Tata India Innovation Fund Direct Growth

Tata India Innovation Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 06-12-2024

₹ 10.17

0.3%

1D

Inception Returns

1.7%

/yr

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 ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.

Returns

Tata India Innovation Fund Direct Growth has given a CAGR return of 1.67% since inception.

Holdings

Tata India Innovation Fund Direct Growth has allocated its funds majorly in . Its top holdings are

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 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 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
609 people have invested ₹ 1.2Cr in Tata India Innovation Fund Direct Growth in the last three months

Tata India Innovation Fund Direct Growth Overview

Expense ratio--
Benchmark
Nifty 500 TRI
AUM₹0 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
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Meeta Shetty
Meeta Shetty
Fund Manager of Tata India Innovation Fund Direct Growth, since 28 November 2024
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.87L Cr
as on 31-Oct-2024
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
About the fund

About the fund

This fund has delivered returns of 1.67% since inception (28th November 2024)

Frequently Asked Questions for Tata India Innovation Fund Direct Growth

The current NAV of Tata India Innovation Fund Direct Growth is ₹10.17 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Tata India Innovation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0%
0%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
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 November 2024
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 November 2024
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 November 2024
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 November 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.
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%