About Sundaram Diversified Equity Fund Direct-Growth
Sundaram Diversified Equity Fund Direct-Growth 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 ₹2,569.10 Crores and the latest NAV decalared is ₹103.003 as on 18 Oct 2019 at 8:40 pm.
Sundaram Diversified Equity Fund Direct-Growth scheme return performance in last 1 year is 9.14%, in last 3 years is 18.26% and 111.52% 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.