Fund Details
Tata Banking and Financial Services Fund Regular IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.57% |
| NAV | ₹21.43 (11 May 2021) |
|---|---|
| Fund Started | 28 Dec 2015 |
| Fund Size | ₹683 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Higher expense ratio - 2.57%
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 19.4% |
| ICICI Bank Ltd. | Financial | Equity | 15.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 11.2% |
| Axis Bank Ltd. | Financial | Equity | 9.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 9.3% |
| State Bank of India | Financial | Equity | 7.4% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 4.8% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.8% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 2.5% |
| Max Financial Services Ltd. | Financial | Equity | 2.5% |
Fund Managers
Tata Banking and Financial Services Fund Regular IDCW Details
Tata Banking and Financial Services Fund Regular IDCW 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 Regular IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹683 Cr and the Latest NAV as of 11 May 2021 is ₹21.43.
The Tata Banking and Financial Services Fund Regular IDCW is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 30 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.
