Tata Banking & Financial Services Fund Direct Growth

Equity
Direct
Sector - Financial Services
Tata Banking & Financial Services Fund Direct Growth

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 ₹2048 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Tata Banking & Financial Services Fund Direct Growth has given a CAGR return of 18.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.45%, 17.90% and 15.72% respectively.

Holdings

Tata Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Tata Banking & Financial Services Fund Direct Growth

The investment objective of the scheme is to seek 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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Banking & Financial Services Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
1725 people have invested ₹ 1.9Cr in Tata Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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Lower expense ratio
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio0.49%
Benchmark
S&P BSE BANKEX INR
AUM₹2048 Cr
Inception Date28 December, 2015
Min Lumpsum/SIP₹5000/₹100
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
10.36%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 96.8%

  • Debt & Cash 3.2%

Large cap
57.9%

Small cap
28.5%

Mid cap
10.4%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
100%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

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

Mutual Fund Insights

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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.85% return, outperforming this fund by 3.13% per annum.
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In the last 1 year, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 38.34% return, outperforming this fund by 10.89%.
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Over the last 1 month, this fund has experienced a 2.2% drop in AUM moving from 2.09K Cr to 2.04K Cr.
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This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.49% which is lower than the category average expense ratio of 1.02%.
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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 22.72% return, outperforming this fund by 4.83% per annum.
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Over the last 15 months, this fund has decreased expense ratio by 16.9% moving from 0.59 to 0.49.

Tata Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

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 18.98% since inception which is more than its category average return of 18.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.78% in Equity, 0% in Debt and 3.22% in Cash related instruments
AUM size ₹2048 Cr

AUM size ₹2048 Cr

This fund has AUM of ₹2048 Cr which is more than its category average of ₹ 1523 Cr
Expense Ratio 0.49%

Expense Ratio 0.49%

This fund has an expense ratio of 0.49% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Tata Banking & Financial Services Fund Direct Growth is ₹43.46 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Tata Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.02%
8.02%
6 Month Returns
10.55%
10.55%
1 Year Returns
27.45%
27.45%
3 Years Returns
63.88%
17.9%
5 Years Returns
107.55%
15.72%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.49% as on May 2024
₹2048 Cr as on May 2024
HDFC Bank Ltd(21.24%), ICICI Bank Ltd(9.11%), Axis Bank Ltd(7.26%), Kotak Mahindra Bank Ltd(5.74%), State Bank of India(4.26%) as on May 2024
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
8.07
4.11
3.15
As on May 2024
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
0.85
0.91
0.9
As on May 2024
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
1.03
0.6
0.47
As on May 2024
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
12.67
15.04
22.96
As on May 2024
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 1.08 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.7 as on May 2024. 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%