Tata Mid Cap Growth Fund Direct Plan Growth
Equity
Direct
Mid-Cap
NAV: ₹ 346.6 as on 29-09-2023
Fund Performance
1698 people have invested ₹ 1Cr in Tata Mid Cap Growth Fund Direct Plan Growth in the last three months
Fund Insights
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 41.37% return, outperforming this fund by 10.05% per annum.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 26.04% return, outperforming this fund by 4.57% per annum.
Over the last 6 months, this fund has decreased expense ratio by 7.1% moving from 0.98 to 0.91.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.91% which is lower than the category average expense ratio of 1.21%.
Over the last 6 months, this fund has experienced a 39.2% growth in AUM moving from 1.75K Cr to 2.44K Cr.
In the last 1 year, HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option has given 37.12% return, outperforming this fund by 5.74%.
INDmoney Rank
Powered by IND quant engine
11
/19
70% Performance
45% Risk Management
55% Cost
11 out of 19 among mid-cap
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Fund
Tata Mid Cap Growth Fund Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Satish Mishra. The fund could potentially beat inflation in the long-run.
Key Parameters
- Tata Mid Cap Growth Fund Direct Plan Growth has ₹2449 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.9.
Tata Mid Cap Growth Fund Direct Plan Growth Overview
 | 0.91% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹2449 Cr |
 | 1 January, 2013 |
 | ₹5000/₹150 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 66.86% |
Fund Distribution as on (31-Aug-23)
Size breakup
Mid cap
69.9%
Small cap
15.2%
Large cap
12.3%
Sector Allocation
Industrial
31.1%
Financial Services
19.8%
Basic Materials
14.1%
Consumer Cyclical
11.1%
Health
10%
Tech
4.2%
Consumer Defensive
3.7%
Real Estate
3.6%
Communication
2.4%
Top Holdings of Tata Mid Cap Growth Fund Direct Plan Growth as on (31-Aug-23)
Equity Holdings57
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 IDFC First Bank Ltd | 4.19% | 0% | |
 Thermax Ltd | 3.73% | 0% | |
 Aurobindo Pharma Ltd | 3.12% | 15.7% | |
 AIA Engineering Ltd | 3.02% | 0% | |
 PI Industries Ltd | 2.96% | 0% |
See all
Tata Mid Cap Growth Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 3.65% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 3.84% as on Aug'23
- This fund underperformed Nifty Midcap 150 by 0.19% in Aug'23
AUM Change
- AUM of the fund stands at 2.4K Cr as of Aug'23
- AUM increased by 133.9 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Tata Mid Cap Growth Fund Direct Plan Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Linde India Ltd | 25.6% |
 Bharat Heavy Electricals Ltd | 15.8% |
 Thermax Ltd | 11.6% |
Peer Analysis
Tata Mid Cap Growth Fund Direct Plan Growth Fund Manager
Satish Mishra
Fund Manager of Tata Mid Cap Growth Fund Direct Plan Growth, since 30 June 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 19.94% since inception which is more than its category average return of 17.31%
Fund Allocations
This fund has an allocation of 97.41% in Equity, 0% in Debt and 2.59% in Cash related instruments
AUM size ₹2449 Cr
This fund has AUM of ₹2449 Cr which is less than its category average of ₹ 5918 Cr
Expense Ratio 0.91%
This fund has an expense ratio of 0.91% which is less than its category average expense ratio of 1.43%
Frequently Asked Questions
The current NAV of Tata Mid Cap Growth Fund Direct Plan Growth is ₹346.64 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Tata Mid Cap Growth Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.04% | 3.04% |
6 Month Returns | 33.79% | 33.79% |
1 Year Returns | 31.38% | 31.38% |
3 Years Returns | 126.45% | 31.32% |
5 Years Returns | 164.39% | 21.46% |
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0.91% as on August 2023
₹2449 Cr as on August 2023
IDFC First Bank Ltd(4.19%), Thermax Ltd(3.73%), Aurobindo Pharma Ltd(3.12%), AIA Engineering Ltd(3.02%), PI Industries Ltd(2.96%) as on August 2023
Industrial(30.33%), Financial Services(19.31%), Basic Materials(13.72%) as on August 2023
The alpha ratio for the Tata Mid Cap Growth Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Mid Cap Growth Fund Direct Plan Growth | 1.26 | 2.27 | 2.29 |
As on August 2023
The alpha for Tata Mid Cap Growth Fund Direct Plan Growth is calculated against S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata Mid Cap Growth Fund Direct Plan Growth | 0.92 | 0.83 | 0.88 |
As on August 2023
The Beta for Tata Mid Cap Growth Fund Direct Plan Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Mid Cap Growth Fund Direct Plan Growth | 1.46 | 1.67 | 0.68 |
As on August 2023
The sharpe ratio for Tata Mid Cap Growth Fund Direct Plan Growth is calculated with S&P BSE Midcap TR 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 Mid Cap Growth Fund Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata Mid Cap Growth Fund Direct Plan Growth | 11.3 | 14.12 | 20.76 |
As on August 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 3.98 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Satish Mishra is the fund manager of Tata Mid Cap Growth Fund Direct Plan Growth
The Exit load of Tata Mid Cap Growth Fund Direct Plan Growth is 1%