Tata Mid Cap Growth Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 06-09-2024
₹ 506.65
1D
Inception Returns
22.1%
/yr
About the Fund
Tata Mid Cap Growth Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Satish Mishra. The fund could potentially beat inflation in the long-run.
Key Parameters
- Tata Mid Cap Growth Fund Direct Growth has ₹4467 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Tata Mid Cap Growth Fund Direct Growth has given a CAGR return of 22.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.75%, 24.64% and 30.08% respectively.
Holdings
Tata Mid Cap Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Health, Consumer Cyclical, Basic Materials, Real Estate, Tech, Communication, Consumer Defensive, Utilities, Energy. Its top holdings are Aurobindo Pharma Ltd, Cummins India Ltd, Alkem Laboratories Ltd, Muthoot Finance Ltd, Max Financial Services Ltd
Taxation
As it is a mid-cap 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 Mid Cap Growth Fund Direct Growth
To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks. 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Mid Cap Growth Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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3446 people have invested ₹ 2.4Cr in Tata Mid Cap Growth Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
8
/19
49% Performance
48% Risk Management
66% Cost
8 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.73% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹4467 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 37.22% |
| 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 (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Mid cap
71.4%
Small cap
17.5%
Large cap
8.6%
Sector Allocation
Industrial
31.7%
Financial Services
19.4%
Health
12.4%
Consumer Cyclical
9.2%
Basic Materials
8.2%
Real Estate
5.7%
Tech
4.6%
Communication
3%
Consumer Defensive
3%
Utilities
1.4%
Energy
1.4%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.90% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.95% as on Jul'24
- This fund outperformed Nifty Midcap 150 by 0.95% in Jul'24
- AUM of the fund stands at 4.5K Cr as of Jul'24
- AUM increased by 272.6 Cr between Jul'24 and Jun'24
Top Stocks bought last month
TeamLease Services Ltd's allocation increased from 0.53% to 1.12%
Muthoot Finance Ltd's allocation increased from 2.14% to 2.57%
The Federal Bank Ltd's allocation increased from 1.39% to 1.8%
Top Stocks sold last month
Cummins India Ltd's allocation decreased from 3.5 % to 3.19 %
Alkem Laboratories Ltd's allocation decreased from 2.98 % to 2.97 %
Thermax Ltd's allocation decreased from 2.77 % to 2.47 %
Large Cap allocation has gone down from 9.8% to 8.3%
Cash allocation has gone down from 1.9% to 1.1%
Top 3 Sectors in July were Industrial, Financial Services & Health
Jul'24
Industrial
32%
Financial Services
19%
Health
12%
Jun'24
Industrial
34%
Financial Services
18%
Health
12%
Top Growth Drivers | 1M Return |
|---|---|
 Lupin Ltd | 19.9% |
 Alkem Laboratories Ltd | 17.9% |
 Aurobindo Pharma Ltd | 9.4% |
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Satish Mishra
Fund Manager of Tata Mid Cap Growth Fund Direct Growth, since 30 June 2021
Top funds managed
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.04L Cr
as on 31-Jul-2024
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 3 years, Motilal Oswal Midcap Direct Growth has given 38.4% return, outperforming this fund by 13.77% per annum.
Over the last 6 months, this fund has experienced a 38.5% growth in AUM moving from 3.22K Cr to 4.46K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.13%.
Over the last 1 year, this fund has decreased expense ratio by 23.2% moving from 0.95 to 0.73.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 61.89% return, outperforming this fund by 17.14%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.13% return, outperforming this fund by 9.04% per annum.
Tata Mid Cap Growth 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 22.08% since inception which is more than its category average return of 20.5%
Fund Allocations
This fund has an allocation of 98.87% in Equity, 0% in Debt and 1.13% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9355 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of Tata Mid Cap Growth Fund Direct Growth is ₹506.65 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Tata Mid Cap Growth Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.08% | 5.08% |
6 Month Returns | 24.72% | 24.72% |
1 Year Returns | 44.75% | 44.75% |
3 Years Returns | 93.62% | 24.64% |
5 Years Returns | 272.5% | 30.08% |
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0.73% as on August 2024
₹4467 Cr as on August 2024
Aurobindo Pharma Ltd(3.21%), Cummins India Ltd(3.19%), Alkem Laboratories Ltd(2.97%), Muthoot Finance Ltd(2.57%), Max Financial Services Ltd(2.49%) as on August 2024
Industrial(31.31%), Financial Services(19.2%), Health(12.23%) as on August 2024
The alpha ratio for the Tata Mid Cap Growth Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Mid Cap Growth Fund Direct Growth | 3.88 | 0.94 | 1.17 |
As on August 2024
The alpha for Tata Mid Cap Growth Fund Direct Growth is calculated against S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata Mid Cap Growth Fund Direct Growth | 0.85 | 0.84 | 0.87 |
As on August 2024
The Beta for Tata Mid Cap Growth Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Mid Cap Growth Fund Direct Growth | 2.78 | 1.36 | 1.21 |
As on August 2024
The sharpe ratio for Tata Mid Cap Growth Fund Direct Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata Mid Cap Growth Fund Direct Growth | 12.2 | 13.35 | 19.22 |
As on August 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 2.91 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Satish Mishra is the fund manager of Tata Mid Cap Growth Fund Direct Growth
The Exit load of Tata Mid Cap Growth Fund Direct Growth is 1%