Tata Nifty Financial Services Index Fund Direct - ...
NAV as of Aug 30, 2024
11.100.25%
(Earn upto 0.75% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.34%(0.62% Category
average)Fund Size:
Rs. 40.47 Cr(0.10% of Investment in Category)
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Tata Nifty Financial Services Index Fund Direct - IDCW
NAV as of Aug 30, 2024
11.100.25%
Expense Ratio:
0.34%
Fund Size:
Rs. 40.47 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Tata Nifty Financial Services Index Fund - Direct Plan as of Aug 30, 2024 is Rs 11.10 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.4% (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 Nifty Financial Services Index Fund - Direct Plan currently holds Assets under Management worth of Rs 40.47 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.34% for Direct plan as on Aug 17, 2024.
5. Exit Load: Tata Nifty Financial Services Index Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.25%, if redeemed within 15 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Tata Nifty Financial Services Index Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.16 8.89 - - - - Category Avg 0.03 6.53 11.90 26.24 15.67 15.90 Rank within Category 13 14 - - - - 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
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
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- 3M
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- 1Y
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Tata Nifty Financial Services Index Fund Direct - IDCW Fund Details
Investment Objective - The scheme seeks to provide returns, before expenses, that commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error. 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.
Fund House | Tata Mutual Fund |
Launch Date | Apr 26, 2024 |
Benchmark | NIFTY Financial Services Total Return Index |
Return Since Launch | 10.95% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Tata Nifty Financial Services Index Fund Direct - IDCW 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 15 days. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | |
---|---|---|---|---|
Number of Holdings | 20 | 20 | 20 | 20 |
Top 5 Company Holdings | 75.48% | 77.2% | 77.29% | 77.17% |
Top 10 Company Holdings | 88.97% | 89.77% | 90.1% | 90.23% |
Company with Highest Exposure | HDFC Bank (30.35%) | HDFC Bank (31.96%) | HDFC Bank (31.41%) | HDFC Bank (31.09%) |
Number of Sectors | 2 | 2 | 2 | 2 |
Top 3 Sector Holdings | 99.63% | 99.15% | 99.39% | 99.89% |
Top 5 Sector Holdings | 99.63% | 99.15% | 99.39% | 99.89% |
Sector with Highest Exposure | Financial (93.64%) | Financial (94.19%) | Financial (94.47%) | Financial (94.66%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 30.35 18.27 89.60 3.03 ICICI Bank Financial 21.3 18.65 65.91 26.26 State Bank of India Financial 8.72 10.55 77.28 41.69 Axis Bank Financial 8.22 13.59 86.50 19.85 Kotak Mahindra Bank Financial 6.89 16.46 108.21 -0.33 Bajaj Finance Financial 4.91 29.86 241.14 -3.15 Bajaj Finserv Financial 2.32 34.12 52.25 16.77 Shriram Finance Financial 2.11 15.68 204.41 70.94 Power Fin. Corp. Financial 2.09 8.75 62.81 156.69 REC Financial 2.06 11.15 55.59 156.29
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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 Nifty Financial Services Index Fund Direct - IDCW 11.10 Unrated 40.47 1.16 - - - Sundaram Financial Services Opportunities Fund Direct-IDCW 37.74 1,409.46 1.50 33.76 20.33 20.82 Invesco India Financial Services Fund Direct-IDCW 77.03 948.64 1.85 43.21 18.66 19.77 SBI Banking & Financial Services Fund Direct-IDCW 37.27 5,979.63 0.47 36.75 16.17 18.30 Mirae Asset Banking and Financial Services Fund Direct-IDCW 19.74 1,835.17 -0.37 24.89 16.10 -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
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Fund Manager
- K.M.Kapil MenonSince Apr 20247 schemes
Mr. Menon has done B.Com He has been working with Tata Mutual Fund since 2006
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Tata Nifty India Tourism Index Fund Direct-IDCW Thematic 10.23 Unrated 297.46 - Tata Nifty Midcap 150 Momentum 50 Index Fund Direct - IDCW Mid Cap 19.68 Unrated 505.64 63.55 Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct - IDCW Sectoral-Infrastructure 11.34 Unrated 82.58 - Tata Nifty Realty Index Fund Direct - IDCW Thematic 10.90 Unrated 76.24 - Tata Nifty Auto Index Fund Direct - IDCW Thematic 11.85 Unrated 75.78 - Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund Direct - IDCW Thematic 11.71 Unrated 112.04 - Tata Nifty MidSmall Healthcare Index Fund Direct - IDCW Sectoral-Pharma 12.24 Unrated 67.01 -
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1. Tata Nifty Financial Services Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Apr 26, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns, before expenses, that commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error. 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. "
2. It is benchmarked against NIFTY Financial Services Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.63% in equities, 0.0% in debts and 0.37% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 88.97% of the assets, the top 3 sectors constitute around 99.63% 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 Nifty Financial Services Index Fund Direct - IDCW
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.
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FAQs about Tata Nifty Financial Services Index Fund Direct - IDCW
- Is it safe to invest in Tata Nifty Financial Services Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Tata Nifty Financial Services Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Tata Nifty Financial Services Index Fund - Direct Plan?Tata Nifty Financial Services Index Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Tata Nifty Financial Services Index Fund - Direct Plan?The suggested investment horizon of investing into Tata Nifty Financial Services Index 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 Nifty Financial Services Index Fund - Direct Plan?The Tata Nifty Financial Services Index Fund - Direct Plan is managed by Kapil Menon (Since Apr 08, 2024).
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