Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl
Equity
Direct
Sector - Financial Services
NAV: ₹ 33.6 as on 02-06-2023
Fund Performance
11 people have invested ₹ 94.6K in Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl in the last three months
About the Fund
Tata Banking & Financial Services Fund Direct Reinvestment 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
- Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl has a NAV of ₹33.6 as on 02-06-2023.
- Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl has ₹1363 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 0.6.
Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl Overview
 | 0.57% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1363 Cr |
 | 28 December, 2015 |
 | ₹5000/₹150 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 11.59% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
63.4%
Small cap
23.5%
Mid cap
10.5%
Sector Allocation
Financial Services
99.4%
Health
0.6%
Top Holdings of Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl as on (31-May-23)
Equity Holdings27
Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.56% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund outperformed Nifty 500 by 0.17% in Apr'23
AUM Change
- AUM of the fund stands at 1.4K Cr as of Apr'23
- AUM increased by 85.6 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 11% |
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Karur Vysya Bank Ltd | -2.1% |
 DCB Bank Ltd | -0.7% |
 Axis Bank Ltd | -0.5% |
Peer Analysis
Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl Fund Manager
Amey Sathe
Fund Manager of Tata Banking & Financial Services Fund Direct Reinvestment 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 17.73% since inception which is less than its category average return of 26.6%
Fund Allocations
This fund has an allocation of 97.37% in Equity, 0% in Debt and 2.63% in Cash related instruments
AUM size ₹1363 Cr
This fund has AUM of ₹1363 Cr which is less than its category average of ₹ 1398 Cr
Expense Ratio 0.57%
This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl is ₹33.61 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl | Absolute Returns | CAGR Returns |
1 Month Returns | 4.33% | 4.33% |
6 Month Returns | 4.46% | 4.46% |
1 Year Returns | 28.36% | 28.36% |
3 Years Returns | 98.7% | 25.72% |
5 Years Returns | 80.11% | 12.49% |
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0.57% as on May 2023
₹1363 Cr as on May 2023
ICICI Bank Ltd(13.2%), HDFC Bank Ltd(12.88%), Axis Bank Ltd(8.08%), Housing Development Finance Corp Ltd(8.07%), State Bank of India(6.79%) as on May 2023
The alpha ratio for the Tata Banking & Financial Services Fund Direct Reinvestment 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 Reinvestment of Income Distribution cum Capital Wtdrwl | 8.38 | 2.55 | 0.06 |
As on May 2023
The alpha for Tata Banking & Financial Services Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum Capital Wtdrwl | 0.93 | 0.86 | 0.92 |
As on May 2023
The Beta for Tata Banking & Financial Services Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum Capital Wtdrwl | 1.13 | 1.13 | 0.39 |
As on May 2023
The sharpe ratio for Tata Banking & Financial Services Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment of Income Distribution cum Capital Wtdrwl | 18.23 | 19.63 | 24.32 |
As on May 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 2.53 as on May 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Amey Sathe is the fund manager of Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl
The Exit load of Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl is 0.25%