Tata India Innovation Fund Direct Growth

Tata India Innovation Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 20-12-2024

₹ 9.98

▼-1.2%

1D

Inception Returns

-0.7%

/yr

About Tata India Innovation Fund Direct Growth

Tata India Innovation Fund Direct Growth is an equity fund. This fund was started on 28 November, 2024. The fund is managed by Meeta Shetty. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Tata India Innovation Fund Direct Growth has ₹1649 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Tata India Innovation Fund Direct Growth has given a CAGR return of -0.69% since inception.

Holdings

Tata India Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Tech, Health, Industrial, Communication, Energy. Its top holdings are

Taxation

As it is a equity - other 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Tata India Innovation Fund Direct Growth

The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata India Innovation Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised
▲
▼

zero opening, trading, fund transfer fee
969 people have invested ₹ 1.6Cr in Tata India Innovation Fund Direct Growth in the last three months

Tata India Innovation Fund Direct Growth Overview

Expense ratio0.5%
Benchmark
Nifty 500 TRI
AUM₹1649 Cr
Inception Date28 November, 2024
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Dec-69)

  • Equity 33.6%

  • Debt & Cash 66.4%

Large cap
17.4%
Small cap
10.4%
Mid cap
5.8%
Sector Allocation

Nov'24

Oct'24

Consumer Cyclical
29.6%
Financial Services
22.9%
Tech
21.4%
Health
9.4%
Industrial
7.1%
Communication
5.5%
Energy
4.1%

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Tata India Innovation Fund Direct Growth
Tata India Innovation Fund Direct Growth
-
-
-
-0.69%
Franklin India Opportunities Fund - Direct - Growth
Franklin India Opportunities Fund - Direct - Growth
43.61%
30.6%
28.88%
19.18%
SBI PSU Direct Growth
SBI PSU Direct Growth
36.52%
38.65%
25.7%
12.35%
Nippon India Power & Infra Fund - Direct Plan - Growth
Nippon India Power & Infra Fund - Direct Plan - Growth
33.9%
33.36%
31.1%
16.6%
See all
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Meeta Shetty
Meeta Shetty
Fund Manager of Tata India Innovation Fund Direct Growth, since 28 November 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Tata Large & Mid Cap Fund Direct Plan Growth
19.41%
20.43%
Tata Focused Equity Fund Direct Growth
19.9%
17.35%
Tata Digital India Fund Direct Growth
14.46%
9.36%
Fund House
Tata Asset Management Limited
Total Schemes
64
See all Tata schemes
Total AUM
₹1.9L Cr
as on 29-Nov-2024
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com

Tata India Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 33.59% in Equity, 0% in Debt and 66.41% in Cash related instruments
AUM size ₹1649 Cr

AUM size ₹1649 Cr

This fund has AUM of ₹1649 Cr which is less than its category average of ₹ 2189 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.18%

Frequently Asked Questions for Tata India Innovation Fund Direct Growth

The current NAV of Tata India Innovation Fund Direct Growth is ₹9.98 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Tata India Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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  • Select your bank account and proceed with Payment.
0.5% as on November 2024
₹1649 Cr as on November 2024
Consumer Cyclical(9.95%), Financial Services(7.68%), Tech(7.2%) as on November 2024
The alpha ratio for the Tata India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on November 2024
The alpha for Tata India Innovation Fund Direct Growth is calculated against Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on November 2024
The Beta for Tata India Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on November 2024
The sharpe ratio for Tata India Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on November 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.
Meeta Shetty is the fund manager of Tata India Innovation Fund Direct Growth
The Exit load of Tata India Innovation Fund Direct Growth is 1%