Sundaram Income Plus Arbitrage Active FoF Fund-Direct-IDCW Payout

Sundaram Income Plus Arbitrage Active FoF Fund-Direct-IDCW Payout holds up reasonably well within the FoF Domestic category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.

Cost: At 0.37%, the expense ratio runs 95% above the FoF Domestic category average of 0.19%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.88 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 0.69% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Other fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.