Tata Banking and Financial Services Fund Direct-Gr...
(Scheme Rating)
NAV as of Aug 29, 2024
44.70-0.26%
- Growth - Direct
(Earn upto 1.51% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.46%(0.62% Category
average)Fund Size:
Rs. 2,252.72 Cr(5.57% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Tata Banking and Financial Services Fund Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
44.70-0.26%
Expense Ratio:
0.46%
Fund Size:
Rs. 2,252.72 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Tata Banking and Financial Services Fund - Direct Plan as of Aug 29, 2024 is Rs 44.70 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 23.22% (1yr), 16.8% (3yr), 17.61% (5yr) and 18.88% (since launch). Whereas, Category returns for the same time duration are: 24.78% (1yr), 16.52% (3yr) and 15.59% (5yr).
3. Fund Size: The Tata Banking and Financial Services Fund - Direct Plan currently holds Assets under Management worth of Rs 2252.72 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.47% for Direct plan as on Aug 17, 2024.
5. Exit Load: Tata Banking and Financial Services Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25% if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Tata Banking and Financial Services Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.83 10.67 15.11 22.74 16.68 17.87 Category Avg -0.06 6.61 11.47 24.80 16.49 15.98 Rank within Category 6 7 8 16 7 5 No. of funds within Category 54 51 49 43 28 18 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Financial Services Total Return Index
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- Nifty 50
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- 3M
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Tata Banking and Financial Services Fund Direct-Growth Fund Details
Investment Objective - The scheme seeks 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.
Fund House | Tata Mutual Fund |
Launch Date | Dec 28, 2015 |
Benchmark | NIFTY Financial Services Total Return Index |
Return Since Launch | 18.84% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Below Average |
Return Grade | Average |
Tata Banking and Financial Services Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 500.00 |
Exit Load Exit load of 0.25% if redeemed within 30 days. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 33 | 32 | 34 | 34 | 34 | 34 |
Top 5 Company Holdings | 46.36% | 47.14% | 47.61% | 46.08% | 47.69% | 46.93% |
Top 10 Company Holdings | 59.62% | 59.72% | 60.42% | 59.51% | 60.88% | 60.39% |
Company with Highest Exposure | HDFC Bank (20.94%) | HDFC Bank (21.47%) | HDFC Bank (21.24%) | HDFC Bank (20.62%) | HDFC Bank (21.16%) | HDFC Bank (20.5%) |
Number of Sectors | 4 | 4 | 4 | 4 | 4 | 4 |
Top 3 Sector Holdings | 94.78% | 93.21% | 95.61% | 95.98% | 97.2% | 96.41% |
Top 5 Sector Holdings | 96.17% | 94.46% | 96.77% | 97.3% | 98.51% | 97.68% |
Sector with Highest Exposure | Financial (86.18%) | Financial (86.6%) | Financial (89.4%) | Financial (89.59%) | Financial (90.5%) | Financial (89.72%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 20.94 18.27 89.60 3.03 ICICI Bank Financial 8.98 18.65 65.91 26.26 Axis Bank Financial 6.63 13.59 86.50 19.85 Kotak Mahindra Bank Financial 5.98 16.46 108.21 -0.33 State Bank of India Financial 3.83 10.55 77.28 41.69 PNB Housing Finance Financial 2.92 15.93 61.35 47.37 Karur Vysya Bank Financial 2.87 10.46 21.25 84.60 ICICI Lombard Insurance 2.67 50.10 42.75 61.85 HDFC Life Insurance Insurance 2.54 - - - PB Fintech Services 2.26 - - -
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Tata Banking and Financial Services Fund Direct-Growth 44.70 2,252.72 2.06 23.93 15.89 17.83 Sundaram Financial Services Opportunities Fund Direct-Growth 110.68 1,409.46 1.50 33.76 20.33 20.82 Nippon India Banking & Financial Services Fund Direct-Growth 623.02 6,029.38 1.46 28.38 18.82 18.62 Invesco India Financial Services Fund Direct-Growth 149.08 948.64 1.85 43.21 18.66 19.77 SBI Banking & Financial Services Fund Direct-Growth 41.59 5,979.63 0.47 36.75 16.17 18.30
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
15.52VS15.26Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Moderate Volatility
0.89VS0.89Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.77VS0.78Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
13.46VS13.37Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.98VS2.86Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
17.50VS17.42Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
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Fund Manager
- A.S.Amey SatheSince Jun 20182 schemes
Mr. Sathe is MMS & CFA Prior to joining TATA Mutual Fund he has worked with JM Financial Institutional Securities Ltd as Assistant Vice President Equity Research, CARE Ratings as Deputy Manager and HDFC Securities in Equity research.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Tata Flexi Cap Fund Direct - Growth Flexi Cap 26.05 3,048.83 35.25 Tata Equity PE Fund Direct-Growth Value Oriented 416.26 8,864.64 55.50
More Tata Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Tata Liquid Fund Direct-Growth | 29,639.40 | 0.60 | 1.85 | 3.62 | 7.29 | 5.39 | |
Tata Money Market Fund Direct-Growth | 16,515.32 | 0.74 | 1.98 | 3.78 | 7.93 | 5.91 | |
Tata Arbitrage Fund Direct - Growth | 10,151.81 | 0.67 | 2.28 | 4.09 | 8.32 | 6.18 | |
Tata Digital India Fund Direct-Growth | 10,068.22 | -1.31 | 10.59 | 17.14 | 37.16 | 20.37 | |
Tata Balanced Advantage Fund Direct - Growth | 8,729.74 | 2.27 | 6.86 | 11.33 | 25.12 | 14.16 | |
Tata Equity PE Fund Direct-Growth | 7,255.96 | 1.41 | 9.94 | 21.11 | 48.31 | 22.92 | |
Tata Large & Mid Cap Fund Direct Plan-Growth | 6,619.55 | 1.35 | 7.10 | 10.66 | 33.68 | 18.40 | |
Tata Small Cap Fund Direct - Growth | 6,289.22 | -2.00 | 1.64 | 8.52 | 36.51 | 29.58 | |
Tata ELSS Tax Saver Fund Direct-Growth | 4,016.44 | 0.67 | 4.84 | 10.43 | 32.55 | 17.11 | |
Tata Hybrid Equity Fund Direct Plan-Growth | 3,693.58 | 1.86 | 6.74 | 10.33 | 24.74 | 14.69 |
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1. Tata Banking and Financial Services Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Dec 28, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks 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. "
2. It is benchmarked against NIFTY Financial Services Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.17% in equities, 0.0% in debts and 3.83% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 59.62% of the assets, the top 3 sectors constitute around 94.78% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Tata Banking and Financial Services Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Tata Banking and Financial Services Fund Direct-Growth
- Is it safe to invest in Tata Banking and Financial Services Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Tata Banking and Financial Services Fund - Direct Plan comes under Very High risk category.
- What is the category of Tata Banking and Financial Services Fund - Direct Plan?Tata Banking and Financial Services Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Tata Banking and Financial Services Fund - Direct Plan?The suggested investment horizon of investing into Tata Banking and Financial Services Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Tata Banking and Financial Services Fund - Direct Plan?The Tata Banking and Financial Services Fund - Direct Plan is managed by Amey Sathe (Since Jun 18, 2018).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.