Tata Banking and Financial Services Fund Direct Dividend+0.33%

4Groww
32.66%
1 Year Return
Equity
Sectoral/Thematic
4.0 star
6M
1Y
3Y
All

Fund Details

Tata Banking and Financial Services Fund Direct Dividend

RiskHigh
Min SIP Amount₹500
Expense Ratio1.10%
NAV21.46 (23 Oct 2019)
Fund Started28 Dec 2015
Fund Size351 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Tata Banking and Financial Services Fund Direct Dividend
32.7%
16.9%
NA
22.1%
Category Average
5.9%
9.2%
8.6%
-
Rank within category
1
2
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    30
    with 32.7% annual returns

    Comparison

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

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity22.3%
    ICICI Bank Ltd.FinancialEquity14.6%
    Kotak Mahindra Bank Ltd.FinancialEquity11.3%
    Housing Development Finance Corpn. Ltd.FinancialEquity9.4%
    Axis Bank Ltd.FinancialEquity8.8%
    Bajaj Finance Ltd.FinancialEquity4.7%
    Muthoot Finance Ltd.FinancialEquity3.5%
    DCB Bank Ltd.FinancialEquity3.3%
    ICICI Prudential Life Insurance Company Ltd.FinancialEquity3.3%
    HDFC Life Insurance Co Ltd.FinancialEquity3.3%
    See All

    Fund Managers

    addSonam Udasi
    Education
    Mr. Udasi is a B.Com and also holds PGDM(Finance).
    Experience
    Prior to joining Tata AMC he was associated with ASK Raymond James (Jun 2005-Jan 2006) as Lead Analyst (Reporting to Head Research), JM Financial AMC (Feb 2006-June 2007) as Senior Analyst (Reporting to CIO), Prime Securities (Aug 2007-Oct 2008) as Head Research (Reporting to President), BRICS Securities (Nov 2008-Apr 2010) as Consumer Vertical (Reporting to Head Equities) and IDBI Capital Market Services Ltd (Jun 2010-March 2014) as Head Research (Reporting to Executive VP).
    Funds Managed

    Other Details

    Tata Banking and Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 28 Dec 2015. Pradeep Gokhale, Sonam Udasi is the Current Fund Manager of Tata Banking and Financial Services Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹351 Cr and the Latest NAV as of 23 Oct 2019 is ₹21.46.

    The Tata Banking and Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 3 months.

    Investment Objective

    The investment objective of the scheme is to seek 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
    Exit load of 0.25% if redeemed within 3 months
    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
    29 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,
    Invest Now
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