopal Ramu (w.e.f.April 01, 2015)
61,742
S Bharath
Sundaram Global Advantage Fund
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
14.26
14.26
14.51
13.60
Sundaram Entertainment Opportunities*
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Shiv Chanani & Avinash Agarwal (w.e.f.April 01, 2015)
Sundaram PSU Opportunities*
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Sundaram Equity Plus
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Shiv Chanani
15,739
Sundaram Balanced Fund
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
65.08
13.5
12.6
65,080
57,676
65.08
21.0
22.5
26.7
-1.5
53.79
13.1
13.4
18.0
-0.3
47.56
5.4
8.2
7.3
-2.7
Sundaram Equity Multiplier (w.e.f.April 01, 2015)
Since Inception
22.65
10.6
10.0
10.1
0.6
22,646
21,646
21,806
31/03/14 to 31/03/15
22.65
48.2
33.6
26.7
14.6
31/03/13 to 31/03/14
15.28
15.9
17.7
18.0
-1.8
31/03/12 to 31/03/13
13.19
1.3
5.1
7.3
-3.8
Sundaram Growth Fund (w.e.f.April 01, 2015)
Since Inception
129.99
17.4
13.5
12.3
3.9
1,78,735
97,207
79,563
31/03/14 to 31/03/15
129.99
27.6
31.9
26.7
-4.4
31/03/13 to 31/03/14
101.91
17.3
17.2
18.0
0.1
31/03/12 to 31/03/13
86.85
1.4
6.0
7.3
-4.7
Sundaram Financial Services Opportunities (w.e.f.April 01, 2015)
Since Inception
28.58
16.7
18.3
10.0
-1.6
28,576
31,313
19,082
31/03/14 to 31/03/15
28.58
41.5
42.9
26.7
-1.4
31/03/13 to 31/03/14
20.19
8.6
12.1
18.0
-3.5
31/03/12 to 31/03/13
18.59
3.0
11.3
7.3
-8.3
Sundaram Select Focus (w.e.f.April 01, 2015)
Since Inception
126.94
22.2
18.8
18.8
3.4
1,26,941
88,388
88,388
31/03/14 to 31/03/15
126.94
29.2
26.7
26.7
2.5
31/03/13 to 31/03/14
98.26
17.5
18.0
18.0
-0.4
31/03/12 to 31/03/13
83.59
3.3
7.3
7.3
-4.0
Common for all the performance related information: Past performance may or may not be sustained in future. Performance information is as of March 31, 2015. Returns are computed on a
compounded annual basis for period more than one year & on an absolute basis for one-year period using NAV of the Regular Plan (Growth Option). Value of ` 10000/- invested at inception is as
on March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33.
*Jointly managed
www.sundarammutual.com
March 31, 2015
Page 3
Sundaram Mutual Fund
Market Outlook - Equity
quity: March saw the Sensex drop by (4.8)%, closing at 27,958.
The RBI’s surprise rate cut, three key bills being passed in both
the houses, increasing probability of a June rate hike by the Federal
Reserve and continued monetary easing by central banks across the
world, were the key highlights of the month. The financial markets
saw a net inflow of $2.5bn. in March, with a continued bias towards
debt. The rupee saw a depreciation of 1% to 62.32 against the dollar
that firmed up by 3.2% during the month.
E
Global
The global financial markets continued to remain broadly positive in
the month of March. Net inflows into the Eurozone saw significant
momentum taking the markets higher, the Japanese equity markets
saw a 15 year high as the Yen continued to depreciate and remain
weak against a strong dollar. The dollar touched a 11 year high in the
month of March, further weakening the Euro to a 12 year low. On the
growth front, the market sentiment appears to increasingly turning
positive on Eurozone growth with the Eurozone composite PMIs
touching a three year high. Despite these positives, the Eurozone is
yet to see an agreement on the Greece bailout, with Greece expected
to run out of cash by mid-April. The US continues to remain positive
on its economic outlook. US consumer spending, consumer
confidence and hiring have seen a solid start with job openings at a
14 year high. US GDP growth has seen some slowdown recently, but
consumption remains fairly robust. The drag on the headline is more
on account of strong dollar growth that has been pulling down
corporate profits. This also reflects in the recent weakness in the US
markets. In China, after official acknowledgement of weak growth
and the start of monetary easing through rates, the markets are
expecting the Chinese macro space to witness more measures in the
direction of monetary easing to prop up growth. Oil prices briefly
touched a 6 year intraday low in March, but Saudi strikes in Yemen
led to crude prices firming up. A positive outcome on the Iran nuclear
deal could act as a long term softener to prices. This would further
firm up the Indian growth story.
Central Banks
Monetary policy actions by central banks continued to remain in
focus for the month of March. Five central banks were seen easing
(China, Australia, RBI, ECB, Thailand) while two others moved to
tighten monetary policy (Ukraine, Brazil). The QE of the ECB
commenced and led to yields across core Europe turning negative.
The Federal Reserve, in its policy, dropped the ‘patience’ phrase and
left the question on rate action fairly open ended. The markets believe
in an increased probability of a June rate hike by the Fed.
month opened with a surprise easing from the central bank. The
month witnessed the passing of the insurance bill, coal mining bill
and the MMDR bill in both the houses of the parliament. The eauction on the coal blocks was seen to cross `2tr. and the spectrum
auctions saw government garner `1.1tr. In addition, the cabinet
approved the supply of cheap LNG for power plants. The government
launched a platform for proactive governance called ‘PRAGATI’ that
would constantly monitor and review the important central and state
government programs. On the macro front, wholesale prices saw a
sharp drop to the negative on fuel inflation, while retail prices
marginally firmed up. Industry data appeared mixed with some
positive momentum in industrial production, but a marginal drop in
the PMI numbers. The drop in the oil price continues to benefit the
country with a continued drop in the trade deficit on lower oil
imports.
Flows
Global equities are seeing net inflows into Europe and Japan with
outflows in the US. The European equity trade is fairly crowded.
While the developed market equities are net positive on account of
Europe, the emerging market continues to see outflows. India
however, saw FII inflows into net debt and equity. FII debt saw a net
inflow of $1bn., lower from $2.2bn. last month. FII new equity flows
were seen at $1.5bn. from $1.4bn. the previous month.
Outlook
Though earlier than expected, the easing cycle has advanced and the
RBI would continue to see comfort in the Government’s commitment
to fiscal order in its budget. We have already entered the next
business cycle and the recent softening of commodity prices,
especially oil, is visibly translating into fiscal comfort and business
confidence on margins. Better growth will gradually lead to a shift in
the saving pattern of Indian households from physical to financial
with a sharp bias towards equity. Mutual funds are well positioned to
absorb this incremental shift. Corporate earnings are set to enter a
high growth trajectory driven by the domestic recovery. Our funds
are very well positioned to reap these benefits.
With the twin deficits well contained, inflation well under control,
bottomed out growth, a stable currency and an extremely strong
political mandate, every point of volatility would be an opportunity
to buy India. With every turn of the markets, the India-differentiation
story gathers more interest, momentum and conviction in that order.
This would get louder in the coming quarters and a stable rupee
would give comfort to the inflows. We continue to remain positive on
our equity markets.
Domestic
The month of March had its fair share of positive news flows. The
Equity Desk
A detailed outlook is available at www.sundarammutual.com
www.sundarammutual.com
March 31, 2015
Page 4
Sundaram Mutual Fund
Market Outlook - Fixed Income
F
ixed Income: During the month, bond prices were largely trading in
narrow band due to lack of triggers and the 10 year G-sec yield closed 2bps
higher at 7.74% from the previous month closing of 7.72%. This marginal
increase in the yields during the month was on account of jitteriness in global
markets ahead of FOMC meeting and tepid buying interest at current levels due
to lack of triggers.
CPI inflation rose to 5.37% y-o-y in February from 5.11% in January, higher
than market expectations of 5.21%. The rise in headline CPI inflation was
primarily driven by a bounce-back in food prices due to lower base of last year.
Core CPI inflation (CPI ex-food & fuel) printed lower at 3.90% in February
compared to 4% in January.
Finance ministry consultations with RBI released the government borrowing
programme for the first half of year. As per the released programme
government will borrow 3.60tn (60% of the total borrowings programme)
however due to the redemption of earlier issued securities during the period, net
borrowing will be 2.25tn this will be 520bn less than H1 2014-15 net
borrowing. Therefore, no major supply pressure on government bonds for next
6months. This coupled with potential further monetary easing and lower
inflation risk premium, can result in lower G-sec yields.
In the United States, the March FOMC statement and “dot plot” were more
dovish than the market expected. The probability of a September hike looks
much higher now than a June hike, with a risk that the first hike could be
pushed even later.
FII investment in Debt during the month slowed down further to US$ 0.95 bn
as against US$ 2.17 bn for the last month. FII Investments in equities was US$
1.50 bn, marginally higher than US$ 1.43bn in February.
All the measures on foreign investments seem to be driven by caution on
account of massive quantitative easing from Japan and Euro regions. This has
resulted in money chasing the high yielding assets resulting in huge inflows in
foreign portfolio flows, both in debt as well as equity. This could result in RBI
intervening in the currency markets to keep the rupee competitive and in turn
hold foreign currency assets at low yields.
Domestic Macro Factors
Index of industrial production (IIP) growth decelerated to 2.6% y-o-y in
January vs. 3.2% (revised from 1.7% printed earlier) in December. This was
higher than the market expectations of 0.7%. The moderation was due to
contraction in consumer and intermediate goods. We expect Industrial
production to improve in the coming months, supported by stronger
discretionary consumer demand and the government’s efforts to de-bottleneck
investment and policy reforms including recent mining reforms.
Current account deficit (CAD) narrowed to US$8.2bn (1.6% of GDP
annualized) in QE Dec-14 from US$10.1bn (2% of GDP) in QE Sep-14. The
narrowing in CAD compared to previous quarter was mainly due to an
improvement in net exports of services led by improvement in software
services exports and lower outflows of investment income. We expect that the
current account will register a surplus in QE Mar-15 due to the falling
international global commodity prices, specifically oil prices, have led to
improvement in the terms of trade which will help to keep the current account
deficit well within policy makers' comfort zone.
India’s trade deficit in February narrowed further to USD 6.8bn from USD
8.3bn in January. Export growth fell further to (-15.00%) y-o-y in February
from (-11.2%)in January. The contraction in exports was due to decline in
agriculture exports and oil exports (decline of 55.5% against decline of ~ 48%
in January) on account of lower crude oil prices and slack in global demand.
Likewise, import growth also fell further to (-15.7%) y-o-y in February from (11.4%) in January due to lower oil imports (-55.5% vs-37.5% in December)
and gold imports. However non-oil and non-gold imports registered a healthy
growth of 10.1% in February compared to 3.1% in January. This reflects the
gradual recovery in growth.
The rupee depreciated by 1% from last month and closed at 62.50/$. India’s
forex reserve rose to record $339.99bn in the week ending March 20, 2015.
WPI inflation printed at -2.1% y-o-y, the fourth consecutive month of negative
print, lower than -0.39% in January and market expectations of 0.80%. The fall
across the board was due to the fall in prices including primary article, fuel and
manufactured non-food products. Future outlook for WPI inflation largely
depends on the outlook for global commodity prices, which currently looks
stable.
Global Macro Development
The Committee presented a less positive assessment of the incoming data in its
statement, while participants’ projections for the path of the fed funds rate
moved down significantly. With the median dot at 0.625% at the end of 2015,
it now looks like the Committee’s baseline is two rather than three 25 bps hikes
this year.
In China the official PMI rose surprisingly to 50.1 in March from 49.9 in
February. The HSBC PMI dropped to 49.6 from 50.7.The finished goods
inventory index in the official PMI rose to 48.6 from 47, but the finished goods
index in the HSBC PMI dropped to 49.5 from 50.4. The two PMIs also show
mixed signals on employment.
Overall China faces a slow down as GDP projections get revised downward and
also industrial profit declined by 4.2% on a year-on-year basis. Markets expect
that this will trigger further monetary policy easing.
The Eurozone’s economic recovery strengthened and manufacturing activity
across the region grew at the fastest pace since last May as the European
Central Bank’s quantitative easing programme helps stimulate demand and
drives down the euro. The Market’s manufacturing PMI for the Euro region hit
a 10-month high of 52.2 -- higher than that 51.9 estimated two weeks ago.
Crude prices traded in the range of $53.51 to $61.78 level during the month
with average price at $ 57.09 compared to 59.32 of last month and closed at$
55.11 levels.
Outlook
The average systemic liquidity deficit in March was higher at average INR1012
bn as compared to INR 850bn in February due to tax outflow during the month.
Going forward, the government’s disinvestment program, spectrum auction
payments and pickup in credit off take can lead to pressure on system liquidity.
However expect the RBI will be quick to address this.
RBI announced a surprise rate cut of 25bps during the month. RBI in its
statement accompanying the rate cut announcement clarified that further rate
cuts in future will data depend. It stated that the “key to further easing is data
that confirm continuing disinflationary pressures… sustained high quality
fiscal consolidation as well as steps to overcome supply constraints and assure
availability of key inputs such as power, land, minerals and infrastructure” with
the latter necessary to raise potential growth.
With lower global commodity prices, falling inflation and government’s strong
intent of reducing fiscal deficit (both quantity and quality) makes it a high
probability event.
We continue to expect RBI to ease policy rate by 25-50bps in 2015. This is on
assumption that the inflation for the year averages around 5.50%.
We continue to believe that the present level of 10 years GSEC at 7.74%, AAA
corporate bonds at 8.25% and 1 year CDs at 8.25% are attractive and
recommend investment in duration products like Gilt and Income Funds with a
time horizon of 9-18 months. The European Central Bank’s QE should also
support the emerging markets including India via low European yields pushing
investors to seek out higher returns.
Fixed Income Desk
A detailed outlook is available at www.sundarammutual.com
www.sundarammutual.com
March 31, 2015
Page 5
Sundaram Mutual Fund
Sundaram Growth Fund
Positioning:
Diversified Large-Cap Fund
Benchmark
S&P BSE 200 Index
Fund Manager: Shiv Chanani
He has experience of 12 years and is
managing this fund since April 01, 2015
Portfolio Stance: The allocation to
equity is about 67%. The equity
portfolio, as always, maintains a well
diversified stance. The number of stocks
in the portfolio has been at 50. The
exposure to mid-cap space stays at an
enhanced level, but the portfolio retains
its large-cap tilt in line with fund
positioning. Top sectors by allocation are
Financial Services, IT and energy
accounting close-to 42 percent of the
portfolio. The most active overweight
stance is in Media & Entertainment,
Textiles & Paper & underweight stance
is in Consumer Goods, Automobile & IT.
Active Sector Allocation versus Benchmark
Overweight
Media & Entertainment
Textiles
Paper
Underweight
Consumer Goods
Automobile
IT
Sector Profile (%)
26.8
Financial Services
IT
9.0
Energy
6.1
Consumer Goods
5.5
Automobile
5.1
Pharma
Construction
4.0
3.3
Others
7.3
Cash/Others
Derivatives
26.1
7.0
Active Stock Allocation versus Benchmark
Overweight
ICICI Bank
Reliance Industries
Axis Bank
Bajaj Finserve
State Bank Of India
Underweight
Kotak Mahindra Bank
ITC
Infosys
TCS
HDFC
Weighted Average Market Cap:
Median Market Cap:
` 1,67,979 Crore
` 74,881 Crore
Average AUM
` 665 Crore
Portfolio
Security
Weight
ICICI Bank
8.0
4.6
Infosys
HDFC
4.5
HDFC Bank
4.4
ITC
3.5
Larsen & Toubro
3.3
Reliance Industries
3.1
TCS
2.5
Axis Bank
2.4
Bajaj Finserve
2.2
Tata Motors
1.9
State Bank of India
1.6
Sun Pharma
1.5
Hindustan Lever
1.2
ONGC
1.1
Bharti Airtel
1.1
Mahindra & Mahindra 1.1
ING Vysya Bank
1.0
HCL Technologies
1.0
Maruti
0.9
Lupin
0.9
Coal India
0.9
Dr Reddy's Labs
0.9
Wipro
0.8
Yes Bank
0.8
IndusInd Bank
0.8
Tech Mahindra
0.8
Asian Paints
0.7
Cipla
0.7
Power Grid
0.6
Hero Motocorp
0.6
NTPC
0.6
UltraTech Cement
0.6
Idea Cellular
0.6
Bajaj Auto
0.5
Grasim
0.5
IDFC
0.4
BHEL
0.4
Tata Steel
0.4
Sesa Sterlite
0.4
Bharat Petroleum
0.4
Gujarat Ambuja
0.4
Zee Entertainment
0.4
The Phoenix Mills
0.3
Hindalco
0.3
Bank of Baroda
0.3
ACC
0.3
Tata Power
0.3
Punjab National Bank 0.2
Kotak Mahindra Bank 0.1
Equity
66.9
Derivatives
7.0
Mutual Fund Units Sundaram Money Fund 30.2
Cash
-4.1
No of Stocks
50
Turnover Ratio (%)
NAV: Regular-Growth: ` 129.9893
NAV: Direct-Growth: ` 131.7229
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
250000
NAV Per
Unit (`)
129.99
129.99
101.91
86.85
Dividend: ` 11.6241
Dividend: ` 11.6673
Fund
Benchmark
(%)
(%)
17.4
13.5
27.6
31.9
17.3
17.2
1.4
6.0
14.9
17.9
8.9
10.0
9.5
10.8
` 10,000 invested
1,78,735 97,207
15,169 16,394
15,347 16,083
20,713 22,724
CNX
Excess
Nifty (%) points (%)
12.3
3.9
26.7 -4.4
18.0
0.1
7.3 -4.7
17.0 -3.0
10.1 -1.0
10.5 -1.3
79,563
16,034
16,176
22,219
Fund
Benchmark
CNX Nifty
200000
150000
100000
50000
0 Apr-97
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
2,15,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
17.5
15.5
14.4
17.4
13.5
12.3
14.5
15.1
15.3
7.1
9.0
8.7
8.9
10.0
10.1
14.9
17.9
17.0
22.3
24.3
22.2
27.6
31.9
26.7
Performance Analysis (Based on returns)
Mean
Standard Deviation
Beta
Sharpe Ratio
Sortino Ratio
Treynors Index
Alpha
Correlation
Fund
Benchmark
19.55
16.52
25.86
27.33
0.90
1.00
0.44
0.31
0.64
0.44
12.66
8.43
3.83 Tracking Error
7.96
0.96 Information Ratio
0.38
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015 are
computed using an adjusted series of NAV for dividends declared before separate Dividend and Growth Options were
introduced in January 2003. Returns are on a compounded annual basis for period more than one year and absolute for
one-year period and computed using NAV of Regular Plan-Growth Option. Value of `. 10,000 invested at inception is as
on March 31, 2015. SIP values are in rupees. Performance Analysis on annualised basis using month-end NAVs since
launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
286
Fund Facts: An open-end equity scheme • Launch: April 1997 • Bloomberg: SUNGROW IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms
of offer: NAV Exit Load: 2% - If redeemed / switched out within 18 months from the date of allotment. NIL - If redeemed / switched out after 18 months from the date of allotment-w.e.f. November 28, 2014. The exit load period for unitholders, whose units have merged with Sundaram Growth
Fund, shall be reckoned from the date of allotment of units in Sundaram India Leadership Fund at the time of subscribing to that scheme initially. J Venkatesan was the fund manager for the fund till March 31, 2015 For Product Labels, please refer Page 2. Disclosures: Page 33.
www.sundarammutual.com
March 31, 2015
Page 6
Sundaram Mutual Fund
Sundaram Tax Saver
Positioning: Multi-Cap (Large-Cap Bias)
Benchmark
S&P BSE 200 Index
Fund Managers: S Krishnakumar and
Madanagopal Ramu
S Krishnakumar has experience of 16 years
and is managing this fund since April 01,
2015.
Madanagopal Ramu has experience of nine
years and is managing this fund since April
01, 2015.
Portfolio Stance: The portfolio retains its
multi-cap diversified profile with a large
cap bias in line with its positioning. The
weighted average-market cap confirms
the large-cap orientation while the
median market cap indicates the addition
of a dash of mid- and small-cap stocks to
the portfolio of the fund. Top sectors in
terms of allocation are Financial
Services, Industrial Manufacturing &
Energy accounting for about 56 percent
of the portfolio. We are currently
overweight in Industrial Manufacturing,
Textiles and Financial services as
compared to the benchmark.
Active Sector Allocation versus Benchmark
Overweight
Industrial Manufacturing
Textiles
Financial Services
Underweight
Consumer Goods
IT
Pharma
Sector Profile (%)
Financial Services
31.3
Industrial Manufacturing
17.5
Energy
7.5
Automobile
7.3
IT
6.3
Textiles
Pharma
4.5
3.8
Others
20.9
Cash/Others 0.9
Active Stock Allocation versus Benchmark
Overweight
Bajaj Finance
Ramco Cements
Mahindra CIE Auto
Karur Vysya Bank
CESC
Underweight
HDFC
TCS
Tata Motors
ITC Ltd
Reliance Industries
Weighted Average Market Cap:
Median Market Cap:
` 89,717 Crore
` 20,732 Crore
Average AUM
` 1,224 Crore
Portfolio
Security
Weight
HDFC Bank
6.6
Infosys
5.2
ICICI Bank
4.0
Bajaj Finance
3.7
Larsen & Toubro
3.1
2.9
Axis Bank
Tech Mahindra
2.9
Sun Pharma
2.6
IndusInd Bank
2.6
Ramco Cements
2.5
Yes Bank
2.4
Mahindra CIE Auto
2.4
CESC
2.3
Karur Vysya Bank
2.2
ITC
2.2
UPL
2.1
Alstom T&D
2.0
Tata Motors
1.9
Cummins India
1.8
SRF
1.8
Ashok Leyland
1.8
Grindwell Norton
1.8
PVR
1.7
Maruti
1.7
Honeywell Automation 1.7
FAG Bearings
1.6
Reliance Industries
1.6
Gujarat Pipavav Port
1.6
Arvind Mills
1.5
Bharat Forge
1.4
Indian Hotels
1.4
State Bank of India
1.3
Bharti Airtel
1.3
Eicher Motor
1.3
Tata Communications 1.3
ONGC
1.3
Century Plyboards
1.3
Federal Bank
1.2
Shasun Pharma
1.2
The Phoenix Mills
1.1
HCL Technologies
1.1
Crompton Greaves
1.1
Bharat Petroleum
1.1
UltraTech Cement
1.0
Indraprastha Gas
1.0
Bajaj Finserve
1.0
AIA Engineering
0.9
Kotak Mahindra Bank 0.9
Indian Bank
0.9
Shriram Transport Fin 0.7
Coromandel International 0.7
Tata Steel
0.7
Andhra Bank
0.6
Hero Motocorp
0.5
INOX Wind
0.3
ING Vysya Bank
0.2
Indian Hotels - Right
0.3
Equity
99.4
Mutual Fund Units Sundaram Money Fund 0.2
Cash
0.4
No of Stocks
56
Turnover Ratio (%)
NAV: Regular-Growth: ` 73.5382
NAV: Direct-Growth: ` 74.1094
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
180000
160000
140000
120000
100000
80000
60000
40000
20000
0
NAV Per
Unit (`)
73.54
73.54
51.33
44.80
Dividend: ` 15.0663
Dividend: ` 15.1867
Fund
Benchmark
(%)
(%)
19.1
13.4
43.3
31.9
14.6
17.2
6.8
6.0
20.6
17.9
12.3
10.0
13.8
10.8
` 10,000 invested
1,46,646 69,265
17,528 16,394
17,877 16,083
28,103 22,724
CNX
Excess
Nifty (%) points (%)
12.6
5.7
26.7 11.3
18.0 -2.6
7.3
0.7
17.0
2.7
10.1
2.3
10.5
3.0
61,742
16,034
16,176
22,219
Fund
Benchmark
CNX Nifty
Nov-99
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,84,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
21.5
16.1
15.1
19.1
13.4
12.6
18.7
15.1
15.3
12.0
9.0
8.7
12.3
10.0
10.1
20.6
17.9
17.0
28.1
24.3
22.2
43.3
31.9
26.7
Performance Analysis (Based on returns)
Mean
Standard Deviation
Beta
Sharpe Ratio
Sortino Ratio
Treynors Index
Alpha
Correlation
Fund
Benchmark
20.99
16.42
26.12
27.24
0.91
1.00
0.49
0.31
0.80
0.42
14.16
8.33
5.31 Tracking Error
8.49
0.95 Information Ratio
0.54
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015 are computed using an adjusted
series of NAV for dividends declared before separate Dividend and Growth Options were introduced in May 2005. Returns are on a compounded
annual basis for period more than one year and absolute for one-year period and computed using NAV of Regular Plan-Growth Option. Value
of ` 10,000 invested at inception is as on March 31, 2015. SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
79
Fund Facts: An open-end ELSS scheme • Launch: November 1999 • Bloomberg: SNDTAXO IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: ` 500 • SIP/STP:
Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: Nil (lock-in period 36 months). Fresh subscriptions under dividend reinvestment option under direct & regular plan has been discontinued with effect from March
11, 2015. The default option will be dividend payout if dividend option is chosen. J Venkatesan was the fund manager for the fund till March 31, 2015 For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 7
Sundaram Mutual Fund
Sundaram Select Focus
Positioning:
Concentrated Large-Cap Fund
Benchmark
CNX Nifty Index
He has experience of 12 years and is
managing this fund since April 01, 2015
Portfolio Stance: Sundaram Select
Focus is a dedicated large-cap fund. The
large cap tilt has been an integral feature
since launch in July 2002, providing
comfort of style integrity to investors.
The style integrity and track record
makes the fund an appropriate vehicle for
defined asset allocation decision by
investors. The fund has its equity
allocation to about 96.5 percent. The
number of stocks in the portfolio is at 39.
The top three sector exposures by
allocation – Financial services, IT &
Automobile –accounting close to 57
percent. Active overweight stances are in
Financial
Services,
Industrial
Manufacturing & Textiles.
Active Sector Allocation versus Benchmark
Underweight
IT
Energy
Consumer Goods
Sector Profile (%)
Financial Services
36.6
Automobile
10.5
IT
10.0
Industrial Manufacturing
7.4
Consumer Goods
6.3
Construction
5.8
Energy
5.8
Others
14.1
Cash/Others
Derivatives
2.8
0.6
Active Stock Allocation versus Benchmark
Overweight
ING Vysya Bank
HDFC Bank
Tech Mahindra
Arvind Mills
Maruti
Underweight
HDFC
Reliance Industries
ITC
Kotak Mahindra Bank
TCS
Weighted Average Market Cap:
Median Market Cap:
` 411 Crore
Portfolio
Security
Fund Manager: Shiv Chanani
Overweight
Industrial Manufacturing
Financial Services
Textiles
Average AUM
` 1,55,800 Crore
` 60,492 Crore
Weight
HDFC Bank
9.2
Infosys
7.5
Larsen & Toubro
5.8
ICICI Bank
5.5
Axis Bank
4.6
ITC
4.1
State Bank of India
3.8
Tech Mahindra
3.8
Tata Motors
3.7
ING Vysya Bank
3.6
Sun Pharma
3.4
Maruti
3.3
HDFC
3.1
TCS
2.6
Arvind Mills
2.3
Bharti Airtel
2.2
UltraTech Cement
2.2
Reliance Industries
2.1
Yes Bank
2.0
ONGC
2.0
Shree Cements
1.6
Bharat Forge
1.6
Mahindra & Mahindra 1.5
LIC Housing Finance 1.5
Shriram Transport Fin 1.3
BHEL
1.2
Bajaj Finserve
1.1
HPCL
1.1
Tata Motors
1.0
Hero Motocorp
1.0
Marico Industries
1.0
Dr Reddy's Labs
0.9
Tata Steel
0.9
Crompton Greaves
0.8
Allahabad Bank
0.8
Hindustan Lever
0.7
Colgate Palmolive
0.7
Castrol India
0.7
Hindalco
0.6
Equity
96.6
Mutual Fund Units Sundaram Money Fund 2.5
Derivatives
0.6
Cash
0.3
No of Stocks
39
Turnover Ratio (%)
NAV: Regular-Growth: ` 126.9414
NAV: Direct-Growth: ` 128.4579
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
160000
140000
120000
100000
80000
60000
40000
20000
0
NAV Per
Unit (`)
Fund
(%)
Dividend: ` 13.7338
Dividend: ` 13.8810
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
126.94
126.94
98.26
83.59
22.2
18.8
29.2
26.7
17.5
18.0
3.3
7.3
16.2
17.0
8.7
10.1
10.4
10.5
` 10,000 invested
1,26,941 88,388
15,691 16,034
15,145 16,176
22,138 22,219
18.8
26.7
18.0
7.3
17.0
10.1
10.5
3.4
2.5
-0.4
-4.0
-0.8
-1.4
-0.1
88,388
16,034
16,176
22,219
Fund
Benchmark
Jul-02
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,52,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
16.9
15.3
15.3
22.2
18.8
18.8
16.4
15.3
15.3
7.6
8.7
8.7
8.7
10.1
10.1
16.2
17.0
17.0
23.2
22.2
22.2
29.2
26.7
26.7
Performance Analysis (Based on returns)
Fund
Benchmark
Mean
23.38
20.42
Standard Deviation
25.44
24.79
Beta
0.96
1.00
Sharpe Ratio
0.60
0.50
Sortino Ratio
0.93
0.70
Treynors Index
15.89
12.33
Alpha
3.43 Tracking Error
8.89
Correlation
0.94 Information Ratio
0.33
Past performance may or may not be sustained in future. Returns/investment value are as
of March 31, 2015. Returns are on a compounded annual basis for period more than one year
and absolute for one-year period and computed using NAV of Regular Plan-Growth Option.
Value of ` 10,000 invested at inception is as on March 31, 2015. SIP values are in rupees.
Performance Analysis on annualised basis using month-end NAVs since launch. The risk free
rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
105
Fund Facts: An open-end equity scheme • Launch: July 2002 • Bloomberg: SUNSFOG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep,
Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: Nil (w.e.f. February 03, 2014).
J Venkatesan was the fund manager for the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 8
Sundaram Mutual Fund
Sundaram Select Mid Cap
Pure Mid-Cap Fund
Positioning:
S&P BSE Mid-Cap Index
Benchmark
Fund Manager: S Krishnakumar
He has experience of 16 years and is
managing this fund since November 2012.
Portfolio Stance: Sundaram Select Mid
Cap is a dedicated mid-cap fund sporting an
acclaimed track record and outpacing the
benchmark comfortably since launch in
July 2002. The weighted-average market
cap and median market cap, are as always,
well below to the permitted threshold indicating the genuine and complete midcap
orientation of the fund. This style integrity,
which has been maintained since launch in
2002, and the track record places the fund
as an appropriate vehicle for defined asset
allocation decision by investors. The fund
has 55 stocks in the portfolio and has 99.1%
in equity. The fund’s top three sectors by
allocation are Automobile, Financial
Services & Industrial Manufacturing.
Active Sector Allocation versus Benchmark
Overweight
Automobile
Textiles
Industrial Manufacturing
Underweight
Services
IT
Construction
Sector Profile (%)
Automobile
21.3
18.9
Financial Services
16.8
Industrial Manufacturing
9.7
Textiles
7.0
Consumer Goods
6.0
Fertilisers & Pesticides
4.3
Cement & Cement Products
15.1
Others
Cash/Others
0.9
Active Stock Allocation versus Benchmark
Overweight
FAG Bearings
SRF
Wabco India
Bajaj Finance
Mahindra CIE Automotive
Underweight
Mindtree
Bajaj Holdings & Invest
Tata Chemicals
Page Industries
Shriram City Union Finance
Weighted Average Market Cap:
Median Market Cap:
` 9,344 Crore
` 6,935 Crore
Average AUM
` 2,894 Crore
Portfolio
Security
Weight
FAG Bearings
7.1
SRF
5.9
Wabco India
4.9
Bajaj Finance
3.8
Mahindra CIE Auto
3.5
UPL
3.3
Hindustan Sanitaryware 3.2
Timken India
3.1
Ashok Leyland
3.0
Honeywell Automation 2.9
Sundaram Clayton
2.8
Karur Vysya Bank
2.7
Indraprastha Gas
2.6
Arvind Mills
2.4
DCB
2.3
Bajaj Finserve
2.1
IPCA Labs
2.0
Castrol India
1.8
Bharat Earth Movers
1.7
Crompton Greaves
1.7
Indian Bank
1.7
India Cements
1.7
Yes Bank
1.6
Cummins India
1.6
Ramco Cements
1.5
EID Parry
1.5
Federal Bank
1.4
Jyothy Laboratories
1.4
Cholamandalam Invest. 1.4
Whirlpool of India
1.3
Coromandel International1.3
Alstom Power
1.2
Tata Communications 1.2
Grindwell Norton
1.2
Prestige Estates Projects 1.2
Hindustan Construction 1.1
Prism Cement
1.1
M & M Financial
1.1
Trent
1.1
Indian Hotels
1.0
Voltas
1.0
Persistent Systems
1.0
The Phoenix Mills
1.0
Thermax
0.9
Jagran Prakashan
0.9
PVR
0.8
Alstom T&D
0.7
Strides Arcolab
0.7
INOX Wind
0.6
Indian Overseas Bank 0.6
Vardaman Textiles
0.4
Usha Martin
0.4
NIIT
0.3
Solar Industries
0.3
Union Bank of India
0.3
Indian Hotels -Rights
0.2
Equity
99.3
Mutual Fund Units Sundaram Money Fund 0.5
Cash
0.1
No of Stocks
55
Turnover Ratio (%)
NAV: Regular-Growth: ` 333.1608
NAV: Direct-Growth: ` 337.4922
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
400000
350000
300000
250000
200000
150000
100000
50000
0
NAV Per
Unit (`)
Fund
(%)
Dividend: ` 32.5784
Dividend: ` 33.0592
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
333.16
333.16
194.57
154.94
31.9
20.8
71.2
49.5
25.6
15.3
6.1
-3.2
31.6
18.6
19.9
9.2
18.4
8.8
` 10,000 invested
3,33,161 1,09,359
22,805 16,690
24,805 15,563
38,670 19,673
18.8
26.7
18.0
7.3
17.0
10.1
10.5
11.1
21.7
10.3
9.3
13.0
10.7
9.6
88,388
16,034
16,176
22,219
Fund
Benchmark
CNX Nifty
Jul-02
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,52,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
27.6
16.0
15.3
31.9
20.8
18.8
24.3
13.1
15.3
18.6
7.4
8.7
19.9
9.2
10.1
31.6
18.6
17.0
46.6
31.3
22.2
71.2
49.5
26.7
Performance Analysis (Based on returns)
Fund
Benchmark
Mean
32.18
23.96
Standard Deviation
29.73
31.21
Beta
0.91
1.00
Sharpe Ratio
0.79
0.51
Sortino Ratio
1.32
0.71
Treynors Index
26.58
15.87
Alpha
9.70 Tracking Error
9.59
Correlation
0.95 Information Ratio
0.86
Past performance may or may not be sustained in future.Returns/investment value are as of March 31, 2015. Returns are on a compounded
annual basis for period more than one year and absolute for one-year period and computed using NAV of Regular Plan-Growth Option. Value
of ` 10,000 invested at inception is as on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using monthend NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
56
Fund Facts: An open-end equity scheme • Launch: July 2002 • Bloomberg: SUNSMIG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep,
Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12
months from date of allotment. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 9
Sundaram Mutual Fund
Sundaram S.M.I.L.E Fund
Positioning: Multi-Cap (Mid/Small-Cap Bias)
Benchmark
S&P BSE Small Cap Index
Fund Manager: S Krishnakumar
He has experience of 16 years and is
managing this Small & Medium Indian
Leading Equities (S.M.I.L.E) Fund since
December 2006.
Portfolio Stance: The fund’s allocation
to equity is 94.4 percent. In line with its
positioning, the fund maintains its tilt
towards mid- and small-cap stocks; the
weighted average market cap coupled
with the median market cap indicates
mid- and small-cap orientation of the
portfolio. The fund now holds 63 stocks
in its portfolio. The top three sectors by
allocation are Industrial Manufacturing,
Financial services & Consumer Goods.
Active overweight stance is in Industrial
Manufacturing, Financial Services &
Cement.
Active Sector Allocation versus Benchmark
Overweight
Industrial Manufacturing
Financial Services
Cement & Cement Products
Underweight
IT
Construction
Textiles
Sector Profile (%)
Industrial Manufacturing
19.6
Financial Services
14.6
Consumer Goods
12.6
Automobile
11.7
Pharma
8.2
Cement & Cement Products
6.4
Construction
5.2
Others
16.2
Cash/Others
Derivatives
4.5
1.0
Active Stock Allocation versus Benchmark
Overweight
Shasun Pharma
V Guard Indsutries
Hindustan Sanitaryware
TD Power Systems
Development Credit Bank
Underweight
Greencrest Fin Services
Sunrise Asian
Tata Elxsi
Standard Chartered PLC
Elgi Equipments
Weighted Average Market Cap:
Median Market Cap:
` 3,855 Crore
` 2,737 Crore
Average AUM
` 939 Crore
Portfolio
Security
Weight
Shasun Pharma
6.0
4.3
V Guard Indsutries
Hindustan Sanitaryware 4.2
TD Power Systems Ltd 3.8
DCB
3.4
Rane Holdings
3.3
Timken India
2.9
Ashok Leyland
2.6
Karur Vysya Bank
2.5
Century Plyboards
2.5
Suzlon Energy
2.4
NRB Bearings
2.3
Grindwell Norton
2.1
Nagarjuna Construction 2.0
Adlabs Entertainment 1.9
J K Cements
1.9
Ramco systems
1.9
Sundaram Fasteners
1.9
Texmaco Rail
1.8
ITD Cement
1.8
Navin Fluorine Chem 1.8
ISGEC Heavy Eng.
1.5
Redington (India)
1.5
Greaves Cotton
1.4
Suven
1.4
Kalpataru Power
1.4
ICRA
1.3
SKS Micro Finance
1.3
Indian Hotels
1.3
Gammon Infra
1.2
Indian Bank
1.1
Mahindra CIE Auto
1.1
INOX Leisure
1.1
Andhra Bank
1.1
CCL Products
1.0
GIC Housing Finance 1.0
L G Balakrishnan & Bros 1.0
KSB Pumps
1.0
Gujarat State Petronet 1.0
Himatsingka Seide
1.0
Allahabad Bank
1.0
Ramco Cements
0.9
Heidelberg Cement India 0.9
Ashoka Buildcon
0.9
SRF
0.9
Brigade Enterprises
0.9
TRF
0.9
Bajaj Finance
0.8
India Cements
0.8
Amrutanjan Health Care 0.8
McNally Bharat
0.7
Max Indi
0.6
Easun Reyrolle
0.5
Heritage Foods
0.5
Usha Martin
0.5
PRICOL
0.5
Hindustan Dorr Oliver 0.4
Seamec
0.4
Mastek
0.4
OBC
0.3
Vascon Engineers
0.2
Shanthi Gears
0.1
INOX Wind
0.0
Indian Hotels -Rights
0.3
Equity
94.8
Mutual Fund Units Sundaram Money Fund 1.5
Derivatives
1.0
Cash
2.7
No of Stocks
63
Turnover Ratio (%)
NAV: Regular-Growth: ` 70.8704
NAV: Direct-Growth: ` 71.7452
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
NAV Per
Unit (`)
Fund
(%)
Dividend: ` 22.2883
Dividend: ` 22.6092
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
70.87
70.87
34.48
27.95
Since Launch
Last 3 years
Last 5 years
Last 8 years
21.3
11.2
105.6
54.0
23.3
21.8
-1.9 -12.4
35.5
18.0
18.0
5.1
19.5
6.7
` 10,000 invested
70,870 29,410
24,869 16,428
22,902 12,816
41,522 16,831
14.8
26.7
18.0
7.3
17.0
10.1
10.5
10.1
51.6
1.5
10.5
17.5
12.9
12.7
40,628
16,034
16,176
22,219
80000
70000
Fund
Benchmark
60000
CNX Nifty
50000
40000
30000
20000
10000
0 Feb-05
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,21,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
21.6
9.8
12.8
21.3
11.2
14.8
21.5
11.3
15.3
17.5
4.8
8.7
18.0
5.1
10.1
35.5
18.0
17.0
59.2
37.0
22.2
105.6
54.0
26.7
Performance Analysis (Based on returns)
Fund
Benchmark
Mean
24.23
17.03
Standard Deviation
30.85
36.14
Beta
0.81
1.00
Sharpe Ratio
0.52
0.25
Sortino Ratio
0.80
0.38
Treynors Index
20.04
8.94
Alpha
8.94 Tracking Error
12.46
Correlation
0.94 Information Ratio
0.58
Past performance may or may not be sustained in future. Returns/investment value are
as of March 31, 2015. Returns are on a compounded annual basis for period more than one
year and absolute for one-year period and computed using NAV of Regular Plan-Growth
Option. Value of ` 10,000 invested at inception is as on March 31, 2015 . SIP values are in
rupees. Performance Analysis on annualised basis using month-end NAVs since launch.
The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
59
Fund Facts: An open-end equity scheme • Launch: February 2005 • Bloomberg: SMILEG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend ReInvestment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment.
For Product Labels, please refer Page 2. Disclosures: Page 33. The scheme benchmark has been changed to S&P BSE Small Cap Index from CNX Mid Cap Index w.e.f 01-Aug-2013.
www.sundarammutual.com
March 31, 2015
Page 10
Sundaram Mutual Fund
Sundaram Equity Multiplier
Positioning: Diversified Equity Fund
Benchmark
CNX 500 Index
He has experience of 12 years and was
jointly managing this fund with S
Krishnakumar since January 2013.
He is managing this fund independently
w.e.f. April 01, 2015
Portfolio Stance: The portfolio of this
go-anywhere fund continues to be spread
more across the cap-curve with
enhanced exposure to the mid- and
small-cap space. Allocation to equity is
at 95 percent. Top sectors by allocation
are Financial Services, IT & Consumer
Goods accounting for about 44.8 percent
of the portfolio. The fund now holds 56
stocks in its portfolio. It has active
overweight stance in Construction,
Chemicals & Industrial Manufacturing.
Active Sector Allocation versus Benchmark
Underweight
Financial Services
Automobile
Metals
Sector Profile (%)
Financial Services
23.1
11.7
Consumer Goods
10.0
IT
9.8
Energy
8.8
Construction
7.3
Industrial Manufacturing
6.8
Pharma
17.7
Others
4.6
Cash/Others
Derivatives
0.2
Active Stock Allocation versus Benchmark
Overweight
Gillette India
Tata Communications
Ashoka Buildcon
Nagarjuna Construction
GIC Housing Finance
Underweight
HDFC
ITC
Tata Motors
Axis Bank
TCS
Weighted Average Market Cap:
Median Market Cap:
` 129 Crore
Portfolio
Security
Fund Manager: Shiv Chanani
Overweight
Construction
Industrial Manufacturing
Chemicals
Average AUM
` 85,008 Crore
` 21,529 Crore
Weight
Infosys
4.3
HDFC Bank
4.0
State Bank of India
3.8
ICICI Bank
3.5
Gillette India
3.4
Larsen & Toubro
3.4
Reliance Industries
3.2
Tata Communications 3.0
Wipro
3.0
Ashoka Buildcon
2.8
Nagarjuna Construction 2.6
Britannia Industries
2.5
Pfizer India
2.4
GIC Housing Finance 2.4
ICRA
2.2
Tech Mahindra
2.0
Ranbaxy
1.9
Eicher Motor
1.9
Elantas Beck India
1.8
ITC
1.8
SKF Bearings
1.8
Procter & Gamble India 1.7
Mastek
1.7
Maruti
1.5
Prism Cement
1.4
Punjab National Bank 1.4
Gujarat Ambuja
1.4
Exide
1.4
Alstom T&D
1.4
Torrent Pharma
1.4
Crompton Greaves
1.3
Vatech Wabag
1.3
Power Trading Corp.
1.1
Coal India
1.1
Cipla
1.1
Akzo Nobel
1.1
NTPC
1.1
Tata Chemicals
1.0
Torrent Power
1.0
TCS
1.0
M & M Financial
1.0
Bank of Baroda
1.0
ONGC
1.0
Mahindra & Mahindra 0.9
Bharti Airtel
0.9
BHEL
0.9
IDFC
0.9
GAIL
0.9
PTC India
0.9
Indraprastha Gas
0.8
OBC
0.8
Motilal Oswal
0.7
Whirlpool of India
0.7
INOX Wind
0.6
Asian Paints
0.5
L&T Finance
0.5
Equity
95.2
Mutual Fund Units Sundaram Money Fund 0.8
Derivatives
0.2
Cash
3.8
No of Stocks
56
Turnover Ratio (%)
NAV: Regular-Growth: ` 22.6456
NAV: Direct-Growth: ` 22.9930
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
25000
NAV Per
Unit (`)
Fund
(%)
Dividend: ` 17.0047
Dividend: ` 17.2501
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
22.65
22.65
15.28
13.19
10.6
10.0
48.2
33.6
15.9
17.7
1.3
5.1
20.3
18.2
11.3
10.1
11.1
10.5
` 10,000 invested
22,646 21,646
17,405 16,529
17,106 16,178
23,143 22,186
10.1
26.7
18.0
7.3
17.0
10.1
10.5
0.6
14.6
-1.8
-3.8
2.1
1.2
0.6
21,806
16,034
16,176
22,219
Fund
Benchmark
CNX Nifty
20000
15000
10000
5000
0
Feb-07
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
Last 7 years
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
18.8
12.12
15.35
10.6
10.0
10.1
9.7
9.0
8.7
11.3
10.1
10.1
20.3
18.2
17.0
31.1
25.4
22.2
48.2
33.6
26.7
Performance Analysis (Based on returns)
Fund
Benchmark
Mean
13.83
12.71
Standard Deviation
27.45
27.48
Beta
0.94
1.00
Sharpe Ratio
0.21
0.17
Sortino Ratio
0.31
0.23
Treynors Index
6.13
4.62
Alpha
1.42 Tracking Error
9.64
Correlation
0.94 Information Ratio
0.117
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015. SIP values are in rupees. SIP performance is computed since the fund became openended. Performance Analysis on annualised basis using month-end NAVs since launch. The risk free rate is
8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
82
Fund Facts: An open-end equity scheme • Launch: February 2007 • Bloomberg: SNDEMUG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment
• Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment. S Krishnakumar & Shiv
Chanani were jointly managing the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 11
Sundaram Mutual Fund
Sundaram Select Thematic Funds
Rural India Fund
Positioning:
Rural Prosperity
Benchmark
S&P BSE 500 Index
Average AUM
` 127 Crore
Portfolio
Security
Fund Manager: S Bharath
He has experience of 8 years and is managing this
fund since April 2015.
Portfolio Stance: The fund maintains the
now-consolidated portfolio of about 40
stocks. The top ten exposures is maintained
at 40% of the assets. The exposure to equity
is at 91.2%.The portfolio has an almostcomplete tilt to stocks of companies geared
to rural spending and hence the performance
will not track the benchmark designated for
regulation purposes. Consumer goods,
Financial Services and Fertilizers &
Pesticides are the preferred sectors and
account close to 61 % of the portfolio. The
portfolio stays spread across the cap curve,
as has generally been the case.
Portfolio Profile (%)
Cash/Derivatives
1.6
Non-Theme
9.2
Theme
89.3
Sector Profile (%)
Financial Services
27.9
Consumer Goods
17.7
15.7
Fertilisers & Pesticides
8.2
Automobile
6.7
Industrial Manufacturing
5.6
Services
Cement & Cement Products
2.8
6.6
Others
Cash/Others
Derivatives
4.8
3.9
Weighted Average Market Cap:
Median Market Cap:
` 59,625 Crore
` 13,305 Crore
Weight
UPL
6.0
Maruti
5.1
HDFC Bank
4.5
HDFC
4.2
Bayer CropSciences
4.0
V Guard Indsutries
3.7
GIC Housing Finance 3.7
Heritage Foods
3.6
ICICI Bank
3.3
Vatech Wabag
3.3
ITC
3.2
P I Industries
2.9
INOX Leisure
2.7
Hindustan Sanitaryware 2.5
Bajaj Finance
2.4
Aditya Birla Nuvo
2.3
Colgate Palmolive
2.3
ING Vysya Bank
2.1
Indian Bank
2.1
Hero Motocorp
2.0
State Bank of India
1.9
Century Plyboards
1.9
Coromandel International 1.7
Ramco Cements
1.7
Crompton Greaves
1.6
Navin Fluorine Chem 1.4
Greaves Cotton
1.4
Bank of Baroda
1.4
Asian Paints
1.3
Bharti Airtel
1.3
DCB
1.2
Procter & Gamble India 1.2
Gujarat Ambuja
1.1
Eicher Motor
1.1
Titan Industries
1.0
M & M Financial
1.0
EID Parry
1.0
Himatsingka Seide
0.8
Whirlpool of India
0.7
Usha Martin
0.4
Equity
91.2
Mutual Fund Units Sundaram Money Fund 6.4
Derivatives
3.9
Cash
(1.6)
No of Stocks
40
Turnover Ratio (%)
NAV: Regular-Growth: ` 25.0739
NAV: Direct-Growth: ` 25.3495
Dividend: ` 16.7593
Dividend: ` 16.9551
Performance Mar 15 NAV Per
Fund
Benchmark
Unit (`)
(%)
(%)
Period
Since Inception
25.07
10.9
9.5
31/03/14 to 31/03/15 25.07
40.0
33.2
31/03/13 to 31/03/14 17.91
18.0
17.1
5.0
4.8
31/03/12 to 31/03/13 15.18
Last 3 years
20.1
17.8
Last 5 years
13.3
9.8
Last 8 years
11.3
10.5
` 10,000 invested
Since Launch
25,074 22,412
Last 3 years
17,338 16,345
Last 5 years
18,655 15,967
Last 8 years
23,523 22,296
30000
Fund
Benchmark
25000
CNX
Excess
Nifty (%) points (%)
10.0
26.7
18.0
7.3
17.0
10.1
10.5
1.4
6.8
0.9
0.2
2.3
3.5
0.7
23,263
16,034
16,176
22,219
CNX Nifty Index
20000
15000
10000
5000
0
Mar-15
May-06
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,06,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
13.5
12.3
13.7
10.9
9.5
10.0
9.2
8.7
8.7
13.3
9.8
10.1
20.1
17.8
17.0
28.5
24.9
22.2
40.0
33.2
26.7
Performance Analysis (Based on returns)
Fund
CNX 500
Mean
14.03
12.86
Standard Deviation
26.76
27.39
Beta
0.92
1.00
Sharpe Ratio
0.22
0.17
Sortino Ratio
0.30
0.23
Treynors Index
6.46
4.77
Alpha
1.56 Correlation
0.94
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
108
Fund Facts: An open-end equity scheme • Launch: May 2006 • Bloomberg: SNDRUIG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep,
Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months
from date of allotment. J Venkatesan & S Bharath were jointly managing the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 12
Sundaram Mutual Fund
Sundaram Infrastructure Advantage Fund
Positioning:
Capex/Infrastructure
Benchmark
S&P BSE 100
Average AUM
` 759 Crore
Portfolio
Security
Fund Manager: S Bharath
He has experience of 8 years and is managing this
fund (before conversion into Infrastructure
Advantage) since January 2013.
Portfolio Stance: The fund has its equity
allocation at 99% of the assets in the
growth option. The fund’s mandate is to
focus
on
beneficiaries
of
infrastructure/capex spend story in India
under normal circumstances. The fund
maintains its exposure to Industrial
Manufacturing, Financial Services &
Construction at about 69.2%. The
portfolio has had a mid- and small-cap
tilt, as valuation differentials stay
attractive despite having narrow recently
and given the nature of the universe of
stocks tracking the theme.
Portfolio Profile (%)
100
90
80
70
60
50
40
30
20
10
0
Oct-05
Mar-15
n Cash & Cash Equivalents n Infrastructure Spenders
n Non Thematic
n Capex Providers
Sector Profile (%)
Industrial Manufacturing
31.8
Financial Services
26.3
Construction
11.1
Energy
9.4
Services
5.7
Cement & Cement Products
5.5
Consumer Goods
5.1
Others
Cash/Others
3.7
1.4
Sector Profile and Portfolio Profile are based on Growth Option of the scheme.
Weighted Average Market Cap:
Median Market Cap:
` 61,308 Crore
` 7,527 Crore
Weight
Larsen & Toubro
6.8
ICICI Bank
5.0
Honeywell Automation 4.9
Alstom T&D
4.5
Indraprastha Gas
3.9
HDFC Bank
3.6
Cummins India
3.5
Alstom Power
3.5
Vatech Wabag
3.3
Thermax
3.3
State Bank of India
3.2
HDFC
3.0
ING Vysya Bank
2.8
Yes Bank
2.3
Bharat Petroleum
2.3
Maruti
2.3
Ashoka Buildcon
2.3
Crompton Greaves
2.2
Hindustan Sanitaryware 2.0
Gujarat Ambuja
2.0
Karur Vysya Bank
1.9
Kansai Nerolac Paints 1.7
Aditya Birla Nuvo
1.7
Kalpataru Power
1.6
Ingersoll-Rand India
1.5
Ramco Cements
1.4
Kotak Mahindra Bank 1.4
Siemens India
1.4
Bluestar
1.4
Timken India
1.4
Bajaj Finserve
1.3
UltraTech Cement
1.3
Reliance Industries
1.2
Prestige Estates Projects 1.1
Grindwell Norton
1.1
Tata Motors
1.0
DCB
0.9
Bank of Baroda
0.9
Gammon Infra
0.9
ITD Cement
0.9
Schneider Electric
0.7
Mahindra CIE Auto
0.7
McNally Bharat
0.7
Texmaco Rail
0.7
Suzlon Energy
0.7
Hindustan Dorr Oliver 0.6
INOX Wind
0.5
TD Power Systems
0.5
TRF
0.4
Usha Martin
0.4
Gateway Distriparks
0.2
Equity
98.6
Mutual Fund Units Sundaram Money Fund 0.5
Cash
0.8
No of Stocks
51
Turnover Ratio (%)
NAV: Regular-Growth: ` 25.4740
NAV: Direct-Growth: ` 25.8277
Dividend: ` 25.4737
Dividend: ` 25.8207
The dividend portfolio of Sundaram Capex Opportunities
has been merged into the growth portfolio of the Scheme and
then converted into a new thematic Scheme named
Sundaram Infrastructure Advantage Fund with separate
growth and dividend options and a common portfolio for
both options w.e.f April 07, 2014. Sundaram Energy
Opportunities Fund merged into Sundaram Infrastructure
Advantage Fund w.e.f. April 15, 2014
87
Fund Facts: An open-end equity scheme • Launch: September 2005 (pertains to Sundaram Capex Opportunities Fund) • Bloomberg: SUNCAPG IN • Plans: Regular & Direct • Options: Growth, Dividend
Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12
months from date of allotment. S Krishnakumar & S Bharath were jointly managing the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 13
Sundaram Mutual Fund
Sundaram Financial Services Opportunities Fund
Positioning:
Benchmark
Financial Services
Average AUM
CNX Banks Index
Fund Manager: Shiv Chanani
He has experience of 12 years and is
managing this fund since April 01, 2015
Portfolio Stance: The fund’s equity
allocation is at 99.8 percent. The
emphasis stays on the banking and
financial services spaces with an
increasingly pronounced bias towards
the former – the distribution is at 90%
and 10% respectively. The allocation to
private banking space is higher at 85% in
comparison to the PSU banking space.
` 144 Crore
Portfolio
NAV: Regular-Growth: ` 28.5763
NAV: Direct-Growth: ` 28.8739
Dividend: ` 16.2288
Dividend: ` 16.4657
Security
Weight
HDFC Bank
21.2
Performance Mar 15 NAV Per
Unit (`)
Period
Fund
(%)
ICICI Bank
18.6
Since Inception
28.58
16.7
31/03/14 to 31/03/15 28.58
41.5
42.9
26.7
-1.4
Axis Bank
11.7
31/03/13 to 31/03/14 20.19
8.6
12.1
18.0
-3.5
ING Vysya Bank
8.4
31/03/12 to 31/03/13 18.59
3.0
11.3
7.3
-8.3
Last 3 years
16.5
21.3
17.0
-4.7
State Bank of India
8.1
Last 5 years
11.7
14.0
10.1
-2.3
IndusInd Bank
5.1
Yes Bank
4.9
Bajaj Finance
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
18.3
10.0
` 10,000 invested
28,576 31,313 19,082
Since Launch
Last 3 years
15,822
17,827 16,034
2.7
Last 5 years
17,358
19,247 16,176
Shriram Transport Fin
2.2
Karur Vysya Bank
2.1
Bank of Baroda
1.8
Aditya Birla Nuvo
1.7
DCB
1.5
45000
Fund
40000
Benchmark
35000
30000
25000
20000
15000
10000
5000
0 Jun-08
Indian Bank
1.4
LIC Housing Finance
1.3
Cholamandalam Invest
1.3
CARE
1.0
Federal Bank
1.0
M & M Financial
0.9
Bajaj Finserve
0.8
Punjab National Bank
0.8
SKS Micro Finance
0.7
Motilal Oswal
0.6
n Cash n Non Theme n Public Sector n Private Sector
Private Sector
83.9
Public Sector
15.9
Non-Theme
—
Cash/Others
0.2
Bank of India
0.4
Cash
0.2
` 1,29,072 Crore
` 21,128 Crore
No of Stocks
24
Turnover Ratio (%)
94
Allocation: Banks & Financial Services
100
90
80
70
60
50
40
30
20
10
0
Mar-15
Jul-08
n Cash n Non Theme n Banks n Financial Services
Financial Services
Banks
Non-Theme
Cash/Others
13.0
86.8
—
0.2
Allocation: Public Sector & Private Sector
100
90
80
70
60
50
40
30
20
10
0
Jul-08
Weighted Average Market Cap:
Median Market Cap:
Mar-15
Equity
99.8
-1.6
CNX Nifty Index
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
81,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
16.8
19.8
14.3
16.7
18.3
10.0
11.7
14.0
10.1
16.5
21.3
17.0
24.0
26.6
22.2
41.5
42.9
26.7
Performance Analysis (Based on returns)
Fund
CNX 500
Mean
19.94
13.10
Standard Deviation
31.24
25.81
Beta
1.02
1.00
Sharpe Ratio
0.38
0.19
Sortino Ratio
0.81
0.29
Treynors Index
11.56
5.01
Alpha
6.72 Correlation
0.85
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is as
on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
Fund Facts: An open-ended Financial Services sector scheme • Launch: June 2008 • Bloomberg: SNDFSRG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount: ` 5,000
• SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 2% - If redeemed / switched out within 18 months from the date of allotment. NIL - If redeemed / switched out after 18 months from the date of allotmentw.e.f. November 28, 2014. J Venkatesan was the fund manager for the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33. The scheme has been converted into sector fund effective from 01-Aug-2013
www.sundarammutual.com
March 31, 2015
Page 14
Sundaram Mutual Fund
Sundaram Entertainment Opportunities Fund
Positioning:
Entertainment
Benchmark
CNX Media
Fund Managers: Shiv Chanani & Avinash
Agarwal
Shiv Chanani has experience of 12 years and is
managing this fund since October 2013.
Avinash Agarwal has experience of ten years
and is managing this fund since April 01, 2015.
Portfolio Stance: The fund’s equity
allocation is at 91 percent. The portfolio is
intended to be largely centered on the
entertainment theme. The exposure level
between thematic and non-thematic
components will vary based on perception
of the attractiveness and market conditions.
In line with the profile of companies in the
entertainment theme, the portfolio has a
distinct mid- and small-cap bias. This is
likely to be a constant feature for several
years ahead as despite the robust growth
prospects, the emergence of the first set of
large-cap stocks will take time.
Portfolio Profile (%)
100
90
80
70
60
50
40
30
20
10
0
Mar-15
Jul-08
n Cash
n Non Thematic
n Thematic
Thematic
Non-Thematic
Cash
89.1
7.6
3.3
Sector Profile (%)
Media & Entertainment
84.5
Consumer Goods
Textiles
6.3
3.0
Industrial Manufacturing
0.9
IT
0.7
Construction
0.7
Cash/Others
3.9
Weighted Average Market Cap:
Median Market Cap:
` 9,467 Crore
` 3,748 Crore
Average AUM
` 27 Crore
Portfolio
Security
Weight
Zee Entertainment
12.9
TV18 Broadcast
5.7
NDTV
4.3
Talwalkars
4.2
TV Today Network
4.1
Dish TV
3.9
INOX Leisure
3.8
Network 18 Fincap
3.8
HT Media
3.5
Jagran Prakashan
3.4
Sun TV
3.3
PVR
3.3
The Phoenix Mills
3.0
Trent
2.8
United Breweries
2.6
Pantaloons
2.6
Shemaroo Entertainment 2.4
INFO EDGE
2.4
Hathway Cable
2.3
D B CORP
2.1
EIH
2.0
Indian Hotels
1.8
Shopper's Stop
1.7
Radico Khaitan
1.7
OnMobile Global
1.7
Saregama India
1.6
Tata Communications 1.6
United Spirits
1.4
Whirlpool of India
1.3
Den Networks
0.9
Ador Welding
0.9
Just Dial
0.7
NIIT
0.7
Ashoka Buildcon
0.7
TBZ
0.6
Monte Carlo Fashions 0.5
Indian Hotels - Rights 0.6
Equity
96.7
Mutual Fund Units Sundaram Money Fund 1.9
Cash
1.4
No of Stocks
36
Turnover Ratio (%)
NAV: Regular-Growth: ` 17.9075
NAV: Direct-Growth: ` 18.1029
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Since Launch
Last 3 years
Last 5 years
25000
Fund
Benchmark
Dividend: ` 13.1092
Dividend: ` 13.2434
NAV Per
Unit (`)
17.91
17.91
14.79
12.92
Fund
Benchmark
(%)
(%)
9.0
3.5
21.0
22.1
14.5
9.9
17.4
32.4
17.6
21.1
3.5
5.6
` 10,000 invested
17,908 12,673
16,273 17,763
11905.4 13107.5
CNX
Excess
Nifty (%) points (%)
9.5 5.4
26.7 -1.0
18.0 4.6
7.3 -15.0
17.0 -3.5
10.1 -2.0
18,570
16,034
16,176
CNXNifty
20000
15000
10000
5000
0
Jun-08
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
81,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
9.63
12.4
14.3
9.0
3.5
9.5
3.5
5.6
10.1
17.6
21.1
17.0
17.7
15.8
22.2
21.0
22.1
26.7
Performance Analysis (Based on returns)
Mean
Standard Deviation
Beta
Sharpe Ratio
Sortino Ratio
Treynors Index
Fund
11.60
25.80
0.79
0.14
0.30
4.43
CNX 500
12.71
26.00
1.00
0.18
0.26
4.62
Alpha
-0.15 Correlation
0.80
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
90
Fund Facts: An open-ended Media and Entertainment sector scheme • Launch: June 2008 • Bloomberg: SNDEORG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend ReInvestment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment. J Venkatesan & Shiv
Chanani were jointly managing the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33. The scheme has been converted into sector fund effective from 01-Aug-2013.
www.sundarammutual.com
March 31, 2015
Page 15
Sundaram Mutual Fund
Sundaram Select Thematic Funds
PSU Opportunities
Positioning:
Public Sector
S&P BSE PSU Index
Benchmark
Fund Managers: Shiv Chanani & Avinash
Agarwal
Shiv Chanani has experience of 12 years and is
managing this fund since October 2013.
Avinash Agarwal has experience of ten years
and is managing this fund since April 01, 2015.
Portfolio Stance: The fund’s equity is invested
at 88%. In line with the positioning, the portfolio
is almost entirely invested in stocks of public
sector undertakings (PSUs). The portfolio has a
distinct large-cap tilt, which is an intrinsic
feature of the PSU space. The top sectors by
allocation are Financial services, Energy &
Industrial Manufacturing constitutes about 77
percent of the portfolio. This, too, is in line with
broad profile of the PSU universe. PSU stocks
are geared to the India story due to a strong
presence in high growth sectors such as financial
services, oil & gas, utilities, engineering and
materials space; they are almost absent in sectors
such as consumer staples, telecom, Automobiles.
The portfolio of the fund is geared to the high
growth sectors of the Indian economy.
Portfolio Profile (%)
Cash/Derivatives
12.0
Non-theme
4.8
Theme
83.2
Sector Profile (%)
Energy
37.7
Financial Services
34.6
Industrial Manufacturing
4.9
Services
2.9
Telecom
2.5
Fertilisers & Pesticides
2.5
Metals
Others
2.0
0.9
Cash/Others
Derivatives
11.7
0.3
Weighted Average Market Cap:
Median Market Cap:
` 67,781 Crore
` 12,023 Crore
Average AUM
` 121 Crore
Portfolio
Security
Weight
Coal India
8.7
State Bank of India
8.5
NTPC
5.0
ONGC
3.9
GIC Housing Finance 3.8
CARE
3.8
Indian Bank
2.9
IDFC
2.8
HPCL
2.8
Bharat Petroleum
2.8
Oil India
2.7
Tata Communications 2.5
Punjab National Bank 2.5
Power Finance Corp
2.3
GAIL
2.3
Indraprastha Gas
2.1
Bank of Baroda
2.1
NALCO
2.0
Bharat Electronics
1.9
Bharat Earth Movers
1.9
GSFC
1.8
Container Corp
1.7
Bank of India
1.7
Gujarat State Petronet 1.6
Indian Oil Corp.
1.3
Power Trading Corp.
1.2
Power Grid
1.2
BHEL
1.2
Dredging Corp.
1.1
Federal Bank
1.1
Tourism Finance
1.0
Seamec
1.0
PTC India
0.9
IL&FS Engineering
0.9
Chennai Petroleum
0.9
Rashtriya Chemicals
0.7
IDBI Bank
0.6
OBC
0.5
INOX Wind
0.3
Equity
88.0
Mutual Fund Units Sundaram Money Fund 2.5
Derivatives
0.3
Cash
9.2
No of Stocks
39
Turnover Ratio (%)
NAV: Regular-Growth: ` 11.7008
NAV: Direct-Growth: ` 11.8362
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
NAV Per
Unit (`)
Fund
(%)
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
11.70
11.70
8.88
8.91
Since Launch
Last 3 years
Last 5 years
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
Dividend: ` 10.6545
Dividend: ` 10.7966
3.1
-4.7
9.7
31.8
19.7
26.7
-0.4
-2.0
18.0
-10.6
-11.4
7.3
5.5
1.3
17.0
3.3
-3.4
10.1
` 10,000 invested
11,701
7,757 16,175
11,740 10,405 16,034
11,777
8,417 16,176
7.8
12.1
1.6
0.7
4.2
6.7
Fund
Benchmark
CNXNifty
Jan-10
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
62,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
7.88
1.99
16.2
3.1
-4.7
9.7
3.3
-3.4
10.1
5.5
1.3
17.0
14.6
8.3
22.2
31.8
19.7
26.7
Performance Analysis (Based on returns)
Mean
Standard Deviation
Beta
Sharpe Ratio
Sortino Ratio
Treynors Index
Fund
4.98
20.31
1.02
(0.15)
(0.29)
(3.06)
CNX 500
10.16
17.44
1.00
0.12
0.20
2.07
Alpha
-5.22 Correlation
0.87
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
56
Fund Facts: An open-end equity scheme • Launch: January 2010 • Bloomberg: SNDPSUG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep, Dividend Re-Investment • Minimum Amount:
` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12 months from date of allotment.. J Venkatesan & Shiv Chanani were jointly managing the fund
till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33. The scheme benchmark has been changed to S&P BSE PSU Index from CNX PSE Index w.e.f 01-August-2013.
www.sundarammutual.com
March 31, 2015
Page 16
Sundaram Mutual Fund
Sundaram Global Advantage
Salient Features
•
•
•
•
•
•
•
•
•
•
•
Positioning:
Thematic-Overseas Investment
MSCI Emerging Markets Index
100% in global markets (an India allocation is Benchmark
Performance Mar 15
Fund
Benchmark
CNX
Excess
NAV Per
possible based on outlook)
(%)
(%)
Nifty
(%)
points
(%)
Unit
(`)
Period
Actively managed diversified multi-manager
Since Inception
14.26
4.8
4.7
9.7
0.0
portfolio
31/03/14 to 31/03/15
14.26
6.7
5.6
18.0
1.0
14.51
10.9
6.3
7.3
4.6
31/03/13 to 31/03/14
Advisor is FundQuest, a Investment Partner
31/03/12 to 31/03/13
13.60
1.7
1.6
-9.2
0.1
Exposure to multiple asset classes through mutual Last 5 years
6.2
6.0
10.1
0.3
funds & exchange-traded funds
Last 3 years
5.1
4.6
17.0
0.5
`10000
invested
Allocation across global emerging equities,
Since Launch
14,257
14,213
20,264
commodities & real estate.
Last 3 years
11,624
11,445
16,034
13,533
13,371
16,176
Exposure in ETFs that track an index of companies Last 5 years
Past
performance
may
or
may
not
be
sustained
in
future.
Returns/investment
value
are
as
of March 31, 2015. Returns
in the real estate business and in commodities and not
are on a compounded annual basis for period more than one year and absolute for one-year period and computed using
an index that tracks real-estate and commodities NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is as on March 31, 2015.
directly
Asset Allocation (%)
Active bets within each asset class based on economy
Asset Class/Geography
Neutral
Current
& market outlook
Emerging Markets
Asia
40.0
49.5
Complementary strategies to lower volatility and
Latin America
15.0
12.4
fund manager risk
Eastern
Europe
15.0
11.7
Emerging Markets: • Neutral 70% • Minimum 60% •
Commodity Funds
15.0
5.1
Maximum 100%
Real Estate Funds
15.0
16.5
Real Estate: • Neutral 15% • Minimum 0% •
Cash
0.0
4.6
Maximum 40%
Total
100.0
100.0
Commodities: • Neutral 15% • Minimum 0% • Funds owning stocks of commodity companies and funds owning stocks of real estate companies are used
to invest in the respective asset classes.
Maximum 40%
Fund Advisor: Fund Quest, a member of
BNP Paribas Investment Partners
Fund Manager: S Bharath
Portfolio Stance: The allocation to Emerging
Europe and Latin America is at 24.8%. Exposure
to Asia stands at 48.2%. The portfolio has a
lower allocation to Latin America Funds in
comparison to the neutral stance. The portfolio is
underweight on commodity funds & real estate.
The allocation to real estate is at 16.2% and the
allocation to commodity is at 5.4%.The fund has
a cash allocation of 5.7%.
Fund-of-Funds Portfolio
Fund
Weight
Emerging Europe
Nevsky Eastern European
Europe
4.6
Parvest World Energy
Europe
7.1
Fidelity South East Asia
Asia
16.9
DB Tracker Emerging Markets Asia
Asia
16.8
Templeton Asia
Asia
15.8
Parvest Latin America
Latam
6.8
DB Tracker Latin America
Latam
5.7
Real Estate (Funds owning stocks of real estate companies, not real estate)
Morgan Stanley Asian Property
REIT
9.5
Morgan Stanley Global Property
REIT
7.1
Commodities (Funds owning stocks of commodity companies, not commodities)
First State Global Resources
GSCI
5.1
Allocation to funds
95.4
Cash
4.6
` 27 Crore
Average AUM
Dividend History: Refer page 32
27
NAV: Regular-Growth: ` 14.2572
NAV: Direct-Growth: ` 14.3899
Dividend: ` 12.2225
Dividend: ` 13.0341
Fund Facts: Open-end fund-of-funds scheme • Launch: September 2007 • Bloomberg: SNDGADG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend
Sweep, Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within
12 months from date of allotment. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 17
Sundaram Mutual Fund
Sundaram Equity Plus
‘Plus’ used in the scheme name is only in terms of asset allocation and not in terms of return/yield.
Positioning:
Large-Cap Equity with a Dash of Gold ETF
Average AUM
Portfolio
Benchmark CNX Nifty(65%) & Price of Gold in INR(35%)
Fund Manager: Shiv Chanani
He has experience of 12 years and is
managing this fund since January 2013.
Portfolio Stance: Sundaram Equity Plus
was launched in May 2011.The fund
shall invest between 65-85% in Equity
and a maximum of 35% in Gold ETF.
The portfolio now has 75% in equity and
20% in Gold ETFs. The number of
stocks in the portfolio is 26 and
investments are predominantly in large
caps. IT, Financial Services and Pharma
are the preferred sectors and account to
49% of the portfolio.
` 62 Crore
Security
HDFC
Weight
6.5
HDFC Bank
5.9
Infosys
5.8
ICICI Bank
5.6
TCS
4.2
Reliance Industries
4.1
Ranbaxy
3.6
State Bank of India
3.5
ITC
3.2
Cipla
2.9
Larsen & Toubro
2.8
Lupin
2.7
Wipro
2.6
Tata Motors
2.5
UltraTech Cement
2.4
NAV: Regular-Growth: ` 13.4469
NAV: Direct-Growth: ` 13.6398
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Since Launch
Last 3 years
Dividend: ` 12.3786
Dividend: ` 12.5403
NAV Per
Unit (`)
13.45
13.45
11.67
10.60
Fund
Benchmark CNX
Excess
(%)
(%)
Nifty (%) points (%)
8.0
9.6
12.5 -1.6
15.3
14.4
26.7
0.9
10.0
10.7
18.0 -0.7
0.6
6.4
7.3 -5.8
8.5
10.3
17.0 -1.8
` 10,000 invested
13,447 14,338 15,739
12,765 13,692 16,034
18000
Fund
Benchmark
CNX Nifty
16000
14000
12000
10000
8000
May-11
Mar-15
Mahindra & Mahindra 2.0
Axis Bank
1.8
ING Vysya Bank
1.5
Maruti
1.5
ONGC
1.5
Bloomberg code: SUNEQPG IN EQUITY
Bharti Airtel
1.3
Plans:
Regular & Direct
HCL Technologies
1.3
NTPC
1.2
Coal India
1.2
Fund Facts
An Open-ended Equity Scheme
Launch: May 2011
Options:
Growth, Dividend
Reinvestment
Payout,
Dividend
Period
Investment
Fund Benchmark CNX Nifty
Since Inception Returns (%)
9.78
11.9
8.54
Since Inception
46,000
8.0
9.6
-12.5
Last 3 years
36,000
8.5
10.3
17.0
Last 2 years
24,000
12.6
12.5
22.2
Last 1 year
12,000
15.3
14.4
26.7
Past performance may or may not be sustained in future. Returns/investment
value are as of March 31, 2015. Returns are on a compounded annual basis for
period more than one year and absolute for one-year period and computed using
NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015 . SIP values are in rupees.
Punjab National Bank 1.2
Hero Motocorp
Minimum amount: ` 5,000
Value of ` 1000-a-month SIP
Sector Profile (%)
1.1
Financial Services
Gold ETFs
SIP: Weekly ` 1,000, Monthly, ` 250,
Quarterly ` 750
Goldman Sachs
UTI
4.0
Terms of offer: NAV
Kotak
4.0
Energy
Reliance
3.9
Consumer Goods
Equity
74.0
Construction
Gold ETFs
22.8
Exit Load: 1% if redeemed within 12
months from the date of allotment
Weighted Average Market Cap:
Median Market Cap:
` 1,40,128 Crore
` 1,35,284 Crore
11.1
www.sundarammutual.com
Pharma
Derivatives
0.2
Cash
1.3
No of Stocks
26
Turnover Ratio (%)
78
March 31, 2015
9.3
7.0
6.8
3.2
2.8
Others
4.9
1.3
Gold ETFs
Sundaram Money Fund 1.6
For Product Labels, please refer Page 2.
Disclosures: Page 33
13.9
Automobile
Cash/Others
Mutual Fund Units -
26.0
IT
Derivatives
24.5
0.2
Dividend History: Refer page 32
Page 18
Sundaram Mutual Fund
Sundaram Select Micro Cap
Positioning:
Benchmark
Pure Micro Cap Fund
Fund Managers: S Krishnakumar & Avinash
Agarwal
S Krishnakumar has experience of 16 years in
fund management.
Avinash Agarwal has experience of ten years
and is managing this fund since April 01,
2015.
Portfolio Stance: Sundaram Select Micro
Cap Fund invests in micro cap stocks
(stocks that are equal to or lower than the
301st stock in the NSE after sorting the
stocks by market-cap in descending
order). The fund shall invest in equity
stocks of micro-cap companies: 65-100%;
other equity related securities: 0-35%.
Series I- VII has invested close to 100% in
equities.
8.7
8.8
Nagarjuna Construction
Mahindra CIE Automotive
6.6
6.7
5.4
7.0
J K Cements
KSB Pumps
5.8
5.7
5.8
5.8
Grindwell Norton
10.7
Timken India
5.2
5.1
5.1
Century Plyboards
4.6
3.6
4.6
Repco Home Fin
4.2
3.6
Schneider Electric
5.8
5.8
5.8
5.9
M M Forgings
4.6
PVR
4.1
3.2
Timken India
5.5
5.7
5.6
5.5
Trent
4.3
Suzlon Energy
4.1
4.2
Honeywell Automation
5.4
5.3
5.4
5.8
Can Fin Homes
4.2
M M Forgings
3.9
3.7
Bharat Earth Movers
4.9
4.9
4.9
4.9
Century Plyboards
4.2
SRF
3.8
3.6
Grindwell Norton
4.5
4.4
4.5
4.5
Bharat Earth Movers
4.1
Development Credit Bank
3.7
3.5
Ingersoll-Rand India
4.2
4.3
4.4
4.8
Hindustan Sanitaryware
3.8
Nagarjuna Construction
3.7
3.6
BASF India
3.3
3.2
3.3
0.4
Timken India
3.5
SKS Micro Finance
3.6
3.7
J K Cements
2.8
2.9
3.0
2.8
Development Credit Bank
3.4
Grindwell Norton
3.5
3.1
Novartis India
2.6
2.5
2.6
2.7
SKS Micro Finance
3.3
J K Cements
3.4
3.3
Elantas Beck India
2.4
2.4
2.4
2.5
Madhucon Projects
3.1
Ashoka Buildcon
3.4
3.3
2.3
2.4
V Guard Indsutries
3.0
V Guard Indsutries
3.3
3.3
2.2
1.4
HT Media
2.9
Himatsingka Seide
3.1
2.9
SRF
2.1
2.1
2.1
2.0
Sundaram Fasteners
2.9
HT Media
2.8
2.8
Pfizer India
2.1
2.1
2.1
2.1
Sharda
2.7
Sundaram Clayton
2.8
Sundaram Fasteners
1.9
1.9
1.9
1.9
India Cements
2.7
Rane Holdings
2.8
Dividend: ` 17.0147 NRB Bearings
Dividend: ` 17.4648 Clariant Chemicals
1.9
1.8
1.8
1.9
Rane Holdings
2.6
Heritage Foods
2.6
2.7
1.9
1.8
1.9
1.7
Texmaco Rail And Engineering 2.4
Greaves Cotton
2.6
2.4
1.8
1.8
1.8
1.8
Suzlon Energy
2.4
Texmaco Rail And Engineering
2.5
2.4
1.6
1.6
1.8
1.5
Greaves Cotton
2.3
Bluestar
2.3
2.3
1.6
1.6
1.6
1.6
1.5
1.4
1.5
1.3
1.3
1.3
1.3
1.3
1.3
Heidelberg Cement India
1.3
1.4
Accel Frontline
1.2
1.1
Styrolution ABS India
OnMobile Global
Ador Welding
Dividend: ` 16.9103 Vesuvius India
Dividend: ` 17.3285 Goodyear India
Swaraj Mazda
Dividend: ` 16.6294 Shree Renuka Sugars
Dividend: ` 17.0200 Repco Home Fin
Dividend: ` 15.3443
INOX Leisure
Dividend: ` 15.6877
Dividend: ` 12.8809 Easun Reyrolle
Dividend: ` 13.0487
Gammon Infra
2.2
Madhucon Projects
2.3
3.5
Heritage Foods
2.2
TRF
2.3
2.0
1.3
Navin Fluorine Chemicals
2.0
Hindustan Sanitaryware
2.1
3.3
1.1
KSB Pumps
2.0
Alstom Power
2.1
2.1
1.4
0.9
Himatsingka Seide
1.7
India Cements
2.1
0.8
1.5
1.3
1.9
Praj Industries
1.6
EID Parry
2.0
1.7
1.1
1.1
1.0
EID Parry
1.5
Gammon Infra
1.8
2.3
0.9
0.9
1.0
0.8
WPIL
1.1
KSB Pumps
1.7
1.7
0.9
0.9
0.9
0.9
Premier Explosives
0.9
Power Trading Corporation
1.6
1.3
0.8
0.8
0.8
0.8
Usha Martin
0.7
Shasun Pharma
1.6
0.7
0.5
0.7
0.7
Ador Welding
0.1
Shanthi Gears
1.3
Hindustan Sanitaryware
0.7
0.7
0.7
0.7
INOX Leisure
1.2
0.6
0.6
0.6
0.5
WPIL
1.1
1.1
0.6
0.6
0.6
0.6
Praj Industries
1.0
1.2
0.0
SQS India
Dividend: ` 11.6636 Prism Cement
Dividend: ` 11.7712 Equity
Dividend History: Refer page 32
2.7
Merck India
Dividend: ` 11.9003 Accelya Kale Solution
Dividend: ` 12.0323 Godfrey Philips
Micro Cap Series-VII
NAV: Regular-Growth: ` 11.6637
NAV: Direct-Growth: ` 11.7661
8.7
2.3
Micro Cap Series-VI
NAV: Regular-Growth: ` 11.9003
NAV: Direct-Growth: ` 12.0323
8.7
Weight
Series Series
VI VII
2.2
Micro Cap Series-V
NAV: Regular-Growth: ` 13.4075
NAV: Direct-Growth: ` 13.5755
Hitachi Home & Life Solution
Weight Security
Series
V
2.3
Micro Cap Series-IV
NAV: Regular-Growth: ` 22.7583
NAV: Direct-Growth: ` 23.1711
Weight
Security
Series Series Series Series
II III IV
I
2.2
Micro Cap Series-III
NAV: Regular-Growth: ` 24.0239
NAV: Direct-Growth: ` 24.4848
Security
Development Credit Bank
Micro Cap Series-II
NAV: Regular-Growth: ` 24.4581
NAV: Direct-Growth: ` 24.9586
Portfolio
Alstom Power
Micro Cap Series-I
NAV: Regular-Growth: ` 24.5925
NAV: Direct-Growth: ` 25.1170
S&P BSE Small Cap Index
0.5
0.8
0.9
0.6
Ador Welding
0.0
0.0
0.0
0.0
ISGEC Heavy Engineering
95.4 95.83 95.51 91.41
Equity
98.6
Equity
Cash
1.4
Cash
Cash
4.6
4.2
4.5
8.6
No of Stocks
38
38
38
37
33
61
46
163
120 166
58
Average AUM (` Crore)
111
72
Turnover Ratio (%)
112
110
1.2
0.2
5.9
100.1 97.6
-0.1
0.7
36
34
239 127
13
13
Fund Facts: A Five Years Closed-End Equity Scheme • Launch: Series-I-January 2014, Series-I-January 2014, Series-III-February 2014, Series-IV-March 2014, Series-V-September 2014, Series VI-October 2014 & Series VI I-October 2014 • Bloomberg: Select Micro Cap Series 1-SSMC1RG IN EQUITY, Select Micro Cap - Series 2-SSMC2RG IN EQUITY, Select Micro Cap - Series 3- SSMC3RG IN EQUIT, Select Micro Cap - Series 4- SSMC4RG IN EQUITY, Select Micro Cap - Series 5- SSMC5RG IN EQUITY, Select Micro Cap Series 6- SSMC6RG IN EQUITY & Select Micro Cap - Series 7- SSMC7RG IN EQUITY • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep • Exit Load: Nil. For Product Labels, please refer Page 2. Disclosures: Page 33.
www.sundarammutual.com
March 31, 2015
Page 19
Sundaram Mutual Fund
Sundaram TOP 100
Positioning:
Large Cap
Fund Manager: S Bharath
He has experience of 8 years and is managing this fund
since April 01, 2015.
Portfolio Stance: To generate capital appreciation
from a portfolio that is substantially constituted of
equity securities specified as eligible securities for
Rajiv Gandhi Equity Savings Scheme, 2012. The
Scheme may also invest a certain portion of its
corpus in cash & cash equivalent and money market
instruments from time to time. The tenure of the
scheme shall be 3 years. Series-I, II & III has 46
stocks Series IV has 36 stocks Series V has 34
stocks and has invested close to 100% in equities.
Sundaram Top 100 Series-I
NAV: Regular-Growth: ` 12.1114
NAV: Direct-Growth: ` 12.3250
Sundaram Top 100 Series-II
Dividend: ` 11.5881
Dividend: ` 11.7984
NAV: Regular-Growth: ` 11.6062
NAV: Direct-Growth: ` 11.7964
Sundaram Top 100 Series-III
Dividend: ` 11.6062
Dividend: ` 11.7964
NAV: Regular-Growth: ` 11.3627
NAV: Direct-Growth: ` 11.5260
Sundaram Top 100 Series-IV
Dividend: ` 11.3627
Dividend: ` 11.5260
NAV: Regular-Growth: ` 10.1173
NAV: Direct-Growth: ` 10.1483
Dividend: ` 10.1173
Dividend: ` 10.1483
Benchmark
CNX 100
Portfolio
Security
Series I
Bharat Forge
HDFC Bank
ICICI Bank
Infosys
Larsen & Toubro
Yes Bank
Dr Reddy's Labs
Lupin
HDFC
Axis Bank
Tata Motors
State Bank Of India
Tech Mahindra
TCS
Hero Motocorp
Maruti
Reliance Industries
Kotak Mahindra Bank
Coal India
ONGC
Bank of Baroda
Bharat Petroleum
UPL
Sun Pharma
Punjab National Bank
Ashok Leyland
ACC
Bosch
ITC
Mahindra & Mahindra
Tata Steel
IndusInd Bank
Bharat Earth Movers
Asian Paints
HCL Technologies
Divis Labs
Cummins India
Container Corp
ABB
LIC Housing Finance
Sesa Sterlite
Titan Industries
Federal Bank
Indian Oil Corporation
Crompton Greaves
Hindalco
ING Vysya Bank
Equity
Cash
No of Stocks
Average AUM (` Crore)
Turnover Ratio (%)
5.5
5.4
5.3
4.7
4.1
3.5
3.4
3.4
3.3
3.1
2.9
2.8
2.8
2.6
2.4
2.4
2.3
2.3
2.2
2.1
2.1
2.1
1.8
1.6
1.6
1.6
1.6
1.6
1.4
1.4
1.4
1.2
1.2
1.2
1.1
1.1
1.0
1.0
1.0
1.0
0.9
0.9
0.8
0.8
0.6
0.6
—
99.6
0.4
46
73
67
Weight
Series II Series III
3.5
4.6
5.1
6.6
4.2
2.4
2.4
3.4
2.3
3.8
3.1
3.3
3.1
2.4
1.7
2.5
2.3
—
1.5
2.3
1.5
2.2
1.8
2.6
1.8
1.8
1.7
1.7
1.6
1.7
1.0
1.3
1.1
1.2
1.1
1.1
1.1
1.1
1.0
1.1
1.1
1.0
0.9
0.9
0.7
0.7
2.6
98.1
1.9
46
41
54
3.1
4.8
5.0
5.5
4.8
2.5
2.1
3.0
2.1
3.5
3.1
3.7
3.0
2.5
1.7
2.5
2.4
—
1.7
2.6
1.6
2.4
1.8
2.2
1.9
1.8
1.9
1.6
1.5
1.7
1.0
1.4
1.5
1.1
1.0
1.0
1.2
1.0
1.0
1.3
1.1
1.0
1.0
1.0
0.7
0.6
2.3
97.1
2.9
46
49
56
Security
Weight
Series IV Series V
HDFC Bank
Axis Bank
Tata Motors
ICICI Bank
Bosch
Larsen & Toubro
Sun Pharma
Maruti
Asian Paints
Bharat Forge
UltraTech Cement
Mahindra & Mahindra
Dr Reddy's Labs
Siemens India
Reliance Industries
Lupin
Bharat Earth Movers
UPL
Ashok Leyland
Container Corp
Cipla
Divis Labs
Bharat Electronics
Infosys
ACC
Tata Chemicals
Cummins India
ABB
Power Finance Corp
Yes Bank
Kotak Mahindra Bank
Hero Motocorp
ONGC
Crompton Greaves
BHEL
Punjab National Bank
Equity
Cash
No of Stocks
5.0
4.8
4.6
4.6
4.4
4.4
4.3
3.8
3.6
3.5
3.4
3.3
2.9
2.7
2.6
2.5
2.2
2.2
2.2
2.1
2.0
2.0
2.0
1.9
1.9
1.9
1.8
1.8
1.8
1.8
1.8
1.7
1.6
1.6
1.6
1.3
—
3.3
4.4
5.3
4.3
—
4.5
4.5
4.4
3.3
4.4
4.3
3.4
2.2
3.3
2.4
2.4
2.4
2.2
2.1
2.3
2.2
2.2
2.2
2.2
2.3
2.2
2.2
2.2
2.2
2.2
2.2
2.2
2.1
2.0
1.9
97.4
2.6
36
39
—
97.9
2.1
34
9
—
Fund Facts: A Closed-End Equity Scheme which shall invest in eligible securities as per Rajiv Gandhi Equity Savings Scheme, 2012 • Launch: Series-I-May 2014, Series-IIJune 2014, Series-III-July 2014, Series-IV-January 2015 & Series-V-March 2015 • Plans: Regular & Direct • Options: Growth, Dividend Pay Out • Exit Load: Nil. J Venkatesan
was the fund manager for the fund till March 31, 2015. For Product Labels, please refer Page 2. Disclosures: Page 33.
www.sundarammutual.com
March 31, 2015
Page 20
Sundaram Mutual Fund
Sundaram Select Small Cap
Positioning:
Benchmark
Small Cap
S&P BSE Small Cap Index
Fund Manager: S Krishnakumar. He has experience of 16 years in
fund management.
NAV: Regular-Growth: ` 10.3528
NAV: Direct-Growth: ` 10.4292
Portfolio
Security
Dividend: ` 10.3528
Dividend: ` 10.4292
Weight
Series II
M & M Financial
6.1
SRF
5.5
Crompton Greaves
5.1
Whirlpool of India
4.9
Redington (India)
4.5
SKS Micro Finance
4.4
Ashok Leyland
4.2
Arvind Mills
3.8
FAG Bearings
3.6
Thermax
3.1
Karur Vysya Bank
3.1
Indian Hotels
3.0
Castrol India
3.0
Indraprastha Gas
3.0
The Phoenix Mills
2.9
Allahabad Bank
2.9
Ramco Cements
2.8
Federal Bank
2.7
Indian Bank
2.6
Schneider Electric
2.3
Prism Cement
2.2
INOX Wind
2.1
ING Vysya Bank
2.1
Coromandel International
2.0
Mahindra CIE Automotive
1.7
J K Cements
1.4
UPL
1.3
Suzlon Energy
0.9
Equity
87.3
Cash
12.7
No of Stocks
28
Average AUM (` Crore)
63
Turnover Ratio (%)
132
Fund Facts: A Closed-End Equity Scheme • Launch: Series-II – November 2014 • Plans:
Regular & Direct • Options: Growth, Dividend Pay Out • Exit Load: Nil. For Product
Labels, please refer Page 2. Disclosures: Page 33.
www.sundarammutual.com
March 31, 2015
Sundaram Value Fund
Multi Cap
Positioning:
Benchmark
S&P BSE 500 Index
SeriesI: Fund Manager: S Krishnakumar. He has experience of
16 years in fund management.
Series II: Fund Managers: S Krishnakumar. & S Bharath
S Bharath. He has experience of 8 years and is comanaging this fund since April 01, 2015
Sundaram Value Fund Series-I
NAV: Regular-Growth: ` 10.7720
Dividend: ` 10.7720
NAV: Direct-Growth: ` 10.8142
Dividend: ` 10.8142
Sundaram Value Fund Series-II
NAV: Regular-Growth: ` 9.9406
Dividend: ` 9.9406
NAV: Direct-Growth: ` 9.9642
Dividend: ` 9.9642
Portfolio
Security
Century Plyboards
Suzlon Energy
Shasun Pharma
Vindhya Telelinks
Redington (India)
Sundaram Clayton
Elecon Engineering
Lakshmi Vilas Bank
Madhucon Projects
Cholamandalam Investment
Hindustan Sanitaryware
M & M Financial
ISGEC Heavy Engineering
Karur Vysya Bank
Vardaman Textiles
NRB Bearings
Navin Fluorine Chemicals
Ingersoll-Rand India
Salzer Electronics
Crompton Greaves
India Cements
L G Balakrishnan & Bros
SRF
UPL
Texmaco Rail And Engineering
Alstom Power
L&T Finance
Indraprastha Gas
Indian Overseas Bank
Development Credit Bank
Kalpataru Power
Subros
Arvind Mills
Whirlpool of India
Equity
Derivatives
Cash/Others
No of Stocks
Average AUM (` Crore)
Turnover Ratio (%)
Weight
Series I
5.5
5.3
4.6
4.1
3.9
3.8
3.8
3.7
3.4
3.3
3.2
3.2
3.2
3.0
2.7
2.6
2.5
2.5
2.2
2.1
1.7
1.3
1.3
1.2
1.2
1.1
1.0
1.0
0.9
0.9
0.8
0.6
0.4
0.2
82.2
16.3
1.5
34
107
113
Security
Weight
Series II
Vindhya Telelinks
Arvind Mills
Hindustan Sanitaryware
Bajaj Finserve
Crompton Greaves
Coal India
Aditya Birla Nuvo
Tata Chemicals
Larsen & Toubro
Gujarat State Petronet
L G Balakrishnan & Bros
Navin Fluorine Chemicals
TD Power Systems
UPL
Alstom Power
NALCO
Federal Bank
Greaves Cotton
Karur Vysya Bank
Bluestar
India Cements
Praj Industries
INOX Wind
Tata Motors
Bharat Electronics
Indian Bank
Vardaman Textiles
Engineers India
M & M Financial
ITC
Subros
NRB Bearings
Elgi Equipments
Heritage Foods
Equity
Cash/Others
5.4
3.5
3.1
3.0
3.0
2.6
2.5
2.4
2.4
2.4
2.3
2.3
2.2
2.2
2.2
2.0
2.0
1.9
1.8
1.8
1.8
1.7
1.6
1.6
1.6
1.4
1.2
1.1
1.1
1.0
1.0
0.7
0.6
0.0
67.5
32.5
No of Stocks
34
24
153
Fund Facts: A Closed-End Equity Scheme • Launch: Series-I – December 2014 & Series-II
– February 2015 • Plans: Regular & Direct • Options: Growth, Dividend Pay Out • Exit
Load: Nil. For Product Labels, please refer Page 2. Disclosures: Page 33.
Page 21
Sundaram Mutual Fund
Sundaram World Brand Fund
Positioning:
Benchmark
Large Cap
Fund Manager: S Bharath has experience of 8 years and is
managing this fund since inception.
Sundaram World Brand Fund Series-I
NAV: Regular-Growth: ` 10.1083
Dividend: ` 10.1083
NAV: Direct-Growth: ` 10.1658
Dividend: ` 10.1658
Sundaram World Brand Fund Series-II
NAV: Regular-Growth: ` 10.1138
Dividend: ` 10.1138
NAV: Direct-Growth: ` 10.1688
Dividend: ` 10.1688
Sundaram World Brand Fund Series-III
NAV: Regular-Growth: ` 10.2466
Dividend: ` 10.2466
NAV: Direct-Growth: ` 10.2957
Dividend: ` 10.2957
MSCI ACWI
Portfolio
Security
Weight
Series I
Series II
Series III
International Business Machines Corp
4.8
4.8
4.8
Mcdonald'S Corporation
4.7
4.7
4.7
Coca-Cola Company
4.7
4.7
4.7
Apple Inc
4.7
4.7
4.7
Google Inc
4.6
4.6
4.6
Microsoft Corporation
4.6
4.6
4.6
General Electric Company
4.6
4.6
4.6
Daimler
3.8
3.8
4.7
Intel Corporation
2.9
2.9
2.9
Bayerische Motoren Werke
2.9
2.9
2.9
Procter & Gamble
2.8
2.8
2.8
The Walt Disney Company
2.8
2.8
2.8
Oracle Corporation
2.8
2.8
2.8
Cisco Systems Inc
2.8
2.8
2.8
Amazon.Com Inc
2.8
2.8
2.8
Hewlett-Packard Company
2.8
2.8
2.8
Sap
2.0
2.1
2.0
Kellogg Co
2.0
2.0
2.0
Nike Inc
2.0
2.0
2.0
Volkswagen
2.0
2.0
2.0
Facebook Inc
2.0
2.0
2.0
Pepsico Inc
1.9
1.9
1.9
Ebay Inc
1.9
1.9
1.9
United Parcel Service Inc
1.9
1.9
1.9
American Express Company
1.8
1.8
1.8
Lvmh Moet Hennessy Louis Vuitton
1.1
1.1
1.1
Daimler
4.7
4.7
4.7
Lvmh Moet Hennessy Louis Vuitton
0.4
1.1
1.1
CBLO/REPO/ADR
20.7
20.7
20.6
Cash
0.38
0.39
0.49
Equity
78.9
78.9
78.9
Cash/Others
21.1
21.1
21.1
No of Stocks
28
28
28
Average AUM (` Crore)
45
41
29
Fund Facts: A Closed-End Equity Scheme • Launch: Series-I, II & III – December 2014 • Plans: Regular & Direct • Options: Growth, Dividend Pay Out • Exit Load: Nil. For Product Labels,
please refer Page 2. Disclosures: Page 33.
www.sundarammutual.com
March 31, 2015
Page 22
Sundaram Mutual Fund
Sundaram Balanced Fund
Positioning:
Benchmark
Balanced Portfolio
CRISIL Balanced Fund Index
Average AUM
Portfolio
Security
Fund Manager: Shiv Chanani
He has experience of 12 years and is
managing this fund since January 2013.
Portfolio Stance: The fund now has a 7525% blend focusing towards equity. The
fixed income portion of the fund is
largely invested in corporate bonds with
an exposure of 22 percent; and 4.0
percent in government securities. Top
three sectors by allocation are Financial
Services, IT & Construction accounting
to 36.7% of the portfolio. The equity
portion of the fund now holds 35 stocks
in the portfolio.
Allocation (%)
Cash/Repo/Others
7.2
Corporate
Bonds
22.1
Government
Securities
3.8
Equity
66.9
Average Maturity of Portfolio:
Average Duration of Portfolio:
Portfolio YTM:
4.05 Years
2.89 Years
8.78%
Sector Profile (%)
21.0
Financial Services
Construction
8.0
IT
7.7
6.3
Automobile
5.5
Energy
Industrial Manufacturing
Consumer Goods
Others
4.1
3.0
11.3
33.1
Cash/FixedIncome
Weighted Average Market Cap:
Median Market Cap:
` 1,00,721 Crore
` 35,105 Crore
Weighted average market-cap and median market-cap
are based on the equity component of the portfolio
` 36 Crore
Weight
Equity Shares
66.9
Infosys
4.9
HDFC Bank
4.0
Larsen & Toubro
3.9
ICICI Bank
3.5
Yes Bank Limited
3.4
TATA Motors
3.2
Maruti Suzuki India
3.1
TCS
2.8
Reliance Industries
2.5
Tech Mahindra
2.4
State Bank of India
2.4
ITC
2.3
Bharti Airtel
2.2
Sun Pharmaceuticals
2.1
IRB Infrastructure
2.0
ONGC
1.6
Bank of Baroda
1.6
Gujarat Ambuja Cements 1.6
DCB
1.5
IL&FS Transportation 1.5
Power Grid Corporation 1.4
Hindalco Industries
1.3
IDFC
1.2
Arvind
1.1
Prestige Estates Projects 1.0
ING Vysya Bank
1.0
Brigade Enterprises
1.0
Alstom T & D India
1.0
Shriram Transport Fin. 0.9
India Cements
0.8
Godrej Industries
0.8
Tourism Finance Corp. 0.8
Rural Electrification
0.7
Cadila Healthcare
0.7
Crompton Greaves
0.7
Government Securities 3.8
8.05% GUJ SDL 25/02/25 2.8
6.35% G-Sec 02/01/20 1.0
Mutual Fund Units
5.5
Sundaram Money Fund
Direct Growth
5.5
Corporate Bonds
22.1
Power Finance Corp
11.6
Yes Bank
5.8
ING Vysya Bank
4.7
Reverse Repo/CBLO 0.9
Cash, Call & NCA
0.8
NAV: Regular-Growth: ` 65.0799
NAV: Direct-Growth: ` 65.8992
Performance Mar 15
Period
Since Inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Since Launch
Last 3 years
Last 5 years
Last 8 years
80000
70000
60000
50000
40000
30000
20000
10000
0 Jun-00
NAV Per
Unit (`)
Fund
(%)
Dividend: ` 14.4493
Dividend: ` 14.6674
Benchmark CNX
Excess
(%)
Nifty (%) points (%)
65.08
65.08
53.79
47.56
13.5
21.0
22.5
13.1
13.4
5.4
8.2
13.0
14.6
8.0
9.7
9.7
10.3
` 10,000 invested
65,080
14,427 15,032
14,677 15,918
20,962 21,997
12.6
26.7
18.0
7.3
17.0
10.1
10.5
-1.5
-0.3
-2.7
-1.6
-1.8
-0.7
57,676
16,034
16,176
22,219
Fund
Benchmark
CNX Nifty
Mar-15
Value of ` 1000-a-month SIP
Period
Investment
Since Inception Returns (%)
Since Inception
1,77,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund Benchmark CNX Nifty
13.68
12.06
13.5
12.6
12.3
12.8
15.3
8.3
9.1
8.7
8.0
9.7
10.1
13.0
14.6
17.0
17.0
17.9
22.2
21.0
22.5
26.7
Performance Analysis (Based on returns)
Fund
CNX 500
Mean
16.11
14.06
Standard Deviation
18.18
15.95
Beta
1.05
1.00
Sharpe Ratio
0.44
0.37
Sortino Ratio
0.65
0.53
Treynors Index
7.62
5.97
Alpha
1.73 Tracking Error
7.02
Correlation
0.92 Information Ratio
0.29
Past performance may or may not be sustained in future. Returns/investment value are as of March 31,
2015. Returns are on a compounded annual basis for period more than one year and absolute for one-year
period and computed using NAV of Regular Plan-Growth Option. Value of ` 10,000 invested at inception is
as on March 31, 2015 . SIP values are in rupees. Performance Analysis on annualised basis using month-end
NAVs since launch. The risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Dividend History: Refer page 32
Fund Facts: An open-end hybrid scheme • Launch: June 2000 • Bloomberg: SNDBALG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out, Dividend Sweep,
Dividend Re-Investment • Minimum Amount: ` 5,000 • SIP/STP: Weekly ` 1000, Monthly ` 250, Quarterly ` 750 Terms of offer: NAV Exit Load: 1% if redeemed within 12
months from date of allotment. * Portfolio Yield is computed only for the amount invested. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 23
Sundaram Mutual Fund
Sundaram Monthly Income Plan
Positioning:
Monthly Income Plan
Not an assured income scheme
Benchmark
CRISIL MIP Blended Index
Fund Managers:
Fixed Income - Dwijendra Srivatsava,
Siddharth Chaudhary and Sandeep Agarwal.
Equity - Shiv Chanani
Portfolio Stance: MIP- (Moderate): A large part of the portfolio
on the Fixed Income part is allocated to short tenor bonds and
money market instruments aiming at higher accrual income and
reaping profits from downward interest rate movement and
trading activity . We may trade actively in G-sec component in
the portfolio to take advantage volatile movements in yields.
MIP (Aggressive): The Fixed Income portion of the portfolio
will aim have accrual income apart from taking advantage of
downward movement in interest rates by taking exposure in
bonds. We may trade actively in G-sec component in the
portfolio to take advantage volatile movements in yields.
MIP (Conservative): The debt portion of the portfolio is
targeted at higher accruals apart from taking advantage of
downward movement in interest rates on Fixed income
portfolio. We may also actively trade in G-Sec component in
portfolio to take advantage of volatile movements in yield.
Aggressive Plan (Equity of up to 30%)
Moderate Plan (Equity of up to 20%)
Performance Mar 15
Performance Mar 15
Period
Regular
Since inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Since Inception
Last 3 years
Last 5 years
Since Inception
Last 3 years
Last 5 years
Fund
Benchmark
(%)
(%)
5.65
8.71
11.31
16.45
0.48
6.52
7.80
9.06
6.43
10.60
5.65
8.61
` 10,000 invested
13,209
15,265
12,057
13,528
13,166
15,114
CRISIL 10 Yr
GILT Index (%)
6.47
14.57
-0.96
11.25
8.08
6.23
13,738
12,624
13,528
Portfolio
Security
Equity
Kotak Mahindra Bank
Hindustan UniLever
Wipro
IDFC
Mahindra & Mahindra
Larsen & Toubro
Corporate Bonds
Aditya Birla Finance
IOT Utkal Energy Services
Export Import Bank of india
TATA Sons
L&T Housing Finance
Power Finance Corp.
Rural Electrification Corp.
Power Grid Corp. of india
IDFC
Bajaj Finance
Reverse Repo/CBLO
Cash, Call & NCA
Rating
AA+
AAA
AAA
AAA
AA+
AAA
AAA
AAA
AAA
AA+
Weight
1.3
0.3
0.2
0.2
0.2
0.2
0.2
93.6
15.6
13.5
12.4
11.7
11.6
11.2
10.8
5.0
1.0
0.8
0.6
4.5
Average Maturity of Portfolio: 4.00 Years
Average Duration of Portfolio: 3.20 Years
Portfolio YTM:
8.62%
Average AUM
` 51 Crore
NAV: Regular-Growth: ` 13.3803 Dividend-Monthly: ` 11.1654
NAV: Direct-Growth: ` 13.3803
Dividend-Monthly: ` —
Since Inception
Last 3 years
Last 5 years
Last 8 years
6.23
7.80
9.59
16.45
6.76
6.52
7.72
9.06
8.02
10.60
5.61
8.61
5.75
8.56
` 10,000 invested
19,686
23,197
12,603
13,528
13,142
15,114
15,647
19,295
5.03
14.57
-0.96
11.25
8.08
6.23
6.76
17,331
12,624
13,528
16,885
Portfolio
Portfolio
Security
Performance Mar 15
Since inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Last 8 years
Past performance may or may not be sustained in future. Returns/investment value are as
of March 31, 2015. Returns are on a compounded annual basis for period more than one year
and absolute for one-year period and computed using NAV of Regular Plan-Growth Option.
Value of ` 10,000 invested at inception is as on March 31, 2015.
Conservative Plan (Equity of up to 10%)
Period
Regular
Since inception
31/03/14 to 31/03/15
31/03/13 to 31/03/14
31/03/12 to 31/03/13
Last 3 years
Last 5 years
Fund Benchmark CRISIL 10 Yr
(%)
(%)
GILT Index (%)
8.24
8.71
6.47
22.49
16.45
14.57
5.05
6.52
-0.96
7.73
9.06
11.25
11.50
10.60
8.08
8.28
8.61
6.23
` 10,000 invested
14,936
15,265
13,738
13,863
13,528
12,624
14,887
15,114
13,528
Rating
Equity
Bajaj Finance
Wabcoia
Tata Communications
Indraprastha Gas
Karur Vysya Bank
Hindustan Sanitarywareus
Crompton Greaves
Castrolia
Mahindra CIE Automotive
Government Securities
8.83% G-Sec 25/11/23
GSEC
8.24% G-Sec 10/11/33
GSEC
Corporate Bonds
Power Grid Corp of India AAA
Shriram Transport Finance AA+
SBNPP Home Finance
AA
Kotak Mahindra Prime
AAA
Export Import Bank of indiaAAA
Power Finance Corp.
AAA
Reverse Repo/CBLO
Cash, Call & NCA
Weight
24.2
5.6
4.3
4.1
2.7
2.1
1.9
1.3
1.3
0.9
14.3
11.5
2.8
44.5
11.0
11.0
11.0
5.4
3.3
2.7
14.1
2.9
Average Maturity of Portfolio:
3.29Years
Average Duration of Portfolio: 2.31 Years
Portfolio YTM:
8.80%
Average AUM
` 21 Crore
NAV: Regular-Growth: ` 14.9357 Dividend-Monthly: ` 12.9632
NAV: Direct-Growth: ` 15.0578
Dividend-Monthly: ` —
Security
Rating
Equity
Kotak Mahindra Bank
Hindustan UniLever
Wipro
IDFC
ICICI Bank
Mahindra & Mahindra
Cadila Healthcare
Larsen & Toubro
Reliance Industries
Gujarat Ambuja Cements
Tata Steel
Government Securities
8.83% G-Sec 25/11/23
6.35% G-Sec 02/01/20
Corporate Bonds
Bajaj Finance
Power Grid Corp of India
LIC Housing Finance
Nabha Power
Zero Coupon Bond
Dewan Housing Fin Corp
Reverse Repo/CBLO
Cash, Call & NCA
GSEC
GSEC
AA+
AAA
AAA
AAA
AAA
Weight
22.6
2.8
2.7
2.5
2.3
2.2
2.1
2.0
2.0
1.8
1.3
0.9
21.4
20.8
0.6
38.0
15.9
9.9
7.1
5.1
13.9
13.9
1.6
2.6
Average Maturity of Portfolio: 3.50 Years
Average Duration of Portfolio: 2.57 Years
Portfolio YTM:
8.59%
Average AUM
` 26 Crore
NAV: Regular-Growth: ` 19.6863 Dividend-Monthly: ` 11.6627
NAV: Direct-Growth: ` 20.0582
Dividend-Monthly: ` 11.8357
Fund Facts: An open-end income scheme • Launch: January 2004 (Moderate Plan); March 2010 (Conservative Plan & Aggressive Plan) • Bloomberg: SUNMIFG IN • Plans: Regular & Direct Options:
Growth, Dividend Pay Out, Dividend Re-Investment (Monthly, Quarterly & Half Yearly), Bonus Option (wef: 14/12/12) • Minimum Amount: ` 5000 • SIP/STP: Weekly ` 1000 • Monthly ` 250 • Quarterly
` 750 • Terms of offer: NAV • Exit Load: Moderate Plan (w.e.f. 5th March 2013): 1% if redeemed within 9 months, Conservative Plans (wef: 14/05/14): 2.5% - If redeemed / switched-out within 12
months from the date of allotment, 2.0% - If redeemed / switched-out after 12 months but within 24 months from the date of allotment. NIL - If redeemed / switched-out after 24 months from the date of
allotment. Aggressive Plan: NIL (w.e.f. February 25, 2015) - If redeemed / switched-out after 24 months from the date of allotment. * Portfolio Yield is computed only for the amount invested • Ratings are
provided by CRISIL/CARE/Fitch/IND agencies • Dividend History: Please visit www.sundarammutual.com For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 24
Sundaram Mutual Fund
Sundaram Money Fund
Positioning:
Liquid Fund
Benchmark
CRISIL Liquid Fund Index
Fund Managers: Dwijendra Srivatsava and
Siddharth Chaudhary
No marked-to-market exposure
No exposure to real estate
Highest investment-grade papers
Portfolio
Portfolio Stance: A major part of the
portfolio is deployed in securities
maturing in two month. We intend to
keep maturities bucketed as the spread
from overnight remains narrow. We aim
to hold a judicious mix of money
markets securities and cash to take
advantage of relative pricing up to three
month segment.
Asset Allocation (%)
Commercial Paper
39.8
Certificate of Deposits
50.0
ReverseRepo/CBLO/FD
Sovereign
Cash, Call & NCA
18.4
1.5
-9.6
Average Maturity of Portfolio:
0.13 Years
Average Duration of Portfolio:
0.13 Years
Portfolio YTM:
8.92%
Rating Profile (%)
89.8
Highest Investment Grade
ReverseRepo/CBLO/FD
Sovereign
18.4
1.5
Cash, Call & NCA -9.6
Exposure is usually taken only in securities with the
highest investment grade rating at the time of investment.
Security
Rating
Commercial Paper
Edelweiss Financial Services
Dewan Housing Fin Corp
National Fertilizers
ICICI Securities
Tata Capital Financial
Kotak Mahindra Investments
Birla Tmt Holdings Private
Axis Finance
Hero Fincorp
Family Credit
Tata Capital
National Engineering
HDFC
ECL Finance Limited
Certificate of Deposits
IDBI Bank
Axis Bank
Union Bank of India
Indian Bank
IndusInd Bank
Canara Bank
Punjab and Sind Bank
Bank of Baroda
Bank of Baroda
Punjab National Bank
South Indian Bank
Allahabad Bank
Andhra Bank
Standard Chartered Bank
Oriental Bank of Commerce
Fixed Deposits
Karur Vysya Bank
Allahabad Bank
Indian Bank
Treasury Bills
91 Days - T Bill 11/06/15
91 Days - T Bill 22/05/15
Reverse Repo/CBLO
Cash, Call & NCA
Average AUM
Near-Term Performance Mar 15
Period
Fund
(%)
Regular
Last 7 days
Last 15 days
Last 1 month
Benchmark CRISIL 91 Days
(%)
T-Bill Index (%)
10.1
9.3
8.9
13.6
10.4
10.1
12.9
10.2
9.1
Weight
39.8
A1+
10.8
A1+
10.8
A1+
2.7
A1+
2.7
A1+
2.7
A1+
2.0
A1+
1.4
A1+
1.4
A1+
1.4
A1+
1.4
A1+
0.9
A1+
0.8
A1+
0.7
A1+
0.1
50.0
A1+
10.2
A1+
6.8
A1+
6.0
A1+
5.4
A1+
4.4
A1+
4.1
A1+
3.4
A1+
2.9
A1+
2.7
A1+
1.4
A1+
0.7
A1+
0.7
A1+
0.7
A1+
0.7
A1+
0.2
16.4
FD
5.5
FD
5.5
FD
5.5
1.5
Sovereign 1.5
Sovereign 0.0
1.9
-9.6
` 5,119 Crore
Long-Term Track Record Mar 15
Period
Fund
(%)
Benchmark CRISIL 91 Days
(%)
T-Bill Index (%)
Regular
Since inception
7.9
7.4
6.2
31/03/14 to 31/03/15
9.0
9.0
8.8
31/03/13 to 31/03/14
9.4
9.5
8.7
31/03/12 to 31/03/13
9.3
8.2
8.5
Last 3 years
9.2
8.9
8.7
Last 5 years
8.7
8.3
7.4
Last 8 years
8.1
7.7
6.4
` 10,000 invested
Since inception
20,344 19,493
17,549
Last 3 Years
13,034 12,913
12,827
Last 5 Years
15,203 14,873
14,303
Last 8 Years
18,627 18,046
16,394
Past performance may or may not be
sustained in future. Returns/investment
value are as of March 31, 2015. Returns are
on a compounded annual basis for period
more than one year and simple annualised
basis for upto one-year period and computed
using NAV of Regular Plan-Growth Option.
Value of ` 10,000 invested at inception is as
on March 31, 2015.
NAV of Growth Option
Date
Regular
Direct
31/03/15
29.48
29.5168
31/03/14
27.0503
27.0669
31/03/13
24.7318
24.7150
Fund Facts: An open-end liquid scheme • Launch: March 2000 • Bloomberg: SNDMONA IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out (Monthly),
Dividend Reinvestment (Daily, Weekly, Fortnightly, Monthly & Quarterly), Bonus Option (wef: 14/12/12) • Minimum Amount: ` 1,000/- • Terms of offer: NAV • Exit Load:
Nil * Portfolio Yield is computed only for the amount invested • Ratings are provided by CRISIL/CARE/Fitch/IND agencies • Dividend History: Please visit
www.sundarammutual.com For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 25
Sundaram Mutual Fund
Sundaram Ultra Short-Term Fund
Benchmark
Portfolio
Income Fund
Positioning:
CRISIL Liquid Fund Index
Fund Managers: Dwijendra Srivatsava and
Siddharth Chaudhary
Portfolio Stance: A major part of the
portfolio is deployed in liquid money
market securities having maturities up to
three months. In addition to this we
intend to increase duration by adding
longer maturity securities .We intend
hold a judicious mix of money market
securities and cash to take advantage of
relative pricing in money market
segment.
Asset Allocation (%)
Commercial Paper
80.5
Corporate Bonds
16.4
ReverseRepo/CBLO/FD
13.8
Cash, Call & NCA
-10.8
Average Maturity of Portfolio:
0.56 Years
Average Duration of Portfolio:
0.52 Years
Portfolio YTM:
8.43%
Rating Profile (%)
Highest Investment Grade
High Investment Grade
ReverseRepo/CBLO/FD
86.9
10.0
13.8
Security
Commercial Paper
STCI Finance
Religare Finvest
Rashtriya Ispat Nigam
Edelweiss Commodities
Infina Finance
Tata Capital Financial
Religare Securities
Turqoise Invest & Finance
Fullerton India Credit
Religare Finvest
Certificate of Deposits
Punjab and Sind Bank
Canara Bank
Corp. Bank
IndusInd Bank
EXIM Bank of India
IDBI Bank
Vijaya Bank
Development Credit Bank
Bank of India
Fixed Deposits
Allahabad Bank
Indian Bank
Dena Bank
Indian Overseas Bank
Corporate Bonds
Sesa Sterlite
Cholamandalam Invest & Fin
Rural Electrification Corp.
TATA Capital Financial
Dewan Housing Fin Corp
Sundaram Finance
Power Grid Corp. of India
LIC Housing Finance
Bajaj Finance
Power Finance Corp.
Indiabulls Financial
Cholamandalam Invest & Fin
Shriram Transport Finance
Shriram Transport Finance
ING Vysya Bank
HDFC
Zero Coupon Bond
Dewan Housing Fin Corp
Reverse Repo/CBLO
Cash, Call & NCA
Near-Term Performance Mar 15
Rating
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
A1+
FD
FD
FD
FD
AA+
AA
AAA
AA+
AAA
AA+
AAA
AAA
AA+
AAA
AAA
AA
AA
AA+
AA
AAA
AAA
Weight
28.1
6.7
5.2
5.1
2.6
2.6
2.6
1.3
1.3
0.5
0.3
52.4
23.2
14.2
3.9
3.7
2.4
2.4
1.2
1.2
0.3
13.5
6.6
5.2
1.2
0.5
15.9
2.9
2.6
1.3
1.3
1.3
1.3
1.0
0.8
0.8
0.7
0.5
0.4
0.3
0.3
0.1
0.1
0.6
0.6
0.4
-10.8
Cash, Call & NCA -10.8
Average AUM
` 940 Crore
Period
Fund
(%)
Regular
Last 7 days
Last 15 days
Last 1 month
Benchmark CRISIL 91 Days
(%)
T-Bill Index (%)
16.0
11.4
10.3
13.6
10.4
10.1
12.9
10.2
9.1
Long-Term Track Record Mar 15
Period
Fund
(%)
Benchmark CRISIL 91 Days
(%)
T-Bill Index (%)
Regular
Since inception
8.52
7.60
31/03/14 to 31/03/15 8.95
8.98
31/03/13 to 31/03/14 9.98
9.54
31/03/12 to 31/03/13 9.80
8.17
Last 3 years
9.6
8.9
Last 5 years
9.0
8.3
` 10,000 invested
Since inception
19,144 17,897
Last 3 Years
13,157 12,913
Last 5 Years
15,417 14,873
6.4
8.8
8.7
8.5
8.7
7.4
16,350
12,827
14,303
Past performance may or may not be
sustained in future. Returns/investment
value are as of March 31, 2015. Returns are
on a compounded annual basis for period
more than one year and simple annualised
basis for upto one-year period and computed
using NAV of Regular Plan-Growth Option.
Value of ` 10,000 invested at inception is as
on March 31, 2015.
NAV of Growth Option
Date
Regular
Direct
31/03/15
19.1436
19.3091
31/03/14
17.5716
17.6368
31/03/13
15.9764
15.9796
Fund Facts: An open-end income scheme • Launch: April 2007 • Bloomberg: SNDLPRG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out (Weekly, Fortnightly,
Monthly & Quarterly) & Dividend Reinvestment (Daily, Weekly, Fortnightly, Monthly & Quarterly), Bonus Option (wef: 14/12/12) • Minimum Amount: ` 1000 • SIP/STP:
Weekly ` 1000 • Monthly ` 1000 • Quarterly ` 3000; • Terms of offer: NAV • Exit Load: Nil.* Portfolio Yield is computed only for the amount invested • Ratings are provided by
CRISIL/CARE/Fitch/IND agencies • Dividend History: Please visit www.sundarammutual.com For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 26
Sundaram Mutual Fund
Sundaram Bond Saver
Portfolio
Positioning: Medium-term Fixed Income
Benchmark CRISIL Composite Bond Fund Index
Security
Performance Mar 15
Rating
Weight
Government Securities
81.2
8.83% G-Sec 25/11/23
14.6
8.24% G-Sec 10/11/33
13.8
8.24% G-Sec 15/02/27
10.5
8.17% G-Sec 01/12/44
8.0
8.28% G-Sec 21/09/27
7.4
9.23% G-Sec 23/12/43
5.9
9.20% G-Sec 30/09/30
5.7
8.05% GUJ SDL 25/02/25
5.6
9.60% MAHA SDL 14/08/23
2.8
8.88% AP SDL 16/10/24
2.7
Reverse Repo/ CBLO/FD 0.8
8.15% G-Sec 24/11/26
2.6
Average Maturity of Portfolio: 14.20 Years
8.43% MAHA SDL 12/11/24
1.8
Average Duration of Portfolio:
6.83% G-Sec 19/01/39
0.0
Fund Managers: Dwijendra Srivatsava and
Sandeep Agarwal
Portfolio Stance: We have largely
maintained the duration on of the fund
high. Currently we expect to hold the
duration for around current levels for
some months. The allocation to bonds in
portfolio is meant to add value over the
sovereign curve.
Asset Allocation (%)
Sovereign
Corporate Bonds
81.2
16.0
Cash, Call & NCA 2.0
7.6 Years
Portfolio YTM:
Fund
(%)
Period
Benchmark CRISIL 10 Yr
(%)
GILT Index (%)
Regular
Since inception
8.35
31/03/14 to 31/03/15 13.66 14.59
31/03/13 to 31/03/14 3.65 4.39
31/03/12 to 31/03/13 11.13 9.24
Last 3 years
9.40 9.33
Last 5 years
8.06 8.13
Last 8 years
7.28 7.70
` 10,000 invested
Since Inception
39,992
Last 3 years
13,092 13,067
Last 5 years
14,735 14,783
Last 8 years
17,553 18,109
14.57
-0.96
11.25
8.08
6.23
6.76
12,624
13,528
16,885
Past performance may or may not be
sustained in future. Returns/investment value
are as of March 31, 2015.. Returns are on a
compounded annual basis for period more
than one year and absolute for one-year period
and computed using NAV of Regular PlanGrowth Option. Value of ` 10,000 invested at
inception is as on March 31, 2015.
7.98%
Corporate Bonds
Rating Profile (%)
Sovereign
Highest Investment Grade
81.2
13.4
High Investment Grade 2.6
Cash, Call & NCA 2.0
ReverseRepo/CBLO/FD 0.8
16.0
Export Import Bank of india AAA
5.5
Power Finance Corp.
AAA
2.7
TATA Sons
AAA
2.7
North Eastern Electric Power AA-
2.6
Hindalco Industries.
2.6
AA
NAV of Growth Option
Exposure is usually taken only in securities with the
highest investment grade rating at the time of investment.
Reverse Repo/CBLO
0.8
Cash, Call & NCA
2.0
Average AUM
` 200 Crore
Date
Regular
Direct
31/03/15
39.992
41.0280
31/03/14
35.1863
35.7531
31/03/13
33.9472
33.9764
Fund Facts: An open-end fixed income scheme • Launch: December 1997 • Bloomberg: SUNBONA IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out &
Dividend Re-Investment (Quarterly, Half Yearly & Annual), Bonus Option • Minimum Amount: ` 5000 • Terms of offer: NAV •* Portfolio Yield is computed only for the amount
invested Exit Load: 1% if redeemed within one year from the date of allotment. (w.e.f August 24, 2012) Please visit www.sundarammutual.com For Product Labels, please
refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 27
Sundaram Mutual Fund
Sundaram Gilt Fund
Positioning:
Portfolio
An open end Gilt Fund
Benchmark
I-Sec MIBEX
Fund Managers: Dwijendra Srivatsava and
Sandeep Agarwal
Portfolio Stance: We have allocated
funds to Government securities and part
cash pending allocation to long dated
securities. We may trade actively in Gsec component in the portfolio to take
advantage volatile movements in yields.
NAV of Growth Option
Date
Regular
Direct
31/03/15
23.6668
23.8394
31/03/14
21.0125
21.0789
31/03/13
17.8457
17.8460
Security
Performance Mar 15
Rating
Government Securities
Weight
Period
94.9
8.24% G-Sec 10/11/33
GSEC
26.6
8.83% G-Sec 25/11/23
GSEC
21.6
8.05% GUJ SDL 25/02/25
GSEC
11.7
8.28% G-Sec 21/09/27
GSEC
11.6
8.17 % G-Sec 01/12/44
GSEC
10.6
8.07% TN SDL 11/02/25
GSEC
10.2
8.43% MAHA SDL 12/11/24 GSEC
2.5
Reverse Repo/CBLO
2.9
Cash, Call & NCA
2.2
` 49 Crore
Average AUM
Average Maturity of Portfolio: 14.20 Years
Average Duration of Portfolio: 7.64 Years
Portfolio YTM:
7.91%
Fund
(%)
Benchmark
(%)
CRISIL 10 Yr
GILT Index (%)
Regular
Since inception
6.38
31/03/14 to 31/03/15 12.63 14.37
14.57
31/03/13 to 31/03/14 17.75
5.10
-0.96
31/03/12 to 31/03/13 13.97 10.99
11.25
Last 3 years
14.76 10.08
8.08
Last 5 years
9.69
8.68
6.23
Last 8 years
7.28
8.54
6.76
` 10,000 invested
Since Inception
23,667
Last 3 years
15,115 13,340
12,624
Last 5 years
15,883 15,163
13,528
Last 8 years
17,548 19,267
16,885
Past performance may or may not be sustained in future.
Returns/investment value are as of March 31, 2015. Returns are on a
compounded annual basis for period more than one year and absolute for oneyear period and computed using NAV of Regular Plan-Growth Option. Value
of ` 10,000 invested at inception is as on March 31, 2015.
Fund Facts: An open-end fixed income scheme • Launch: May 2001• Plans: Regular & Direct • Options: Growth, Dividend Pay Out & Dividend Re-Investment, Bonus Option • Minimum Amount: ` 5000 • Terms of
offer: NAV • Exit Load: Nil • Ratings are provided by CRISIL/CARE/Fitch/IND agencies • Dividend History: Please visit www.sundarammutual.com.* Portfolio Yield is computed only for the amount invested
For Product Labels, please refer Page 2. Disclosures: Page 33
Sundaram Income Plus
Positioning: An open end Income Fund
Benchmark CRISIL Composite Bond Fund Index
Fund Manager: Sandeep Agarwal
Portfolio
Security
Performance Mar 15
Rating
Certificate of Deposits
Portfolio Stance: We have allocated
funds to high credit quality bonds, money
market securities and cash. We may trade
actively in G-sec component in the
portfolio to take advantage volatile
movements in yields.
Weight
47.2
Canara Bank
A1+
23.6
Vijaya Bank
A1+
23.6
Axis Bank
A1+
0.1
Corporate Bonds
52.8
Dewan Housing Fin Corp
AAA
14.4
Talwandi Sabo Power
AA+
11.3
Indiabulls Financial Services AAA
10.2
TATA Motors Finance
AA
9.9
TATA Motors
AA+
7.1
Reverse Repo/CBLO
NAV of Growth Option
Date
Regular
Direct
31/03/15
20.5600
20.5637
31/03/14
18.5013
-
31/03/13
16.9306
-
Period
Fund
(%)
Benchmark
(%)
Regular
Since inception
5.85
6.67
31/03/14 to 31/03/15 11.13 14.59
31/03/13 to 31/03/14 9.28
4.39
31/03/12 to 31/03/13 8.13
9.24
Last 3 years
9.50
9.33
Last 5 years
7.21
8.13
Last 8 years
6.03
7.70
` 10,000 invested
Since Inception
20,560 22,672
Last 3 years
13,131 13,067
Last 5 years
14,166 14,783
Last 8 years
15,977 18,109
CRISIL 10 Yr
GILT Index (%)
6.30
14.57
-0.96
11.25
8.08
6.23
6.76
21,689
12,624
13,528
16,885
1.2
Cash, Call & NCA
-1.3
Average AUM
Average Maturity of Portfolio:
Average Duration of Portfolio:
Portfolio YTM:
` 93 Crore
0.99Years
0.90 Years
8.75%
Past performance may or may not be
sustained in future. Returns/investment value
are as of March 31, 2015. Returns are on a
compounded annual basis for period more
than one year and absolute for one-year period
and computed using NAV of Regular PlanGrowth Option. Value of ` 10,000 invested at
inception is as on March 31, 2015.
Fund Facts: An open-end fixed income scheme • Launch: July 2002• Plans: Regular & Direct • Options: Growth, Dividend Pay Out & Dividend Re-Investment, Bonus Option
• Minimum Amount: ` 5000 • Terms of offer: NAV • Exit Load: NIL (w.e.f. February 25, 2015) • Ratings are provided by CRISIL/CARE/Fitch/IND agencies • Dividend History:
Please visit www.sundarammutual.com.* Portfolio Yield is computed only for the amount invested For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 28
Sundaram Mutual Fund
Sundaram Flexible Fund Short-Term Plan
Positioning:
Portfolio
Income Fund
Benchmark CRISIL Short-Term Bond Fund Index
Fund Managers: Dwijendra Srivatsava and
Siddharth Chaudhary
Portfolio Stance: The major part of fund is invested in
two to three months liquid bank CD’s. We may alter
duration of the fund take advantage of short term trading
opportunities available in markets to generate extra return
over portfolio yield. The fund aims to generate a suitable
return over three month horizon by deploying assets in a
judicious mix of MTM Securities and accrual assets.
Asset Allocation (%)
Certificate of Deposits
100.8
ReverseRepo/CBLO/FD 0.5
Cash, Call & NCA -1.4
Rating Profile (%)
Performance Mar 15
Security
Rating
Certificate of Deposits
Weight
100.8
Canara Bank
A1+
28.5
Corporation Bank
A1+
24.1
Vijaya Bank
A1+
12.7
Andhra Bank
A1+
9.7
Indian Bank
A1+
7.4
IDBI Bank
A1+
7.1
EXIM Bank of india
A1+
6.4
IndusInd Bank
A1+
3.2
Punjab and Sind Bank
A1+
1.6
Reverse Repo/CBLO
Highest Investment Grade
100.8
Cash, Call & NCA -1.4
Benchmark CRISIL 1 Yr
(%)
T-Bill Index (%)
Regular
8.01
7.49
5.97
Since inception
31/03/14 to 31/03/15 9.16 10.32
8.74
31/03/13 to 31/03/14 8.81
8.86
5.84
31/03/12 to 31/03/13 9.85
9.05
8.33
9.27
9.41
7.63
Last 3 years
Last 5 years
8.59
8.31
6.65
Last 8 years
8.48
8.25
6.29
` 10,000 invested
Since Inception
22,032 20,981
14,182
Last 3 years
13,047 13,097
12,468
Last 5 years
15,103 14,907
13,803
Last 8 years
19,187 18,861
16,301
Past performance may or may not be sustained in future.
Returns/investment value are as of March 31, 2015. Returns are on a
compounded annual basis for period more than one year and absolute for
one-year period and computed using NAV of Regular Plan-Growth Option.
Value of ` 10,000 invested at inception is as on March 31, 2015.
0.5
Cash, Call & NCA
-1.4
Average AUM
` 1,455 Crore
Average Maturity of Portfolio: 0.94 Years
Average Duration of Portfolio: 0.94 Years
Portfolio YTM:
8.26%
ReverseRepo/CBLO/FD 0.5
Fund
(%)
Period
NAV of Growth Option
Date
31/03/15
31/03/14
31/03/13
Regular
22.0322
20.1976
18.5492
Direct
22.0897
20.2439
18.5514
Sundaram Flexible Fund Flexible Income Plan
Positioning:
Portfolio
Income Fund
Benchmark CRISIL Composite Bond Fund Index
Fund Managers: Dwijendra Srivatsava and
Sandeep Agarwal
Portfolio Stance: We have allocated
funds to high credit quality bonds and
cash. We may trade actively in bond
component in the portfolio to take
advantage volatile movements in yields.
NAV of Growth Option
Date
Regular
Direct
31/03/15
19.4427
19.4974
31/03/14
16.7616
16.7836
31/03/13
16.6995
-
Asset Allocation (%)
Corporate Bonds
Certificate of Deposits 1.4
ReverseRepo/CBLO/FD 2.0
Cash, Call & NCA 4.2
Security
Performance Mar 15
Rating
Certificate of Deposits
ICICI Bank
Corporate Bonds
Export Import Bank of india
Power Grid Corp. of india
Power Finance Corp.
Rural Electrification Corp.
Indian Railway Finance Corp.
Reliance Utilities and Power
Reliance Ports and Terminals
TATA Sons
Reverse Repo/CBLO
Cash, Call & NCA
A1+
AAA
AAA
AAA
AAA
AAA
AAA
AAA
AAA
Weight
1.4
1.4
92.4
16.5
15.1
15.1
12.0
10.7
8.7
8.6
5.8
2.0
4.2
Average AUM
` 346 Crore
Average Maturity of Portfolio: 7.76 Years
Average Duration of Portfolio: 5.19 Years
Portfolio YTM:
8.42%
Rating Profile (%)
92.4
Highest Investment Grade
Reverse Repo/ CBLO/FD 2.0
Cash, Call & NCA 4.2
Period
Fund
(%)
Benchmark
(%)
Regular
Since inception
6.70
6.83
31/03/14 to 31/03/15 16.08 14.59
31/03/13 to 31/03/14 0.30
4.39
31/03/12 to 31/03/13 8.91
9.24
Last 3 years
8.24
9.33
Last 5 years
7.18
8.13
Last 8 years
7.01
7.70
` 10,000 invested
Since Inception
19,443 19,684
Last 3 years
12,680 13,067
Last 5 years
14,144 14,783
Last 8 years
17,200 18,109
CRISIL 10 Yr
GILT Index (%)
5.32
14.57
-0.96
11.25
8.08
6.23
6.76
13,667
12,624
13,528
16,885
Past performance may or may not be sustained in
future. Returns/investment value are as of March 31,
93.8
2015. Returns are on a compounded annual basis for
period more than one year and absolute for one-year
period and computed using NAV of Regular PlanGrowth Option. Value of ` 10,000 invested at
inception is as on March 31, 2015.
Fund Facts-Flexible Fund Short-Term Plan: An open-end income scheme • Launch: December 2004 • Bloomberg: SUNFSRG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out (Monthly) & Dividend ReInvestment (Daily, Weekly & Monthly), Bonus Option (wef: 14/12/12) • Minimum Amount: ` 5,000 • SIP/STP (into the scheme): Weekly ` 1000 • Monthly ` 250 • Quarterly ` 750 • Terms of offer: NAV • Exit Load: Nil
(w.e.f.16/04/2013). • Ratings are provided by CRISIL/CARE/Fitch/IND agencies Fund Facts-Flexible Fund-Flexible Income Plan: An open-end income scheme • Launch: December 2004 • Bloomberg: SNDLPRG IN • Plans:
Regular & Direct Options: Growth, Dividend Pay Out & Dividend Re-Investment (Monthly, Quarterly, Half Yearly & Annual), Bonus Option (wef: 14/12/12) • Minimum Amount: ` 5000 * Portfolio Yield is computed only
for the amount invested• Terms of offer: NAV • Exit Load: Nil (W.e.f. May 10, 2013) • Dividend History: Please visit www.sundarammutual.com For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 29
Sundaram Mutual Fund
Sundaram Select Debt Short Term Asset Plan
Positioning:
Portfolio
Short-term Fixed Income
Performance Mar 15
Fund Managers: Dwijendra Srivatsava and
Sandeep Agarwal
Portfolio Stance: We have allocated funds
to high credit quality corporate bonds,
government securities, money market
securities and cash. We may trade actively
in G-sec component in the portfolio to take
advantage volatile movements in yields.
Asset Allocation (%)
Corporate Bonds
64.4
Commercial paper 2.8
Certificate of Deposits
11.7
Sovereign
19.8
Reverse Repo/CBLO/FD 0.4
Cash, Call & NCA 1.0
Average Maturity of Portfolio:
4.49 Years
Average Duration of Portfolio:
2.94 Years
Portfolio YTM:
8.64%
Rating Profile (%)
Highest Investment Grade
High Investment Grade
47.1
31.7
ReverseRepo/CBLO/FD 0.4
Sovereign
19.8
Cash, Call & NCA 1.0
Fund
(%)
Period
CRISIL Liquid Fund Index
Benchmark
Security
Rating
Commercial Paper
STCI Finance
Certificate of Deposits
Canara Bank
IndusInd Bank
Government Securities
8.83% G-Sec 25/11/23
9.20% G-Sec 30/09/30
8.24% G-Sec 10/11/33
8.28% G-Sec21/09/27
8.40 %G-Sec 28/07/24
8.15% G-Sec 24/11/26
8.07% TN SDL 11/02/25
8.05% GUJ SDL 25/02/25
8.88% AP SDL 16/10/24
Corporate Bonds
Dewan Housing Fin Corp
Shriram Transport Finance
Sesa Sterlite
Power Finance Corp.
North Eastern Electric Power
TATA Motors Finance
Cholamandalam Invest & Fin
LIC Housing Finance
Rural Electrification Corp.
Power Grid Corp. of india
Aditya Birla Finance
Talwandi Sabo Power
Reliance Jio Infocomm
HDFC
TATA Motors
Nuclear Power Corp. of India
LIC Housing Finance
Nabha Power
Axis Bank
HUDCO
SBNPP Home Finance
Reverse Repo/CBLO
Cash, Call & NCA
Average AUM
A1+
A1+
A1+
GSEC
GSEC
GSEC
GSEC
GSEC
GSEC
GSEC
GSEC
GSEC
AAA
AA+
AA+
AAA
AAAA
AA
AAA
AAA
AAA
AA+
AA+
AAA
AAA
AA+
AAA
AAA
AAA
AAA
AA+
AA
Weight
2.8
2.8
11.7
9.0
2.7
19.8
3.2
2.6
2.5
2.5
2.4
2.4
2.3
1.2
0.6
64.4
10.7
6.4
4.7
4.4
4.2
4.1
4.1
3.6
3.4
3.0
2.9
2.9
2.3
1.6
1.5
1.2
1.2
0.8
0.6
0.6
0.4
0.4
1.0
Benchmark CRISIL 1 Yr
(%)
T-Bill Index (%)
Regular
Since inception
7.27
6.67
5.73
31/03/14 to 31/03/15 10.22
8.98
8.74
31/03/13 to 31/03/14 9.34
9.54
5.84
31/03/12 to 31/03/13 11.08
8.17
8.33
Last 3 years
10.21
8.90
7.63
Last 5 years
9.73
8.26
6.65
Last 8 years
7.96
7.65
6.29
` 10,000 invested
Since Inception
24,186 22,522
20,151
Last 3 years
13,387 12,913
12,468
Last 5 years
15,914 14,873
13,803
Last 8 years
18,462 18,046
16,301
Past performance may or may not be sustained in future.
Returns/investment value are as of March 31, 2015. Returns
are on a compounded annual basis for period more than one
year and absolute for one-year period and and computed using
NAV of Regular Plan-Growth Option. Value of ` 10,000
invested at inception is as on March 31, 2015.
NAV of Growth Option
Date
31/03/15
31/03/14
31/03/13
Regular
24.1855
21.9581
20.0690
Direct
24.5505
22.0954
20.0690
` 940 Crore
Fund Facts: An open-end fixed income scheme • Launch: September 2002 • Bloomberg: SNDSTAG IN • Plans: Regular & Direct • Options: Growth, Dividend Pay Out & Dividend Re-Investment (Quarterly, Half Yearly
& Annual), Bonus Option • Minimum Amount: ` 5000 • Terms of offer: NAV • Exit Load: Nil (w.e.f. September 30, 2014) • Ratings are provided by CRISIL/CARE/Fitch/IND agencies • Dividend History: Please visit
www.sundarammutual.com.* Portfolio Yield is computed only for the amount invested For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 30
Sundaram Mutual Fund
Portfolio other fixed-income funds
Sundaram Fixed Income Interval Fund Quarterly Series - Plan A
Treasury Bills
90.8
7.8
Reverse Repo/CBLO
1.5
Net Current Assets
Sundaram Fixed Income Interval Fund Quarterly Series - Plan B
Reverse Repo/CBLO
91.6
Net Current Assets
8.5
Sundaram Fixed Income Interval Fund Quarterly Series - Plan C
91.7
Reverse Repo/CBLO
Net Current Assets
8.3
Sundaram Fixed Income Interval Fund Quarterly Series - Plan D
Reverse Repo/CBLO
92.2
Net Current Assets
7.9
Sundaram Fixed Income Interval Fund Quarterly Series - Plan E
Treasury Bills
49.0
Reverse Repo/CBLO
46.5
Net Current Assets
4.6
Sundaram Fixed Term Plan GU
Debt Instruments
97.9
Reverse Repo/CBLO
0.6
Net Current Assets
1.5
Sundaram Fixed Term Plan GK
Debt Instruments
96.0
Reverse Repo/CBLO
0.9
Net Current Assets
3.1
Sundaram Fixed Term Plan GJ
Debt Instruments
94.9
Reverse Repo/CBLO
0.8
Net Current Assets
4.8
Sundaram Fixed Term Plan GG
Certificate of Deposits
69.6
Commercial Papers
30.0
Reverse Repo/CBLO
0.3
Net Current Assets
0.1
Sundaram Fixed Term Plan GE
Certificate of Deposits
80.3
Commercial Papers
19.6
Reverse Repo/CBLO
0.1
Net Current Assets
0.0
Sundaram Fixed Term Plan FM
Certificate of Deposits
79.8
Commercial Papers
19.2
Reverse Repo/CBLO
1.0
Net Current Assets
0.1
Sundaram Fixed Term Plan FL
Debt Instruments
94.3
Certificate of Deposits
1.9
Reverse Repo/CBLO
1.2
Net Current Assets
2.6
Sundaram Fixed Term Plan FI
Debt Instruments
19.9
Certificate of Deposits
79.8
Reverse Repo/CBLO
0.4
Net Current Assets
0.0
Sundaram Fixed Term Plan FD
Certificate of Deposits
99.8
Reverse Repo/CBLO
0.2
Net Current Assets
0.0
Sundaram Fixed Term Plan FA
Debt Instruments
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan EX
Debt Instruments
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan EU
Debt Instruments
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan ES
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan ER
Debt Instruments
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DZ
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DY
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DW
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DV
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DU
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DT
Debt Instruments
Sovereign
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DS
Debt Instruments
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DP
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
Sundaram Fixed Term Plan DO
Certificate of Deposits
Reverse Repo/CBLO
Net Current Assets
36.9
60.2
0.8
2.2
39.9
59.8
0.3
0.0
34.9
61.0
1.3
2.7
92.2
3.5
4.3
63.8
25.2
5.0
6.0
93.0
2.2
4.8
94.5
1.2
4.3
89.4
4.7
5.9
91.5
3.4
5.1
93.1
1.4
5.6
92.5
0.7
1.1
5.8
95.1
0.3
4.6
95.0
0.9
4.1
94.4
0.6
5.1
Sundaram Fixed Term Plan DD
Certificate of Deposits
99.1
Reverse Repo/CBLO
0.7
0.1
Net Current Assets
Sundaram Capital Protection Oriented
Fund - 5 years - Series 4
Equity
28.4
Debt Instruments
65.9
Certificate of Deposits
1.9
Reverse Repo/CBLO
0.8
3.0
Net Current Assets
Sundaram Capital Protection Oriented
Fund - 5 years - Series 3
Equity
28.4
Debt Instruments
67.7
Reverse Repo/CBLO
0.2
Net Current Assets
3.7
Sundaram Capital Protection Oriented
Fund - 5 years - Series 2
Equity
26.4
Debt Instruments
62.7
Certificate of Deposits
8.3
Reverse Repo/CBLO
1.9
Net Current Assets
0.7
Sundaram Capital Protection Oriented
Fund - 3 years - Series 9
Equity
19.3
Debt Instruments
71.3
Certificate of Deposits
5.3
Reverse Repo/CBLO
1.4
Net Current Assets
2.7
Sundaram Hybrid Fund - Series A
Equity
36.2
Debt Instruments
60.3
Reverse Repo/CBLO
0.6
Net Current Assets
2.9
Sundaram Hybrid Fund - Series C
Equity
34.2
Debt Instruments
61.5
Reverse Repo/CBLO
1.1
Net Current Assets
3.1
Sundaram Hybrid Fund - Series D
Equity
36.1
Debt Instruments
60.5
Reverse Repo/CBLO
1.0
Net Current Assets
2.4
Sundaram Hybrid Fund - Series F
Equity
35.9
Debt Instruments
59.1
Reverse Repo/CBLO
2.3
Net Current Assets
2.7
Sundaram Hybrid Fund - Series H
Equity
34.5
Debt Instruments
59.6
Reverse Repo/CBLO
2.0
Net Current Assets
3.9
Sundaram Hybrid Fund - Series K
Equity
35.7
Debt Instruments
59.1
Reverse Repo/CBLO
2.7
Net Current Assets
2.6
Allocation as a percentage of fund size.
www.sundarammutual.com
March 31, 2015
Page 31
Sundaram Mutual Fund
Dividend History Equity & Balanced Funds
Plan
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Direct
Regular
Direct
Plan
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Direct
Regular
Direct
Regular
Direct
Plan
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Plan
Regular
Sundaram Growth Fund
Record Date % ` per unit Record Date NAV
29/09/99 20.0 2.00
18.01
15/05/00 30.0 3.00
16.51
22/01/03 20.0 2.00
12.75
11/07/03 15.0 1.50
12.70
26/09/03 20.0 2.00
13.87
30/01/04 55.0 5.50
16.35
11/03/05 20.0 2.00
14.80
03/10/05 15.0 1.50
15.79
03/02/06 22.5 2.25
16.91
31/05/06 35.0 3.50
15.63
16/11/07 65.0 6.50
23.35
19/02/10 20.0 2.00
12.6986
25/04/14 15.0 1.50
13.9282
25/04/14 15.0 1.50
14.0192
25/03/15 40.3 4.03
15.7384
25/03/15 41.9 4.19
15.9634
Sundaram Select Mid Cap
Record Date % ` per unit Record Date NAV
27/06/03 25.0 2.50
12.9763
21/11/03 40.0 4.00
17.2790
27/02/04 35.0 3.50
14.3580
17/09/04 20.0 2.00
13.1843
18/02/05 20.0 2.00
15.0341
23/09/05 20.0 2.00
17.3439
17/02/06 25.0 2.50
20.0785
18/08/06 20.0 2.00
20.9924
27/10/06 40.0 4.00
21.0980
09/02/07 25.0 2.50
18.7821
24/04/09 10.0 1.00
11.5291
04/09/09 10.0 1.00
17.7666
20/11/09 15.0 1.50
18.7957
05/02/10 15.0 1.50
17.4552
12/11/10 20.0 2.00
21.3708
25/10/13 10.0 1.00
18.0130
25/10/13 10.0 1.00
18.0744
21/03/14 10.0 1.00
19.7068
21/03/14 10.0 1.00
19.7968
10/10/14 10.0 1.00
28.1509
10/10/14 10.0 1.00
28.4620
Sundaram Tax Saver
Record Date % ` per unit Record Date NAV
26/03/04 50.0 5.00
15.9938
28/01/05 50.0 5.00
18.1404
31/12/05 30.0 3.00
18.2146
03/03/06 30.0 3.00
19.6287
25/08/06 15.0 1.50
15.9708
08/12/06 25.0 2.50
17.5084
23/03/07 20.0 2.00
14.4832
28/12/07 30.0 3.00
22.0117
28/03/08 15.0 1.50
14.0348
18/09/09 10.0 1.00
14.8173
29/01/10 20.0 2.00
13.6615
19/03/10 10.0 1.00
12.0734
16/12/10 15.0 1.50
12.4542
09/05/14 5.0
0.50
12.4184
09/05/14 5.0
0.50
12.4583
19/09/14 5.0
0.50
15.0717
19/09/14 5.0
0.50
15.1522
26/12/14 5.0
0.50
15.1950
26/12/14 5.0
0.50
15.2920
13/03/15 5.0
0.50
15.6900
13/03/15 5.0
0.50
15.8056
Sundaram Balanced Fund
Record Date % ` per unit Record Date NAV
28/11/03 35.0 3.50
15.8144
Regular
Regular
Regular
Regular
Regular
Regular
18/03/05 42.5 4.25
16.1315
28/10/05 20.0 2.00
13.1592
14/12/07 30.0 3.00
22.4805
08/05/09 15.0 1.50
12.6517
11/09/09 10.0 1.00
15.2120
11/03/11 60.0 6.00
16.4776
Sundaram Select Focus
Plan Record Date % ` per unit Record Date NAV
Regular 20/06/03 20.0 2.00
12.50
Regular 12/09/03 25.0 2.50
14.15
Regular 20/08/04 40.0 4.00
14.79
Regular 04/03/05 20.0 2.00
14.68
Regular 27/01/06 20.0 2.00
18.79
Regular 02/06/06 50.0 5.00
18.2
Regular 24/11/06 35.0 3.50
16.33
Regular 30/11/07 65.0 6.50
21.73
Regular 26/03/10 20.0 2.00
12.92
Regular 10/12/10 20.0 2.00
12.03
Sundaram S.M.I.L.E Fund
Plan Record Date % ` per unit Record Date NAV
Regular 14/10/05 10.0 1.00
13.0045
Regular 10/03/06 10.0 1.00
15.5295
Regular 23/02/07 20.0 2.00
15.5046
Regular 07/12/07 60.0 6.00
23.8655
Regular 31/07/09 20.0 2.00
14.0713
Regular 26/03/10 30.0 3.00
14.9741
Regular 08/04/11 10.0 1.00
12.4419
Regular 02/05/14 10.0 1.00
13.3788
Direct 02/05/14 10.0 1.00
13.4810
Regular 14/11/14 10.0 1.00
20.6876
Direct 14/11/14 10.0 1.00
20.9305
Sundaram Financial Services Opportunities
Plan Record Date % ` per unit Record Date NAV
Regular 12/06/09 10.0 1.00
12.8580
Regular 06/11/09 20.0 2.00
14.0743
Regular 18/02/11 30.0 3.00
15.4510
Regular 25/04/14 15.0 1.50
13.1526
Direct 25/04/14 15.0 1.50
13.2483
Sundaram Entertainment Opportunities
Plan Record Date % ` per unit Record Date NAV
Regular 05/06/09 10.0 1.00
13.6534
Regular 12/03/10 20.0 2.00
13.7327
Sundaram Rural India
Plan Record Date % ` per unit Record Date NAV
Regular 17/11/06 10.0 1.00
11.4221
Regular 24/12/10 30.0 3.00
14.6803
Regular 02/05/14 10.0 1.00
13.1157
Direct 02/05/14 10.0 1.00
13.1832
Sundaram PSU Opportunities
Plan Record Date % ` per unit Record Date NAV
Regular 07/01/11 10.0 1.00
11.3935
Sundaram Equity Multiplier
Plan Record Date % ` per unit Record Date NAV
Regular 20/12/07 30.0 3.00
16.4246
Regular 02/05/14 10.0 1.00
12.6689
Direct 02/05/14 10.0 1.00
12.7558
Sundaram Global Advantage Fund
Plan Record Date % ` per unit Record Date NAV
Regular 31/05/13 10.40 1.0398
13.9118
Direct 31/05/13 4.05 0.4047
13.9784
Regular 28/11/14 10.0 1.00
13.6089
Direct 28/11/14 10.0 1.00
14.4304
Plan
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Regular
Direct
Plan
Regular
Direct
Plan
Regular
Direct
Sundaram Select Micro Cap
Record Date % ` per unit Record Date NAV
Series I
28/04/14 5.0
0.50
11.7346
28/04/14 5.0
0.50
11.7981
06/06/14 10.0 1.00
14.8620
06/06/14 10.0 1.00
14.9732
14/08/14 10.0 1.00
15.0027
14/08/14 10.0 1.00
15.1717
17/10/14 10.0
1.00
15.6212
17/10/14 10.0
1.00
15.857
05/12/14 15.0
1.50
17.2576
05/12/14 15.0
1.50
17.5761
13/02/15 5.0
0.50
17.0585
13/02/15 5.0
0.50
17.4601
Series II
28/04/14 5.0
0.50
11.7235
28/04/14 5.0
0.50
11.7732
06/06/14 10.0 1.00
14.8452
06/06/14 10.0 1.00
14.9380
14/08/14 10.0 1.00
14.9777
14/08/14 10.0 1.00
15.1266
17/10/14 10.0
1.00
15.5998
17/10/14 10.0
1.00
15.8131
05/12/14 15.0
1.50
17.2095
05/12/14 15.0
1.50
17.5008
13/02/15 5.0
0.50
16.9682
13/02/15 5.0
0.50
17.3393
Series III
23/05/14 5.0
0.50
13.9001
23/05/14 5.0
0.50
13.9624
06/06/14 10.0 1.00
14.6855
06/06/14 10.0 1.00
14.7634
14/08/14 10.0 1.00
14.7826
14/08/14 10.0 1.00
14.9148
17/10/14 10.0
1.00
15.3778
17/10/14 10.0
1.00
15.5716
05/12/14 15.0
1.50
16.8904
05/12/14 15.0
1.50
17.1571
13/02/15 5.0
0.50
16.6814
13/02/15 5.0
0.50
17.0259
Series IV
30/05/14 5.0
0.50
13.2421
30/05/14 5.0
0.50
13.2921
20/06/14 10.0 1.00
13.8867
20/06/14 10.0 1.00
13.9549
14/08/14 10.0 1.00
13.7889
14/08/14 10.0 1.00
13.8974
17/10/14 10.0
1.00
14.2447
17/10/14 10.0
1.00
14.4084
05/12/14 15.0
1.50
15.7595
05/12/14 15.0
1.50
15.9908
13/02/15 5.0
0.50
15.4627
13/02/15 5.0
0.50
15.7648
Series V
13/02/15 5.0
0.50
12.7304
13/02/15 5.0
0.50
12.8560
Sundaram Equity Plus
Record Date % ` per unit Record Date NAV
11/07/14 10.0 1.00
12.4341
11/07/14 10.0 1.00
12.5520
Sundaram TOP 100
Record Date % ` per unit Record Date NAV
Series I
12/12/14 5.0
0.50
11.5734
12/12/14 5.0
0.50
11.7027
Dividend is declared on the face value of ` 10 per unit. After declaration and payment of dividend (including re-investment), the ex-dividend NAV will decline to the extent of the dividend
payment. For dividend history of liquid/income funds, please visit www.sundarammutual.com. For Product Labels, please refer Page 2. Disclosures: Page 33
www.sundarammutual.com
March 31, 2015
Page 32
Sundaram Mutual Fund
Disclosures
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Past performance is no guarantee
of future result. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. There can be no assurance or guarantee that
fund's objectives will be achieved. NAV may go up or down, depending on the factors and forces affecting the securities market. The names of the schemes do not in
any manner indicate either quality or future prospects and returns.
For more details on fund-specific features, detailed risk factors and information on Sundaram
Asset Management, please read the Statement of Additional Information and Scheme
Information Document available at www.sundarammutual.com.
Specific to information in the Fact Sheet: Portfolio Attributes: For Sundaram Money Fund
and Sundaram Bond Saver, the portfolio attributes indicated are features that would normally
be adhered to. There could also be changes if there are significant shifts in underlying of the
fixed-income market. Disclaimer for dividend: Dividend is declared on the face value of ` 10
per unit. After declaration and payment of dividend (including re-investment), the ex-dividend
NAV will decline to the extent of the dividend payment. Exposure to derivatives: The value
indicated for derivatives represents the exposure to equity through to index futures, index
options, stock futures and stock options. The margin may be only a proportion of the exposure
and to the extent, it is lower, cash in the fund’s accounts will be higher. Portfolio Weights &
NAV: Stock and sector weights have been rounded to one-decimal place and so may not add
exactly to 100%. NAV information in this document is as on March 31, 2015 unless otherwise
specified. Returns are based on NAV as of March 31, 2015 Average AUM for month March
2015. Returns: As per the SEBI standards for performance reporting, “since inception” returns
are calculated based on ` 10 invested at inception of the funds. For this purpose the inception
date is deemed to be the date of allotment. Returns are computed using the NAV of Regular
Plan-Growth Option where a separate Dividend and Growth option is available from inception
and an adjusted-series of NAV for Sundaram Growth Fund and Sundaram Tax Saver for
dividends declared before separate Dividend & Growth Options were introduced. Returns for
period in excess of one year is on a compounded annual basis; the returns are net of fees and
expenses but before taking into effect of entry load. Returns to investors may be lower to the
extent of entry load and timing of investment in the fund. Returns are net of fees and
expenses. Past performance may or may not be sustained in future and the numbers should not
be used as a basis for comparison with other investments.
Performance Analysis are on an annualized basis as of March 31, 2015 Computation is based
on the month-end NAV of the fund, designated benchmark of the scheme and CNX Nifty. The
risk free rate is 8.0907% per annum based on the upper band of 10 year T-Bill yield.
Data Source: Bloomberg; Computation: In- house
Fund Features: Scheme Type, Investment Objective, Plans, Options, Entry Load and Exit Load
have been outlined in the respective fund-specific Fact Sheet pages. NAV will be published on
every business day.
Asset Allocation: Sundaram Growth Fund: • Equity and equity-related instruments
(including investment in derivatives): 80%-100% • Money market instruments up to 20% •
Exposure in derivative shall not exceed 50% of the net assets of the scheme • The Scheme may
invest up to 35 of the net assets in overseas securities. Sundaram Select Focus: • Equity and
equity-related instruments (including investment in derivatives): 75%-100% • Cash, cash
equivalents, money market instruments: Not exceeding 25% • Exposure in derivative shall not
exceed 50% of the net assets of the scheme • The Scheme may invest up to 35% of the net assets
in overseas securities. The scheme can at any time hold upto a maximum of 50 stocks.
Sundaram Select Mid Cap: • Equity and equity-related instruments (including investment in
derivatives): 75%-100% • Cash, cash equivalents, money market instruments: not exceeding
25% • Exposure in derivative shall not exceed 50% of the net assets of the scheme • The Scheme
may invest up to 35% of the net assets in overseas securities. Sundaram S.M.I.L.E Fund
(Small and Medium Indian Leading Equities): • Equity instruments – small-cap and mid-cap
stocks (including investments in derivatives): At least 65% • Other Equities (including
investment in derivatives): Not exceeding 35% • Money market instruments: Not exceeding
15% • Exposure in derivative shall not exceed 50% of the net assets of the scheme • The Scheme
may invest up to 35% of the net assets in overseas securities. Sundaram Tax Saver: • Equity
& equity-related instruments: 80%-100% • Corporate and PSU Bonds Up to 20% • Money
market instruments: Up to 20%. In conformity with GOI notification dated 28-Dec-1992 on
ELSS 1992, under normal circumstances, a minimum of 80% of the funds of this Scheme will
be invested in equities or equity related instruments. The balance portion would be invested in
debt and money market instruments. Sundaram Equity Multiplier: • Equity & equity-related
Instruments (including investment in derivatives): 65%-100% • Debt instruments including
securitised debt & Money Market Instruments: up to 35% (securitised debt up to a maximum
of 30%) • Exposure in derivative shall not exceed 50% of the net assets of the scheme. Select
Thematic Funds: Sundaram Infrastructure Advantage Fund: • Equity and Equity related
instruments of companies Engaged in Infrastructure sector (including investment in derivatives)
65% – 100% • Other Equities (Including investment in Derivatives) 0% - 35% • Fixed Income
Instruments issued by Companies engaged in Infrastructure Sector 0% – 35% • Money Market
Instruments 0% - 15% Sundaram Rural India Fund: • Equity & equity-related securities of
companies that are focusing on Rural India (including investment in derivatives): 70%-100% •
Other equities (including investment in derivatives): 0%-30% • Money market instruments 0%15% • Exposure in derivative shall not exceed 50% of the net assets of the scheme • The Scheme
may invest up to 35% of the net assets in overseas securities. The fund may also invest in equity
and equity-related instruments listed in overseas markets as well as overseas funds/ETFs that
invest in or track agri-commodity stocks. The scheme will not invest in funds/ETFs that have
direct exposure to commodities. Sundaram PSU Opportunities Fund: • Equity & equityrelated Instruments in the targeted theme (including investment in derivatives): 65%-100% •
Equity & equity-related Instruments other than the targeted theme (including investment in
derivatives): up to 35% • Fixed income/money market instruments: up to 35% • Exposure in
derivative shall not exceed 50% of the net assets of the scheme • The Scheme may invest up to
35% of the net assets in overseas securities. Sundaram Balanced Fund: • Equity and equityrelated instruments (including investment in derivatives): 40%-75% • Fixed Income
instruments: 25%-60%, Including securitised debt up to 10% • Exposure in derivative shall not
exceed 50% of the net assets of the scheme • The Scheme may invest up to 35% of the net
assets in overseas securities. Sundaram Global Advantage: Unit of mutual funds and
exchange-traded funds listed on overseas stock exchanges 85%-100%; Domestic Moneymarket instruments 0%-15%. Sundaram Equity Plus: • Equity & equity-related instruments
listed in India 65%-85% • Gold-ETF 15%-35% • Fixed Income & Money Market Instruments
0%-20%. Exposure to derivatives will be to 50% of the net asset value of the Scheme at the time
of transaction. Exposure to overseas securities shall also not exceed 35% of assets. The total
asset allocation including exposure to derivatives would not exceed 100% of the net assets of
the Scheme. Sundaram Select Micro Cap: • Equity & equity-related securities of micro-cap
companies: 65%-100% • Other equity & equity-related securities: 0%-35% • Fixed Income and
money market securities: 0%-35% Sundaram Top 100: • Equity securities specified as eligible
securities for RGESS: 95%-100% • Cash & Cash Equivalents and Money Market Instruments*:
0%-5% (*investment made in money market instruments shall have residual maturity of upto
91 days.) Sundaram Select Small Cap: Equity & equity-related securities of small-cap
companies 65% • 100% • Other equity & equity-related securities 0%-35% • Fixed Income and
money market securities 0%-35%. Sundaram World Brand Fund: Equity and Equity related
Instruments listed on recognized overseas stock exchanges across the world* 65%-100% •
Domestic Fixed Income and Money Market Instruments 0%-35% *The Scheme will not have
any exposure to equity and equity related securities issued by Indian securities and to
companies listed in stock exchange(s) in India. Sundaram Value Fund: Equity & Equity
related securities 80%-100% • Fixed Income and money market securities 0%-20%. Sector
Funds: Sundaram Financial Services Opportunities: • Equity and equity related instruments
of Indian companies engaged in Banking and Financial Services: 80%-100% • Other equities
0%-20% • Fixed Income and Money market instruments 0%-20% • Exposure in derivative shall
not exceed 50% of the net assets of the scheme Sundaram Entertainment Opportunities: •
Equity and equity related instruments of Indian companies engaged in Media and Entertainment
Sector: 80%-100% • Other equities 0%-20% • Fixed Income and Money market instruments
0%-20% • Exposure in derivative shall not exceed 50% of the net assets of the scheme
Sundaram Money Fund: •Money Market Investments, debt securities (including securitised
debt up to a maximum of 50% of the net asset value of the scheme) 0% - 100%. The scheme
shall invest in debt and money market securities with maturity of up to 91 days only. Sundaram
Ultra Short-Term Fund: • Money market securities and/ or debt securities with residual or
average maturity of less than or equal to 370 days or put options within a period not exceeding
370 days 70% - 100% • Debt securities which have residual or average maturity of more than
370 days 0% - 30% (Including Securitised Debt up to 30%). Sundaram Flexible Fund-Short
Term Plan: • Money Market Instruments (CDs, CPs, CBLO, REPO, MIBOR Instruments,
Debt Securities with initial maturity of less than one year/GOI Secs./Treasury Bills) 65%100% • Fixed Income Instruments Government of India & Corporate Debt Securities (including
Securitised Debt) 0%-35%. Sundaram Flexible Fund-Flexible Income Plan: Fixed Income
Instruments, Government of India & Corporate Debt Securities (including Securitised Debt)
65%-100% • Money Market Instruments like CPs, CBLO, REPO, MIBOR Instruments, Debt
Securities with initial maturity of less than one year/GOI Secs./Treasury Bills 0%-35%
Investment in securitised debt will be up to 35% of the net assets. Sundaram Bond Saver: •
Debt instruments 65%-100% • Money market instruments 0%-40%. Sundaram Monthly
Income Plan: Conservative Plan: • Government Securities 90%-100% • Debt Securities,
Money Market instruments & Cash (Including money at Call, other than securitised debt) 90%100% • Equity & Equity related securities 0%-10% • Investment in Securitised Debt will be up
to 75% of the net assets of the Plan. Moderate Plan: • Government securities 80%-100% •
Debt Securities, Money Market instruments & Cash (Including money at Call, other than
securitised debt) 80%-100% • Equity and equity-related securities 0%-20%. • Investment in
Securitised Debt will be up to 75% of the net assets of the Plan. Aggressive Plan: • Government
securities 70%-100% • Debt Securities, Money Market instruments & Cash (Including money
at Call, other than securitised debt) 70%-100% • Equity and equity-related securities 0%-30%.
• Investment in Securitised Debt will be up to 70% of the net assets of the Plan.
Pending deployment of funds in terms of the investment objective, the funds may be invested
in short-term deposits with scheduled commercial banks in accordance with applicable SEBI
guidelines.
Scheme-Specific Risk Factors:
Applicable for all funds: Change in Government policy in general and changes in tax benefits
applicable to mutual funds may impact the returns to Investors
Applicable to equity schemes (except Sundaram Tax Saver): For any overseas investments in
the equity funds, country risk, currency risk and geopolitical risk, to name a few.
Sundaram Select Focus: Higher volatility due to a concentrated portfolio. Sundaram Select
Mid Cap: Lack of liquidity at times and volatility. Sundaram Small and Medium Indian
Leading Equities Fund (S.M.I.L.E) Fund: Small-cap stocks are generally more illiquid.
Sundaram Equity Multiplier: Risk of non-diversification. Sundaram Infrastructure
Advantage Fund: Long gestation periods; pace at which investments materialize; incidence of
taxation, government policy & firm-level inefficiency. Sundaram Select Thematic Funds
Rural India Fund: Vagaries of nature such as erratic monsoon, failure of crop & drought, to
name a few; cyclical / seasonal factrs For any overseas investments relevant to rural-theme:
country risk, currency risk and geopolitical risk. Sundaram Select Thematic Funds PSU
Opportunities: Geo-political developments. As the schemes will invest in the instruments of
public sector companies, it will be affected by the government policies on PSU. As a thematic
fund, there will be concentration risk compared to a diversified fund. For any overseas
investments in the equity funds, country risk, currency risk and geopolitical risk, to name a few.
The Scheme may use techniques such as interest rate swaps, options on interest rates, futures
and forward rate agreement and other derivative instruments that are / may be permitted under
SEBI/RBI Regulation. These techniques and instruments, if imperfectly used, have the risk of
the Scheme incurring losses due to mismatches, particularly in a volatile market. Sundaram
Global Advantage: Currency risk, country risk, geo-political risk and emerging markets risk.
Sundaram Equity Plus: Global demand-supply trends, purchases/sales by central banks,
delays in bringing new mines on line, macro-economic variables, geo-political factors,
seasonality in demand, changes in duty and tariffs and liquidity may have an impact on prices
of gold and consequently on the NAV of the Scheme to the extent investment is made in goldETF. Investment in ETFs will be subject to risks of the underlying Scheme including tracking
error. If and to the extent, the portfolio includes overseas stocks, investors will be exposed to
country risk, currency risk, geo-political risk, legal restrictions and regulation changes in
geography other than India. The equity portfolio will be subject to market risk, liquidity risk
and non-diversification, to name a few. There is risk of capital loss and non attainment of the
stated investment objective. This is a concise summary of Scheme-specific risk factors available
in detail in the Scheme Information Document. Sundaram Select Micro Cap: To seek capital
appreciation by investing predominantly in equity/equity-related instruments of companies that
can be termed as micro-caps. A company whose market capitalisation is equal to or lower than
that of the 301st stock by market cap on the NSE at the time of investment will be considered
to be in micro-cap category. Sundaram Top 100: To generate capital appreciation from a
portfolio that is substantially constituted of equity securities specified as eligible securities for
Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of
its corpus in cash & cash equivalent and money market instruments from time to time of
Sundaram TOP 100. Sector Funds: Sundaram Financial Services Opportunities: The
scheme being sector specific will be affected by the risks associated with the Financial Services
sector. Investing in a sectoral fund is based on the premise that the Fund will seek to invest in
companies belonging to a specific sector. This will limit the capability of the Fund to invest in
another sector. The fund would invest in equity and equity related securities of companies
engaged in the financial services sector and hence concentration risk is expected to be high.
Also, as with all equity investing, there is the risk that companies in that specific sector will not
achieve its expected earnings results, or that an unexpected change in the market or within the
company will occur, both of which may adversely affect investment results. Thus investing in a
sector specific fund could involve potentially greater volatility and risk. The risk factors
associated with the Sectoral Fund are in addition to the standard risk factors applicable to all
the Schemes of the Mutual Fund. Sundaram Entertainment Opportunities: The scheme
being sector specific will be affected by the risks associated with the Media sector. Investing in
a sectoral fund is based on the premise that the Fund will seek to invest in companies belonging
to a specific sector. This will limit the capability of the Fund to invest in another sector. The
fund would invest in equity and equity related securities of companies engaged in the media
sector and hence concentration risk is expected to be high. Also, as with all equity investing,
there is the risk that companies in that specific sector will not achieve its expected earnings
results, or that an unexpected change in the market or within the company will occur, both of
which may adversely affect investment results. Thus investing in a sector specific fund could
involve potentially greater volatility and risk. The risk factors associated with the Sectoral Fund
are in addition to the standard risk factors applicable to all the Schemes of the Mutual Fund.
Sundaram Money Fund: Sundaram Money Fund is a Money Market Scheme. Changes in the
prevailing rates of interest are likely to affect the value of the scheme's holdings and
consequently the value of the scheme's Units. The scheme may use derivative instruments like
Interest Rate Swaps, Forward Rate Agreements or other derivative instruments for the purpose
of hedging and portfolio balancing and trading, as permitted under the Regulations and
guidelines. Usage of derivatives will expose the plans to certain risks inherent to such
derivatives. Sundaram Ultra Short-Term Fund: Sundaram Ultra Short-Term Fund is not a
Money Market Scheme. Changes in the prevailing rates of interest are likely to affect the value
of the scheme's holdings and consequently the value of the scheme's Units. The scheme may
use derivative instruments like Interest Rate Swaps, Forward Rate Agreements or other
derivative instruments for the purpose of hedging and portfolio balancing and trading, as
permitted under the Regulations and guidelines. Usage of derivatives will expose the plans to
certain risks inherent to such derivatives. Sundaram Bond Saver: Changes in the prevailing
rates of interest are likely to affect the value of the scheme’s holdings and consequently the
value of the scheme’s Units. Credit Risk: Credit Risk refers to the risk of default in interest
(coupon) payment and /or principal repayment. All debt instruments except those issued by the
Government of India carry this risk. Price Risk: As long as the Scheme will be invested, its Net
Asset Value (NAV) is exposed to market fluctuations, and its value can go up as well as down.
The portfolio of fixed-income securities that the Scheme invests in would be exposed to price
changes on a day-to-day basis. These price changes may occur due to instrument-specific
factors as well as general macroeconomic conditions. In general, price of fixed-income
securities go up when interest rates fall, and vice versa. Market Risk: The Scheme may also be
subject to price volatility due to such factors as interest sensitivity, market perception or the
creditworthiness of the issuer and general market liquidity. Risk associated with securitised debt
is similar to the listed factors
General Risk Factors: All mutual funds and securities investments are subject to market
risks, and there can be no assurance or guarantee that fund's objectives will be achieved.
NAV may go up or down, depending on the factors and forces affecting the securities
market. Main types are market risk, liquidity risk, credit risk and systemic risks. At times,
liquidity of investments may be impaired. There is uncertainty of dividend distribution and risk
of capital loss. Past performance of the Sponsor/Asset Management Company/Fund does not
indicate the future performance. Investors in the schemes are not being offered any guaranteed
or indicated returns. The names of the schemes do not in any manner indicate either quality
or future prospects and returns.
General Disclaimer: This document is issued by Sundaram Asset Management, an investment
manager registered with the Securities and Exchange Board of India in India and is produced
for information purposes only. It is not a prospectus or scheme information document offer
document or an offer or solicitation to buy any securities or other investment or Scheme
Information Document,
Information and opinion contained in this document are published for the assistance of the
recipient only; they are not to be relied upon as authoritative or taken as a substitution for
exercise of judgment by any recipient. They are subject to change without any notice and not
intended to provide the sole basis of any evaluation of the instrument discussed or offer to buy.
It is neither a solicitation to sell nor shall it form the basis of or be relied upon in connection
with any contract or commitment whatsoever or be taken as investment advice.
The information and opinions contained in this communication have been obtained from
sources that Sundaram Asset Management believes to be reliable; no representation or warranty,
express or implied, is made that such information is accurate or complete and it should not be
relied upon as such. Sundaram Asset Management neither guarantees its accuracy and/or
completeness nor does it guarantee to update the information from time to time.
This communication is for private circulation only and for the exclusive and confidential use of
the intended recipient(s) only. Any other distribution, use or reproduction of this
communication in its entirety or any part thereof is unauthorized and strictly prohibited. By
accepting this document you agree to be bound by the foregoing limitations.
This communication is for general information only without regard to specific objectives,
financial situations and needs of any particular person who may receive it and Sundaram Asset
Management is not soliciting any action based on this document.
Sundaram Asset Management in the discharge of its functions, may use any of the data
presented in this document for its decision-making purpose and is not bound to disclose the
same. Copies of the Statement of Additional Information, Scheme Information Document and
application form with Key Information Memorandum may be obtained from the offices of
Sundaram Mutual offices and its authorized distributors or downloaded from
www.sundarammutual.com. For scheme specific risk factors, asset allocation, load structure,
fund facts and taxation aspects please refer the Statement of Additional Information and
Scheme Information Document available online and at branches/Investor Service Centres,
Statutory: Mutual Fund: Sundaram Mutual Fund is a trust under Indian Trusts Act, 1882
Sponsor (Liability is to ` 1 lakh): Sundaram Finance Investment Manager: Sundaram Asset
Management Company. Trustee: Sundaram Trustee Company.
For Product Labels, please refer Page 2.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
www.sundarammutual.com
March 31, 2015
Page 33
Sundaram Mutual Fund
Track Record Liquid/Fixed-Income Funds
Fund / Benchmark
31/03/14
31/03/13
31/03/12
31/03/15 (%) 31/03/14 (%) 31/03/13 (%)
Last
7 days
Last
15 days
Last
1 month
Since Inception
Returns (%)
` 10,000
Money Fund
8.98
9.37
9.35
10.12
9.27
8.90
7.93
20,344
CRISIL Liquid Fund Index
8.98
9.54
8.17
13.63
10.39
10.08
7.44
19,493
CRISIL 91-days T-Bill Index
8.84
8.66
8.46
12.87
10.21
9.09
6.23
17,549
Ultra Short Term Fund
8.95
9.98
9.80
16.01
11.39
10.34
8.52
19,144
CRISIL Liquid Fund Index
8.98
9.54
8.17
13.63
10.39
10.08
7.60
17,897
CRISIL 91-days T-Bill Index
8.84
8.66
8.46
12.87
10.21
9.09
6.39
16,350
Fund / Benchmark
Sundaram MIP - Moderate Plan
31/03/14
31/03/13
31/03/12
31/03/15 (%) 31/03/14 (%) 31/03/13 (%)
Last
3 years (%)
Last
5 years (%)
Since Inception
Last
8 years (%) Returns (%)
` 10,000
9.59
6.76
7.72
8.02
5.61
5.75
6.23
19,686
CRISIL MIP Blended Index
16.45
6.52
9.06
10.60
8.61
8.56
7.80
23,197
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.76
5.03
17,331
Sundaram MIP - Aggressive Plan
22.49
5.05
7.73
11.50
8.28
8.24
14,936
CRISIL MIP Blended Index
16.45
6.52
9.06
10.60
8.61
8.71
15,265
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.47
13,738
Sundaram MIP - Conservative Plan
11.31
0.48
7.80
6.43
5.65
5.65
13,209
CRISIL MIP Blended Index
16.45
6.52
9.06
10.60
8.61
8.71
15,265
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.47
13,738
Sundaram Bond Saver
13.66
3.65
11.13
9.40
8.06
7.28
8.35
39,992
CRISIL Composite Bond Fund Index
14.59
4.39
9.24
9.33
8.13
7.70
-
-
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.76
-
-
Sundaram GILT Fund
12.63
17.75
13.97
14.76
9.69
7.28
6.38
23,667
I-Sec MIBEX
14.37
5.10
10.99
10.08
8.68
8.54
-
-
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.76
-
-
Sundaram Income Plus
11.13
9.28
8.13
9.50
7.21
6.03
5.85
20,560
CRISIL Composite Bond Fund Index
14.59
4.39
9.24
9.33
8.13
7.70
6.67
22,672
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.76
6.30
21,689
Sundaram Select Debt - Short Term Asset Plan
10.22
9.34
11.08
10.21
9.73
7.96
7.27
24,186
CRISIL Liquid Fund Index
8.98
9.54
8.17
8.90
8.26
7.65
6.67
22,522
CRISIL 1 Year T-Bill Index
8.74
5.84
8.33
7.63
6.65
6.29
5.73
20,151
Sundaram Flexible Fund -Flexible Income Plan
16.08
0.30
8.91
8.24
7.18
7.01
6.70
19,443
CRISIL Composite Bond Fund Index
14.59
4.39
9.24
9.33
8.13
7.70
6.83
19,684
CRISIL 10 Year GILT Index
14.57
-0.96
11.25
8.08
6.23
6.76
5.32
13,667
9.16
8.81
9.85
9.27
8.59
8.48
8.01
22,032
10.32
8.86
9.05
9.41
8.31
8.25
7.49
20,981
8.74
5.84
8.33
7.63
6.65
6.29
5.97
14,182
Sundaram Flexible Fund - Short Term Plan
CRISIL Short-Term Bond Fund Index
CRISIL 1 Year T-Bill Index
Past performance may or may not be sustained in the future; NAV and performance as on March 31, 2015. NAV of Regular Plan - Growth option is considered
for computing the annualised returns. Returns are in percentage (%). Returns for more than one year are computed on compounded annualised basis and less than one
year are computed on simple annualised basis. Performance has not been disclosed for closed-ended schemes as they are non comparable with other fixed income
schemes. Income schemes (except Sundaram Select Debt Short Term Asset Plan and Sundaram Flexible Fund Short Term Plan) and liquid schemes have been
compared with CRISIL 10 Year GILT Index and CRISIL 91 Days T-Bill Index respectively. Sundaram Select Debt Short Term Asset Plan and Sundaram Flexible
Fund Short Term Plan are compared with CRISIL1 year T-Bill Index. Returns for the standard benchmark are sourced from www.amfiindia.com
www.sundarammutual.com
March 31, 2015
Page 34
Sundaram Mutual Fund
Fund Managers
S Krishnakumar
CIO-Equity
Funds Managed: Sundaram S.M.I.L.E Fund, Sundaram Select Mid Cap, Sundaram Select Small
Cap Series, Sundaram Value Fund Series I, Sundaram Value Fund Series II* Sundaram Tax Saver*
and Sundaram Select Micro Cap Series*.
S Bharath
Fund Manager-Equity
Funds Managed: Sundaram Global Advantage Fund, Sundaram Infrastructure Advantage Fund,
Sundaram Top 100, Sundaram Value Fund-Series II* Sundaram Rural India Fund & Sundaram
World Brand Fund Series and he is the dedicated fund manager for investments in overseas
securities.
Shiv Chanani, CFA
Fund Manager-Equity
Funds Managed: Sundaram Balanced Fund, Sundaram Equity Multiplier, Sundaram Equity Plus,
Sundaram Financial Services Opportunities Fund, Sundaram Growth Fund, Sundaram Select
Focus, Sundaram Entertainment Opportunities Fund* & Sundaram Select Thematic Funds - PSU
Opportunities*
Avinash Agarwal
Assistant Fund Manager-Equity
Funds Managed: Sundaram Entertainment Opportunities Fund*, Sundaram Select Thematic Funds
- PSU Opportunities* & Sundaram Select Micro Cap Series*.
Madanagopal Ramu
Assistant Fund Manager-Equity
Funds Managed: Sundaram Tax Saver*
Dwijendra Srivatsava, CFA
CIO-Fixed Income
Funds Managed*: Sundaram Money Fund, Sundaram Ultra Short-Term Fund, Sundaram Flexible
Fund Short-Term Plan, Sundaram Flexible Fund Flexible Income Plan, Sundaram Gilt Fund,
Sundaram Bond Saver, Sundaram Select Debt Short-Term Asset Plan, Sundaram Capital
Protection Oriented Funds, Sundaram Monthly Income Plan, Sundaram Fixed Term Plans and
Sundaram Fixed Income Interval Funds.
Siddharth Chaudhary
Fund Manager-Fixed Income
Funds Managed*: Sundaram Money Fund, Sundaram Ultra Short-Term Fund, Sundaram Flexible
Fund Short-Term Plan, Sundaram Capital Protection Oriented Funds, Sundaram Monthly Income
Plan, Sundaram Banking & PSU Debt Fund*, Sundaram Fixed Income Interval Funds and
Sundaram Hybrid Fund Series.
Sandeep Agarwal
Fund Manager-Fixed Income
Funds Managed: Sundaram Flexible Fund Flexible Income Plan*, Sundaram Gilt Fund*,
Sundaram Bond Saver*, Sundaram Select Debt Short-Term Asset Plan*, Sundaram Monthly
Income Plan*, Sundaram Banking & PSU Debt Fund*, Sundaram Fixed Term Plans* and
Sundaram Income Plus.
*Jointly Managed Funds
www.sundarammutual.com
March 31, 2015
Page 35
Sundaram Mutual Fund
Systematic Investment Plan: Performance of ` 1000-a-month SIP
Sundaram
Select Mid Cap
An open-end equity scheme
Period
Investment
Since Inception 1,52,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund
10,39,822
3,81,421
2,13,472
1,20,598
65,943
40,045
15,051
Benchmark
4,50,409
2,21,799
1,46,103
91,682
54,287
34,553
13,716
CNX Nifty
4,30,619
2,29,739
1,37,524
86,359
48,670
30,094
12,985
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015
Effective compounded annual return of a constant amount SIP every month in percentage are computed
using NAV of Regular Plan-Growth Option. Investment and value for the fund and benchmark are in rupees.
Period
Investment
Since Inception 1,52,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund
Benchmark
CNX Nifty
4,82,466
2,24,622
1,30,543
84,470
48,851
30,454
12,961
4,30,619
2,29,739
1,37,524
86,359
48,670
30,094
12,985
4,30,619
2,29,739
1,37,524
86,359
48,670
30,094
12,985
Sundaram
Select Focus
An open-end equity scheme
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015
Effective compounded annual return of a constant amount SIP every month in percentage are computed
using NAV of Regular Plan-Growth Option. Investment and value for the fund and benchmark are in rupees.
Sundaram
S.M.I.L.E Fund
An open-end equity scheme
Period
Investment
Since Inception 1,21,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund
Benchmark
CNX Nifty
3,74,793
3,67,842
2,13,722
1,29,381
74,126
46,172
16,106
1,99,549
1,96,618
1,34,835
87,030
54,704
35,379
13,200
2,33,812
2,29,739
1,37,524
86,359
48,670
30,094
12,985
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015
Effective compounded annual return of a constant amount SIP every month in percentage are computed
using NAV of Regular Plan-Growth Option. Investment and value for the fund and benchmark are in rupees.
Investment
Since Inception 1,84,000
Last 10 years
1,20,000
Last 7 years
84,000
Last 5 years
60,000
Last 3 years
36,000
Last 2 years
24,000
Last 1 year
12,000
Fund
11,63,979
2,66,479
1,51,998
95,160
53,433
33,300
13,903
Benchmark
7,17,483
2,32,828
1,41,182
88,085
50,137
31,103
13,247
CNX Nifty
6,54,633
2,29,722
1,37,507
86,343
48,653
30,078
12,985
Sundaram
Tax Saver
An open-end ELSS scheme
Past performance may or may not be sustained in future. Return/investment value are as of March 31, 2015
Effective compounded annual return of a constant amount SIP every month in percentage are computed
using NAV of Regular Plan-Growth Option. Investment and value for the fund and benchmark are in rupees.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. For Product Labels, please refer
Page 2. Disclosures: Page 33. SIP performance of each open-end equity fund is also available in the respective fund pages.
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