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This Index Fund Has Delivered 66.68% Returns In 5 Years- Should You Invest?
These days, many mutual fund investors prefer index funds. Several mutual fund companies are now promoting similar plans. Informed investors are paying attention to low-cost index funds, and they are expressing their preference for them in every mutual fund forum. If you're a novice mutual fund investor and not sure what all the excitement is all about, but looking for a Index fund for investment then this index fund mentioned here is good buy. Check out details and returns.
Sundaram Nifty 100 Equal Weight Fund - Direct Plan-Growth
This index fund is a large-cap equity fund from the Sundaram Mutual Fund. It is a medium-sized fund of its category. It has Rs 54.54 Crore worth of Assets under Management (AUM). It has Rs 109.9039 NAV declared on 04th May 2022. The fund has an expense ratio of 0.53%, which is higher than its category average expense ratio.
This scheme seeks to invest principally in securities that comprise the Nifty 100 Equal Weight Index and subject to tracking errors endeavour to attain results commensurate with the Nifty 100 Equal Weight Index.
It is rated a highly expensive large-cap index fund. To start investment in this fund, the minimum investment amount required is Rs 500 for the Lump-Sum payment and Rs 500 for SIP.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 11.05% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 16.17% | 16.17% |
| 2 Year | 91.49% | 38.38% |
| 3 Year | 48.48% | 14.06% |
| 5 Year | 66.68% | 10.75% |
| Since Inception | 168.75% | 11.17% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 0.52% | 0.97% |
| 2 Year | 23.91% | 22.16% |
| 3 Year | 35.10% | 20.56% |
| 5 Year | 42.04% | 14.01% |
Portfolio
Fund has 97.98% investment in equities of which 74.29% is in large-cap stocks, 16.37% is in mid-cap stocks, and 1.35% is in small-cap stocks. The fund has the majority of its money invested in the Financial, Healthcare, Energy, Consumer Staples, and Metals & Mining sectors. The fund's top holdings are Jindal Steel & Power Ltd., Adani Green Energy Ltd., Bank Of Baroda, Cholamandalam Investment & Finance Co. Ltd., and Adani Transmission Ltd.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
