Tata Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 30.8 as on 27-01-2023
Fund Performance
979 people have invested ₹ 76.9L in mutual fund in the last three months
Fund Insights
In the last 1 year, this fund has outperformed all funds in its category
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 11.55% return, outperforming this fund by 0.93%
In the last 5 years, this fund has outperformed all funds in its category
INDmoney Rank
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IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Lower expense ratio
Cons
No bad points found for this fund.
Fund Performance as on (19-Jan-23)
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 ₹30.7643 as on 27-01-2023.
2) Tata Banking & Financial Services Fund Direct Growth has ₹1305 Cr worth of assets under management (AUM) as on 30-11-2022 and is less than category average.
3) The fund has an expense ratio 0.58 %.
Fund Overview
Expense ratio | 0.58% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹1305 Cr |
Inception Date | 28 December, 2015 |
Min Lumpsum/SIP | ₹5000/₹150 |
Exit Load | 0.25% |
Lock In | No Lock-in |
TurnOver | 11.59% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
66.2%
Small cap
21.5%
Mid cap
9.2%
Sector Allocation
Financial Services
99.2%
Health
0.8%
Top Holdings as on (31-Dec-22)
Equity Holdings27
Debt Holdings2
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
ICICI Bank Ltd | 12.97% | 0% | |
HDFC Bank Ltd | 12.6% | 0% | |
Axis Bank Ltd | 9.16% | 0% | |
Housing Development Finance Corp Ltd | 8% | 0% | |
State Bank of India | 7.52% | 0% |
See all
What changed
in last one month
AUM increased by 14.3 Cr in last 1M
Dec'22 return outperformed benchmark
Change in AUM
Dec'22
₹ 1.3K Cr
Nov'22
₹ 1.3K Cr
Oct'22
₹ 1.2K Cr
Fund Returns vs Benchmark
Dec'22
7.29%
5.37%
Nov'22
4.52%
2.63%
Oct'22
7.29%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
PNB Housing Finance Ltd | 20.4% |
RBL Bank Ltd | 17% |
Karur Vysya Bank Ltd | 13.3% |
Top Losers | 1M Return |
|---|---|
DCB Bank Ltd | -7.4% |
Kotak Mahindra Bank Ltd | -5.5% |
ICICI Bank Ltd | -5.2% |
Peer Analysis
Fund Manager
Amey Sathe
Fund Manager of Tata Banking & Financial Services Fund Direct Growth, since 14 October 2021
Top funds managed
AMC details
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹99.46K Cr
as on 31-Dec-2022
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Email
kiran@tataamc.com
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.19% since inception which is less than its category average return of 26.26%
Fund Allocations
This fund has an allocation of 96.88% in Equity, 0% in Debt and 3.12% in Cash related instruments
AUM size ₹1305 Cr
This fund has AUM of ₹1305 Cr which is less than its category average of ₹ 1474 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of Tata Banking & Financial Services Fund Direct Growth is 31.63 as on 25-Jan-2023.
Existing (Absolute + CAGR)
Tata Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.59% | 1.59% |
6 Month Returns | 16.75% | 16.75% |
1 Year Returns | 12.49% | 12.49% |
3 Years Returns | 37.74% | 11.26% |
5 Years Returns | 73.98% | 11.71% |
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0.58 as on December 2022
1305 Cr as on December 2022
ICICI Bank Ltd(12.97%),HDFC Bank Ltd(12.6%),Axis Bank Ltd(9.16%),Housing Development Finance Corp Ltd(8%),State Bank of India(7.52%) as on December 2022
Financial Services(96.11%),Cash Equivalent(3.12%),Health(0.77%) as on December 2022
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 | 7.61 | 2.25 | 0.21 |
As on December 2022
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 | 0.96 | 0.89 | 0.9 |
As on December 2022
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 | 0.75 | 0.41 | 0.42 |
As on December 2022
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 | 18.89 | 27.91 | 24.45 |
As on December 2022
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 0.57 as on December 2022. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.4 as on December 2022. It tells the consistency of the fund in generating superior risk-adjusted performance
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%
Mutual Fund execution provided by
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.