Tata India Innovation Fund Direct Growth

Tata India Innovation Fund Direct Growth

Equity

Equity - Other

NAV as on 29-04-2025

₹ 9.15

▲0.6%

1D

Inception Returns

-8.7%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
1469 people have invested ₹ 37.4L in Tata India Innovation Fund Direct Growth in the last three months

About Tata India Innovation Fund Direct Growth

Tata India Innovation Fund Direct Growth is an equity fund. This fund was started on 28 November, 2024. The fund is managed by Meeta Shetty. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Tata India Innovation Fund Direct Growth has ₹1621 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Tata India Innovation Fund Direct Growth has given a CAGR return of -8.67% since inception.

Holdings

Tata India Innovation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Financial Services, Consumer Cyclical, Health, Communication, Industrial, Basic Materials, Energy, Consumer Defensive. Its top holdings are Amber Enterprises India Ltd Ordinary Shares, Axis Bank Ltd, PB Fintech Ltd, ICICI Bank Ltd, Tech Mahindra Ltd

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Tata India Innovation Fund Direct Growth

The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.

Minimum Investment and lockin period

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

Tata India Innovation Fund Direct Growth Overview

Expense ratio0.48%
Benchmark
Nifty 500 TRI
AUM₹1621 Cr
Inception Date28 November, 2024
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Apr-25)

Period
Tata India Innovation Fund Direct Growth
Nifty 500
equity - other
1M
1.6%
4.5%
-
3M
0.8%
3.2%
-

Fund Distribution

as on (31-Mar-25)

  • Equity 96.3%

  • Debt & Cash 3.7%

Large cap
44%
Small cap
39%
Mid cap
13.1%
Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Tech
20.4%
Financial Services
19.4%
Consumer Cyclical
19%
Health
13.4%
Communication
9.9%
Industrial
9.9%
Basic Materials
3.6%
Energy
3%
Consumer Defensive
1.4%

  • Equity

Holdings
Weight%
1M Change
Amber Enterprises India Ltd Ordinary Shares
Amber Enterprises India Ltd Ordinary Shares
5.01%
0%
Axis Bank Ltd
Axis Bank Ltd
3.71%
0%
ICICI Bank Ltd
ICICI Bank Ltd
3.48%
0%
PB Fintech Ltd
PB Fintech Ltd
3.48%
0%
Tech Mahindra Ltd
Tech Mahindra Ltd
3.47%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Tata India Innovation Fund Direct Growth
Tata India Innovation Fund Direct Growth
-
-
-
-8.67%
Sundaram Services Direct Growth
Sundaram Services Direct Growth
17.91%
19%
29.6%
21.5%
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
15.43%
24.31%
35.97%
23.21%
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
11.51%
22.27%
-
23.18%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
ICICI Bank Ltd
ICICI Bank Ltd
8.4%
Tata Communications Ltd
Tata Communications Ltd
0.1%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
55
55
54
Top 5 Company Concentration
19.2%
19%
18.9%
Company having highest exposure
Amber Enterprises India Ltd Ordinary Shares (5%)
Amber Enterprises India Ltd Ordinary Shares (4.1%)
Amber Enterprises India Ltd Ordinary Shares (4.4%)
No of Sectors
9
8
8
Top 5 Sectors Concentration
82.1%
85.1%
84.1%
Sector having highest exposure
Tech (20.4%)
Financial Services (22.2%)
Tech (21.5%)
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Meeta Shetty
Meeta Shetty
Fund Manager of Tata India Innovation Fund Direct Growth, since 28 November 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Tata Large & Mid Cap Fund Direct Plan Growth
18.09%
17.36%
Tata Focused Equity Fund Direct Growth
16.09%
15.23%
Tata Digital India Fund Direct Growth
8.66%
4.91%
Fund House
Tata Asset Management Limited
Total Schemes
64
See all Tata schemes
Total AUM
₹1.85L Cr
as on 31-Mar-2025
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com

Tata India Innovation Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 96.3% in Equity, 0% in Debt and 3.7% in Cash related instruments
AUM size ₹1621 Cr

AUM size ₹1621 Cr

This fund has AUM of ₹1621 Cr which is less than its category average of ₹ 2034 Cr
Expense Ratio 0.48%

Expense Ratio 0.48%

This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.31%

More funds from Tata

Frequently Asked Questions for Tata India Innovation Fund Direct Growth

The current NAV of Tata India Innovation Fund Direct Growth is ₹9.15 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Tata India Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.64%
1.64%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.48% as on March 2025
₹1621 Cr as on March 2025
Amber Enterprises India Ltd Ordinary Shares(5.01%), Axis Bank Ltd(3.71%), PB Fintech Ltd(3.48%), ICICI Bank Ltd(3.48%), Tech Mahindra Ltd(3.47%) as on March 2025
Tech(19.69%), Financial Services(18.71%), Consumer Cyclical(18.28%) as on March 2025
The alpha ratio for the Tata India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on March 2025
The alpha for Tata India Innovation Fund Direct Growth is calculated against Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on March 2025
The Beta for Tata India Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on March 2025
The sharpe ratio for Tata India Innovation Fund Direct Growth is calculated with Nifty 500 TRI. 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 India Innovation Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Tata India Innovation Fund Direct Growth
-
-
-
As on March 2025
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.
Meeta Shetty is the fund manager of Tata India Innovation Fund Direct Growth
The Exit load of Tata India Innovation Fund Direct Growth is 1%