Sundaram Multi Asset Allocation Fund Direct Plan IDCW Payout

Sundaram Multi Asset Allocation Fund Direct Plan IDCW Payout sits in the middle of the pack for Multi Asset Allocation funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 61/100.

Cost: At 0.71%, the expense ratio runs 11% above the Multi Asset Allocation category average of 0.64%. 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 modest Sharpe ratio of 0.16 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 13.02% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.