Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl
Equity
Direct
Sector - Financial Services
NAV: ₹ 30 as on 22-03-2023
Fund Performance
1 people have invested ₹ 5K in mutual fund in the last three months
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl Performance as on (22-Mar-23)
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
 | 0.59% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1272 Cr |
 | 28 December, 2015 |
 | ₹5000/₹0 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 11.59% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
63.6%
Small cap
23.8%
Mid cap
9.4%
Sector Allocation
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 Holdings27
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 ICICI Bank Ltd | 13.17% | 3.1% | |
 HDFC Bank Ltd | 13.08% | 3% | |
 Axis Bank Ltd | 8.49% | 0% | |
 Housing Development Finance Corp Ltd | 8.12% | 0% | |
 State Bank of India | 6.57% | 0% |
See all
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
- 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
- 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%
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%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 12.97 % to 12.46 %
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 %
Large Cap allocation has gone down from 63.8% to 63.6%
Small Cap allocation has gone up from 23.6% to 23.8%
Mid Cap allocation has gone up from 8.4% to 9.4%
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)
Top Growth Drivers | 1M Return |
|---|---|
 Equitas Small Finance Bank Ltd | 34.4% |
 PNB Housing Finance Ltd | 10.8% |
 RBL Bank Ltd | 5% |
Top Losers | 1M Return |
|---|---|
 Indian Bank | -12.2% |
 UTI Asset Management Company Ltd | -12.2% |
 HDFC Bank Ltd | -1.7% |
Peer Analysis
Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl Fund Manager
Amey Sathe
Fund Manager of Tata Banking & Financial Services Fund Direct Payout of Income Distribution cum Capital Wtdrwl, since 14 October 2021
Top funds managed
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 16.42% since inception which is less than its category average return of 24.08%
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
This fund has AUM of ₹1272 Cr which is less than its category average of ₹ 1378 Cr
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.