Tata Mutual Fund
Tata Asset Management Ltd. (TAML) is part of the Tata Group that manages Tata Mutual Fund. The company was established in 1994 and offers diverse investment options to investors based on their risk appetite, financial objectives, and income.
According to the company, their business is based on the 3 most significant aspects – performance, service, and trust. Its vision is to deliver a better quality of life to their investors by securing their financial future.
Tata Asset Management Ltd. currently offers hybrid funds, equity funds, and fixed income funds. The funds have received various awards over the years some of which include –
- CNBC TV 18 Mutual Fund Awards awarded the Tata Equity P/E Fund as the Best Value/Contra Fund.
- CNBC TV 18 Mutual Fund Awards also awarded the Tata Treasury Advantage Fund as the Best Low Duration Debt Fund.
- Thomson Reuters Lipper India 2018 Fund Awards awarded the Tata Retirement Savings-Moderate (3 years & 5 years) in the Mixed Asset INR Aggressive category.
- Business Today-Money Today Financial Awards awarded the Tata Balanced Fund as the Best Long-Term Balanced Fund in its category.
Tata Asset Management Ltd. is registered as a mutual fund with SEBI under the registration code MF/023/95/9. The company registered itself as a portfolio manager in 14 September 2004 with the registration code INP000001058. It also operates a Foreign Institutional Investor (FII) - Tata Asset Management (Mauritius) Private Ltd., registered with SEBI under the registration code INMUFD161207.
While Tata Sons Ltd. holds 67.91% shares in TAML, 32.09% shares are held by Tata Investment Corporation Ltd.
The company reported a total revenue of Rs. 2.12 billion, a profit before tax of Rs. 585 million, and a profit after tax of Rs. 386 million for the year ended March 2018.
As of 31 March 2019, Tata Asset Management Ltd. offers 202 schemes and has an asset under management (AuM) of Rs. 54,193 Crore.
Top Performing Tata Mutual Funds
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Tata Flexi Cap Fund | Equity | Very High | 47.4% | 5star | ₹2,109 | |
| Tata Digital India Fund | Equity | Very High | 100.4% | 4star | ₹2,768 | |
| Tata Banking And Financial Services Fund | Equity | Very High | 62.8% | 4star | ₹810 | |
| Tata Index Fund - Sensex Plan | Other | Very High | 51.2% | 4star | ₹94 | |
| Tata India Consumer Fund | Equity | Very High | 47.7% | 4star | ₹1,304 | |
| Tata Retirement Savings Fund - Conservative Plan | Solution Oriented | Moderately High | 15.3% | 4star | ₹177 | |
| Tata Dynamic Bond Fund | Debt | Moderate | 6.8% | 4star | ₹217 | |
| Tata Liquid Fund | Debt | Low to Moderate | 3.3% | 4star | ₹12,147 | |
| Tata Money Market Fund | Debt | Moderate | 4.3% | 4star | ₹7,139 | |
| Tata Multi Asset Opportunities Fund | Hybrid | High | 40.1% | 4star | ₹987 | |
| Tata Arbitrage Fund - Direct Plan | Hybrid | Low | 5.0% | 4star | ₹11,990 | |
| Tata Balanced Advantage Fund | Hybrid | Moderately High | 29.4% | 4star | ₹3,342 | |
| Tata Mid Cap Growth Fund | Equity | Very High | 64.7% | 3star | ₹1,410 | |
| Tata Ethical Fund | Equity | Very High | 61.5% | 3star | ₹1,052 | |
| Tata Large and Midcap Fund | Equity | Very High | 56.5% | 3star | ₹2,636 | |
| View All Top Performing Tata Mutual Funds |
Key information
| Mutual fund | Tata Mutual Fund | ||
|---|---|---|---|
| Asset management company | Tata Asset Management Ltd. | ||
| Set up | 30 June 1995 | ||
| Incorporated | 15 March 1994 | ||
| Sponsors | Tata Sons Ltd. | Tata Investment Corp. Ltd. | |
| Trustee | Tata Trustee Company Private Ltd. | ||
| Name of trustees | Mr. Pratip Kar(Chairman) | Mr. Cyrus F Vachha(Independent Director) | Mr. Shuva Mandal(Associate Director) |
| Chairman | Mr. Rajiv Sabharwal | ||
| MD and CEO | Mr. Prathit Bhobe | ||
| CIO | Mr. Rahul Singh | ||
| Investor Service Officer | Ms. Kashmira Kalwachwala | ||
| Compliance Officer | Mr. Upesh Shah |
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How can you invest in Tata Mutual Funds?
You can invest in Tata Mutual Fund online simply by following the few steps mentioned below:
Step 1. Log-in to your Groww account or register yourself if you don’t have one.
Step 2. Upload your proof of identity documents like Aadhaar, Voter ID, PAN, Driving License, Passport, Central or State Government ID card, etc.).
Step 3. Upload your proof of address documents like any identity proof documents with your permanent address, etc.
Step 4. Select the period you want to invest your funds.
Step 5. Choose your risk appetite - low, mid, or high.
Step 6. Select your preferred Tata Mutual Fund.
Step 7. Click on “Invest One Time” is you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.
The Tata Mutual Fund in India you have invested in will appear in your Groww account within 3 to 4 working days.
Top Fund Managers
1. Mr. Akhil Mittal
Mr. Akhil Mittal holds a B.Com degree from the Panjab University and an MBA degree from the University Business School.
Mr. Mittal was the Assistant Manager at Rallis India Ltd. back in 2004. He became the Senior Manager of Edelweiss Capital Ltd. in 2006. In 2008, he moved to Canara Robeco Mutual Fund as the Fund Manager of Fixed Income. Two years later, he became the Fund Manager of Principal PNB Mutual Fund. He re-joined Canara Robeco Mutual Fund as the Fund Manager of Fixed Income in 2011.
Mr. Mittal joined Tata Mutual Fund in 2014 as the Senior Fund Manager of Fixed Income. He manages an AuM of Rs. 4,102 invested in 18 schemes including Tata Dynamic Bond, Tata Income Fund, Tata Treasury Advantage, Tata Balanced Advantage Fund, etc.
2. Mr. Sonam Udasi
Mr.Sonam Udasi holds a Post Graduate Diploma in Business Administration with specialisation in Finance.
He joined Prime Securities back in 2007 as the Director of Research. A year later, he became the VP Research and Group Head of Consumers at Brics Securities. In 2010, he was appointed as the Senior Vice President and Head of Research at IDBI Capital.
Mr. Udasi joined Tata Asset Management Ltd. in 2014. He manages an AuM of Rs. 12,863 Crore invested in 19 schemes like Tata Banking and Financial Services Fund, Tata India Consumer Fund, Tata Retirement Savings Fund, Tata Equity PE Fund, etc.
3. Ms. Ennette Fernandes
Ennette Fernandes is a B.Com graduate, holding a PGDM in Finance from the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE).
She initially joined Phillip Capital India in 2009 as a Research Analyst on FMCG sector. Ms. Fernandes became the Research Analyst at Tata Mutual Fund in 2014. Her areas of concentration were FMCG, textile, consumer durables, retail, media, and building products.
She became the Assistant Fund Manager in the company in 2018. Ms. Fernandes manages an AuM of Rs. 6,827 invested in 14 schemes like Tata India Consumer Fund, Tata Retirement Savings Fund Progressive Plan, Tata Large Cap, Tata Midcap, Tata India Tax Savings Fund, etc.
4. Mr. Amey Sathe
Mr. Amey Sathe holds a B.Com and M.Com degree from the Mulund College of Commerce. He is an MMS in Finance from the SIES College of Management Studies. Mr. Sathe is also a Chartered Financial Analyst from the USA.
He was initially an Analyst in Bank of America in 2006. From there, he moved to HDFC Securities as an Analyst of Institutional Equities in 2008. A year later, he joined CARE Ratings where he headed the Credit Ratings of banks, NBFCs, and HFCs. The same year, he became the Assistant Vice President of Equity Research of JM Financial Institutional Securities Ltd.
Mr. Sathe joined Tata Asset Management Ltd. as a Research Analyst in 2015. He became an Assistant Fund Manager in 2018. Currently, he manages an AuM of Rs. 5,911 Crore invested in 8 schemes like Tata Banking and Financial Services, Tata Equity PE Fund, Tata Equity PE Fund Dividend Trigger Option A, etc.
5. Mr. Rupesh Patel
Mr. Rupesh Patel holds a Civil Engineering degree and an MBA degree from the Sardar Patel University.
Mr. Patel began his career as a Project Manager at Gujarat State Road Development Corporation Ltd. in 1999. He joined CARE Ratings in 2001 as a Deputy General Manager of Corporate Sector Ratings. In 2007, he became the Assistant Vice President of Investments at IndiaReit Fund Advisors Ltd.
Mr. Patel joined Tata Mutual Fund as a Deputy General Manager of Investments in 2008. He became the Head of PMS in 2012. A year later, he became a Fund Manager. Mr. Patel manages an AuM of Rs. 4,506 Crore invested in 14 schemes like Tata Large Cap, Tata Midcap, Tata Infrastructure, Tata Ethical, Tata India Tax Savings Fund, etc.
6. Mr. Sailesh Jain
Mr. Sailesh Jain has a B.Com degree from the Jai Hind College and is an MBA in Finance and Strategy from the Queensland University of Technology.
Mr. Jain was the Assistant Vice President of Derivatives at Brics Securities in 2004. He became the Fund Manager of Derivatives at Lotus India Mutual Fund in 2006. In 2008, he joined India Infoline Ltd. (IIFL Ltd.) as the as the Vice President of Derivatives. Two years later, he became the Vice President of Derivatives & Equities at Quant Capital Private Ltd. He joined IDFC Ltd. as the Senior Vice President of Equity Derivatives in 2016.
MR. Sailesh Jain joined Tata Asset Management Ltd. as the Fund Manager of Equities in 2018. He currently manages an AuM of Rs. 1,782 Crore invested in 15 schemes like Tata Digital India Fund, Tata Resources & Energy Fund, Tata India Pharma & HealthCare Fund, Tata Equity Savings Fund, etc.
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
Tata Flexi Cap Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Flexi Cap segment. It has given a commendable 20% annual returns in the last three years. In the previous year, it delivered 47.4% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,109Cr |
| 1Y Returns | 47.4% |
Tata Digital India Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 35.66% annual returns in the last three years. In the previous year, it delivered 100.37% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹150. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,768Cr |
| 1Y Returns | 100.4% |
Tata Banking and Financial Services Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 17.27% annual returns in the last three years. In the previous year, it delivered 62.79% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹810Cr |
| 1Y Returns | 62.8% |
Tata Index Sensex Direct
Fund Performance: This fund has consistently performed above the benchmark in Index segment. It has given a commendable 17.07% annual returns in the last three years. In the previous year, it delivered 51.24% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Other mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹94Cr |
| 1Y Returns | 51.2% |
Tata India Consumer Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 15.05% annual returns in the last three years. In the previous year, it delivered 47.71% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,304Cr |
| 1Y Returns | 47.7% |
Tata Retirement Savings Fund Conservative Plan Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Retirement segment. It has given a commendable 10.82% annual returns in the last three years. In the previous year, it delivered 15.29% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Solution Oriented mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹177Cr |
| 1Y Returns | 15.3% |
Tata Dynamic Bond Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Dynamic Bond segment. It has given a commendable 8.55% annual returns in the last three years. In the previous year, it delivered 6.75% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹217Cr |
| 1Y Returns | 6.8% |
Tata Liquid Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 5.22% annual returns in the last three years. In the previous year, it delivered 3.29% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹12,147Cr |
| 1Y Returns | 3.3% |
Tata Money Market Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Money Market segment. It has given a commendable 4.29% annual returns in the last three years. In the previous year, it delivered 4.35% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹7,139Cr |
| 1Y Returns | 4.3% |
Tata Multi Asset Opportunities Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Multi Asset Allocation segment. In the previous year, it delivered 40.14% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹150. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹987Cr |
| 1Y Returns | 40.1% |
Tata Arbitrage Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Arbitrage segment. In the previous year, it delivered 4.99% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹11,990Cr |
| 1Y Returns | 5.0% |
Tata Balanced Advantage Fund Direct Growth
Fund Performance: This fund has consistently performed above the benchmark in Dynamic Asset Allocation segment. In the previous year, it delivered 29.44% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹150. It is one of most notable Hybrid mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹3,342Cr |
| 1Y Returns | 29.4% |
Tata Midcap Growth Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 23.28% annual returns in the last three years. In the previous year, it delivered 64.65% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,410Cr |
| 1Y Returns | 64.7% |
Tata Ethical Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. It has given a commendable 22.08% annual returns in the last three years. In the previous year, it delivered 61.55% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,052Cr |
| 1Y Returns | 61.5% |
Tata Large & Mid Cap Fund Direct Plan Growth
Fund Performance: This fund has consistently performed above the benchmark in Large & MidCap segment. It has given a commendable 20.56% annual returns in the last three years. In the previous year, it delivered 56.54% returns.
Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,636Cr |
| 1Y Returns | 56.5% |
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