Sundaram Mid Cap Fund
The fund is positioned for infrastructure-driven growth and financial deepening in India's mid-cap segment, with a deliberate tilt toward power transmission, banking, and industrial cyclicals that benefit from capex momentum. The manager's shift out of defensive liquid holdings into TREPS and fresh exposure to telecom and consumer discretionary (Radico Khaitan) suggests increasing conviction in near-term economic acceleration. With top-5 concentration modest at 14.4% and 82 holdings well-diversified across sectors, the portfolio balances conviction with prudent risk management while capturing the mid-cap growth thesis.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹1412.3481 | +2.87% | -0.82% | -1.67% | +7.61% | +23.01% | +19.81% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| One 97 Communications Ltd | 0.74% |
| Nippon Life India Asset Management Ltd | 0.70% |
| Radico Khaitan Ltd | 0.46% |
| National Aluminium Company Ltd | 0.45% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Cummins India Ltd INE298A01020 | 3.35% |
| 2 | GE Vernova T and D India Ltd INE200A01026 | 3.34% |
| 3 | Mahindra & Mahindra Financial Services Ltd INE774D01024 | 2.67% |
| 4 | BSE Ltd INE118H01025 | 2.57% |
| 5 | Coromandel International Ltd INE169A01031 | 2.43% |
| 6 | TREPS | 2.38% |
| 7 | The Federal Bank Ltd INE171A01029 | 2.23% |
| 8 | Kalyan Jewellers India Ltd INE303R01014 | 2.08% |
| 9 | IDFC First Bank Ltd INE092T01019 | 1.99% |
| 10 | Max Financial Services Ltd INE180A01020 | 1.99% |
| 11 | Marico Ltd INE196A01026 | 1.97% |
| 12 | Jindal Steel & Power Ltd INE749A01030 | 1.94% |
| 13 | Fortis Health Care Ltd INE061F01013 | 1.86% |
| 14 | The Phoenix Mills Ltd INE211B01039 | 1.86% |
| 15 | Lupin Ltd INE326A01037 | 1.86% |
| 16 | PB Fintech Ltd INE417T01026 | 1.85% |
| 17 | Delhivery Ltd INE148O01028 | 1.75% |
| 18 | Polycab India Ltd INE455K01017 | 1.67% |
| 19 | Indian Bank INE562A01011 | 1.64% |
| 20 | Coforge Ltd INE591G01025 | 1.64% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.