Sundaram Select Mid Cap Fund, still amongst the best midcap funds
August 21st, 2011
A fund that started in July 2002, having an asset size of 2315 crores as of July 2011 (2151.3 Cr in June 2011), having an average weighted market capitalization of Rs. 6889 crores, the Sundaram Select Mid Cap Fund is one of the best midcap mutual funds available in the Indian mutual funds space. The fund has given a since-inception returns of 30.4% compared to its BSE Mid-cap Index benchmark of 17.9% proving it a good long term choice.
The scheme had IPCA Labs, Indraprashta Gas, IndusInd Bank, Coromandel Fertilizers, Petronet LNG, FAG Bearings, Trent, EID Parry, Idea Cellular and Bosch Limited as its top 10 holdings.
The scheme is overweight in Fertilisers & Chemicals, Auto Ancillaries, Energy - Utilities and underweight on Financial Services, Services and Industrial Manufacturing.
The scheme has given a dividend of 20% in November 2010 and a total of Rs. 9.5 per unit in the last three years.
The scheme is currently placed at Rank #67 amongst 263 diversified equity schemes on Moneycontrol. With an ‘Average’ Risk Grade and an ‘Above Average’ Return Grade, the script is 4-star rated on ValueResearch.
Entry Filed under: Mutual Funds, Sundaram Mutual Fund, Midcap Funds
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