Funds/Sectoral / Thematic/Sundaram Services Fund

Sundaram Services Fund

Sundaram Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

Sundaram Services Fund is heavily tilted toward India's services economy, with banking and finance representing nearly a third of the portfolio—a bet on financial intermediation and credit cycles. The manager has reduced tech exposure by exiting Tech Mahindra and pivoting cash into money-market instruments (TREPS), signaling caution on IT valuations and preference for near-term liquidity. The concentrated top-ten holding of 42.6% alongside thematic positioning suggests conviction in cyclical service-led growth, though this concentration warrants close monitoring amid volatility.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹33.3050	+1.22%	-4.77%	-7.76%	-1.29%	+14.75%	+16.11%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

27.04%

Top 10 Weight

41.57%

Active Share

—

Large Cap

47.89%

Gini

0.370

What Changed2026-03-31 → 2026-04-30

Holdings: 57 → 54+0 added−3 removed30 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Bharti Airtel Ltd INE397D01024	Telecom - Services	EQUITY	6.41%
2	HDFC Bank Ltd INE040A01034	Banks	EQUITY	5.93%
3	Axis Bank Ltd INE238A01034	Banks	EQUITY	5.00%
4	Reliance Industries Ltd INE002A01018	Petroleum Products	EQUITY	5.00%
5	Zomato Ltd INE758T01015	Retailing	EQUITY	4.69%
6	Adani Ports and Special Economic Zone Ltd INE742F01042	Transport Infrastructure	EQUITY	3.91%
7	TREPS		CASH_EQUIVALENT	3.65%
8	Apollo Hospitals Enterprise Ltd INE437A01024	Healthcare Services	EQUITY	2.72%
9	ICICI Bank Ltd INE090A01021	Banks	EQUITY	2.69%
10	Titan Company Ltd INE280A01028	Consumer Durables	EQUITY	2.62%
11	Shriram Finance Ltd INE721A01047	Finance	EQUITY	2.61%
12	PNB Housing Finance Ltd INE572E01012	Finance	EQUITY	2.59%
13	Bajaj Finserv Ltd INE918I01026	Finance	EQUITY	2.56%
14	Aster DM Healthcare Ltd INE914M01019	Healthcare Services	EQUITY	2.49%
15	Cholamandalam Financial Holdings Ltd INE149A01033	Finance	EQUITY	2.22%
16	Rate Gain Travel Technologies Ltd INE0CLI01024	It - Software	EQUITY	2.22%
17	Interglobe Aviation Ltd INE646L01027	Transport Services	EQUITY	2.18%
18	Info Edge (India) Ltd INE663F01032	Retailing	EQUITY	2.14%
19	Indus Towers Ltd (Prev Bharti Infratel Ltd) INE121J01017	Telecom - Services	EQUITY	1.91%
20	Aavas Financiers Ltd INE216P01012	Finance	EQUITY	1.90%

Sector Allocation

Banks19.8%

Finance12.8%

Telecom - Services9.3%

Retailing7.0%

Healthcare Services6.7%

It - Software5.6%

Petroleum Products5.0%

Transport Infrastructure3.9%

Consumer Durables3.7%

Leisure Services3.7%

Top 10 sectors by % to NAV. Excludes derivatives.