Tata Banking & Financial Services Fund Direct Growth
Tata Banking & Financial Services Fund Direct Growth

Tata Banking & Financial Services Fund Direct Growth

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Equity
Direct
Sector - Financial Services

NAV: ₹ 33.5 as on 01-06-2023

Fund Performance
zero opening, trading, fund transfer fee
1184 people have invested ₹ 46.4L in Tata Banking & Financial Services Fund Direct Growth in the last three months

Fund Insights

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In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has outperformed all funds in its category

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In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 37.25% return, outperforming Tata Banking & Financial Services Fund Direct Growth by 10.62% per annum

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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 13.1% return, outperforming Tata Banking & Financial Services Fund Direct Growth by 0.66% per annum

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Over the last 1 year, Tata Banking & Financial Services Fund Direct Growth has decreased expense ratio by 29.6% moving from 0.81 to 0.57

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Tata Banking & Financial Services Fund Direct Growth expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.01%

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Over the last 6 months, Tata Banking & Financial Services Fund Direct Growth has experienced a 13.9% growth in AUM moving from 1.19K Cr to 1.36K Cr

INDmoney Rank

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Pros

5Y returns in the top 25% of the category

Among most bought funds within the category

Lower expense ratio

Cons

3Y returns in the bottom 25% of the category

About the Fund

Tata Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 28 December, 2015. The fund is managed by Amey Sathe. The fund could potentially beat inflation in the long-run.

Key parameters

1) Tata Banking & Financial Services Fund Direct Growth has a NAV of 33.5298 as on 01-06-2023.

2) Tata Banking & Financial Services Fund Direct Growth has 1363 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.

3) The fund has an expense ratio 0.57 %.

Tata Banking & Financial Services Fund Direct Growth Overview

Expense ratio
Expense ratio
0.57%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹1363 Cr
Inception Date
Inception Date
28 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹150
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
11.59%

Fund Distribution as on (30-Apr-23)

  • Equity 97.4%

  • Debt & Cash 2.6%

Size breakup

Large cap
63.4%
Small cap
23.5%
Mid cap
10.5%

Sector Allocation

Apr'23

Mar'23

Feb'23

Financial Services

99.4%

Health

0.6%

Top Holdings of Tata Banking & Financial Services Fund Direct Growth as on (31-May-23)

  • Equity

Equity Holdings27

Tata Banking & Financial Services Fund Direct Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
-0.56%
-0.56%
-1.86%
Nifty 500
-0.73%
-0.73%
-2.22%
  • This fund’s returns stands at -0.56% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
  • This fund outperformed Nifty 500 by 0.17% in Apr'23

AUM Change

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 1.4K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.4K Cr as of Apr'23
  • AUM increased by 85.6 Cr between Apr'23 and Mar'23

Fund Portfolio Changes

Gainers & Losers in Tata Banking & Financial Services Fund Direct Growth portfolio as on (30-Apr-23)

Tata Banking & Financial Services Fund Direct Growth Fund Manager

Amey Sathe

Amey Sathe

Fund Manager of Tata Banking & Financial Services Fund Direct Growth, since 14 October 2021

Fund Highlights

Risk meter
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Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.7% since inception which is less than its category average return of 27.68%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.37% in Equity, 0% in Debt and 2.63% in Cash related instruments
AUM size ₹1363 Cr

AUM size ₹1363 Cr

This fund has AUM of ₹1363 Cr which is less than its category average of ₹ 1461 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.51%

Frequently Asked Questions

The current NAV of Tata Banking & Financial Services Fund Direct Growth is ₹33.53 as on 01-Jun-2023.
Existing (Absolute + CAGR) as on 01-Jun-2023.
Tata Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.8%
4.8%
6 Month Returns
3.98%
3.98%
1 Year Returns
28.19%
28.19%
3 Years Returns
103.05%
26.63%
5 Years Returns
79.69%
12.44%
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0.57% as on May 2023
₹1363 Cr as on May 2023
ICICI Bank Ltd(13.2%), HDFC Bank Ltd(12.88%), Axis Bank Ltd(8.08%), Housing Development Finance Corp Ltd(8.07%), State Bank of India(6.79%) as on May 2023
The alpha ratio for the Tata Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata Banking & Financial Services Fund Direct Growth
8.38
2.55
0.06
As on May 2023
The alpha for Tata Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata Banking & Financial Services Fund Direct Growth
0.93
0.86
0.92
As on May 2023
The Beta for Tata Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Tata Banking & Financial Services Fund Direct Growth
0.77
0.89
0.37
As on May 2023
The sharpe ratio for Tata Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX 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 Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Tata Banking & Financial Services Fund Direct Growth
18.51
20.36
24.27
As on May 2023
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 1.84 as on May 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Amey Sathe is the fund manager of Tata Banking & Financial Services Fund Direct Growth
The Exit load of Tata Banking & Financial Services Fund Direct Growth is 0.25%