Tata Nifty Auto Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 12-12-2024
₹ 10.71
1D
Inception Returns
7.1%
/yr
About Tata Nifty Auto Index Fund Direct Growth
Tata Nifty Auto Index Fund Direct Growth is an equity fund. This fund was started on 26 April, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Tata Nifty Auto Index Fund Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Tata Nifty Auto Index Fund Direct Growth has given a CAGR return of 7.10% since inception.
Holdings
Tata Nifty Auto Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial. Its top holdings are Mahindra & Mahindra Ltd, Tata Motors Ltd, Maruti Suzuki India Ltd, Bajaj Auto Ltd, Eicher Motors Ltd
Taxation
As it is a index funds 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Tata Nifty Auto Index Fund Direct Growth
The investment objective of the scheme is to provide returns, before expenses, that are in line with the performance of Nifty Auto Index (TRI), subject to tracking error. 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 Nifty Auto Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Tata Nifty Auto Index Fund Direct Growth Overview
| Expense ratio | 0.46% |
Benchmark | NIFTY Auto TR INR |
| AUM | ₹75 Cr |
| Inception Date | 26 April, 2024 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -12.91% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty 50 by 6.75% in Oct'24
- AUM of the fund stands at 83.2 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 2 Sectors in October were Consumer Cyclical, Industrial
Top Growth Drivers | 1M Return |
|---|---|
 MRF Ltd | 9.6% |
 Mahindra & Mahindra Ltd | 6% |
 Ashok Leyland Ltd | 4.6% |
Tata Nifty Auto Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹75 Cr
Expense Ratio 0.46%
Frequently Asked Questions for Tata Nifty Auto Index Fund Direct Growth
Tata Nifty Auto Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.65% | 1.65% |
6 Month Returns | -5.66% | -5.66% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Nifty Auto Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
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Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Nifty Auto Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
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