Yes, Sundaram Finance is a prominent company that is a part of the famous TVS Group. Sundaram Finance was established in the year 1954 by T.S. Santhanam, with its headquarters located in Chennai, India. The company is one of the leading non-banking finance companies (NBFCs) in India, offering various financial services like loans, securities and insurance services.
The TVS Group is a well-known conglomerate in India that has been in existence since 1911. The group has a diverse portfolio of businesses, including the manufacturing and distribution of automobiles, components and spare parts of two-wheelers, and financial services. As a part of the group, Sundaram Finance has been able to leverage the expertise and experience of the TVS Group in the financial services sector, allowing it to grow and expand its business over the years.
Sundaram Finance has a strong presence in the Indian financial services industry, with a widespread network of branches and service centres across the country. The company offers a range of financial products and services to its customers, including commercial vehicle finance, car finance, tractor finance, and construction equipment finance, among others.
Sundaram Finance is indeed a part of the TVS Group, and this association has been beneficial for both the company and the group. The company has been able to grow consistently and become a leading player in the financial services industry, while also contributing to the overall growth and success of the TVS Group.
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Who owns Sundaram Finance?
Sundaram Finance is a publicly held company, meaning it is owned by its shareholders. The largest shareholder of Sundaram Finance is the Sundaram family, which holds approximately 51% of the company’s shares. Other significant shareholders include institutional investors such as mutual funds, insurance companies, and foreign portfolio investors.
The company also has a significant number of retail shareholders who own small portions of the company’s shares. While the Sundaram family holds a controlling stake in the company, Sundaram Finance is governed by a board of directors, who are elected by the shareholders, and the day-to-day operations are managed by a professional management team.
Sundaram Finance has a diverse and widespread ownership structure, with no single individual or entity having complete ownership or control over the company.
How can I buy Sundaram Finance share?
To purchase shares of Sundaram Finance, you need to follow the below-mentioned steps:
1. Open a Demat account: The first thing that you need to do to purchase Sundaram Finance shares is open a Demat account with a stockbroker. A Demat account is an online account that stores your shares electronically, just like a bank account stores your money. You may look for a reliable stockbroker to open a Demat account.
2. Complete KYC formalities: Once you have selected a stockbroker for opening a Demat account, you would need to complete the Know Your Customer (KYC) formalities. To complete these formalities, you need to provide your identity proof, address proof, and PAN card details.
3. Fund your account: To purchase Sundaram Finance shares, you need to have funds in your Demat account. You can transfer the required funds to your Demat account through net banking, debit card, or pay order.
4. Place an order: With the funds in your Demat account, you can place an order for Sundaram Finance shares through the trading account provided by your stockbroker. While placing the order, you would need to enter the number of shares you want to purchase and the price at which you are willing to buy.
It is essential to keep in mind that the price of the share keeps fluctuating during trading hours.
5. Confirm the order: Once you have placed the order, you need to wait for the stock to be traded at the price specified. If the stock gets traded at the desired price, your order would get executed, and the shares would reflect in your Demat account. You would receive a confirmation from your stockbroker regarding the execution of the order.
To buy Sundaram Finance shares, you need to open a Demat account with a stockbroker, complete KYC formalities, fund your account, place an order, and confirm the same. However, before investing in any stock, it is essential to do thorough research and analysis of the company’s past performance, future prospects, and market conditions.
Consulting with a financial advisor may also be beneficial.
Which is the fund from Sundaram?
Sundaram Mutual Fund offers a wide range of funds for investors to choose from based on their investment objectives and risk appetite. Some of the popular funds from Sundaram include equity funds, debt funds, hybrid funds, and tax-saving funds.
Under equity funds, Sundaram offers funds like Sundaram Large and Midcap Fund, Sundaram Select Midcap Fund, Sundaram Rural and Consumption Fund, and Sundaram Small Cap Fund. Each of these funds invests in a different set of companies and sectors, thereby offering investors multiple options to diversify their equities portfolio.
Under debt funds, Sundaram offers funds like Sundaram Money Fund, Sundaram Overnight Fund, Sundaram Medium Term Bond Fund, and Sundaram Corporate Bond Fund. These funds invest in various debt securities, providing investors with an opportunity to earn regular income and capital appreciation while managing their risks.
Sundaram also offers hybrid funds like Sundaram Equity Hybrid Fund and Sundaram Multi Asset Fund that invest in a mix of equity and debt securities, providing investors with the benefits of both asset classes. These funds are suitable for investors who have a moderate risk appetite and seek regular income along with capital appreciation.
Finally, Sundaram also offers a tax-saving fund called Sundaram Tax Saver Fund that aims to help investors avail tax benefits under section 80C of the Income Tax Act, 1961, while also providing them with an opportunity to earn capital appreciation in the long run.
Sundaram offers a diversified range of funds that can help investors achieve their financial goals while managing their risks. Investors can choose a fund that aligns with their investment objectives and risk appetite to create a well-rounded portfolio.
Is Sundaram Finance a good company to work?
Sundaram Finance is a non-banking financial company (NBFC) in India that offers various financial services such as vehicle financing, home loans, deposits, mutual funds, and insurance. The company has been in operation for over six decades and has a strong presence in South India, with over 600 branches and more than 6,000 employees.
To assess whether Sundaram Finance is a good company to work for, we can look at various factors that can affect employee satisfaction and wellbeing, such as compensation, benefits, work culture, career growth opportunities, and work-life balance.
Compensation:
Sundaram Finance offers competitive salaries and benefits that are on par with industry standards. According to Glassdoor, the average salary for a Senior Manager at Sundaram Finance is around INR 12 lakh per annum, and the company provides benefits such as health insurance, retirement plans, and paid time off.
Work culture:
The company has a strong emphasis on ethics and values and promotes a collaborative and inclusive work culture. Sundaram Finance has received several accolades for its corporate governance, transparency, and stakeholder engagement, which can indicate a positive work environment for employees.
Career growth opportunities:
Sundaram Finance offers various training and development programs for employees to enhance their skills and knowledge. The company encourages internal promotions and provides opportunities for employees to take on new roles and responsibilities, which can help in career advancement.
Work-life balance:
Sundaram Finance understands the importance of work-life balance and provides flexible work arrangements, such as work-from-home options and flexible work hours. The company also has several employee engagement initiatives, such as sports events, wellness programs, and employee recognition programs, which can help in reducing stress and promoting work-life balance.
Based on the above factors, it appears that Sundaram Finance can be a good company to work for. However, individual experiences and opinions can vary, and it is recommended to conduct further research and reach out to current or former employees for their feedback before making a decision.
What is the rate of interest for car loan in Sundaram Finance?
Typically, the interest rate charged for a car loan ranges between 8.5% to 12% per annum, and it could be higher or lower depending on the market trends, RBI regulations, and the borrower’s financial standing. It is always advisable to compare the interest rates offered by different lenders in the market before making a final decision.
Apart from the interest rate, the borrower might also have to bear additional charges such as processing fees, documentation charges, prepayment penalty, and other fees that may vary from lender to lender.
Therefore, it is recommended that the borrower reads and understands all the terms and conditions of the car loan before signing up for it with Sundaram Finance or any other lender. The borrower must also ensure that they can repay the loan comfortably within the loan tenure to avoid any defaults or penalties.
Is Sundaram Finance and Royal Sundaram same?
No, Sundaram Finance and Royal Sundaram are not the same companies. Although both of these companies share the same brand name “Sundaram”, they operate in different areas of the financial industry.
Sundaram Finance is a Non-Banking Financial Company (NBFC) that primarily deals in vehicle financing, equipment financing, and home loans. The company was established in 1954 and since then has been operating in the field of financial services. Sundaram Finance has a strong presence in South India and has been expanding its operations in different parts of the country.
On the other hand, Royal Sundaram General Insurance Company Limited is a licensed general insurance company that provides a wide range of insurance products such as motor insurance, health insurance, travel insurance, and home insurance. The company is a joint venture between Sundaram Finance and RSA (Royal & Sun Alliance Insurance plc), which is a UK-based general insurer.
Although these two companies share the same brand name, they operate in entirely different segments of the financial industry. Sundaram Finance deals with vehicle and equipment financing, while Royal Sundaram deals with general insurance products. Therefore, it is important to differentiate between the two companies to avoid confusion between their services and areas of operation.
Is TVS and Sundaram same?
No, TVS and Sundaram are not the same, but they are related in terms of their ownership and business operations. TVS Group is a large Indian conglomerate that has a diverse portfolio of businesses, including automotive, electronics, and financial services. It has several companies operating under its umbrella, one of which is TVS Motor Company Limited, a leading manufacturer of motorcycles and scooters in India.
Sundaram Group, on the other hand, is a smaller but well-established Indian business group that primarily operates in the financial services sector. It includes several companies, such as Sundaram Finance Limited, which provides vehicle financing, and Sundaram Asset Management Company, which offers mutual fund products.
The connection between TVS and Sundaram can be traced back to their common ancestry. Both the groups were founded by members of the TVS family, a prominent business family in South India. T.V. Sundaram Iyengar, the founder of TVS Group, was the grandfather of the founder of Sundaram Finance Limited, T.S.
Santhanam.
Despite their different business focuses, TVS and Sundaram have collaborated on several occasions in the past. For example, Sundaram Finance Limited is one of the major financiers of TVS Motor Company’s two-wheeler business. Similarly, TVS Motor Company has partnered with Sundaram Clayton Limited, a subsidiary of Sundaram Group, for manufacturing auto components such as brakes and suspensions.
While TVS and Sundaram are not the same, they have a shared history and continue to maintain a business relationship based on mutual trust and collaboration.
Who is Lakshmi Narayan Sundaram?
Lakshmi Narayan Sundaram is an individual who has not gained significant public prominence, making it difficult to provide concrete information about who he is. However, based on his name, it is possible to make some educated assumptions about his identity.
Lakshmi Narayan is a name of Sanskrit origin that is commonly used in India. It is usually given to boys and is a combination of two Hindu deities, Lakshmi and Narayan. Lakshmi is the goddess of wealth, prosperity, and luck, while Narayan is another name for Lord Vishnu, one of the principal deities in Hinduism.
Sundaram is also a name of Indian origin, commonly used in the Tamil and Kannada languages. It means “beautiful” or “handsome” in Tamil and “goodness” or “virtuous” in Kannada.
Therefore, given his name, it is possible that Lakshmi Narayan Sundaram is an Indian man, likely from the southern parts of India where Tamil and Kannada are commonly spoken. He could be a devout Hindu and potentially come from a wealthy or fortunate family, given the significance of Lakshmi in Indian culture.
However, more information is needed to confirm who he is or what he does.
Is principal mutual fund taken over by Sundaram?
It is important to provide a comprehensive answer to the question in order to understand the impact that a takeover by Sundaram would have on Principal Mutual Fund. At this time, there is no information to suggest that Principal Mutual Fund has been taken over by Sundaram. However, it is important to understand the potential implications of such a takeover.
A takeover of Principal Mutual Fund by Sundaram would likely involve significant changes to the management structure, investment strategy, and overall operation of the mutual fund. Sundaram is a well-established financial services company in India with a strong reputation for fund management and investment expertise.
With a takeover of Principal Mutual Fund, Sundaram would likely bring their own team of fund managers and investment experts to the table, potentially altering the portfolio holdings and investment strategy of the mutual fund.
In addition to changes in management and investment strategy, a takeover could also impact fees and charges associated with the mutual fund. Sundaram may choose to make changes to the fees charged to investors in the mutual fund, potentially making the investment more or less expensive depending on their business strategy.
It is important to note that a takeover of Principal Mutual Fund by Sundaram is currently speculative, and there has been no official announcement regarding such a transaction. However, it is always important for investors to keep a watchful eye on their investments and stay informed of any changes that may be taking place.
If a takeover were to occur, investors would want to closely evaluate any changes to management, investment strategy, fees, and performance to determine how it impacts their investment strategy and goals.
How to download Sundaram Finance statement?
If you are a customer of Sundaram Finance and want to download your statement, there are a few steps that you need to follow. Firstly, visit the official website of Sundaram Finance – www.sundaramfinance.in. Here, you can find an option for ‘My Account,’ which you need to click on.
After clicking on ‘My Account,’ you will be directed to a login page where you need to enter your username and password. If you are a first-time user, you will need to register and create your account first.
Once you are logged in, go to the ‘Accounts’ section and click on ‘Statements.’ Here, you will be able to see all the statements related to your account. Select the one you wish to download and click on the ‘Download’ button.
The downloaded statement will be in a PDF format, which can be viewed and printed as required. You can also save it for future reference.
It is important to note that the statement may only be available for a certain period of time, depending on the frequency of updates made by Sundaram Finance. Therefore, it is recommended that you download and save your statements periodically to ensure you have a record of your transactions.
In case you face any issues while downloading your statement, you can reach out to the Sundaram Finance customer care team for assistance. They will guide you through the process and help you download the required statements.
Who is the No 1 finance company in India?
It is difficult to definitively identify the number one finance company in India as there are various measures of success and different types of finance companies operating in the country. However, based on several factors such as market share, asset base, and customer satisfaction, some of the prominent finance companies in India are Housing Development Finance Corporation (HDFC), Bajaj Finance Limited, ICICI Bank, State Bank of India, and Kotak Mahindra Bank.
HDFC is one of the most well-known and established finance companies in India with a strong presence in the housing finance sector. The company has consistently reported high profits and maintained a healthy asset quality. Similarly, Bajaj Finance has been a star performer in the non-banking financial services space and has recorded strong growth in recent years.
Its customer-centric approach and diversified product range have helped it stand out from competitors.
ICICI Bank and State Bank of India are among the largest banks in India with a comprehensive range of financial products and services, including retail banking, corporate banking, investment banking, and asset management. These public sector banks have a vast network of branches and ATMs spread across the country, making them accessible to customers in both urban and rural areas.
Kotak Mahindra Bank is a rapidly growing private sector bank that has gained a strong foothold in the banking and financial services sector. With a focus on innovation and technology, the bank has been consistently improving its product offerings and expanding its customer base in India.
The top finance companies in India are those that are able to provide competitive financial products and services, maintain strong risk management practices, and offer exceptional customer experiences.
Which finance share is best?
When considering investing in the stock market, it is essential to conduct thorough research and analysis of different companies and their finances. It is also crucial to assess one’s own financial situation, investment goals, and risk appetite before making investment decisions.
Additionally, diversification is an important consideration when investing. It is generally not recommended to put all of one’s money into a single stock or industry. Rather, it is advisable to spread investments across multiple sectors and stocks to reduce the potential for significant losses in case of a market downturn.
Consulting with a financial advisor or professional can also provide valuable insights and guidance when it comes to deciding which finance shares to invest in. A financial advisor can help determine risk tolerance and tailor a well-rounded investment strategy that aligns with one’s financial goals and objectives.
There is no definitive answer to the question of which finance share is best. It is crucial to do extensive research, analyze market trends, and consult with professionals before making any investment decisions. Furthermore, diversifying investments will reduce risk and increase the potential for long-term gains.
What is the Sundaram Mutual Fund?
Sundaram Mutual Fund is one of the leading asset management companies in India. It was established in 1996 as part of the Sundaram Finance Group, a renowned financial services corporation with over 60 years of experience in providing a wide array of financial solutions to its customers.
As an asset management company, Sundaram Mutual Fund engages in the pooling of funds from a large number of investors, both retail and institutional, to invest in various asset classes such as equities, debt, and money market instruments with the aim of generating profitable returns for the investors.
The company offers a range of mutual funds that cater to different investment needs and risk appetites of its clients.
One of the notable features of Sundaram Mutual Fund is its strong research capabilities, which it leverages to identify and invest in high-quality stocks and bonds across various sectors and industries. The company has a team of experienced investment professionals who conduct in-depth research to analyze the markets, assess the economic climate, and evaluate individual issuers before making an investment decision.
Sundaram Mutual Fund is also known for its customer-centric approach, which has helped it build long-lasting relationships with its clients. The company is committed to providing high-quality services and personalized solutions to its customers to help them achieve their financial goals. It has a robust distribution network that spans across the country, supported by an efficient customer service system that is available round the clock to address any queries or issues that customers may have.
Sundaram Mutual Fund is a well-established asset management company that offers a range of mutual funds with attractive returns and low risk profiles. With its strong research capabilities, customer-centric approach, and extensive distribution network, it is a popular choice among investors looking to invest in the Indian financial markets.
Is Sundaram Finance a public financial institution?
Sundaram Finance is a non-banking financial company (NBFC) listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It is a private-sector company, which means that its ownership and control are in the hands of private individuals, as opposed to being owned by the government or the public sector.
As an NBFC, Sundaram Finance is a type of financial institution that provides banking services without holding a banking license. NBFCs are regulated by the Reserve Bank of India (RBI) and must comply with certain rules and regulations that are designed to protect their customers and maintain financial stability.
While Sundaram Finance is not a public financial institution in the sense that it is not owned by the government or the public sector, it does offer financial services to the public. Sundaram Finance has a wide range of products and services that cater to the needs of individual customers, small businesses, and corporate clients.
These services include vehicle financing, equipment financing, working capital finance, and insurance.
Furthermore, Sundaram Finance has a strong reputation for providing high-quality financial services and has won several awards for its customer-centric approach. The company has also demonstrated its commitment to corporate social responsibility by supporting social welfare initiatives and investing in the education and development of underprivileged children.
While Sundaram Finance is not a public financial institution, it is a well-respected NBFC that offers a range of financial services to the public while adhering to the regulations set by the RBI.
