Sundaram Banking & PSU Fund Direct-Growth
Key Talking Points
Relatively low expense ratio
Expense ratio of the scheme (0.27%) is lower than average expense ratio of the category (0.49%), excluding index funds and ETFs
This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same
What is Expense ratio?
3-year performance has been average
3-year CAGR of 7.13% is between 25th and 75th percentile in its category - Debt: Banking and PSU
This is measured by percentile rank of the scheme in its category based on 3-year CAGR. Lower rank implies that scheme was a relative outperformer in its category
What is CAGR (3Y)?
Moderate performance consistency
The scheme was a top-quartile (25%) performer in 6.0 out of last 12 quarters
This is measured as the number of quarters, in the last 12 quarters, that the scheme was in the top quartile (25th percentile). Higher number implies that scheme has been a consistent performer
What is Consistency (quarterly)?
Relatively in line volatility
Volatility of scheme returns is roughly in the range of average volatility of the category
This measures the volatility of monthly returns of the scheme (in the last 3 years) with respect to average volatility of the category. Higher number implies that scheme has been riskier that average category risk
What is Volatility (3Y)?
Scheme Overview
The scheme seeks to generate income and capital appreciation by predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.