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

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

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Equity
Direct
Sector - Financial Services
NAV: ₹ 40.39 as on 29-05-2024

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

  1. Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl has ₹2094 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.
Fund Performance
zero opening, trading, fund transfer fee
9 people have invested ₹ 64.1K in Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl in the last three months

Overview

Expense ratio
Expense ratio
0.49%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹2094 Cr
Inception Date
Inception Date
28 December, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
10.36%

Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl Distribution as on (30-Apr-24)

  • Equity 97.3%

  • Debt & Cash 2.7%

Size breakup

Large cap
56.7%
Small cap
29.6%
Mid cap
11%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
100%

Top Holdings of Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl as on (30-Apr-24)

  • Equity

Equity Holdings34

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.17%
-0.80%
-1.55%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 7.17% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 4.71% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 2.1K Cr
₹ 1.9K Cr
₹ 1.9K Cr
  • AUM of the fund stands at 2.1K Cr as of Apr'24
  • AUM increased by 150.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

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

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

Risk meter
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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 18.04% since inception which is more than its category average return of 15.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.32% in Equity, 0% in Debt and 2.68% in Cash related instruments
AUM size ₹2094 Cr

AUM size ₹2094 Cr

This fund has AUM of ₹2094 Cr which is more than its category average of ₹ 1542 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 Reinvestment of Income Distribution cum Capital Wtdrwl is ₹40.39 as on 29-May-2024.
Existing (Absolute + CAGR) as on 29-May-2024.
Tata Banking & Financial Services Fund Direct Reinvestment of Income Distribution cum Capital Wtdrwl
Absolute Returns
CAGR Returns
1 Month Returns
-1.92%
-1.92%
6 Month Returns
7.35%
7.35%
1 Year Returns
21.25%
21.25%
3 Years Returns
50.63%
14.63%
5 Years Returns
92.67%
14.02%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.49% as on April 2024
₹2094 Cr as on April 2024
HDFC Bank Ltd(20.62%), ICICI Bank Ltd(9.15%), Axis Bank Ltd(7.13%), Kotak Mahindra Bank Ltd(5.04%), State Bank of India(4.14%) as on April 2024
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
12.92
5.21
3.5
As on April 2024
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
0.83
0.92
0.89
As on April 2024
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
1.59
0.81
0.54
As on April 2024
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
12.31
15.42
23.02
As on April 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 1.52 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.92 as on April 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 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%