Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl

Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl

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Equity
Direct
Sector - Financial Services

NAV: ₹ 30 as on 22-03-2023

Fund Performance
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Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl Performance as on (22-Mar-23)

Return
1M
3M
6M
1Y
3Y
5Y
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
-0.9%
-5.8%
-0.2%
11.9%
23.2%
12.6%
Nifty 500
-1.4%
-3.9%
-4%
-1.6%
32.3%
10.4%
sector - financial services
-0.2%
-6.4%
-1.6%
10.5%
24.6%
9.2%

About the Fund

Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl has a NAV of 30.0125 as on 22-03-2023.

2) Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl has 1272 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.

3) The fund has an expense ratio 0.59 %.

Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl Overview

Expense ratio
Expense ratio
0.59%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹1272 Cr
Inception Date
Inception Date
28 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹0
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
11.59%

Fund Distribution as on (28-Feb-23)

  • Equity 96.8%

  • Debt & Cash 3.2%

Size breakup

Large cap
63.6%
Small cap
23.8%
Mid cap
9.4%

Sector Allocation

Feb'23

Jan'23

Dec'22

Financial Services

99.3%

Health

0.7%

Top Holdings of Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl as on (28-Feb-23)

  • Equity

Equity Holdings27

Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
-1.86%
-4.21%
0.98%
Nifty 500
-2.22%
-3.79%
-3.47%
  • This fund’s returns stands at -1.86% whereas the fund’s underlying benchmark Nifty 500 returns stands at -2.22% as on Feb'23
  • This fund outperformed Nifty 500 by 0.36% in Feb'23

AUM Change

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 1.3K Cr
₹ 1.3K Cr
₹ 1.3K Cr
  • AUM of the fund stands at 1.3K Cr as of Feb'23
  • AUM increased by 3.7 Cr between Feb'23 and Jan'23

Fund Portfolio Changes

Top Stocks bought last month
Max Financial Services Ltd's allocation increased from 0.88% to 1.65%
Max Financial Services Ltd's allocation increased from 0.88% to 1.65%
UTI Asset Management Co Ltd's allocation increased from 1.68% to 2.05%
UTI Asset Management Co Ltd's allocation increased from 1.68% to 2.05%
Indian Bank's allocation increased from 2.6% to 2.85%
Indian Bank's allocation increased from 2.6% to 2.85%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 12.97 % to 12.46 %
ICICI Bank Ltd's allocation decreased from 12.97 % to 12.46 %
Axis Bank Ltd's allocation decreased from 9.16 % to 8.79 %
Axis Bank Ltd's allocation decreased from 9.16 % to 8.79 %
State Bank of India's allocation decreased from 7.52 % to 6.98 %
State Bank of India's allocation decreased from 7.52 % to 6.98 %
Large Cap allocation has gone down from 63.8% to 63.6%
Large Cap allocation has gone down from 63.8% to 63.6%
Small Cap allocation has gone up from 23.6% to 23.8%
Small Cap allocation has gone up from 23.6% to 23.8%
Mid Cap allocation has gone up from 8.4% to 9.4%
Mid Cap allocation has gone up from 8.4% to 9.4%
Cash allocation has gone down from 3.4% to 3.2%
Cash allocation has gone down from 3.4% to 3.2%

Top 2 Sectors in February were Financial Services, Health

Feb'23
Financial Services
99%
Health
Jan'23
Financial Services
99%
Health

Gainers & Losers in Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl portfolio as on (28-Feb-23)

Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl Fund Manager

Amey Sathe

Amey Sathe

Fund Manager of Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl, since 14 October 2021

Fund 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 16.42% since inception which is less than its category average return of 24.08%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.77% in Equity, 0% in Debt and 3.23% in Cash related instruments
AUM size ₹1272 Cr

AUM size ₹1272 Cr

This fund has AUM of ₹1272 Cr which is less than its category average of ₹ 1378 Cr
Expense Ratio 0.59%

Expense Ratio 0.59%

This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.54%

Frequently Asked Questions

The current NAV of Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl is 29.44 as on 20-Mar-2023.
Existing (Absolute + CAGR)
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
Absolute Returns
CAGR Returns
1 Month Returns
-4.41%
-4.41%
6 Month Returns
-1.56%
-1.56%
1 Year Returns
10.34%
10.34%
3 Years Returns
72.54%
19.94%
5 Years Returns
77.06%
12.1%
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0.59 as on February 2023
1272 Cr as on February 2023
ICICI Bank Ltd(13.17%),HDFC Bank Ltd(13.08%),Axis Bank Ltd(8.49%),Housing Development Finance Corp Ltd(8.12%),State Bank of India(6.57%) as on February 2023
Financial Services(96.1%),Cash Equivalent(3.23%),Health(0.67%) as on February 2023
The alpha ratio for the Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
7.15
1.82
0.37
As on February 2023
The alpha for Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
0.94
0.89
0.92
As on February 2023
The Beta for Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl
0.56
0.41
0.39
As on February 2023
The sharpe ratio for Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl 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 Payout of Income Distribution cum Capital Wtdrwl
18.13
27.88
24.51
As on February 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 0.57 as on February 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.3 as on February 2023. 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 Payout of Income Distribution cum Capital Wtdrwl
The Exit load of Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl is 0.25%

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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.