Tata Nifty Financial Services Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 05-03-2025
₹ 10.78
▲0.3%
1D
Inception Returns
7.7%
/yr
About Tata Nifty Financial Services Index Fund Direct Growth
Tata Nifty Financial Services Index Fund Direct Growth is an equity fund. This fund was started on 26 April, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Tata Nifty Financial Services Index Fund Direct Growth has ₹80 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Tata Nifty Financial Services Index Fund Direct Growth has given a CAGR return of 7.65% since inception.
Holdings
Tata Nifty Financial Services Index Fund Direct Growth has allocated its funds majorly in Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
Taxation
As it is a index funds 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 Nifty Financial Services Index Fund Direct Growth
The investment objective of the scheme is to provide returns, before expenses, that is commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Nifty Financial Services Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
▲
▼
448 people have invested ₹ 6.8L in Tata Nifty Financial Services Index Fund Direct Growth in the last three months
Tata Nifty Financial Services Index Fund Direct Growth Overview
| Expense ratio | 0.31% |
Benchmark | IISL Nifty Financial Services TR INR |
| AUM | ₹80 Cr |
| Inception Date | 26 April, 2024 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| 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 |
Fund Distribution
as on (31-Jan-25)
Large cap
95.1%
Mid cap
4.1%
Small cap
0.8%
Sector Allocation
Financial Services
100%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 54.3 Cr as of Jan'25
- AUM increased by 9.3 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Bajaj Finance Ltd's allocation increased from 4.79% to 6.05%
Kotak Mahindra Bank Ltd's allocation increased from 6.59% to 7.65%
Bajaj Finserv Ltd's allocation increased from 2.15% to 2.6%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 33.77 % to 31.1 %
ICICI Bank Ltd's allocation decreased from 22.68 % to 22.05 %
State Bank of India's allocation decreased from 7.68 % to 7.42 %
Large Cap allocation has gone up from 95% to 95.1%
Small Cap allocation has gone up from 0.8% to 0.8%
Mid Cap allocation has gone down from 4.3% to 4.1%
Cash allocation has gone up from -0.1% to -0%
Top Sector in January was Financial Services
Jan'25
Financial Services
100%
Dec'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Shriram Finance Ltd | 7.7% |
 Bajaj Finance Ltd | 1.8% |
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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
Tata Nifty Financial Services Index 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 returns of 7.65% since inception (26th April 2024)
Fund Allocations
This fund has an allocation of 100.03% in Equity, 0% in Debt and -0.03% in Cash related instruments
AUM size ₹80 Cr
This fund has AUM of ₹80 Cr which is less than its category average of ₹ 775 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Tata Nifty Financial Services Index Fund Direct Growth
The current NAV of Tata Nifty Financial Services Index Fund Direct Growth is ₹10.78 as on 05-Mar-2025.
Existing (Absolute + CAGR) as on 05-Mar-2025.
Tata Nifty Financial Services Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.5% | -2.5% |
6 Month Returns | -3.77% | -3.77% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.31% as on February 2025
₹80 Cr as on February 2025
HDFC Bank Ltd(31.1%), ICICI Bank Ltd(22.05%), Kotak Mahindra Bank Ltd(7.65%), State Bank of India(7.42%), Axis Bank Ltd(7.14%) as on February 2025
The alpha ratio for the Tata Nifty Financial Services Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Nifty Financial Services Index Fund Direct Growth | - | - | - |
As on February 2025
The alpha for Tata Nifty Financial Services Index Fund Direct Growth is calculated against IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata Nifty Financial Services Index Fund Direct Growth | - | - | - |
As on February 2025
The Beta for Tata Nifty Financial Services Index Fund Direct Growth is calculated with IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Nifty Financial Services Index Fund Direct Growth | - | - | - |
As on February 2025
The sharpe ratio for Tata Nifty Financial Services Index Fund Direct Growth is calculated with IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata Nifty Financial Services Index Fund Direct Growth | - | - | - |
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.
The Exit load of Tata Nifty Financial Services Index Fund Direct Growth is 0.25%