Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan has a NAV of ₹31.895 as of 10 Sep 2026 and scheme AUM of ₹37 Cr. Its 1-year, 3-year and 5-year returns are 7.26%, 11.36% and 15.84% respectively, and it carries a High Risk label. Our view is that the fund suits investors who can tolerate sharp swings in a small-cap oriented portfolio and are willing to stay invested long enough for the longer compounding pattern to matter.

The current mix has been uneven over shorter periods, but the 5-year record is stronger than the 1-year pace. The portfolio is built around a focused set of holdings, which can help performance when the selected names do well, but it also raises the chance that stock-specific moves matter more than in a diversified large-cap style fund.

Quick facts

Particular	Details
NAV	₹31.895 as of 10 Sep 2026
AUM	₹37 Cr
Expense Ratio	1.33%
Launch Date	24 Mar 2017
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load after holding period
Fund Managers	Rohit Seksaria

The fund is managed by Rohit Seksaria.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.92%	-4.06%
3M	5.93%	1.37%
1Y	7.26%	-7.31%
3Y	11.36%	6.07%
5Y	15.84%	5.91%

In the latest month, the fund was negative, but it still held up better than the benchmark, which fell more sharply. Over three months, the fund recovered more firmly than the benchmark and showed a cleaner upward move, even though the path was not smooth. That tells us the fund can respond well when smaller companies regain favour, but it is not immune to short bursts of weakness.

The 1-year figure is the clearest sign of how different the fund has been from the benchmark. While the benchmark was negative over the year, the fund stayed positive, which suggests the strategy added value through stock selection and sector positioning rather than broad market exposure alone. That said, the gap is not dramatic enough to imply stability; it still reflects a fund that can move around meaningfully.

The longer record looks better. The 3-year return is ahead of the benchmark, and the 5-year return is much stronger than the benchmark’s pace. Our view is that the fund’s longer-run compounding has been more persuasive than its very short-term pattern, but the month-to-month line also shows that the ride has been uneven. For investors, that mix usually matters more than any single return number.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Sundaram LT Micro Cap Tax Adv Fund-Sr IV-?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan	7.26%	11.36%	15.84%
Quant ELSS Tax Saver Fund Direct Growth Plan	14.4%	14.49%	15.61%
Motilal Oswal ELSS Tax Saver Fund Direct Growth Plan	13.44%	22.35%	17.6%
JM ELSS-Tax Saver Fund Direct Growth Plan	8.95%	16.04%	14.66%
ITI ELSS Tax Saver Fund Direct Growth Plan	7.31%	17.13%	13.4%
Quant ELSS Tax Saver Fund Direct Growth Plan	14.4%	14.49%	15.61%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the 1-year view, the fund trails the stronger peer numbers shown here, especially the better-performing ELSS names, so its recent pace looks more modest. The 3-year and 5-year figures are also below the leading peer returns in this set, which suggests the fund has not matched the strongest compounding profile available among the comparison group. That said, it remains ahead of several shorter-term market swings by keeping positive long-term returns.

The short-term and longer-term peer pictures do not tell the same story. The fund is not the fastest mover over 1 year, but its 5-year result is still respectable and above some peer outcomes in this group. For investors, that makes the fund look more like a steady, higher-volatility ELSS option than a standout recent performer.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Aster DM Healthcare Ltd	Healthcare	7.5%
Mtar Technologies Ltd	Capital Goods	5.14%
Ujjivan Small Finance Bank Ltd	Bank	5%
Angel One Ltd	Finance	4.88%
Safari Industries (India) Ltd	FMCG	4.12%
Affle (India) Ltd	IT	3.86%
Rate Gain Travel Technologies Ltd	IT	3.85%
Equitas Small Finance Bank Limited	Bank	3.78%
KSB Ltd	Capital Goods	3.72%
TREPS	Cash & Cash Equivalents and Net Assets	3.47%

The top 10 holdings account for approximately 45.32% of the portfolio.

To see all holdings, visit the Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan page

The largest holding, Aster DM Healthcare Ltd, stands at 7.5%, so it is meaningful but not overwhelming on its own. The gap from the first holding to the tenth is fairly moderate, which suggests the portfolio is spread across several positions rather than leaning on one or two very large bets.

At the same time, the top 10 holdings together account for 45.32% of the portfolio, and there are 39 disclosed holding rows in all. That combination points to a portfolio that is still somewhat concentrated at the top, but with a long tail beyond the biggest names. Our view is that this structure may allow selected stocks to matter meaningfully without making the entire fund dependent on a single holding.

Source data date: as of 10 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can stay invested for multiple years. The 1-year return is positive, but the path has been uneven, so short holding periods may not be ideal for someone who wants a smooth ride.

The stronger 3-year and 5-year figures, together with a result that has stayed ahead of the benchmark over those horizons, make it more suitable for investors who can accept volatility in exchange for the chance of long-term compounding. The main trade-off is clear: you get a focused ELSS strategy with meaningful upside potential, but you also accept sharper swings than a broad-market conservative fund.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

No exit load after holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Sundaram LT Micro Cap Tax Adv Fund-Sr IV- Direct Growth Plan?
Its NAV is ₹31.895 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 7.26% over 1 year, 11.36% over 3 years and 15.84% over 5 years.

How has it done against the benchmark?
It has outpaced the Nifty 50 across 1-year, 3-year and 5-year periods, with the benchmark at -7.31%, 6.07% and 5.91% respectively.

How does it compare with the peer funds listed here?
Its recent return is lower than the stronger peer figures shown here, and its 3-year and 5-year numbers are also below the leading peer outcomes in this set.

Is there a minimum SIP amount?
There is no minimum SIP amount stated for this scheme in the available fund details.

Who manages the fund and what is the exit load?
The fund is managed by Rohit Seksaria. No exit load applies after the holding period.

Bottom line

This fund’s short-term movement has been less convincing than its longer record, with the 1-year return lagging the stronger peer figures while the 3-year and 5-year numbers still show positive compounding. The High Risk label and focused portfolio make it better suited to investors who can handle volatility and wait for the longer cycle to play out. The top holdings are sizable but not extreme, and the fund still has a long tail beyond its biggest positions. Overall, it looks like a concentrated ELSS option for patient investors who value longer-term potential more than smooth short-term results.

Published on 11 September 2026 at 6:33 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.