Sundaram BNP Paribas SMILE Fund – A Review
This, Sundaram BNP Paribas Small and Medium Indian Leading Equities Fund or otherwise just known as Sundaram BNP Paribas SMILE fund is an open-end equity fund. It mostly invests in small as well as medium Indian leading equities, just as the name suggests. It is a equity diversified fund which was launched on January 21, 2005. It has both growth and dividend option to choose. The fund manager for this particular fund from the fund house Sundaram BNP Paribas is Mr. S. Krishnakumar.
The primary industry allocation of this particular Sundaram BNP Paribas S-M-I-L-E fund is pharmaceuticals, software, finance which equally holds 8% of the value while it is also distributed on other industries like auto, engineering, hotels which range from 3% to 5%. It primarily invests 35% of the investment amount in large cap funds and thus proven to have a good track record so far. The current asset size of this fund is 561.30 crores.
Minimum Investment: Sundaram BNP Paribas SMILE fund’s minimum investment is Rs. 5000. Via SIP is minimum Rs. 1000.
Benchmark: BSE 500.
Entry Load: Nil
Exit Load: 1% (if the amount is redeemed within 1 year of the date of allotment).
Current NAV: 29.071 (As on February 23, 2010). (Growth) and 14.118 (Dividend)
Awards and Ratings:
Sundaram BNP Paribas SMILE fund has won very many awards like the latest CNBC TV18 – CRISIL Mutual Fund of the year award for the year 2009 for the small and mid-cap category. Similarly it has been awarded with Five stars by Value Research Online and ICRA for the year ending December 2009 and January 2010. Economic Times has awarded Sundaram BNP Paribas Small and Medium Indian Leading Equities Fund (SMILE) with being conferred as Platinum Fund in December 2009. Morningstar has awarded this fund with four-star for year ending December 2009.
It is indeed one of the most successful fund from Sundaram BNP Paribas Fund House and it has given and absolute returns of 136% so far. This SMILE fund has given best returns over a period of one and five years based on the absolute returns calculations.
If you are planning to buy this fund you can make a call on the Sundaram BNP Paribas customer service helpline at 1800-425-1000 or 044-28578700.
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