Tata Banking and Financial Services Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹407 Cr and the Latest NAV as of 02 Jun 2020 is ₹16.91.
The Tata Banking and Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 3 months
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.
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)
Min for First Investment
Min for Second Investment
Exit load of 0.25% if redeemed within 3 months