Tata Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Murthy Nagarajan, Sonam Udasi is the Current Fund Manager of Tata Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹138 Cr and the Latest NAV as of 08 Nov 2019 is ₹36.05.
The Tata Equity Savings Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units more than 12% of the investments, an exit load of 0.25% if redeemed within 90 days..
One of the ideal investment avenue for pre-dominantly fixed income investors interested in allocating a small percentage of their investments in to equities while focusing on earning accrual income on major proportion of their investments.
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
For units more than 12% of the investments, an exit load of 0.25% if redeemed within 90 days.