Tata Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 24-03-2025
₹ 45.64
▲1.5%
1D
Inception Returns
17.7%
/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 ₹2285 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Tata Banking & Financial Services Fund Direct Growth has given a CAGR return of 17.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.34%, 18.97% and 22.84% respectively.
Holdings
Tata Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, SBI Cards and Payment Services Ltd Ordinary Shares
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
▲
▼
1693 people have invested ₹ 1.7Cr 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.
3Y returns in the top 25% of the category
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 | 0.57% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹2285 Cr |
| Inception Date | 28 December, 2015 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 21.1% |
| STCG | Selling mutual fund 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 (24-Mar-25)
Fund Distribution
as on (31-Jan-25)
Large cap
60%
Small cap
23.8%
Mid cap
14.9%
Sector Allocation
Financial Services
98.3%
Tech
1.7%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 2.3K Cr as of Feb'25
- AUM decreased by 39.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 8.38% to 9.41%
Bajaj Finance Ltd's allocation increased from 1.75% to 2.38%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 2.49% to 2.95%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 23.81 % to 23.39 %
ICICI Bank Ltd's allocation decreased from 9.1 % to 8.98 %
Axis Bank Ltd's allocation decreased from 9.08 % to 8.49 %
Large Cap allocation has gone up from 58.9% to 60%
Small Cap allocation has gone down from 24.2% to 23.8%
Mid Cap allocation has gone down from 15.2% to 14.9%
Cash allocation has gone down from 1.7% to 1.3%
Top 2 Sectors in February were Financial Services, Tech
Feb'25
Financial Services
98%
Tech
2%
Jan'25
Financial Services
98%
Tech
2%
See all
Top Growth Drivers | 1M Return |
|---|---|
 India Shelter Finance Corporation Ltd | 13.3% |
 Bajaj Finance Ltd | 6.7% |
 HDFC Bank Ltd | 5.6% |
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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
₹1.93L Cr
as on 31-Jan-2025
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com
Mutual Fund Insights
In the last 5 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 26.18% return, outperforming this fund by 3.34% per annum.
Over the last 3 months, this fund has increased expense ratio by 32.6% moving from 0.43 to 0.57.
In the last 1 year, DSP Banking & Financial Services Fund Direct Growth has given 25.42% return, outperforming this fund by 8.08%.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.09%.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.83% return, outperforming this fund by 0.86% per annum.
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 17.66% since inception which is more than its category average return of 12.97%
Fund Allocations
This fund has an allocation of 98.69% in Equity, 0% in Debt and 1.31% in Cash related instruments
AUM size ₹2285 Cr
This fund has AUM of ₹2285 Cr which is more than its category average of ₹ 1792 Cr
Expense Ratio 0.57%
This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.28%
Frequently Asked Questions for Tata Banking & Financial Services Fund Direct Growth
The current NAV of Tata Banking & Financial Services Fund Direct Growth is ₹45.64 as on 24-Mar-2025.
Existing (Absolute + CAGR) as on 24-Mar-2025.
Tata Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.9% | 4.9% |
6 Month Returns | -5.3% | -5.3% |
1 Year Returns | 17.34% | 17.34% |
3 Years Returns | 68.39% | 18.97% |
5 Years Returns | 179.65% | 22.84% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
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0.57% as on February 2025
₹2285 Cr as on February 2025
HDFC Bank Ltd(24.26%), Kotak Mahindra Bank Ltd(9.58%), Axis Bank Ltd(8.89%), ICICI Bank Ltd(8.77%), SBI Cards and Payment Services Ltd Ordinary Shares(3.23%) as on February 2025
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 | -4.67 | 4.92 | 2.7 |
As on February 2025
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 | 1.12 | 0.94 | 0.9 |
As on February 2025
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 | 0.24 | 0.73 | 0.48 |
As on February 2025
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 | 12.94 | 14.2 | 22.79 |
As on February 2025
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 1.52 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.94 as on February 2025. 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%