Sundaram Multi-Factor Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Sundaram Multi-Factor Fund Direct Growth Plan has a NAV of ₹9.6243 as of 15 Sep 2026 and a scheme AUM of ₹870 Cr. Its 1-year, 3-year and 5-year returns are -5.24%, 0% and 0%, and the fund sits in the High Risk category.

Our view is that this is best read as a newer equity strategy that has not yet built a long enough public return record, so the recent weak 1-year outcome matters more than any longer-run pattern. The portfolio is fairly diversified across 70 holdings, but the top names still have enough weight to influence short-term swings.

Quick facts

Particular	Details
NAV	₹9.6243 as of 15 Sep 2026
AUM	₹870 Cr
Expense Ratio	0.44%
Launch Date	22 Jul 2025
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 365D, Nil after 365D
Fund Managers	Rohit Seksaria, S. Bharath, Sandeep Agarwa

The fund is managed by Rohit Seksaria, S. Bharath and Sandeep Agarwa.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.92%	-4.81%
3M	-3.26%	-3.63%
1Y	-5.24%	-8.27%
3Y	0%	Data not available
5Y	0%	Data not available

The recent pattern has been weak, but it is not as weak as the benchmark over the same windows. The fund fell in both the 1-month and 3-month periods, yet the declines were smaller than the benchmark’s, which suggests relative resilience rather than outright strength.

The 1-year number is still negative, so the fund has not produced a positive trailing outcome over the available public history. That matters because it points to a strategy that has faced pressure across both short and medium horizons instead of only a brief dip.

At the same time, the fund has held up better than the benchmark in each visible window. The gap is most useful as a read-through on relative behaviour: even when the fund is down, it has tended to lose less than NIFTY 50 over the same horizon.

There is not yet a meaningful 3-year or 5-year return record to judge long-term compounding. For that reason, our interpretation leans more on the observed short-run pattern and the fact that recent performance has been negative rather than on any mature long-term cycle.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Sundaram Multi-Factor?

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 Multi-Factor Fund Direct Growth Plan	-5.24%	0%	0%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
Kotak Healthcare Fund Direct Growth Plan	26.51%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.46%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	23.52%	Data not available	Data not available

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

The current fund’s 1-year return trails every peer shown here by a wide margin, which makes the recent picture clearly weaker on a relative basis. The longer-horizon comparison is less straightforward because most peer rows do not carry 3-year or 5-year figures, while the fund itself also does not yet show a meaningful multi-year track record.

Where comparison is possible, the fund’s 3-year and 5-year figures are not a strength signal; they simply indicate that the scheme is still too new for a deeper trailing-history read. That means the short-term peer gap tells a much sharper story than the longer-term table does.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
MULTI COMMODITY EXCHANGE OF INDIA LTD	Finance	3.05%
HDFC BANK LTD	Bank	2.84%
LUPIN LTD	Healthcare	2.8%
ORACLE FINANCIAL SERVICES SOFTWARE LTD	IT	2.76%
ICICI BANK LTD	Bank	2.71%
BOSCH LTD	Automobile & Ancillaries	2.68%
TITAN COMPANY LTD	Diamond & Jewellery	2.51%
RELIANCE INDUSTRIES LTD	Crude Oil	2.33%
REC LTD	Finance	2.15%
INFOSYS LTD	IT	2.13%

The top 10 holdings account for approximately 25.96% of the portfolio.

To see all holdings, visit the Sundaram Multi-Factor Fund Direct Growth Plan page

The largest holding is Multi Commodity Exchange of India Ltd at 3.05%, so no single position dominates the portfolio on its own. The gap from the first holding to the tenth is modest rather than dramatic, which suggests the visible core is spread across several mid-sized positions instead of being tightly concentrated in one or two names.

Because the top 10 holdings together make up about a quarter of the portfolio, the remaining holdings likely provide a long tail of exposure across the other disclosed positions. With 70 holdings in total, the structure appears broad enough that stock-specific moves in any one name may matter, but not so broad that the top holdings become irrelevant.

Our view is that this mix points to a portfolio where the leading positions could influence near-term outcomes, yet the overall spread may soften the impact of any single stock. That balance is useful to note alongside the fund’s high-risk label and its still-short live history.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and who are comfortable with a strategy that has a short live history and a negative 1-year return. The lack of a meaningful 3-year or 5-year record means the case for using it rests more on the portfolio approach than on a demonstrated long cycle of compounding.

The comparison with NIFTY 50 is useful: the fund has fallen less than the benchmark in the visible short windows, so it has shown relative resilience even while absolute returns remain weak. That makes it more suitable for investors with a longer horizon who can wait through uneven stretches and who do not need near-term stability from the allocation.

The main trade-off is simple: you are accepting higher risk and limited performance history in exchange for a diversified equity portfolio that has so far behaved less weakly than the benchmark in recent drawdowns.

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

Exit load: 1% on or before 365D, Nil after 365D.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Sundaram Multi-Factor Fund Direct Growth Plan?
The current NAV is ₹9.6243 as of 15 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -5.24%, while the 3-year and 5-year returns are 0% each because the scheme does not yet have a meaningful long trailing record.

How has the fund done versus NIFTY 50 recently?
It has been less weak than NIFTY 50 in the visible short windows. The fund’s 1-month, 3-month and 1-year figures are all better than the benchmark’s corresponding returns.

How does it compare with the peer funds shown here?
The fund’s 1-year return is far below the peer returns listed in the comparison table. The longer-horizon comparison is limited because most peer rows do not show 3-year or 5-year figures.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Rohit Seksaria, S. Bharath and Sandeep Agarwa. The exit load is 1% on or before 365D, and nil after 365D.

Bottom line

Sundaram Multi-Factor Fund Direct Growth Plan has had a weak recent run, but it has still held up better than NIFTY 50 in the visible short windows. Its peer comparison is also soft on a 1-year basis, while the longer-term picture remains limited because the fund is still early in its life. The portfolio is spread across 70 holdings, with the top 10 accounting for about a quarter of assets, so the fund is not built around a single dominant position. That makes it more suitable for investors who can accept High Risk and a still-developing track record.

Published on 16 September 2026 at 6:35 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.