Tata Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 39.44 as on 18-04-2024
Fund Performance
1946 people have invested ₹ 1.9Cr in Tata Banking & Financial Services Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 37.57% return, outperforming this fund by 10.24%.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 17.92% return, outperforming this fund by 3.1% per annum.
Over the last 1 year, this fund has decreased expense ratio by 15.3% moving from 0.59 to 0.50.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 23.39% return, outperforming this fund by 6.41% per annum.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.5% which is lower than the category average expense ratio of 1.03%.
INDmoney Rank of Tata Banking & Financial Services Fund Direct Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Tata Banking & Financial Services Fund Direct Growth
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
- Tata Banking & Financial Services Fund Direct Growth has ₹1943 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Tata Banking & Financial Services Fund Direct Growth Overview
 | 0.5% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1943 Cr |
 | 28 December, 2015 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 10.36% |
Tata Banking & Financial Services Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
57.2%
Small cap
27%
Mid cap
14.3%
Sector Allocation
Financial Services
100%
Top Holdings of Tata Banking & Financial Services Fund Direct Growth as on (31-Mar-24)
Equity Holdings34
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 21.16% | 0% | |
 ICICI Bank Ltd | 9% | 0% | |
 Axis Bank Ltd | 6.9% | 0% | |
 Kotak Mahindra Bank Ltd | 5.6% | 0% | |
 State Bank of India | 5.03% | -7.1% |
See all
Tata Banking & Financial Services Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.33% in Mar'24
AUM Change
- AUM of the fund stands at 1.9K Cr as of Mar'24
- AUM decreased by 0.9 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Tata Banking & Financial Services Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
 HDFC Life Insurance Company Ltd | 1.4% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
 RBL Bank Ltd | 12.1% |
 PNB Housing Finance Ltd | 24.7% |
Peer Analysis
Tata Banking & Financial Services Fund Direct Growth Fund Manager
Amey Sathe
Fund Manager of Tata Banking & Financial Services Fund Direct Growth, since 14 October 2021
Top funds managed
Tata Banking & Financial Services Fund Direct Growth 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 18.06% since inception which is more than its category average return of 15.07%
Fund Allocations
This fund has an allocation of 98.53% in Equity, 0% in Debt and 1.47% in Cash related instruments
AUM size ₹1943 Cr
This fund has AUM of ₹1943 Cr which is more than its category average of ₹ 1551 Cr
Expense Ratio 0.5%
This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions
The current NAV of Tata Banking & Financial Services Fund Direct Growth is ₹39.44 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Tata Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.41% | 4.41% |
6 Month Returns | 7.64% | 7.64% |
1 Year Returns | 27.34% | 27.34% |
3 Years Returns | 60.07% | 16.98% |
5 Years Returns | 99.58% | 14.82% |
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0.5% as on March 2024
₹1943 Cr as on March 2024
HDFC Bank Ltd(21.16%), ICICI Bank Ltd(9%), Axis Bank Ltd(6.9%), Kotak Mahindra Bank Ltd(5.6%), State Bank of India(5.03%) as on March 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 | 10.18 | 4.35 | 3.01 |
As on March 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 | 0.76 | 0.9 | 0.89 |
As on March 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 | 1.53 | 0.67 | 0.49 |
As on March 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 | 11.65 | 15.07 | 22.87 |
As on March 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 1.23 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.78 as on March 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%