Fact Sheet for May 2021 - Sundaram Mutual Fund

 
Fact Sheet for May 2021 - Sundaram Mutual Fund
Fact Sheet for May 2021
Fact Sheet for May 2021 - Sundaram Mutual Fund
Index

Particulars                                                                      Page No
Riskometer                                                                                   2
Performance Track Record Equity Funds                                                      3-6
Equity Market Outlook                                                                        7
Fixed Income Market Outlook                                                                  8
Open ended Equity Funds                                                          Page No
Sundaram Diversified Equity                                                                  9
Sundaram Bluechip Fund                                                                      10
Sundaram Select Focus                                                                       11
Sundaram Mid Cap Fund                                                                       12
Sundaram Small Cap Fund                                                                     13
Sundaram Large & Mid Cap Fund                                                               14
Sundaram Equity Fund                                                                        15
Sundaram Rural and Consumption Fund                                                         16
Sundaram Services Fund                                                                      17
Sundaram Infrastructure Advantage Fund                                                      18
Sundaram Financial Services Opportunities Fund                                              19
Sundaram Global Brand Fund                                                                  20
Sundaram SMART NIFTY 100 Equal Weight Fund                                                  21
Sundaram Equity Hybrid Fund                                                                 22
Sundaram Equity Savings Fund                                                                23
Sundaram Balanced Advantage Fund                                                            24
Sundaram Arbitrage Fund                                                                     25
Close ended Equity Funds
Sundaram Select Micro Cap - Series XIV                                                      26
Sundaram Select Micro Cap - Series XV-XVII                                                  27
Sundaram Emerging Small Cap Series - I                                                      28
Sundaram Emerging Small Cap Series - II-VII                                                 29
Sundaram Multi Cap - Series I-II                                                            30
Sundaram Select Small Cap - Series V-VI                                                     31
Sundaram Value Fund - Series VII - X                                                        32
Sundaram Long Term Tax Advantage Fund - Series I-IV                                         33
Sundaram Long Term Micro Cap Tax Advantage Fund - Series III-VI                             34
Liquid & Fixed Income Funds
Sundaram Money Fund                                                                         35
Sundaram Overnight Fund                                                                     36
Sundaram Ultra Short Term Fund                                                              37
Sundaram Money Market Fund                                                                  38
Sundaram Low Duration Fund                                                                  39
Sundaram Banking & PSU Debt Fund                                                            40
Sundaram Short Term Debt Fund                                                               41
Sundaram Medium Term Bond Fund                                                              42
Sundaram Corporate Bond Fund                                                                43
Sundaram Debt Oriented Hybrid Fund                                                          44
IDCW History - Equity & Balanced Funds                                                45-48
Disclosures                                                                                 49
Performance Track Record Fixed Income Funds                                                 50
Fund Managers                                                                               51

www.sundarammutual.com                                May 2021    Sundaram Mutual Fund
                                                                          Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Riskometer
         Scheme name and Type of scheme                                                                 This product is suitable for investors who are seeking*                                                                    Riskometer

                                                  • Investment over very short term periods • Income by investing in debt, money market instruments, cash and cash equivalents with overnight maturity and seeking
 Sundaram Overnight Fund
                                                  returns in line with overnight call / money market rates.

 Sundaram Arbitrage Fund                          • Income over short term • Income through arbitrage opportunities
 Sundaram Short Term Debt Fund                    • Income and capital appreciation by investing in a portfolio comprising of fixed income securities. • Having a macaulay duration is between 1 year and 3 years
 Sundaram Money Market Fund                       • Income over a short term investment horizon • Investment in money market instruments with maturity upto 1 year
 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
                                                  • Short term income • reasonable returns from a portfolio comprising substantially of fixed income and money market instruments by keeping the interest rate risk of
 Sundaram Banking & PSU Debt Fund
                                                  the fund low
 Sundaram Ultra Short Term Fund                   • Short term income • liquidity through investments made primarily in money market and debt securities
 Sundaram Corporate Bond Fund                     • Income and Capital appreciation from a portfolio comprising substantially of fixed income and money market instruments of AA + and above rated corporate bonds

 Sundaram Low Duration Fund                       • Short term income • liquidity through investments made primarily in money market and debt securities

                                                  • Long term capital appreciation and income • Investment in equity & equity related instruments, arbitrage opportunities, and investments in debt and money market
 Sundaram Equity Savings Fund
                                                  opportunities
 Sundaram Medium Term Bond Fund                   • Income and Capital appreciation by investing in a portfolio comprising of fixed income securities with Macaulay Duration between 3 to 4 years.
 Sundaram Debt Oriented Hybrid Fund               • Income over medium to long term • Capital appreciation by investing a portion of the assets in equity and equity related instruments
                                                  • Income generation and Long term capital appreciation • Investment in a dynamically managed asset allocation fund, consisting of a portfolio of equities, debt, derivatives
 Sundaram Balanced Advantage Fund
                                                  and REITs/InvITs

 Sundaram Select Small Cap Series V               • Long term capital growth • Investment predominantly in equity/equity-related instruments of companies that can be termed as small-caps.

 Sundaram Equity Hybrid Fund                      • Long Term Capital Growth and Income • A mix of investments predominantly in equity and equity related instruments and fixed income securities

 Sundaram Select Small Cap Series VI              • Long term capital growth • Investment predominantly in equity/equity-related instruments of companies that can be termed as small-caps.

 Sundaram Select Micro Cap-Series (XIV-XVII)^     • Long term capital growth • Investment predominantly in equity/equity-related instruments of companies that can be termed as micro-caps.
 Sundaram Blue Chip Fund                          • Capital appreciation over medium to long term. • Investment in equity and equity-related securities of large cap companies.
 Sundaram Select Focus                            • Long term capital growth • Investment in equity & equity related instruments of select large cap stocks
 Sundaram Value Fund Series (VII,IX-X)^           • Long term capital growth • Investment in a well diversified portfolio of stocks
 Sundaram Smart NIFTY 100 Equal Weight Fund       • Long term capital appreciation • Returns that are commensurate with the performance of NIFTY 100 Equal Weighted Index, subject to tracking error
 Sundaram Financial Services Opportunities Fund   • Long term capital growth • Investment in equity and equity related instruments of companies engaged in Banking & Financial Services
 Sundaram Long Term Tax Advantage Fund (I-IV)^    • Capital appreciation over a period of 10 years • Investment in equity and equity related instruments of companies along with income tax benefit
 Sundaram Equity Fund                             • Capital appreciation over medium to long term • Investment in equity & equity-related securities of companies across various market capitalization
 Sundaram Diversified Equity                      • Long term capital growth with 3 year lock-in period • Investment in equity & equity related securities
 Sundaram Multi Cap Series I-II^                  • Long term investment • A close ended equity fund that aims to generate capital appreciation.
 Sundaram Large and Mid Cap Fund                  • Long term capital growth • Investment in equity & equity related securities in large and mid cap companies
 Sundaram Rural and Consumption Fund              • Long term capital growth • Investment predominantly in equity and equity related instruments of companies focussing on rural and/or consumption themes
 Sundaram Services Fund                           • Long term capital growth • Investing in equity/equity related instruments of companies who have business predominantly in the Services Sector of the economy.
                                                  • Long term capital growth Investment in equity and equity related instruments of companies engaged either directly or indirectly in infrastructure- and infrastructure
 Sundaram Infrastructure Advantage Fund
                                                  related activities or expected to benefit from the growth and development of infrastructure
 Sundaram Mid Cap Fund                            • Long term capital growth • Investment predominantly in diversified stocks that are generally termed as mid-caps
 Sundaram Emerging Small Cap Series - I-VII^      • Long term capital growth • Investment predominantly in equity/equity-related instruments of companies that can be termed as small-caps.
 Sundaram Small Cap Fund                          • Long term capital growth • Investment in diversified stocks that are generally termed as small caps
 Sundaram Long Term Micro cap Tax Advantage Sr    • Capital appreciation over a period of 10 years • Investment in equity and equity related instruments of companies that can be termed as micro-caps along with income
 (III-VI) fund^                                   tax benefit
 Sundaram Global Brand Fund                       • Long term capital growth • Investment in units of overseas mutual funds & ETFs

^close-ended schemes * Investors should consult their financial advisers if in doubt about whether the product is suitable for them
  www.sundarammutual.com                                                                     May 2021                                                                           Page 2                                           Sundaram Mutual Fund
                                                                                                                                                                                                                                                Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Track Record Equity Funds
         Fund/Period       NAV Per           Fund        Benchmark TRI       Additional          Excess         Value of 10,000 invested
                           Unit ( )           (%)             (%)        Benchmark TRI (%)      Points (%)   Fund        Bmark TRI     A.Bmark TRI

Sundaram Emerging Small Cap Series I*                                                                                 Rohit Seksaria & Ratish Varier
Last 1 year               5.9 (29-05-2020)   102.3           118.3              64.4               -16.0
Last 3 years              9.9 (31-05-2018)     6.7            12.1              14.6                -5.4
Since Inception          10.0 (09-03-2018)     5.8            11.1              15.4                -5.4     11,978          14,061          15,866

Sundaram Emerging Small Cap Series II*
Last 1 year               6.1 (29-05-2020)   101.6           123.9              64.4               -22.3
Last 3 years              9.9 (31-05-2018)     7.5             9.1              14.6                -1.6
Since Inception          10.0 (09-04-2018)     6.8             7.0              15.2                -0.3     12,288          12,382          15,604

Sundaram Emerging Small Cap Series III*
Last 1 year               6.6 (29-05-2020)   107.1           123.9              64.4               -16.8
Last 3 years             10.0 (31-05-2018)    10.8             9.1              14.6                 1.7
Since Inception          10.0 (11-05-2018)    10.7             7.9              14.1                 2.8     13,644          12,621          14,985

Sundaram Emerging Small Cap Series IV*
Last 1 year               7.0 (29-05-2020)   101.9           123.9              64.4               -22.0
Since Inception          10.0 (11-06-2018)    12.1             9.9              14.6                 2.3     14,054          13,223          14,980

Sundaram Global Brand Fund (Formerly Sundaram Global
Advantage Fund)*
Last 1 year              18.1 (29-05-2020)    33.8            33.3              64.4                 0.5
Last 3 years             17.2 (31-05-2018)    12.1            17.7              14.6                -5.5
Last 5 years             13.0 (31-05-2016)    13.2            18.7              15.3                -5.5
Since Inception          10.0 (24-08-2007)     6.6            14.5              11.3                -7.9     24,132          64,766          43,718

Sundaram Long Term Micro Cap Tax Advantage Fund III*
Last 1 year               6.8 (29-05-2020)   108.4           133.4              64.4               -25.0
Last 3 years             12.8 (31-05-2018)     3.7             7.0              14.6                -3.3
Since Inception          10.0 (18-11-2016)     8.1            12.8              17.0                -4.7     14,208          17,263          20,390

Sundaram Long Term Micro Cap Tax Advantage Fund IV*
Last 1 year               5.8 (29-05-2020)   112.3           133.4              64.4               -21.1
Last 3 years             11.0 (31-05-2018)     3.7             7.0              14.6                -3.3
Since Inception          10.0 (24-03-2017)     5.0             8.8              15.1                -3.8     12,248          14,216          18,030

Sundaram Long Term Micro Cap Tax Advantage Fund V*
Last 1 year               5.6 (29-05-2020)   117.5           133.4              64.4               -15.9
Last 3 years             10.7 (31-05-2018)     4.6             7.0              14.6                -2.4
Since Inception          10.0 (05-07-2017)     5.2             7.1              14.5                -1.8     12,198          13,048          16,960

Sundaram Long Term Micro Cap Tax Advantage Fund VI*
Last 1 year               5.1 (29-05-2020)   119.2           133.4              64.4               -14.2
Last 3 years             10.2 (31-05-2018)     3.2             7.0              14.6                -3.7
Since Inception          10.0 (28-09-2017)     3.1             7.3              14.9                -4.2     11,191          12,947          16,663

Sundaram Select Micro Cap Series XIV*
Last 1 year               5.9 (29-05-2020)   117.6           118.3              64.4                -0.7
Last 3 years             11.0 (31-05-2018)     4.9            12.1              14.6                -7.3
Since Inception          10.0 (28-04-2017)     6.1            12.1              14.9                -6.0     12,723          15,934          17,646

Sundaram Select Micro Cap Series XV*
Last 1 year               5.6 (29-05-2020)   115.1           118.3              64.4                -3.2
Last 3 years             10.9 (31-05-2018)     3.5            12.1              14.6                -8.6
Since Inception          10.0 (31-05-2017)     4.9            12.9              14.3                -8.0     12,123          16,241          17,055

Sundaram Select Micro Cap Series XVI*
Last 1 year               5.3 (29-05-2020)   123.3           118.3              64.4                 5.0
Last 3 years             10.3 (31-05-2018)     4.8            12.1              14.6                -7.3

  www.sundarammutual.com                      May 2021                                 Page 3                       Sundaram Mutual Fund
                                                                                                                                 Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Track Record Equity Funds
         Fund/Period         NAV Per           Fund        Benchmark TRI       Additional          Excess                 Value of 10,000 invested
                             Unit ( )           (%)             (%)        Benchmark TRI (%)      Points (%)         Fund          Bmark TRI     A.Bmark TRI

Since Inception            10.0 (30-08-2017)     4.6            12.1              14.2                -7.6            11,834           15,373          16,478

Sundaram Select Micro Cap Series XVII*
Last 1 year                 4.9 (29-05-2020)   127.2           118.3              64.4                 8.9
Last 3 years                9.8 (31-05-2018)     4.7            12.1              14.6                -7.4
Since Inception            10.0 (13-10-2017)     3.3            10.6              13.8                -7.3            11,234           14,394          16,010

Sundaram Equity Hybrid Fund*                                                                                   Rahul Baijal & S. Bharath & Sandeep Agarwal
Last 1 year                82.9 (29-05-2020)    43.2            44.0              64.4                -0.8
Last 3 years               85.9 (31-05-2018)    11.4            13.7              14.6                -2.3
Last 5 years               65.5 (31-05-2016)    12.6            13.8              15.3                -1.2
Since Inception            10.2 (23-06-2000)    12.5               -              13.5                   -           1,17,003                -       1,41,097

Sundaram Bluechip Fund*                                                                                                              Rahul Baijal & S. Bharath
Since Inception            10.0 (08-10-2020)    47.4            51.8              50.6                -4.4            13,052           13,333          13,258

Sundaram Large and Mid Cap Fund*
Last 1 year                28.2 (29-05-2020)    61.9            78.2              64.4               -16.3
Last 3 years               33.5 (31-05-2018)    10.9            14.2              14.6                -3.3
Last 5 years               22.5 (31-05-2016)    15.2            16.8              15.3                -1.6
Since Inception            10.0 (27-02-2007)    11.2            13.0              11.5                -1.8            45,680           57,476          47,409

Sundaram Select Focus*
Last 1 year               159.1 (29-05-2020)    50.9            64.4              62.1               -13.5
Last 3 years              169.2 (31-05-2018)    12.4            14.6              15.0                -2.2
Last 5 years              121.9 (31-05-2016)    14.5            15.3              15.7                -0.7
Since Inception            10.0 (30-07-2002)    18.4            17.5              18.1                 0.8           2,40,149         2,10,349       2,30,293

Sundaram Services Fund*                                                                                                          Rahul Baijal & Rohit Seksaria
Last 1 year                 9.9 (29-05-2020)    74.4            68.5              64.4                 5.9
Since Inception            10.0 (21-09-2018)    22.6            15.0              14.5                 7.6            17,290           14,569          14,410

Sundaram Financial Services Opportunities*                                                                                        Rahul Baijal & Ratish Varier
Last 1 year                31.9 (29-05-2020)    76.5            75.6              64.4                 0.9
Last 3 years               40.3 (31-05-2018)    11.8            14.9              14.6                -3.2
Last 5 years               27.8 (31-05-2016)    15.2            19.1              15.3                -4.0
Since Inception            10.0 (10-06-2008)    14.2            16.8              11.5                -2.5            56,271           74,694          40,925

Sundaram Infrastructure Advantage Fund*                                                                                             Ratish Varier & S. Bharath
Last 1 year                23.7 (29-05-2020)    81.8            65.2              64.4               16.6
Last 3 years               34.3 (31-05-2018)     7.9            14.2              14.6                -6.3
Last 5 years               23.8 (31-05-2016)    12.6            15.3              15.3                -2.8
Since Inception            10.0 (29-09-2005)     9.8            13.5              13.4                -3.7            43,066           72,829          72,143

Sundaram Select Small Cap V*                                                                                                    Ratish Varier & Rohit Seksaria
Last 1 year                 8.1 (29-05-2020)    65.7           118.3              64.4               -52.6
Last 3 years               10.0 (31-05-2018)    10.3            12.1              14.6                -1.8
Since Inception            10.0 (23-06-2017)     7.9            12.5              14.6                -4.6            13,487           15,917          17,085

Sundaram Select Small Cap VI*
Last 1 year                 8.0 (29-05-2020)    69.5           118.3              64.4               -48.8
Last 3 years                9.8 (31-05-2018)    11.1            12.1              14.6                -1.0
Since Inception            10.0 (17-07-2017)     8.0            11.7              13.7                -3.8            13,467           15,371          16,454

Sundaram Small Cap Fund*
Last 1 year                56.8 (29-05-2020)   113.3           133.4              64.4               -20.1
Last 3 years               99.3 (31-05-2018)     6.9             7.0              14.6                -0.1
Last 5 years               68.3 (31-05-2016)    12.2            13.5              15.3                -1.3
  www.sundarammutual.com                        May 2021                                 Page 4                             Sundaram Mutual Fund
                                                                                                                                           Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Track Record Equity Funds
         Fund/Period         NAV Per           Fund        Benchmark TRI       Additional          Excess                Value of 10,000 invested
                             Unit ( )           (%)             (%)        Benchmark TRI (%)      Points (%)         Fund        Bmark TRI     A.Bmark TRI

Since Inception            10.0 (15-02-2005)    16.5            13.5              14.5                 3.1           1,21,175        78,294          91,298

Sundaram Emerging Small Cap Series V*                                                                 Rohit Seksaria & Dwijendra Srivastava & Ratish Varier
Last 1 year                 7.0 (29-05-2020)   102.2           123.9              64.4               -21.7
Since Inception            10.0 (14-08-2018)    13.5            11.4              12.9                 2.0            14,238         13,532          14,056

Sundaram Emerging Small Cap Series VI*
Last 1 year                 8.0 (29-05-2020)   102.0           123.9              64.4               -21.9
Since Inception            10.0 (07-09-2018)    19.3            11.0              12.7                 8.2            16,174         13,309          13,860

Sundaram Emerging Small Cap Series VII*
Last 1 year                 9.0 (29-05-2020)    83.4           123.9              64.4               -40.5
Since Inception            10.0 (28-09-2018)    20.6            18.1              15.5                 2.5            16,488         15,587          14,691

Sundaram Long Term Tax Advantage Fund III*
Last 1 year                 5.6 (29-05-2020)   112.0            71.6              64.4               40.4
Last 3 years                9.8 (31-05-2018)     6.5            14.0              14.6                -7.5
Since Inception            10.0 (28-03-2018)     5.6            14.8              16.0                -9.2            11,882         15,499          16,013

Sundaram Long Term Tax Advantage Fund IV*
Last 1 year                 6.9 (29-05-2020)   100.9            71.6              64.4               29.3
Since Inception            10.0 (05-07-2018)    11.7            15.0              15.0                -3.3            13,790         14,999          14,994

Sundaram Arbitrage Fund*                                                                                S. Bharath & Rohit Seksaria & Dwijendra Srivastava
Last 1 year                10.2 (29-05-2020)     3.5             2.9               3.6                 0.6
Since Inception            10.0 (04-02-2020)     3.8             2.9               5.2                 0.9            10,503         10,379          10,693

Sundaram Equity Savings Fund*
Last 1 year                10.1 (29-05-2020)    18.4            23.2               3.8                -4.8
Since Inception            10.0 (07-12-2018)     7.7            11.3               8.9                -3.6            12,009         13,035          12,359

Sundaram Diversified Equity*                                                                                                    S. Bharath & Rohit Seksaria
Last 1 year                78.1 (29-05-2020)    64.2            68.5              64.4                -4.3
Last 3 years             103.6 (31-05-2018)      7.4            14.5              14.6                -7.1
Last 5 years               74.4 (31-05-2016)    11.5            15.8              15.3                -4.3
Since Inception            10.0 (22-11-1999)    16.2            13.8              13.5                 2.5           2,55,613      1,60,637        1,52,274

Sundaram Rural and Consumption Fund*
Last 1 year                35.2 (29-05-2020)    46.2            70.8              64.4               -24.5
Last 3 years               43.1 (31-05-2018)     6.1            13.7              14.6                -7.6
Last 5 years               29.2 (31-05-2016)    12.0            15.6              15.3                -3.6
Since Inception            10.0 (12-05-2006)    11.5            11.4              11.5                 0.1            51,429         50,589          51,348

Sundaram Smart NIFTY 100 Equal Weight Fund*
Last 1 year                 9.7 (29-05-2020)    67.2            70.9              64.4                -3.7
Last 3 years               12.0 (31-05-2018)    10.5            12.0              14.6                -1.5
Since Inception            10.0 (12-01-2017)    11.7            13.4              16.6                -1.7            16,219         17,337          19,582

Sundaram Equity Fund*                                                                                                            S. Bharath & Ratish Varier
Last 1 year                 8.6 (29-05-2020)    65.8            85.7              64.4               -19.9
Since Inception            10.0 (06-09-2019)    22.5            31.5              23.8                -9.0            14,224         16,074          14,481

Sundaram Mid Cap Fund*
Last 1 year              353.8 (29-05-2020)     70.3            95.8              64.4               -25.5
Last 3 years             508.3 (31-05-2018)      5.8            12.0              14.6                -6.1
Last 5 years             350.9 (31-05-2016)     11.4            15.3              15.3                -3.9
Since Inception            10.0 (30-07-2002)    24.3            20.7              17.5                 3.6           6,02,448      3,46,838        2,10,349

Sundaram Multi Cap Series I*
Last 1 year                 9.4 (29-05-2020)    59.1            71.6              64.4               -12.5

  www.sundarammutual.com                        May 2021                                 Page 5                             Sundaram Mutual Fund
                                                                                                                                         Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Track Record Equity Funds
          Fund/Period                        NAV Per                      Fund               Benchmark TRI                Additional                   Excess                        Value of 10,000 invested
                                             Unit ( )                      (%)                    (%)                 Benchmark TRI (%)               Points (%)                Fund           Bmark TRI        A.Bmark TRI

Since Inception                           10.0 (23-06-2018)                14.5                       14.3                      14.6                        0.2                  14,876             14,810             14,908

Sundaram Multi Cap Series II*
Last 1 year                                9.3 (29-05-2020)                59.1                       71.6                      64.4                      -12.5
Since Inception                           10.0 (25-07-2018)                14.9                       14.0                      13.8                        0.9                  14,847             14,526             14,457

Sundaram Balanced Advantage Fund*                                                                                                                                  S. Bharath & Rahul Baijal & Dwijendra Srivastava
Last 1 year                               10.4 (29-05-2020)                30.3                       34.4                      64.4                        -4.2
Since Inception                           10.0 (06-03-2020)                27.9                       23.3                      34.2                        4.6                  13,549             12,949             14,380

Sundaram Value Fund Series VII*                                                                                                                                                     S. Bharath & Dwijendra Srivastava
Last 1 year                                5.7 (29-05-2020)               128.2                       71.6                      64.4                       56.6
Last 3 years                               9.8 (31-05-2018)                  9.6                      14.0                      14.6                        -4.3
Since Inception                           10.0 (07-03-2017)                  6.3                      15.1                      15.5                        -8.9                 12,941             18,161             18,378

Sundaram Value Fund Series IX*
Last 1 year                                8.5 (29-05-2020)                73.0                       71.6                      64.4                        1.4
Last 3 years                               9.5 (31-05-2018)                15.5                       14.0                      14.6                        1.6
Since Inception                           10.0 (10-11-2017)                11.3                       12.4                      13.6                        -1.1                 14,630             15,164             15,751

Sundaram Value Fund Series X*
Last 1 year                                8.4 (29-05-2020)                72.8                       71.6                      64.4                        1.2
Last 3 years                               9.5 (31-05-2018)                15.1                       14.0                      14.6                        1.1
Since Inception                           10.0 (23-11-2017)                11.2                       12.4                      13.7                        -1.2                 14,516             15,073             15,710

Sundaram Long Term Tax Advantage Fund I                                                                                                                                                                            S. Bharath
Last 1 year                               11.1 (29-05-2020)                69.5                       71.6                      64.4                        -2.1
Last 3 years                              13.6 (31-05-2018)                11.6                       14.0                      14.6                        -2.3
Last 5 years                               9.6 (31-05-2016)                14.5                       15.8                      15.3                        -1.3
Since Inception                           10.0 (26-03-2015)                10.8                       12.7                      12.0                        -1.9                 18,868             20,981             20,175

Sundaram Long Term Tax Advantage Fund II
Last 1 year                               12.3 (29-05-2020)                68.0                       71.6                      64.4                        -3.6
Last 3 years                              14.6 (31-05-2018)                12.2                       14.0                      14.6                        -1.7
Last 5 years                              10.3 (31-05-2016)                14.9                       15.8                      15.3                        -0.9
Since Inception                           10.0 (21-03-2016)                14.9                       16.6                      16.0                        -1.7                 20,579             22,201             21,602

Common for all the performance related information: Past performance may or may not be sustained in future. Performance information is as of May 31, 2021. 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 May 31, 2021.The additional benchmark mentioned here is NIFTY 50 while
for Sundaram Select Focus the additional benchmark is SENSEX TRI. The performance summary is provided only for the funds which have completed one year. For Riskometer, please refer Page 2. Disclosures: Page 49.
                                                                                                                                                                                                                  *Jointly managed

  www.sundarammutual.com                                                    May 2021                                                   Page 6                                           Sundaram Mutual Fund
                                                                                                                                                                                                         Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Market Outlook - Equity
                                                                                                   stressed government finances, the RBI also announced a Rs.991bn dividend transfer to the
May was a strong month with the Sensex growing by 6.5% to 51,937. Vaccination progress,            government that stemmed from a higher-than-expected forex gain. In other policy measures,
Biden’s $6tr expenditure budget, US macro strength, market’s inflation concerns and China’s        the government approved Rs.181bn under the PLI scheme for advance chemistry cell and
commodity crackdown, were the key global highlights. On the domestic front, strong Q4 GDP          battery storage; expected to bring in direct investment Rs450bn. May saw S&P, Moody’s, and
momentum, expanded scope for ECLGS, RBI’s continued liquidity focus, and the RBI’s dividend        the UN downgrade India's GDP on 2nd wave related concerns.
surprise were the key highlights. FII were net buyers at $0.6bn in inflows. The rupee
appreciated by 2% and closed at Rs.72.6 to the dollar, while the dollar index (DXY) weakened       Flows
by 1.6% during the month.                                                                          The market commentary in May remained dominated by investors second-guessing how the
                                                                                                   Fed would react to a surge in inflation. Equity inflows continued. However, the US witnessed
Global                                                                                             outflows while Europe and Japan saw inflows. Inflows into the EM space were largely targeted
Global markets remained relatively muted for the month of May, largely on the back of rising       at China. The flows into ETFs continued alongside inflows into commodities. The bond space
inflation and Fed taper related fears. However, select EMs like India and commodity related        reacted to the Fed and saw outflows while the near-term uncertainty probably had driven
markets appeared to clock strong returns. On the infections front, while the western world         some monies into money market funds. The highlight in the flows space was that of continued
continued to see easing new infections and fatalities, EMs remained mixed with a resurgence        large inflows into cash (since Apr’20), a near 4M high inflow into gold and the largest inflow
of COVID-19 cases in some countries and an elevated infections curve in others. This infections    into Europe since Feb’18. India saw a marginal net inflow of $0.6bn in May, with $0.7bn equity
divergence was also seen in their macro data, with a rising pace of normalisation and macro        outflows and $(0.2)bn debt outflows.
strength emerging in US and Europe. Vaccine news flows were increasingly positive across
the world. The western countries crossed key milestones on their vaccination programs and          Outlook
started vaccinating 12-17Y old populations. Asia saw a pickup in its vaccine administration        The infections curve in the western world has eased up appreciably. However, the infections
with a ramp-up in supply. In the US, while the Biden administration’s infrastructure plan was      and fatality curve in EMs have not eased as much. As a result, both these regions are divergent
heard to be lower than announced, the market focus shifted drastically to Biden's unveiling of     with respect to their economic recoveries. The US has crossed a vaccine milestone, with 51%
the US budget, with $6tr spending in the fiscal year 2022. While the markets normally have         of its population having received at least one dose of the vaccine. The Eurozone is just behind
not paid too much attention to US budgets, this one was particularly important as the level        at 41% and the UK is at 58%. Asia's vaccination rate on the other hand is just under 20%.
of spending announced and the resulting debt/GDP was last seen during World War II. This           India's vaccination pace is picking up and India has administered 228mn doses of vaccine so
led to a positive sentiment in equities and some volatility in bond prices. The market narrative   far. As a percentage of India's population, around 13.2% have received at least one dose of
revolved around global macro data, with the US in particular. US companies reported strong         the vaccine. Those who have been fully vaccinated (both doses) are at 3.2% of the. The daily
results even while many auto and chip companies were heard talking of a continuation of            pace of vaccinations has seen appreciable pickup in the first week of June, at 3.4mn/day with
semiconductor shortages into the quarters ahead. US GDP for the first quarter of 2021 stood        a one-week average of 2.6mn. With various states at different points on the infections/
much higher than expectations on the back of an increase in consumer spending, fixed               vaccinations/reopening curves, the key to note here is where the top states are on vaccination
investment and government spends. Adding momentum to this, US initial jobless claims               pace. The top five states by % of vaccinations (at least one dose) are Kerala (29%), Delhi
continued to drop, the labour market recovery continued, manufacturing and services PMIs           (28%), Gujarat (26%), Chhattisgarh (24%), Karnataka (23%). Measured by at least one dose,
beat expectations, personal income/spending jumped, and US inflation rose higher as well.          Maharashtra is at 19%, Tamil Nadu at 13% and Uttar Pradesh at 9%. We would need these
All of this raised markets expectations of imminent Fed action and kept equity prices in check.    states to see an appreciable pickup in vaccination pace, as a hedge of sorts against the
Eurozone also saw an appreciable improvement, but at a more gradual pace. China on the             possibility of any further COVID-19 waves and related economic impact. Key districts of
other hand witnessed moderation in its economic momentum and there was increasing                  Mumbai (21%), Chennai (32%) and Kolkata (30%) are well above the national averages. This
commentary heard around a gradual softening of its credit impulse. This has been linked by         is an encouraging sign.
the markets to directional movement in commodities. Staying on commodities, news flows             The Fed continues to reiterate its view that the inflation spike seen would be transitory and
through the month indicated that China had strengthened its campaign to cool down the boom         one can hear this narrative repeat across global central banks from Europe to India. Judging
in raw materials. The government mentioned that it would maintain a “zero tolerance” policy        by bond market reaction, it appears as though the markets have bought into the Fed’s narrative
for monopolies it notices in the spot/futures market, and for hoarding and speculation.            of transient inflationary pressures. We continue to expect US yields to not respond in any
                                                                                                   disruptive fashion even as the US growth gathers more speed on opening up. We continue to
Central banks                                                                                      remain focused on the US and global market narrative given the Indian markets close directional
The central banking space remained quiet on policy actions. However, the markets focus on          relation to them.
the Federal Reserve appeared to heighten with strong US macro data releases. Apart from            The RBI continues to remain ahead of the market curve and has been proactive in policy
inflation concerns stemming from large stimuluses from the US government, pent-up demand           announcements. Early June saw the RBI extend its on-tap window, add more liquidity
from reopening of the economy, supply bottlenecks and rising commodity prices were seen            measures to support MSMEs, expanded the resolution framework and continued to signal a
to add more layers of concern for bond markets. The sharp rise in US CPI, well above               pro-growth stance. Its recent move include state development loans also under the G-SAP
expectations fuelled market concerns briefly. The markets read rising inflation as reflective of   facility is an added positive that would greatly help states bring down their interest costs when
an overheating economy and expect the Fed to respond by shrinking its balance sheet through        borrowing from the markets.
a taper of its bond buying program. However, by mid-May, a host of comments from the Fed           The budget signaled a move away from an over reliance on monetary policy and delivered a
greatly helped ease market concerns. The Fed was heard reiterating that it saw elevated            larger than expected fiscal impulse to the economy. The pace of government spending appears
inflation to be transitory in nature, something that most central banks were heard mentioning      to have witnessed a pickup, with focus on capex and we see this carrying through into the
in May. On taper talk, as seen in the Fed minutes, the markets appear to gradually come to         quarters ahead. The government has pulled up growth in the housing sector through various
terms with the act that the talk around this could be heard in upcoming meetings. However,         initiatives seen earlier and is setting right the household investment rate. The consumption
the markets do not expect the taper, in itself, to take place in 2021.                             engine has been reasonably strong over the last few years and with the resumption of the
                                                                                                   investment cycle round the corner, India GDP could very well settle back to the 7% CAGR
Domestic                                                                                           handle soon enough.
After a trying month for the markets in April, the month of May came as relief. The infections     Looking beyond the near-term challenges on account of the second wave of the pandemic,
curve peaked in the first week of the month and witnessed a sharp drop thereafter that             we see medium term domestic macro drivers to remain conducive for corporate earnings to
continued into the month of June. While a bit delayed, the mortality curve also peaked in the      grow at a healthy pace. The recovery across developed markets are additional levers for pick-
month. On vaccines, Sputnik V started production in India under the collaboration of the India's   up in earnings of global cyclicals. Our portfolios will be fairly diversified given the balanced
Panacea Biotech and the Russian sovereign wealth fund, raising expectations of improved            growth expected in the next few years and the broad base recovery across the market cap
vaccine supply into the months ahead. India’s GDP for Q4FY21 was seen to be well above             curve.
market expectations with improved momentum across sectors. It is on the back of this that          Into 2021, we expect continued growth momentum on the back of good monsoons and
the second wave has hit India. Other macro data witnessed rising wholesale inflation and           focused government spends. We see the RBI's pro-growth and comfortable liquidity stances
easing retail inflation, both largely on base effects and some commodity price pressures. Base     to remain, which in turn would help give a push to manufacturing on the side-lines. We see
effects were also seen in industrial production numbers. To contain the infections curve, state    the structural push to manufacturing coming from the China+1 shift and the successful
governments extended their lockdown measures, and this reflected in a shrinking trade deficit      deployment of the PLI schemes across the announced ten sectors. The PLI schemes alone
on account of a sharp drop in imports, seen in early June. With rising crude prices, fuel prices   are expected to add 0.3% to annual GDP in the coming years through new sales and value
were also raised. The government announced a number of measures in the month to prop up            adds. On the whole, synchronous global stimulus measures, global liquidity, vaccination drives,
activity, alleviate stress and ease the financial system. The center increased the subsidy for     restart of the trade engine, a weak dollar and contained commodities are the key global events
DAP fertilizer by Rs.700 per bag. The government also expanded the scope of the Emergency          we see expect for the year ahead that would be a positive for EM equities, India in
Credit Line Guarantee Scheme (ECLGS) scheme, by extending the 100% guarantee on select             particular.
loans for hospitals/nursing homes/medical colleges for setting up on-site oxygen generation        The next few years is expected to be driven by the return of the investment cycle which is
plants. It further extended the validity of the ECLGS scheme/ extended the repayment-tenue         expected to add more muscle to economic recovery. The twin cylinders of investment and
for borrowers/ provided additional assistance and made civil aviation eligible for the scheme.     consumption is expected to fire up the growth through manufacturing and services. Our
May saw the GST council estimating its shortfall in the GST compensation cess to states, at        medium-term approach is to pursue a well-diversified portfolio strategy with focus on growth-
Rs.1.58tr announced that it would borrow this from the market and transfer it to the states.       oriented companies, within the above themes of manufacturing, industrials, consumer,
Heard in the news were reports of another stimulus package by the government and reports           services, and technology.
of the centre working on a moratorium on the repayments of working capital for street vendors.     We remain constructive on India and equities as an asset class. Equities are a long-term asset
Early in the month, in an unscheduled announcement, the RBI provided on-tap liquidity of Rs.       class and require patience from investors to reap the benefits of the long-term compounding
500bn to support medical and logistics infrastructure, spoke of small finance bank lending to      stories we invest in. Like all investments, we reiterate the short-term volatility is something
MFIs to now be considered as priority sector and opened an SME restructuring window. The           that investors must be cognisant of. The flattening pace of the global infections curve, the
RBI provisions now allow banks to create a COVID loan book against which banks can park            expected stimulus from the Biden administration and central bank commentaries are key
equal amount of money with the RBI and avail a concessional rate of interest from the RBI.         events we look out for. We continue to reiterate that medical solution is providing more
Into early June, the RBI announced more measures in extending liquidity support. Helping           confidence and obliterate any current growth constraints.

  www.sundarammutual.com                                          May 2021                                          Page 7                                     Sundaram Mutual Fund
                                                                                                                                                                              Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Market Outlook - Fixed Income
The month of May lacked any big triggers and bond yields traded in a range bound manner            Outlook
with minor movements between various maturity buckets. Most of the action was in 1-5 years         As the second Covid wave subsides, we are witnessing a calibrated reopening now across
of the AAA curve where we saw very thin issuances by PSUs and value buying especially in           states and high frequency data has started to improve. However, the month of May has
3–5-year corporate bonds where yields dropped by 10-20 bps.                                        witnessed the worst of the economic impact. Various mobility indices took a sever hit during
The 10-year benchmark yield remained range bound and hovered between 5.96% and 6.02%               the month. The weakness was apparent in high frequency data like power demand at - 4.8%
in May. It opened the month at 6.00% and closed at 6.02%, down by ~1 basis point (bps)             in May vs. +3.2%% in April, a decline in e-way bills by 16.2% vs. +5.7% in April, fall in rail
from April’s close of 6.03%.                                                                       freight to 4.5% from vs. 5.1% in April. In addition, air passenger traffic and even unemployment
The RBI’s Monetary Policy Committee (MPC) in line with broader market expectations                 rate worsened. The Goods and Services Tax collection for May came at Rs. 1.03 lakh crores
unanimously voted to keep policy rates unchanged. MPC also reiterated its accommodative            vs. record setting Rs. 1.41 lakh crores in April.
policy stance and that they will continue with it as long as necessary to sustain growth on a      This contraction has happened at the time when we had just started to see a nascent recovery
durable basis.                                                                                     as GDP growth inched up to 1.6% YoY in QE Mar 21 from 0.4% in QE Dec. This has led to
Banking system liquidity in May averaged around Rs. 4.6 trillion which was lower from the          market forecasts largely indicating around 3 to 4 % contraction in GDP for QE June 21. The
previous month’s average of Rs. 5.5 trillion (Rev Repo-Repo-Marginal Standing Facility-            reason for this less severe decline when compared to the first lockdowns last year is less
Standing Liquidity Facility + term repo/re-repo).                                                  stringent restrictions and lesser linkages between mobility and economic activity as business
INR traded in the range of 72.43/$ to 73.93/$ and closed at 72.62/$ in May vs 74.08/$ in April.    have adopted COVID-compatible occupational models.
India’s forex reserves increased to $598 bn in last week of May as compared to $588 bn a           The effect of this contraction can be seen on GOI finances where we already have indications
month before.                                                                                      of additional borrowing of Rs. 1.58 tn to fund GST compensation shortfall to states. Further
                                                                                                   latest developments like government’s new vaccination policy and an extension of its free
Domestic Macro Factors                                                                             food program may lead to increase fiscal spending by additional Rs 1.00 tn. On positive side
Industrial Production                                                                              the Reserve Bank of India (RBI) has approved a Rs 99,122-crore Dividend to GOI which is 73%
The Index of Industrial Production (IIP) for March jumped by 22.4% y-o-y vs. -3.4% in February.    higher than entire previous years dividend and around 85% higher than budgeted number for
The improvement in IIP was broad based and across all sectors mainly due to a favorable base       the year.
effect. In sectoral classification, manufacturing and electricity sectors posted robust growth     In this background RBI has announced G-sec acquisition program (G-SAP 2.0) under which it
respectively by 25.8% and 22.5% in March as compared to -3.7% and 0.1% in February. In             will buy INR 1.2tr (for Q2 FY22) government bonds. This 20% increase from G-SAP 1.0 will
used based classification, all the sectors grew substantially posting double-digit growth except   continue to provide the much-needed certainty to bond markets. Further The last pending
the primary goods which grew at a slower pace i.e., by 7.7% only in March. The manufacturing       tranche of G-SAP 1.0 of INR 0.40 tr was announced with provision for SDLs purchases of INR
PMI number rose by 55.5 in April vs. 55.4 in March.                                                0.10 tr.
                                                                                                   On growth and inflation forecast by MPC we have a 100 bp downward revision in FY 2022
GDP                                                                                                GDP forecast to 9.5% and a 10 bps increase in headline CPI forecast to 5.1%. The quarterly
GDP for the Q4 FY2020-21 came as a positive surprise at 1.64% vs. 0.46% printed in Q3              projections by the MPC shows that largest downward revision is in Q1 & Q2 growth and a
FY2020-21. The growth was mainly led by investment and consumption expenditure. GVA                quicker recovery in 2H FY2022, which is in line with what we are seeing in terms of gradual
growth picked up at a strong pace and printed at 3.72% in Q4 FY2020-21 vs. 1.04% in Q3             opening of economy. So, it forecasts Q4 to be a period of start of recovery and normalcy.
FY2020-21. The growth in GVA was led by strong growth in construction and manufacturing            This minor adjustment in CPI may have underplayed upside risks from rising crude oil prices,
which came respectively at 14.53% and 6.93% in Q4 FY2020-21 vs. 6.48% and 1.70% in Q3              commodity prices and worsened logistics cost conditions. These factors can keep core inflation
FY2020-21.                                                                                         elevated going ahead. Further the sharp rise in WPI inflation (11-year high in April 2021) which
GDP growth for FY2020-21 printed as -7.3% y-o-y compared to market estimates around                captures surge in global commodity prices has raised concerns that cost push pressures could
-7.5%. However, contraction in real GVA growth for FY21 was only 6.2% y-o-y as distortion          spill over to CPI inflation. However, till now the MPC has taken these factors to be transient
caused by the payment of arrears of food subsidy dues resulted in higher drag on GDP numbers       in absence of demand-pull inflation. We expect this to continue till the time growth finds firm
compared to GVA. Other than government expenditure, all other components viz private               footing.
consumption, investments showed contraction during the year due to disruptions caused by           Another important data point to note is latest Households' Inflation Expectations Survey where
pandemic.                                                                                          median inflation perception for the current period had shot up to 10.2% in May, up 150 basis
                                                                                                   points from March. Further, three-month, and one-year ahead inflation expectations were both
External Trade                                                                                     up 70 bps from March at 10.8% and 10.9%, respectively. This number may not mean anything
India’s external trade deficit narrowed to $6.3 bn in May from a deficit of $15.1 bn in April.     by itself but direction and sharp rate of change here is worth a mention as market gauges
Exports grew by 67.4% in May as compared to 195.7% in April and Imports rose by 67.4 %             stickiness of high inflation trend.
y-o-y in May as compared to 167.1% y-o-y in April. The sharp rise in y-o-y numbers was again       In the coming month, yields are likely to be guided by GSAP program, open market operations
due to favorable base effects as previous year’s lockdown had halted trade activity. On monthly    (OMOs) , investor appetite at G-sec auctions, FOMC outlook, foreign portfolio investment (FPI)
basis, imports reduced to $ 38.53 bn in May vs. $ 45.72 bn in April whereas exports increased      flows, commodities and crude oil prices.
to $ 32.21 bn in May as compared to $ 30.63 bn in April. Both the oil imports and exports          Going ahead amid the debate on global price pressures being transient or permanent, RBIs
witnessed modest rise in the month of May.                                                         priority focus will remain to support economic growth with continuation of an easy monetary
                                                                                                   policy in an environment presenting conflicting objectives of managing inflation, bond yields
                                                                                                   and the rupee. This would mean we will continue to see RBI’s intervention in both GSEC and
Tax Revenue                                                                                        Forex Markets with the objective regulating liquidity and orderly evolution of yield curve.
The Goods and Services Tax collection for May came at Rs. 1.03 lakh crores vs. Rs. 1.41 lakh       However, in coming quarters there can be two possible scenarios which can give some space
crores in April. The Rs. 1.03 lakh crore collected includes Central GST of Rs. 17,592 crores,      to RBI to allow partial reversal of the extremely monetary policy deployed currently. First,
State GST of Rs. 22,653 crores, Integrated GST of Rs. 53,199 crores and Cess of Rs. 9,265          inflation surprises on the upside consistently (~6%) and fast-tracked vaccination process
crores.                                                                                            results in actual growth beating the current forecast. Second, Growth/ Yield differential
                                                                                                   between India and world worsens due to asynchronous recovery leading to fall in BOP surplus.
Inflation                                                                                          The RBI then may not have to intervene heavily in forex market like last financial year resulting
Headline CPI inflation for April moderated to 4.3% vs. 5.5% in March. The moderation in CPI        in a kind of cap on domestic liquidity.These scenarios can easily take some quarters to pan
was led by lower food inflation and favorable base effect. The reduction in food inflation was     out if not more but in current environment where global economy goes through biggest
driven by reduction in prices of vegetables. The food and beverages inflation reduced to 2.7%      monetary experiment in response to severe economic damage inflicted by pandemic, the
y-o-y in April vs. 5.2% y-o-y in March. The Core CPI Inflation (CPI ex-food & beverages, fuel)     actual outcomes can easily be the least expected ones. We suggest that investors match
dropped to 5.4% in April compared to 5.9% in March mainly due to slow paced rise in prices         their investment horizon with portfolio duration and select strategies which offer lower inherent
of transportation services and education and household goods and services.                         risk in the portfolio in form roll down opportunities or active duration strategies in lower duration
                                                                                                   buckets. Finally, the yield curve is steep as longer maturities offer substantial spread and offer
WPI inflation for April rose to 10.49% compared to 7.39% seen in March and market                  inherent protection up to a level to the investor on yield rise. A systematic investment in longer
expectation of 9.35%. The rise was led by cost of fuel and power and primary articles which        duration buckets can also be suggested for investor with longer investment horizon. These
picked up respectively to 20.9% y-o-y and 10.16% y-o-y in April vs. 10.3% y-o-y and 20.9% y-       ideas can be executed with investing our funds like Sundaram Ultra Short term, Sundaram
o-y in March.                                                                                      Low Duration, Short Term Debt, Sundaram Banking and PSU, Sundaram Corporate Bond and
                                                                                                   Sundaram Medium Term Fund, depending on your risk-return objective.

  www.sundarammutual.com                                          May 2021                                           Page 8                                      Sundaram Mutual Fund
                                                                                                                                                                                 Designed by Morningstar
Fact Sheet for May 2021 - Sundaram Mutual Fund
Sundaram Diversified Equity
Category                       :
                             ELSS                                                                          Portfolio                                   NAV*: Regular-Growth:                   128.1810              IDCW:                 13.1332
Fund Type                      :
                             Open ended Fund                                         Security                            Weight                        NAV*: Direct-Growth:                    132.6724              IDCW:                 15.5901
Benchmark TRI                  :
                             S&P BSE 200 TRI Index                                   HDFC Bank                              7.5
                                                                                     Reliance Industries                    7.2                                                             Performance
Fund Manager                   :
                             S. Bharath
                             Rohit Seksaria                                          ICICI Bank                             7.1                        Performance               NAV per          Fund Benchmark              Nifty 50         Excess
                                                                                     Infosys                                6.4                        Period                    Unit ( )          (%)    TRI                 TRI(%)           Points
S Bharath has 17 years experience and managing this fund                             HDFC                                   5.0
                                                                                                                                                                                                          (%)
since July 2020. Rohit Seksaria has 17 years of experience                           Axis Bank                              4.5
                                                                                     Tata Consultancy Servs                 3.1                        Last 1 year                     78.07        64.2   68.5                 64.4                  -4.3
and managing this fund since Feb 24, 2021.
                                                                                     HCL Technologies                       3.1                                                 (29-05-2020)
                     Investment Objective                                            State Bank of India                    3.0                        Last 3 years                   103.60            7.4        14.5         14.6                  -7.1
                                                                                     Grindwell Norton                       2.9                                                 (31-05-2018)
To achieve capital appreciation by investing predominantly
                                                                                     Varun Beverages                        2.8                        Last 5 years                    74.39       11.5            15.8         15.3                  -4.3
in equities and equity-related instruments. A three-year lock-                       Navin Fluorine Intl                    2.7                                                 (31-05-2016)
in period shall apply in line with the regulation for ELSS                           UltraTech Cement                       2.5                        ~Since Inception                10.00       16.2            13.8         13.5                  2.5
schemes.                                                                             Larsen & Toubro                        2.3                                                 (22-11-1999)
                                                                                     Quess Corp                             2.3
      Active Industry Bets versus Benchmark                                          Ramco Cements                          2.3
                                                                                     SBI Life Insurance                     2.1                                                             10,000 invested
   Overweight                                        Underweight
                                                                                     Bharti Airtel                          2.1                        Period                                  Fund             Benchmark TRI            Nifty 50 TRI
   Industrial Products                               Finance                         Emami                                  2.0                        Last 1 year                             16,418                16,852                  16,443
   Banks                                             Power                           Jubilant Foodworks                     2.0                        Last 3 years                            12,372                15,007                  15,053
   Other Services                                    Auto                            Bharat Petroleum Corp                  1.7                        Last 5 years                            17,231                20,828                  20,355
                                                                                     Crompton Greaves Consumer              1.7                        Since Inception                       2,55,613              1,60,637               1,52,274
                 Industry Classification (%)                                         Mahindra & Mahindra                    1.5
                                                                                     Schaeffler India                       1.4
                                                                                     Jindal Steel & Power                   1.4                                           Growth of 10,000 since inception
                                   Banks                       23.9                  Divi's Laboratories                    1.3                                     2,55,613
                              Software                 12.5                          Hindustan Unilever                     1.2
                 Petroleum Products                  8.9                             Century Plyboards (India)              1.2
          Consumer Non Durables                      7.7                             Sun Pharmaceuticals Indus              1.2
                                                                                     HealthCare Global                      1.0                                                                         1,60,637
                               Finance           5.0                                                                                                                                                                                       1,52,274
      Cement & Cement Products                   4.8                                 Container Corp of India                1.0
                                                                                     Tata Consumer Products                 1.0
                  Industrial Products           4.4
                                                                                     Bajaj Finserv                          1.0
                    Pharmaceuticals             3.9                                  Apollo Hospitals                       0.9
                             Insurance          3.8                                  UPL                                    0.9
                Consumer Durables               2.8                                  Hindalco Industries                    0.9                            10,000                              10,000                             10,000

                            Chemicals          2.7
                                                                                     Dr Reddy's Laboratories                0.8
                                                                                     ITC                                    0.8
                Construction Project           2.4                                   GAIL (India)                           0.8                                 Fund                         Benchmark TRI                   Additional Benchmark TRI
                       Other Services          2.3                                   Kotak Mahindra Bank                    0.7
                                                                                                                                                                                   Investment             Value as on May 2021
                 Telecom - Services            2.1                                   ICICI Lombard General                  0.7
                                    Auto       2.0                                   Cipla                                  0.7
                    Leisure Services           2.0                                   The Federal Bank                       0.6                                                Value of 10,000-a-month SIP
                Healthcare Services            2.0
                                                                                     Bank of Baroda                         0.6                        Period                          Investment             Fund        Benchmark Nifty 50 TRI
                                                                                     Siemens                                0.5                                                                                               TRI
                      Ferrous Metals           1.4
                                                                                     Rane Holdings                          0.5
                       Transportation          1.0                                   Tata Motors                            0.5                        Since Inception Returns (%)      -                       16.87           N.A.       14.83
                            Pesticides         0.9                                                                                                     ~~Since Inception           25,80,000              2,13,65,053           N.A. 1,62,01,212
                                                                                     Equity                                99.2
                                                                                                                                                       Since Inception(Benchmark 17,80,000                  45,77,143      52,25,235   49,30,138
               Non - Ferrous Metals            0.9                                   Cash, Call, NCA & Primary Mkt Appln    0.8
                                   NULL        0.8                                                                                                     TRI)
                                                                                     No of Stocks                            47                        Last 5 years                 6,00,000                  8,07,097       9,28,752          9,20,074
                                    Gas        0.8                                   Turnover Ratio (%)                      46                        Last 3 years                 3,60,000                  4,71,996       5,10,472          4,99,682
           Industrial Capital Goods            0.5
                                                                                                                                                       Last 1 year                  1,20,000                  1,52,524       1,55,071          1,52,228
                      Auto Ancillaries         0.5

                                           0     8 16 24 32 40 48                                                                                        Performance Analysis (Based on monthly 3 Yrs returns)
                                                                                                                                                                                                    Fund                        Benchmark TRI
                                                                                                                                                       Arithmetic Mean                               10.2                           16.2
   Active Stock Allocation versus Benchmark
                                                                                                                                                       Standard Deviation                            23.9                           22.4
   Overweight                                        Underweight                                                                                       Correlation                                    1.0                            -
   Grindwell Norton                                  Kotak Mahindra Bank                                                                               Beta                                           1.0                            -
   Navin Fluorine Intl                               Bajaj Finance                                                                                     Sharpe Ratio                                   0.2                            0.5
   Varun Beverages                                   Asian Paints                                                                                      Sortino Ratio                                  0.2                            0.8
   Quess Corp                                        ITC                                                                                               Alpha                                         -6.8                            -
   Axis Bank                                         Hindustan Unilever                                                                                Tracking Error                                 4.9                            -
                                                                                                                                                       Information Ratio                             -1.5                            -
Weighted Avg Market Cap:                                         3,76,323 Cr.                                                                          Treynor Ratio                                  3.8                            -
Median Market Cap:                                                 87,932 Cr.                                                                         Past performance may or may not be sustained in future. Return/investment value are as of
                                                                                                                                                      May 31, 2021 are computed using an adjusted series of NAV for IDCW declared before separate
Avg AUM:                                                            2,275 Cr.                                                                         IDCW 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
Month End AUM:                                                      2,345 Cr.                                                                         Plan-Growth Option. Value of 10,000 invested at inception is as on May 31, 2021. SIP values are
                                                                                                                                                      in rupees. Performance Analysis on annualized basis except Beta and Correlation. The risk free Index
            IDCW History: Refer page 45-48                                                                                                            is MIBOR Overnight - 3.39.
                                                                                                                                                      ~~ 'Since inception' SIP performance has not been provided for the benchmark and additional
                                                                                                                                                      benchmark since TRI data is not available. Hence, ‘Since Inception of Benchmark TRI’ SIP performance
                                                                                                                                                      has been provided.~ As TRI data is not available since inception of the scheme, benchmark
                                                                                                                                                      performance is calculated using composite CAGR of S&P BSE 200 PRI values from 22/11/1999 to
                                                                                                                                                      01/08/2006 and TRI values since 01/08/2006 as per SEBI regulations.

Fund Facts: • Type: An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefits. • The fund was erstwhile known as Sundaram Tax Saver • “ The name change is effective May 02, 2017” • Launch: November 1999
• Bloomberg: SNDTAXG IN • Plans: Regular & Direct • Options: Growth, Pay Out of IDCW, Transfer of IDCW, The reinvestment option of IDCW has been discontinued w.e.f. March 11, 2015. Outstanding units in the Reinvestment option which are under
lock-in shall continue to be so until expiry of three years from the date of original investment • Minimum Amount: 500 • SIP/STP: Daily (STP) – 1000 w.e.f. June 09, 2017, Weekly 1000, Monthly 250, Quarterly 750 Terms of offer: NAV Exit
Load: Nil (lock-in period 36 months). J Venkatesan was the fund manager for the fund till March 31, 2015. Asset Allocation graph as per AMFI Industry Classification. • S.Krishnakumar was jointly managing this fund till Feb 24, 2021. * Fund NAV is as
of last working day of the given month. IDCW - Income Distribution cum Capital Withdrawal. For Riskometer, please refer Page 2. Disclosures: Page 49.
  www.sundarammutual.com                                                            May 2021                                                         Page 9                                                   Sundaram Mutual Fund
                                                                                                                                                                                                                               Designed by Morningstar
Sundaram Bluechip Fund
Category                       :
                              Large Cap                                                                    Portfolio                                    NAV*: Regular-Growth:                  13.0519             IDCW:                 13.0516
Fund Type                      :
                              Open ended Fund                                        Security                                        Weight             NAV*: Direct-Growth:                   13.2187             IDCW:                 13.2173
Benchmark TRI                  :
                              Nifty 100 TRI                                          ICICI Bank                                         7.8
                                                                                     Infosys                                            7.5
                                                                                                                                                                                             Performance
Fund Manager                   :
                              Rahul Baijal
                              S Bharath                                              HDFC Bank                                          7.0             Performance               NAV per         Fund Benchmark            Nifty 50         Excess

Rahul Baijal has experience of 19 years and is managing the                          Reliance Industries                                6.8             Period                    Unit ( )         (%)    TRI               TRI(%)           Points

fund since launch. S Bharath has 17 years of experience and                          State Bank of India                                5.2                                                               (%)

managing this fund since Feb 24, 2021.                                               HDFC                                               4.5             Since Inception                10.00        47.4   51.8               50.6                 -4.4
                                                                                     Tata Consultancy Servs                             4.2                                     (08-10-2020)
                     Investment Objective                                            Larsen & Toubro                                    3.8
                                                                                     Axis Bank                                          3.7                                                 10,000 invested
The investment objective of the scheme is to generate capital                        HCL Technologies                                   2.3             Period                                 Fund              Benchmark TRI         Nifty 50 TRI
appreciation by investing in large cap stocks.
                                                                                     Bharti Airtel                                         2.2          Since Inception                        13,052                13,333                13,258
      Active Industry Bets versus Benchmark                                          Bharat Petroleum Corp                                 2.1
                                                                                     MindTree                                              2.1                            Growth of 10,000 since inception
   Overweight                                    Underweight
                                                                                     Gland Pharma                                          2.1                                                          13,333                           13,258
                                                                                                                                                                    13,052
   Banks                                         Consumer Non                        Procter & Gamble Hygiene                              1.8
   Software                                      Durables                            Hindustan Unilever                                    1.7
   Industrial Products                           Power                               PI Industries                                         1.7             10,000                              10,000                           10,000

                                                 Auto                                Astral                                                1.6
                                                                                     Ambuja Cements                                        1.6
                 Industry Classification (%)                                         Indraprastha Gas                                      1.5
                                                                                     Bajaj Finserv                                         1.5
                                   Banks                          26.3               Tata Steel                                            1.4
                              Software                     16.1                      Whirlpool of India                                    1.3
                 Petroleum Products                  9.0                             Shriram Transport Finance                             1.3
                                                                                     Varun Beverages                                       1.3
          Consumer Non Durables                      8.1                                                                                                         Fund                        Benchmark TRI                 Additional Benchmark TRI
                                                                                     UltraTech Cement                                      1.2
                               Finance           6.4                                 Sun Pharmaceuticals Indus                             1.2                                     Investment           Value as on May 2021
                    Pharmaceuticals             4.6                                  Hindalco Industries                                   1.2
                Construction Project            3.8                                  United Spirits                                        1.1                                Value of 10,000-a-month SIP
                                                                                     Dabur India                                           1.1
                             Insurance          3.6                                                                                                     Period                         Investment           Fund         Benchmark Nifty 50 TRI
      Cement & Cement Products                 2.8                                   IndusInd Bank                                         1.1                                                                              TRI
                                                                                     Tata Consumer Products                                1.0          Since Inception Returns (%)          -                43.57          47.08       45.06
                                    Auto       2.3
                                                                                     SBI Life Insurance                                    1.0
                                                                                                                                                        Since Inception                    70,000            78,968         79,617      79,246
                  Telecom - Services           2.2                                   Motherson Sumi Systems                                1.0
                                   NULL        2.0                                   APSEZ                                                 1.0        Past performance may or may not be sustained in future. Returns/investment value are as of
                                                                                                                                                      May 31, 2021. Returns are on a compounded annual basis for period more than one year and simple
                Consumer Durables              1.9                                   Kotak Mahindra Bank                                   1.0        annualised for less than one-year period and computed using NAV of Regular Plan-Growth Option.
                                                                                     Metropolis Healthcare                                 0.9        Value of 10,000 invested at inception is as on May 31, 2021. SIP values are in rupees. Performance
                            Pesticides         1.7
                                                                                     Maruti Suzuki India                                   0.9        Analysis on annualized basis except Beta and Correlation. The risk free Index is MIBOR Overnight
                  Industrial Products          1.6                                                                                                    3.39.
                                                                                     Ashok Leyland                                         0.9
                                    Gas        1.5                                   Cipla                                                 0.8
                      Ferrous Metals           1.4                                   Phoenix Mills                                         0.8
               Non - Ferrous Metals            1.2                                   Bajaj Finance                                         0.6
                      Auto Ancillaries         1.0                                   The Federal Bank                                      0.6
                                                                                     Titan Co                                              0.6
                       Transportation          1.0
                                                                                     ICICI Lombard General                                 0.6
                Healthcare Services            0.9                                   HDFC Life Insurance                                   0.5
                         Construction          0.8                                   Mahindra & Mahindra                                   0.5
                                                                                     Alkem Laboratories                                    0.5
                                           0     9 18 27 36 45 54
                                                                                     Equity                                               98.0
                                                                                     Cash, Call, NCA & Primary Mkt Appln                   2.0
   Active Stock Allocation versus Benchmark                                          No of Stocks                                           48
   Overweight                                    Underweight                         Turnover Ratio (%)                                     72
   State Bank of India                           ITC
   MindTree                                      Kotak Mahindra Bank
   Gland Pharma                                  Reliance Industries
   ICICI Bank                                    Asian Paints
   PI Industries                                 HDFC Bank

Weighted Avg Market Cap:                                            4,02,552 Cr.
Median Market Cap:                                                    98,987 Cr.
Avg AUM:                                                               1,025 Cr.
Month End AUM:                                                         1,074 Cr.

            IDCW History: Refer page 45-48

Fund Facts: Type: An open ended equity scheme predominantly investing in large cap stocks • Launch: October 2020 • Plans: Regular & Direct • Options: Growth, Pay Out of IDCW, Transfer of IDCW, Re-Investment of IDCW • Minimum Amount: 100
• SIP/STP: Daily (STP) – Rs.1000, Weekly 1000, Monthly 100, Quarterly 750 • Terms of offer: NAV; Exit Load : If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 Year from the date of allotment:
• for up to 25% of such units - exit load: Nil. • for more than 25% of such units Exit Load: 1% of applicable Net asset Value (NAV). If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the
date of allotment – NIL • S.Krishnakumar was jointly managing this fund till Feb 24, 2021. * Fund NAV is as of last working day of the given month. IDCW - Income Distribution cum Capital Withdrawal.For Riskometer, please refer Page 2. Disclosures:
Page 49.

  www.sundarammutual.com                                                            May 2021                                                        Page 10                                                Sundaram Mutual Fund
                                                                                                                                                                                                                              Designed by Morningstar
Sundaram Select Focus
Category                       :
                              Focused Fund                                                                  Portfolio                                    NAV*: Regular-Growth:                   240.1490              IDCW:                 15.6813
Fund Type                      :
                              Open ended Fund                                        Security                                         Weight             NAV*: Direct-Growth:                    255.5346              IDCW:                 16.8838
Benchmark TRI                  :
                              Nifty 50 Index                                         ICICI Bank                                          9.9
                                                                                     Infosys                                             9.4
                                                                                                                                                                                              Performance
Fund Manager                   :
                              Rahul Baijal
                              S Bharath                                              HDFC Bank                                           9.3             Performance               NAV per          Fund Benchmark              Sensex           Excess

Rahul Baijal has experience of 19 years and is managing the                          Reliance Industries                                 6.8             Period                    Unit ( )          (%)    TRI                 TRI(%)           Points

fund since October 2016. S Bharath has 17 years of                                   Larsen & Toubro                                     5.4                                                                (%)

experience and managing this fund since Feb 24, 2021.                                State Bank of India                                 5.4             Last 1 year                   159.14         50.9   64.4                 62.1                  -13.5
                                                                                     Axis Bank                                           5.3                                      (29-05-2020)
                     Investment Objective                                            Tata Consultancy Servs                              5.2             Last 3 years                  169.21        12.4            14.6         15.0                   -2.2
                                                                                     HDFC                                                4.7                                      (31-05-2018)
To achieve capital appreciation through concentrated                                 HCL Technologies                                    4.3             Last 5 years                  121.87        14.5            15.3         15.7                   -0.7
investments in equity and equity related instruments of large
                                                                                                                                                                                  (31-05-2016)
cap companies.                                                                       Bharat Petroleum Corp                                   4.1
                                                                                     Sun Pharmaceuticals Indus                               2.9         Since Inception                 10.00       18.4            17.5         18.1                   0.8
      Active Industry Bets versus Benchmark                                          Bharti Airtel                                           2.9                                  (30-07-2002)

   Overweight                                     Underweight                        PI Industries                                           2.8
                                                                                     Varun Beverages                                         2.7                                             10,000 invested
   Banks                                          Finance                            Indraprastha Gas                                        2.1         Period                                 Fund             Benchmark TRI           Sensex TRI
   Construction Project                           Auto                               Tata Consumer Products                                  2.0         Last 1 year                            15,090                16,443                16,209
   Software                                       Consumer Non                       Bajaj Finserv                                           1.9         Last 3 years                           14,193                15,053                15,230
                                                  Durables                           Hindustan Unilever                                      1.8         Last 5 years                           19,706                20,355                20,721
                                                                                     UltraTech Cement                                        1.7         Since Inception                      2,40,149              2,10,349              2,30,293
                 Industry Classification (%)
                                                                                     Ashok Leyland                                           1.3
                                                                                     Tata Steel                                              1.2                           Growth of 10,000 since inception
                                   Banks                    31.0                     Kotak Mahindra Bank                                     1.1                     2,40,149

                              Software               18.9
                                                                                     Motherson Sumi Systems                                  1.0                                                                                             2,30,293
                                                                                                                                                                                                          2,10,349
                                                                                     Cipla                                                   0.8
                 Petroleum Products                10.9                              ICICI Lombard General                                   0.5
                                                                                     Crompton Greaves Consumer                               0.5
          Consumer Non Durables                6.5
                                                                                     Phoenix Mills                                           0.5
                Construction Project          5.4                                    Maruti Suzuki India                                     0.5
                                                                                     Mahindra & Mahindra                                     0.0
                               Finance        4.7
                                                                                     Equity                                                97.7
                     Pharmaceuticals          3.7
                                                                                     Cash, Call, NCA & Primary Mkt Appln                    2.3             10,000                               10,000                             10,000
                  Telecom - Services         2.9                                     No of Stocks                                            30
                             Pesticides      2.8                                     Turnover Ratio (%)                                      69                   Fund                         Benchmark TRI                   Additional Benchmark TRI

                             Insurance       2.4                                                                                                                                    Investment             Value as on May 2021

                                   NULL      2.3
                                                                                                                                                                                Value of 10,000-a-month SIP
                                    Gas      2.1
                                                                                                                                                         Period                          Investment             Fund        Benchmark Sensex TRI
                                    Auto     1.8                                                                                                                                                                                 TRI
                                                                                                                                                         Since Inception Returns (%)      -                      14.29            14.69       15.08
      Cement & Cement Products               1.7
                                                                                                                                                         Since Inception             22,60,000             1,02,82,588      1,07,59,243 1,12,49,337
                       Ferrous Metals       1.2                                                                                                          Last 5 years                 6,00,000                8,81,230         9,20,074    9,26,616
                      Auto Ancillaries      1.0                                                                                                          Last 3 years                 3,60,000                4,78,768         4,99,682    4,95,046
                                                                                                                                                         Last 1 year                  1,20,000                1,47,549         1,52,228    1,49,650
                Consumer Durables           0.5

                          Construction      0.5
                                                                                                                                                          Performance Analysis (Based on monthly 3 Yrs returns)
                                                                                                                                                                                                      Fund                        Benchmark TRI
                                           0 11 22 33 44 55 66                                                                                           Arithmetic Mean                               14.1                           16.2
                                                                                                                                                         Standard Deviation                            21.3                           22.1
   Active Stock Allocation versus Benchmark                                                                                                              Correlation                                    1.0                            -
                                                                                                                                                         Beta                                           1.0                            -
   Overweight                                     Underweight                                                                                            Sharpe Ratio                                   0.4                            0.5
   Bharat Petroleum Corp                          Reliance Industries                                                                                    Sortino Ratio                                  0.6                            0.8
   ICICI Bank                                     ITC                                                                                                    Alpha                                         -1.3                            -
   State Bank of India                            Kotak Mahindra Bank                                                                                    Tracking Error                                 3.7                            -
   PI Industries                                  Bajaj Finance                                                                                          Information Ratio                             -0.6                            -
   Larsen & Toubro                                HDFC                                                                                                   Treynor Ratio                                  9.5                            -
                                                                                                                                                       Past performance may or may not be sustained in future. Returns/investment value are as of
Weighted Avg Market Cap:                                       4,61,127 Cr.                                                                            May 31, 2021. 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
Median Market Cap:                                             1,90,610 Cr.                                                                            invested at inception is as on May 31, 2021. SIP values are in rupees. Performance Analysis on
Avg AUM:                                                          1,226 Cr.                                                                            annualized basis except Beta and Correlation. The risk free Index is MIBOR Overnight 3.39.

Month End AUM:                                                    1,273 Cr.

            IDCW History: Refer page 45-48

Fund Facts: Type: An open ended equity scheme investing in maximum 30 stocks with a focus on large cap companies • Launch: July 2002 • Bloomberg: SUNSFOG IN • Plans: Regular & Direct • Options: Growth, Pay Out of IDCW, Transfer of IDCW,
Re-Investment of IDCW • Minimum Amount: 100 • SIP/STP: Daily (STP) – 1000 w.e.f. June 09, 2017, Weekly 1000, Monthly 100, Quarterly 750. • Terms of offer: NAV Exit Load: If up to 25% of the units are redeemed, withdrawn by way of
SWP or transferred by way of STP within 365 days from the date of allotment. – No Exit Load. If more than 25% of the units are redeemed, withdrawn by way of SWP or transferred by way of STP within 365 days from the date of allotment - exit load of
1% of the applicable NAV will be charged. For redemption or transfer by way of STP or withdrawal by way of SWP after 365 days from the date of allotment - Nil (w.e.f. March 02,2020). • Waiver of Exit load on intra -scheme and Inter- schemes
transactions: Presently an exit load of 1% has been charged for intra- scheme and Inter- scheme switch- out transactions. It has been decided to waive the exit load on intra- scheme and Inter -scheme switch -outs for all purchase transactions effected
from March 02, 2020. J Venkatesan was the fund manager for the fund till March 31, 2015. Asset Allocation graph as per AMFI Industry Classification. • Sundaram Growth Fund has been merged with Sundaram Select Focus w.e.f. September 16, 2016
• Shiv Chanani was managing the fund since April 2015 till Sep 2016. * Fund NAV is as of last working day of the given month. IDCW - Income Distribution cum Capital Withdrawal.For Riskometer, please refer Page 2. Disclosures: Page 49.

  www.sundarammutual.com                                                            May 2021                                                         Page 11                                                  Sundaram Mutual Fund
                                                                                                                                                                                                                                 Designed by Morningstar
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