| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.59% |
| NAV | ₹14.77 (25 Sep 2020) |
|---|---|
| Fund Started | 28 Dec 2015 |
| Fund Size | ₹468 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 23.9% |
| ICICI Bank Ltd. | Financial | Equity | 14.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 12.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 10.6% |
| Axis Bank Ltd. | Financial | Equity | 6.7% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 4.7% |
| HDFC Life Insurance Co Ltd. | Financial | Equity | 4.5% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 3.9% |
| City Union Bank Ltd. | Financial | Equity | 3.1% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.6% |
Tata Banking and Financial Services Fund Regular 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹468 Cr and the Latest NAV as of 25 Sep 2020 is ₹14.77.
The Tata Banking and Financial Services Fund Regular 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.
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.
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.