Sundaram Long Term Tax Advantage Fund Series II Direct Growth NAV
AMFI: 135682ISIN: INF903J011W9Sundaram Mutual FundELSS funds
Last NAV ₹36.3216
Last NAV, 23 Mar 2026. The fund stopped declaring a NAV after this date.
Other plans: Direct IDCW ₹28.0616 · Regular IDCW ₹27.0320 · Regular Growth ₹35.1776
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹13 CrFeb 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 19.428 Feb 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighJan 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 3028 Feb 2026
- Offer openedNew fund offer opened. The day the fund's new fund offer opened for investors to apply; units are allotted when it closes. New fund offer opened in the glossary
- 3 Nov 2015
Sundaram Long Term Tax Advantage Fund Series II returns
Direct Growth plan
At the month end, 28 Feb 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +18.77% | +14.85% |
| 3 years | +16.44% | +17.57% |
| 5 years | +14.87% | +14.76% |
| Since launch | +14.68% | +15.13% |
Benchmark: BSE 500 TRI. Both as the fund house states them for the month.
Sundaram Long Term Tax Advantage Fund Series II expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 2.02%, Mar 2019.Direct plan lowest 0.98%, Dec 2019.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 1.04% | 1.25% |
| For money from smaller towns | None | None |
| Exit load allowance | None | None |
| GST on fees | 0.12% | 0.12% |
Per cent of assets a year, filed for 23 Mar 2026. The parts add up to that day's total.
Buying and selling
- Exit load, at launchExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- Entry Load: Nil; Exit Load: Not applicable
- Lump-sum purchases
- Not accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹500
- Minimum redemption
- ₹0
- SIP
- Not accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- 3 years
As listed for this plan on 29 Oct 2026.
How Sundaram Long Term Tax Advantage Fund Series II is taxed
Each purchase, including each SIP instalment, is locked in for 3 years, so gains are always long-term and taxed at 12.5% above ₹1.25 lakh a year. Under the old tax regime only, up to ₹1.5 lakh a year invested can be deducted from taxable income, a limit shared with EPF and life insurance premiums.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
Sundaram Long Term Tax Advantage Fund Series II AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans. Average assets under management: how it is worked out
- ₹12 CrQuarter to Mar 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 4.0%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹26 Cr, quarter to Sep 2018.
Assets at each month end
Highest ₹24 Cr, Feb 2019.Lowest ₹9 Cr, Mar 2020.
Sundaram Long Term Tax Advantage Fund Series II portfolio
Portfolio disclosed for 28 Feb 2026.
Holdings on 28 Feb 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|---|
| ICICI BankBanks | Large cap5th | 9.20% | 1.20 | 8,734 | Mar 2016or earlier |
| HDFC BankBanks | Large cap2nd | 8.55% | 1.12 | 12,610 | Sep 2019 |
| State Bank of IndiaBanks | Large cap6th | 8.32% | 1.09 | 9,064 | Mar 2016or earlier |
| Reliance IndustriesPetroleum Products | Large cap1st | 7.43% | 0.97 | 6,978 | Mar 2016or earlier |
| Bharti AirtelTelecom - Services | Large cap3rd | 6.17% | 0.81 | 4,294 | Oct 2019 |
| Larsen & ToubroConstruction | Large cap11th | 5.79% | 0.76 | 1,772 | May 2016 |
| InfosysIt - Software | Large cap7th | 4.96% | 0.65 | 4,991 | Nov 2016 |
| UltraTech CementCement & Cement Products | Large cap19th | 4.11% | 0.54 | 424 | Jun 2020 |
| Axis BankBanks | Large cap18th | 3.83% | 0.50 | 3,621 | Aug 2017or earlier |
| Jindal SteelFerrous Metals | Mid cap102nd | 3.40% | 0.45 | 3,580 | Feb 2021 |
| Hindustan Petroleum CorporationPetroleum Products | Mid cap119th | 3.06% | 0.40 | 9,124 | Jun 2022 |
| Titan CompanyConsumer Durables | Large cap21st | 2.98% | 0.39 | 901 | May 2021 |
| Coromandel InternationalFertilizers & Agrochemicals | Mid cap153rd | 2.78% | 0.36 | 1,637 | Oct 2019 |
| Bank of BarodaBanks | Large cap66th | 2.34% | 0.31 | 9,495 | Jan 2017 |
| Bharat Petroleum CorporationPetroleum Products | Large cap59th | 2.21% | 0.29 | 7,496 | Sep 2018 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 28 Feb 2026
| TREPS | 5.87% | 0.77 |
| Cash and Other Net Current Assets | −0.21% | −0.03 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 9.20%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 39.68%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 61.77%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 18.3Taken over 94.34% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares94.34%
- Cash and receivables5.66%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap85.65%Category 55.91%
- Mid cap13.38%Category 17.40%
- Small cap0.96%Category 26.38%
Per cent of the fund's Indian shares. By the list for the six months to Dec 2025. Category is the average of 54 ELSS funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary14sectors
- Financial Services35.95%Category 32.55%
- Oil Gas & Consumable Fuels12.70%Category 4.49%
- Information Technology8.33%Category 6.53%
- Telecommunication6.17%Category 2.56%
- Construction5.79%Category 2.78%
- Construction Materials5.02%Category 1.77%
- Fast Moving Consumer Goods4.08%Category 4.05%
- Metals & Mining3.40%Category 2.50%
- Automobile And Auto Components3.38%Category 7.25%
- Consumer Durables2.98%Category 3.68%
- Chemicals2.78%Category 2.21%
- Capital Goods1.89%Category 8.07%
- Healthcare1.17%Category 7.12%
- Services0.71%Category 1.50%
Per cent of the fund's net assets, less the futures sold on its shares, Feb 2026. Category is the average of 54 ELSS funds. Category average. The sector's weight, less the futures sold on it, averaged over the 54 ELSS funds that disclosed a portfolio for Feb 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services8 companies | 35.95% | 37.19% | 35.16% | 35.68% | 35.19% | 35.12% | 34.74% | 35.21% | 34.79% | 35.26% | 35.78% | 35.47% | |
| Oil Gas & Consumable Fuels3 companies | 12.70% | 12.50% | 13.47% | 13.12% | 13.05% | 12.62% | 12.04% | 12.28% | 12.62% | 12.27% | 12.23% | 11.62% | |
| Information Technology4 companies | 8.33% | 10.30% | 9.81% | 10.11% | 9.82% | 9.80% | 10.23% | 10.08% | 10.68% | 10.66% | 10.57% | 11.43% | |
| Telecommunication1 company | 6.17% | 6.46% | 6.62% | 6.65% | 6.62% | 6.32% | 6.42% | 6.31% | 6.42% | 6.09% | 6.28% | 6.40% | |
| Construction1 company | 5.79% | 5.32% | 5.30% | 5.32% | 5.36% | 5.08% | 5.05% | 4.95% | 4.84% | 4.98% | 4.65% | 5.04% | |
| Construction Materials2 companies | 5.02% | 5.07% | 4.59% | 4.61% | 4.85% | 5.20% | 5.42% | 5.22% | 5.01% | 4.88% | 4.86% | 4.99% | |
| Fast Moving Consumer Goods3 companies | 4.08% | 4.14% | 4.45% | 4.50% | 4.66% | 4.74% | 4.81% | 4.64% | 4.46% | 4.62% | 4.86% | 4.70% | |
| Metals & Mining1 company | 3.40% | 3.09% | 4.59% | 4.43% | 4.65% | 4.66% | 4.25% | 4.13% | 3.96% | 3.96% | 3.89% | 4.22% | |
| Automobile And Auto Components2 companies | 3.38% | 2.93% | 2.98% | 2.97% | 3.27% | 4.54% | 4.38% | 4.36% | 4.27% | 4.57% | 4.07% | 4.29% | |
| Consumer Durables1 company | 2.98% | 2.74% | 2.67% | 2.60% | 2.53% | 2.38% | 2.59% | 2.32% | 2.47% | 2.45% | 2.39% | 2.25% | |
| Chemicals1 company | 2.78% | 3.69% | 3.49% | 3.63% | 4.30% | 4.32% | 4.46% | 5.42% | 4.94% | 4.58% | 4.71% | 4.44% | |
| Capital Goods1 company | 1.89% | 1.71% | 1.49% | 1.27% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Mar 2025 to Feb 2026; the line runs from Feb 2025.
Bought and sold
Feb 2026 against Jan 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 20.85% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 29
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 5.03%
Changes in Feb 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| State Bank of India | Trimmed | 8.32% | 9.65% | −1.32 pts | −2,666 |
| Navin Fluorine International | Sold out | – | 0.83% | −0.83 pts | −179 |
| Kwality Wall's (India) | Sold out | – | 0.02% | −0.02 pts | −517 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Mar 25 | Apr 25 | May 25 | Jun 25 | Jul 25 | Aug 25 | Sep 25 | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 9.89%Cut | 9.98%Cut | 9.85% | 9.59% | 9.94%Cut | 9.66% | 9.22% | 8.82% | 8.94% | 8.59% | 9.04% | 9.20% |
 HDFC Bank | 9.91% | 9.77%Cut | 9.61% | 9.63% | 10.02% | 9.50%Cut | 9.39% | 9.34% | 9.36% | 9.16% | 8.95% | 8.55% |
 State Bank of India | 7.37% | 7.26% | 7.29% | 7.16% | 7.18% | 7.45% | 8.02% | 8.25% | 8.46% | 8.44% | 9.65% | 8.32%Cut |
 Reliance Industries | 7.24% | 7.70% | 7.58% | 7.79% | 7.45% | 7.50% | 7.46% | 7.78% | 8.06% | 8.03% | 7.44% | 7.43% |
 Bharti Airtel | 6.06% | 6.28% | 6.09% | 6.42% | 6.31% | 6.42% | 6.32% | 6.62% | 6.65% | 6.62% | 6.46% | 6.17% |
 Larsen & Toubro | 5.04% | 4.65% | 4.98% | 4.84% | 4.95% | 5.05% | 5.08% | 5.36% | 5.32% | 5.30% | 5.32% | 5.79% |
 Infosys | 6.94% | 6.39% | 6.49% | 6.47% | 6.29% | 6.32% | 6.13% | 6.04% | 6.24% | 5.91%Cut | 6.25% | 4.96% |
 UltraTech Cement | 3.97% | 3.87% | 3.63% | 3.82% | 3.99% | 4.24% | 4.06% | 3.80% | 3.63% | 3.66% | 4.11% | 4.11% |
 Axis Bank | 3.25% | 3.37% | 3.30% | 3.23% | 2.97% | 3.00% | 3.21% | 3.35% | 3.42% | 3.37% | 3.79% | 3.83% |
 Jindal Steel | 2.66% | 2.52% | 2.60% | 2.51% | 2.65% | 2.68% | 2.98% | 2.87% | 2.76% | 2.76% | 3.09% | 3.40% |
 Hindustan Petroleum Corporation | 2.68% | 2.71% | 2.87% | 2.97% | 2.93% | 2.71% | 3.17% | 3.26% | 3.08% | 3.34% | 2.97% | 3.06% |
 Titan Company | 2.25% | 2.39% | 2.45% | 2.47% | 2.32% | 2.59% | 2.38% | 2.53% | 2.60% | 2.67% | 2.74% | 2.98% |
 Coromandel International | 2.64% | 2.84% | 2.87% | 3.05% | 3.38% | 2.99% | 2.88% | 2.61% | 2.87% | 2.72% | 2.85% | 2.78% |
 Bank of Baroda | 1.77% | 1.86% | 1.81% | 1.76% | 1.73% | 1.75% | 1.92% | 1.98% | 2.03% | 2.06% | 2.17% | 2.34% |
 Bharat Petroleum Corporation | 1.70% | 1.82% | 1.82% | 1.85% | 1.90% | 1.83% | 1.99% | 2.01% | 1.98% | 2.11% | 2.09% | 2.21% |
Per cent of the fund's net assets at each month end, Mar 2025 to Feb 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 39.2% in Sep 2018
Risk ratios
NAV to 23 Mar 2026
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Oct 2021 to Jan 202652 months | Very High | Very HighBSE 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Navi ELSS Tax Saver Nifty 50 Index FundNavi Mutual Fund | 57.74% | 20 |
| UTI - Master Equity Plan Unit SchemeUTI Mutual Fund | 51.68% | 20 |
| DSP ELSS Tax Saver FundDSP Mutual Fund | 47.96% | 20 |
| Sundaram ELSS Tax Saver FundSundaram Mutual Fund | 47.89% | 16 |
| Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund | 45.81% | 16 |
| Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund | 44.80% | 11 |
| Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund | 44.25% | 14 |
| HDFC ELSS - Tax Saver FundHDFC Mutual Fund | 44.14% | 14 |
| Groww ELSS Tax Saver FundGroww Mutual Fund | 43.14% | 17 |
| Shriram ELSS Tax Saver FundShriram Mutual Fund | 42.45% | 15 |
Portfolios for Feb 2026. Overlap is per cent of the portfolio the two funds hold in common.
Fund details
Objective
The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. No Guarantee: There is no guarantee or assurance that the investment objective of the scheme will be achieved. Investors are neither being offered any guaranteed / indicated return
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- BSE 500 TRI
- New fund offer
- 3 Nov 2015 to 15 Mar 2016
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | First NAV |
|---|---|---|---|
| Direct Growth | 135682 | INF903J011W9 | 23 Mar 2016 |
| Regular Growth | 135684 | INF903J019V4 | 23 Mar 2016 |
| Direct IDCW | 135681 | INF903J012W7 | 23 Mar 2016 |
| Regular IDCW | 135683 | INF903J010W1 | 23 Mar 2016 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Sundaram Aggressive HybridSundaram Mutual Fund, Sep 2026
- Sundaram Arbitrage FundSundaram Mutual Fund, Sep 2026
- Sundaram Balanced Advantage FundSundaram Mutual Fund, Sep 2026
- Sundaram Banking and PSU Debt FundSundaram Mutual Fund, Sep 2026
Statement of additional information
- SAI Sundaram Mutual FundSundaram Mutual Fund, Oct 2026
Annual report
- Trustee Reports - Trustee ReportSundaram Mutual Fund, Mar 2026
- Trust Accounts - Trust AccountsSundaram Mutual Fund, Mar 2026
- Equity Fund - Sundaram Infrastructure Advantage FundSundaram Mutual Fund, Mar 2026
- Equity Fund - Sundaram Mid Cap FundSundaram Mutual Fund, Mar 2026
Riskometer disclosure
- FY 25-26Sundaram Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Equity, Debt, Hybrid - Sep 2026Sundaram Mutual Fund, Sep 2026