Tata Mid Cap Growth Fund Direct Growth

Tata Mid Cap Growth Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 479.58 as on 13-06-2024

About the Fund

Tata Mid Cap Growth Fund Direct 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

  1. Tata Mid Cap Growth Fund Direct Growth has ₹3824 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Tata Mid Cap Growth Fund Direct Growth has given a CAGR return of 21.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 58.26%, 27.07% and 26.52% respectively.

Holdings

Tata Mid Cap Growth Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Health, Consumer Cyclical, Basic Materials, Real Estate, Tech, Communication, Consumer Defensive, Energy, Utilities. Its top holdings are Cummins India Ltd, Bharat Heavy Electricals Ltd, Aurobindo Pharma Ltd, Bharat Electronics Ltd, Thermax Ltd

Taxation

As it is a mid-cap 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 Mid Cap Growth Fund Direct Growth

To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks. 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 Mid Cap Growth Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2770 people have invested ₹ 2Cr in Tata Mid Cap Growth Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
7
/19
58% Performance
41% Risk Management
68% Cost
7 out of 19 among mid-cap

Pros

3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.75%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹3824 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
66.86%

Tata Mid Cap Growth Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 97.1%

  • Debt & Cash 3%

Size breakup

Mid cap
65.9%
Small cap
20.8%
Large cap
10.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Industrial
35%
Financial Services
17.9%
Health
10.8%
Basic Materials
9.5%
Consumer Cyclical
8.9%
Real Estate
6.7%
Tech
3%
Communication
2.7%
Consumer Defensive
2.5%
Energy
1.5%
Utilities
1.4%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
6.94%
0.54%
0.63%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 6.94% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 2.47% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 3.6K Cr
₹ 3.3K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.6K Cr as of Apr'24
  • AUM increased by 288.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Tata Mid Cap Growth Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings61

Mutual Fund Insights

Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 37.11% return, outperforming this fund by 10.03% per annum.
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In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37% return, outperforming this fund by 10.49% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 22.4% moving from 0.98 to 0.76.
Insights icon
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.16%.
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Over the last 6 months, this fund has experienced a 34.0% growth in AUM moving from 2.85K Cr to 3.82K Cr.
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In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 78.52% return, outperforming this fund by 20.26%.

Fund Manager

Satish Mishra
Satish Mishra
Fund Manager of Tata Mid Cap Growth Fund Direct Growth, since 30 June 2021

Tata Mid Cap Growth 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 21.93% since inception which is more than its category average return of 20.08%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.05% in Equity, 0% in Debt and 2.95% in Cash related instruments
AUM size ₹3824 Cr

AUM size ₹3824 Cr

This fund has AUM of ₹3824 Cr which is less than its category average of ₹ 8084 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Tata Mid Cap Growth Fund Direct Growth is ₹479.58 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Tata Mid Cap Growth Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
11.66%
11.66%
6 Month Returns
25.98%
25.98%
1 Year Returns
58.26%
58.26%
3 Years Returns
105.2%
27.07%
5 Years Returns
224.12%
26.52%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.75% as on May 2024
₹3824 Cr as on May 2024
Cummins India Ltd(3.43%), Bharat Heavy Electricals Ltd(3.13%), Aurobindo Pharma Ltd(3.1%), Bharat Electronics Ltd(3.1%), Thermax Ltd(3.07%) as on May 2024
Industrial(34.05%), Financial Services(17.3%), Health(10.71%) as on May 2024
The alpha ratio for the Tata Mid Cap Growth Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata Mid Cap Growth Fund Direct Growth
6.41
2.62
1.79
As on May 2024
The alpha for Tata Mid Cap Growth Fund Direct 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata Mid Cap Growth Fund Direct Growth
0.81
0.84
0.87
As on May 2024
The Beta for Tata Mid Cap Growth Fund Direct 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 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 Growth
3.34
1.46
1
As on May 2024
The sharpe ratio for Tata Mid Cap Growth Fund Direct 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 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 Growth
11.11
13.05
19.65
As on May 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 3.1 as on May 2024. 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 Growth
The Exit load of Tata Mid Cap Growth Fund Direct Growth is 1%