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Tata Banking and Financial Services Fund Direct Dividend+1.97%

7.21%
1 Year Return
Equity
Sectoral/Thematic
4.0star
6M
1Y
3Y
5Y
All

Fund Details

Tata Banking and Financial Services Fund Direct Dividend

RiskHigh
Min SIP Amount₹500
Expense Ratio1.05%
NAV₹24.90 (19 Jan 2021)
Fund Started28 Dec 2015
Fund Size615 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
7.2%
10.9%
20.9%
19.6%
Category Average
-0.3%
2.4%
13.8%
-
Rank Within Category
2
2
2
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 7.2% returns per annum

Comparison

Data not available
Pros
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity21.8%
ICICI Bank Ltd.FinancialEquity14.4%
Housing Development Finance Corpn. Ltd.FinancialEquity11.4%
Kotak Mahindra Bank Ltd.FinancialEquity9.2%
Axis Bank Ltd.FinancialEquity7.4%
HDFC Life Insurance Co Ltd.FinancialEquity4.8%
State Bank of IndiaFinancialEquity4.5%
SBI Cards & Payments Services Ltd.FinancialEquity3.5%
HDFC Asset Management Company Ltd.FinancialEquity3.4%
City Union Bank Ltd.FinancialEquity3.0%
See All

Fund Managers

Sonam Udasi
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Tata Banking and Financial Services Fund Direct Dividend Details

Tata Banking and Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 28 Dec 2015. Pradeep Gokhale, Sonam Udasi is the Current Fund Manager of Tata Banking and Financial Services Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹615 Cr and the Latest NAV as of 19 Jan 2021 is ₹24.90.

The Tata Banking and Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 12% of the investment,1% will be charged for redemption within 365 Days.

Investment Objective

The scheme seeks long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 12% of the investment,1% will be charged for redemption within 365 Days.
Exit Load

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About Tata Mutual Fund

Address
Mafatlal Centre, 9th Floor, Nariman Point Mumbai 400021
Phone
022 6657 8282
Launch Date
30 Jun 1995
Website
NA
Tata Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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