Tata Digital India Fund Direct Growth

Equity
Direct
Sector - Technology
Tata Digital India Fund Direct Growth

About the Fund

Tata Digital India Fund Direct Growth is a mutual fund scheme that is designed to offer investors exposure to the fast-growing digital economy in India. Managed by Tata Mutual Fund, this scheme primarily invests in equity and equity-related instruments of companies operating in the digital space.

Investors can invest in Tata Digital India Fund Direct Growth through both lump-sum and SIP (Systematic Investment Plan) modes. This fund has a direct plan option, which has a lower expense ratio than the regular plan and can help investors save on costs.

Key Parameters

  1. Tata Digital India Fund Direct Growth has ₹10204 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Tata Digital India Fund Direct Growth has given a CAGR return of 22.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.70%, 17.07% and 28.16% respectively.

Holdings

Tata Digital India Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Industrial, Consumer Cyclical, Communication, Financial Services. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Tech Mahindra Ltd, HCL Technologies Ltd, LTIMindtree Ltd

Taxation

As it is a sector - technology mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Tata Digital India Fund Direct Growth

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Digital India Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
46904 people have invested ₹ 16Cr in Tata Digital India Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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Among most bought funds within the category
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No bad points found for this fund.

Fund Overview

Expense ratio0.38%
Benchmark
S&P BSE IT
AUM₹10204 Cr
Inception Date28 December, 2015
Min Lumpsum/SIP₹5000/₹100
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
22.29%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.8%

  • Debt & Cash 1.2%

Large cap
72.1%

Small cap
15.3%

Mid cap
10.7%

Sector Allocation

Jun'24

May'24

Apr'24

Tech
78.6%
Industrial
7.5%
Consumer Cyclical
6.4%
Communication
4.3%
Financial Services
3.2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Meeta Shetty
Meeta Shetty
Fund Manager of Tata Digital India Fund Direct Growth, since 9 March 2021

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 5.1% growth in AUM moving from 9.71K Cr to 10.20K Cr.
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In the last 5 years, this fund has outperformed all funds in its category.
Insights icon
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.38% which is lower than the category average expense ratio of 1.23%.
Insights icon
In the last 3 years, Franklin India Technology Fund Direct Growth has given 20.17% return, outperforming this fund by 3.1% per annum.
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Over the last 3 months, this fund has increased expense ratio by 22.6% moving from 0.31 to 0.38.
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In the last 1 year, Franklin India Technology Fund Direct Growth has given 53.42% return, outperforming this fund by 13.71%.

Tata Digital India Fund Direct Growth 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 22.18% since inception which is less than its category average return of 32.01%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.82% in Equity, 0% in Debt and 1.18% in Cash related instruments
AUM size ₹10204 Cr

AUM size ₹10204 Cr

This fund has AUM of ₹10204 Cr which is more than its category average of ₹ 3234 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Tata Digital India Fund Direct Growth is ₹55.48 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
Tata Digital India Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
11.11%
11.11%
6 Month Returns
12.17%
12.17%
1 Year Returns
39.7%
39.7%
3 Years Returns
60.46%
17.07%
5 Years Returns
245.68%
28.16%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.38% as on June 2024
₹10204 Cr as on June 2024
Infosys Ltd(20.34%), Tata Consultancy Services Ltd(12.18%), Tech Mahindra Ltd(10.02%), HCL Technologies Ltd(7.13%), LTIMindtree Ltd(6.27%) as on June 2024
Tech(77.66%), Industrial(7.4%), Consumer Cyclical(6.37%) as on June 2024
The alpha ratio for the Tata Digital India Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata Digital India Fund Direct Growth
10.83
5.75
6.2
As on June 2024
The alpha for Tata Digital India Fund Direct Growth is calculated against S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata Digital India Fund Direct Growth
0.84
0.86
0.9
As on June 2024
The Beta for Tata Digital India Fund Direct Growth is calculated with S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Tata Digital India Fund Direct Growth
1.51
0.57
0.96
As on June 2024
The sharpe ratio for Tata Digital India Fund Direct Growth is calculated with S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Tata Digital India Fund Direct Growth
16.9
18.85
21.44
As on June 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 0.92 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.19 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Meeta Shetty is the fund manager of Tata Digital India Fund Direct Growth
The Exit load of Tata Digital India Fund Direct Growth is 0.25%