Sundaram Midcap Fund is a phenomenal long term wealth creation story. If you invested Rs 1 lakh in the scheme at the time of its launch in 2002, the value of your investment as on 23rd June 2023 would have been over Rs 80 lakhs. In other words, Sundaram Midcap Fund would have multiplied your investment by more than 80 times in the last 21 years. The compounded annual growth rate (CAGR) of investment in this midcap scheme since inception is more than 23%.
Source: Advisorkhoj Research
Sundaram Midcap Fund was launched in July 2002 and has Rs 7,549 crores of assets under management (AUM). The expense ratio of the scheme is 1.82%. The portfolio turnover ratio of the scheme is 46%. After the acquisition of Principal Asset Management Company (AMC) by Sundaram MF, the erstwhile Principal Midcap Fund was merged with Sundaram Midcap Fund. Mr. Bharath S and Mr. Ratish B Varier are the fund managers of this scheme.
The table below shows how much money would have accumulated over different periods (as on 23rd June 2023), if you invested Rs 10,000 every month in the scheme through Systematic Investment Plan. You can see that you could have created substantial amounts of wealth by investing in this scheme through SIP over long investment tenures.
Source: Advisorkhoj Top Performing Systematic Investment Plan - Equity: Mid Cap
Suggested reading – how much mid and small cap allocations you should have in your portfolio
The chart below shows the 7 year rolling returns of Sundaram Midcap Fund versus the midcap funds category average rolling returns since the inception of the scheme. You can see that across different market conditions, the scheme has outperformed the category average most of the times over 7 year investment tenures. The average 7 year rolling returns of the scheme since inception is nearly 20%.
Source: Advisorkhoj Rolling Returns Calculator
If we increase our investment tenure to 10 years, the outperformance of Sundaram Midcap Fund versus its average peers is even higher. You can see scheme has outperformed the category average 100% the times over 10 year investment tenures. The average 10 year rolling returns of the scheme since inception is also nearly 20%.
Source: Advisorkhoj Rolling Returns Calculator
The table below shows the performance of Sundaram Midcap Fund versus its benchmark index, Nifty Midcap 150 TRI in various large drawdowns. You can see that in most major drawdowns the scheme was able to limit downside risks for investors.
Source: Advisorkhoj Research
Investors should consult with their financial advisors or mutual fund distributors to see if Sundaram Midcap Fund is suitable for their investment needs.
Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.
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