Tata Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,302 Cr
Expense Ratio
0.45%
ISIN
INF277K01Z10
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
28 Dec 2015
About this fund
As of 17-Sep-24, it has a Net Asset Value (NAV) of ₹46.27, Assets Under Management (AUM) of 2302.40 Crores, and an expense ratio of 0.45%.
- Tata Banking & Financial Services Fund Direct Growth has given a CAGR return of 19.20% since inception.
- The fund's asset allocation comprises around 96.13% in equities, 0.00% in debts, and 3.87% in cash & cash equivalents.
- You can start investing in Tata Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+23.10%
+19.11% (Cat Avg.)
3 Years
+16.12%
+15.44% (Cat Avg.)
5 Years
+19.04%
+16.16% (Cat Avg.)
Since Inception
+19.20%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹2,213.34 Cr | 96.13% |
| Others | ₹89.06 Cr | 3.87% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹481.25 Cr | 20.90% |
| ICICI Bank Ltd | Equity | ₹204.66 Cr | 8.89% |
| Axis Bank Ltd | Equity | ₹150.43 Cr | 6.53% |
| Kotak Mahindra Bank Ltd | Equity | ₹132.67 Cr | 5.76% |
| State Bank of India | Equity | ₹80.74 Cr | 3.51% |
| PNB Housing Finance Ltd | Equity | ₹79.73 Cr | 3.46% |
| A) Repo | Cash - Repurchase Agreement | ₹71.78 Cr | 3.12% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹64.25 Cr | 2.79% |
| HDFC Life Insurance Co Ltd | Equity | ₹59.1 Cr | 2.57% |
| Karur Vysya Bank Ltd | Equity | ₹58.89 Cr | 2.56% |
| IndusInd Bank Ltd | Equity | ₹57.01 Cr | 2.48% |
| Home First Finance Co India Ltd --- | Equity | ₹51.89 Cr | 2.25% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹50.62 Cr | 2.20% |
| PB Fintech Ltd | Equity | ₹49.62 Cr | 2.16% |
| Max Financial Services Ltd | Equity | ₹48.37 Cr | 2.10% |
| Central Depository Services (India) Ltd | Equity | ₹43.46 Cr | 1.89% |
| AAVAS Financiers Ltd | Equity | ₹42.09 Cr | 1.83% |
| Bandhan Bank Ltd | Equity | ₹42.06 Cr | 1.83% |
| Five-Star Business Finance Ltd | Equity | ₹41.55 Cr | 1.80% |
| SBFC Finance Ltd | Equity | ₹40.5 Cr | 1.76% |
| India Shelter Finance Corporation Ltd | Equity | ₹40.43 Cr | 1.76% |
| UTI Asset Management Co Ltd | Equity | ₹40.14 Cr | 1.74% |
| Aptus Value Housing Finance India Ltd | Equity | ₹39.35 Cr | 1.71% |
| Repco Home Finance Ltd | Equity | ₹39.23 Cr | 1.70% |
| RBL Bank Ltd | Equity | ₹38.67 Cr | 1.68% |
| DCB Bank Ltd | Equity | ₹35.41 Cr | 1.54% |
| IDFC First Bank Ltd | Equity | ₹31.75 Cr | 1.38% |
| Prudent Corporate Advisory Services Ltd | Equity | ₹31.61 Cr | 1.37% |
| Piramal Enterprises Ltd | Equity | ₹31.3 Cr | 1.36% |
| REC Ltd | Equity | ₹30.99 Cr | 1.35% |
| BSE Ltd | Equity | ₹28.33 Cr | 1.23% |
| Fino Payments Bank Ltd | Equity | ₹22.66 Cr | 0.98% |
| Spandana Sphoorty Financial Ltd | Equity | ₹18.87 Cr | 0.82% |
| Cash / Net Current Asset | Cash | ₹17.28 Cr | 0.75% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹5.69 Cr | 0.25% |
Allocation By Market Cap (Equity)
Large Cap Stocks
56.97%
Mid Cap Stocks
8.82%
Small Cap Stocks
30.34%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹2,213.34 Cr | 96.13% |
Risk & Performance Ratios
Standard Deviation
This fund
15.20%
Cat. avg.
16.47%
Lower the better
Sharpe Ratio
This fund
0.67
Cat. avg.
0.60
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.07
Higher the better
Fund Managers
Amey Sathe
Since October 2021
Additional Scheme Detailsas of 31st August 2024
ISIN | INF277K01Z10 | Expense Ratio | 0.45% | Exit Load | No Charges | Fund Size | ₹2,302 Cr | Age | 28 Dec 2015 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Financial Services TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Financial Services Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹9.75 Cr | 10.6% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2501.61 Cr | 32.6% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1453.08 Cr | 32.7% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2463.98 Cr | 13.6% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹263.94 Cr | 13.6% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8175.89 Cr | 23.0% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1150.06 Cr | 24.4% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6138.44 Cr | 24.6% |
About the AMC
Total AUM
₹1,76,658 Cr
Address
Mafatlal Centre, 9th Floor, Mumbai, 400 021
Other Funds by Tata Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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- Amey Sathe
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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