About Sundaram Diversified Equity Fund Direct-Dividend
Sundaram Diversified Equity Fund Direct-Dividend is a Tax Saver
mutual fund scheme from Sundaram Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers S Krishnakumar
and Rahul Ranjan
. It has an AUM of ₹2,631.76 Crores and the latest NAV decalared is ₹12.882 as on 13 Nov 2019 at 8:50 pm.
Sundaram Diversified Equity Fund Direct-Dividend scheme return performance in last 1 year is 8.39%, in last 3 years is 27.10% and 113.93% since scheme launch. The min. SIP amount to invest in this scheme is ₹250.
The scheme is aimed at generating long-term capital appreciation. Equity investments would account for at least 80 per cent of the corpus, while it can go up to 100 per cent. Exposure to Corporate and PSU bonds and Money market instruments can go up to 20 per cent of the corpus.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.