Tata Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 21-11-2024
₹ 44.02
1D
Inception Returns
18.1%
/yr
About Tata Banking & Financial Services Fund Direct Growth
Tata Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 28 December, 2015. The fund is managed by Amey Sathe. The fund could potentially beat inflation in the long-run.
Key Parameters
- Tata Banking & Financial Services Fund Direct Growth has ₹2374 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Tata Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.38%, 14.52% and 14.79% respectively.
Holdings
Tata Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Tata Banking & Financial Services Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Banking & Financial Services Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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1680 people have invested ₹ 1.5Cr in Tata Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for Tata Banking & Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Tata Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.54% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹2374 Cr |
| Inception Date | 28 December, 2015 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 21.1% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
56.7%
Small cap
27.6%
Mid cap
13.9%
Sector Allocation
Financial Services
100%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -2.40% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 4.12% in Oct'24
- AUM of the fund stands at 2.4K Cr as of Oct'24
- AUM decreased by 31.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 8.2% to 9.57%
HDFC Bank Ltd's allocation increased from 21.89% to 23.03%
Kotak Mahindra Bank Ltd's allocation increased from 5.74% to 6.2%
Top Stocks sold last month
PNB Housing Finance Ltd's allocation decreased from 3.06 % to 3.05 %
SBI Cards and Payment Services Ltd Ordinary Shares's allocation decreased from 2.61 % to 2.44 %
ICICI Lombard General Insurance Co Ltd's allocation decreased from 2.71 % to 2.42 %
Mid Cap allocation has gone down from 14% to 13.9%
Large Cap allocation has gone up from 53.9% to 56.7%
Small Cap allocation has gone down from 28.6% to 27.6%
Cash allocation has gone down from 2.5% to 1.4%
Top Sector in October was Financial Services
Oct'24
Financial Services
100%
Sep'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Prudent Corporate Advisory Services Ltd | 11.6% |
 BSE Ltd | 9.1% |
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Amey Sathe
Fund Manager of Tata Banking & Financial Services Fund Direct Growth, since 14 October 2021
Top funds managed
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.87L Cr
as on 31-Oct-2024
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 13.4% growth in AUM moving from 2.09K Cr to 2.37K Cr.
Over the last 1 month, this fund has increased expense ratio by 20.0% moving from 0.45 to 0.54.
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 29.65% return, outperforming this fund by 11.27%.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.23% return, outperforming this fund by 2.7% per annum.
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 16.44% return, outperforming this fund by 1.65% per annum.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.54% which is lower than the category average expense ratio of 1.04%.
Tata Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.12% since inception which is more than its category average return of 14.21%
Fund Allocations
This fund has an allocation of 98.61% in Equity, 0% in Debt and 1.39% in Cash related instruments
AUM size ₹2374 Cr
This fund has AUM of ₹2374 Cr which is more than its category average of ₹ 1738 Cr
Expense Ratio 0.54%
This fund has an expense ratio of 0.54% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Tata Banking & Financial Services Fund Direct Growth
The current NAV of Tata Banking & Financial Services Fund Direct Growth is ₹44.02 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Tata Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.89% | -3.89% |
6 Month Returns | 9.36% | 9.36% |
1 Year Returns | 18.38% | 18.38% |
3 Years Returns | 50.21% | 14.52% |
5 Years Returns | 99.31% | 14.79% |
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0.54% as on October 2024
₹2374 Cr as on October 2024
HDFC Bank Ltd(23.03%), Axis Bank Ltd(9.57%), ICICI Bank Ltd(9.06%), Kotak Mahindra Bank Ltd(6.2%), State Bank of India(3.42%) as on October 2024
The alpha ratio for the Tata Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Banking & Financial Services Fund Direct Growth | 2.08 | 5.51 | 3.44 |
As on October 2024
The alpha for Tata Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Tata Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata Banking & Financial Services Fund Direct Growth | 0.94 | 0.96 | 0.9 |
As on October 2024
The Beta for Tata Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Tata Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Banking & Financial Services Fund Direct Growth | 1.31 | 0.62 | 0.55 |
As on October 2024
The sharpe ratio for Tata Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Tata Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata Banking & Financial Services Fund Direct Growth | 13.69 | 15.37 | 22.87 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.11 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.09 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Amey Sathe is the fund manager of Tata Banking & Financial Services Fund Direct Growth
The Exit load of Tata Banking & Financial Services Fund Direct Growth is 0.25%