Tata Equity Savings Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Murthy Nagarajan, Danesh Mistry is the Current Fund Manager of Tata Equity Savings Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹138 Cr and the Latest NAV as of 22 Jan 2020 is ₹15.23.
The Tata Equity Savings Fund Direct Dividend Monthly 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..
Investment Objective
The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
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
For units more than 12% of the investments, an exit load of 0.25% if redeemed within 90 days.
Exit Load