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Tata Nifty Financial Services Index Fund Direct Growth

Tata Nifty Financial Services Index Fund Direct Growth

Equity

Direct

Index Funds

About the Fund

Tata Nifty Financial Services 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 Financial Services Index Fund Direct Growth has ₹39 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
The fund has an expense ratio 0.3.

Returns

Tata Nifty Financial Services Index Fund Direct Growth has given a CAGR return of 8.53% since inception.

Holdings

Tata Nifty Financial Services Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank 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 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 Nifty Financial Services Index Fund Direct Growth

The investment objective of the scheme is to provide returns, before expenses, that is commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Tata Nifty Financial Services Index Fund Direct Growth has no lock in period.

Fund Performance

973 people have invested ₹ 82.8L in Tata Nifty Financial Services Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio	0.34%
Benchmark	IISL Nifty Financial Services TR INR
AUM	₹39 Cr
Inception Date	26 April, 2024
Min Lumpsum/SIP	₹5000/₹100
Exit Load	0.25%
Lock In	No Lock-in
TurnOver	0%
Risk	Very High Risk

Fund Distribution
as on (30-Jun-24)

Equity 99.2%
Debt & Cash 0.8%

Large cap

96.7%

Mid cap

2.1%

Small cap

0.4%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services

100%

as on (30-Jun-24)

Equity

Holdings	Weight%	1M Change
HDFC Bank Ltd	31.96%	4.7%
ICICI Bank Ltd	21.26%	4.8%
Axis Bank Ltd	9.07%	4.8%
State Bank of India	8.22%	4.7%
Kotak Mahindra Bank Ltd	6.69%	4.7%

See all

Returns %
Fund Ratios
Overview

Funds	1Y Returns	3Y Returns	5Y Returns	Since Inception
Tata Nifty Financial Services Index Fund Direct Growth	-	-	-	8.5%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth	66.9%	18.5%	-	25.4%
UTI Nifty Next 50 Index Fund Direct Growth	63%	22.8%	23%	17.3%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund Direct Growth	54.4%	27.3%	-	29.9%

See all

Returns for the month of Jun

Gainers
Losers

Top Growth Drivers	1M Return
ICICI Bank Ltd	4.8%

Tata Nifty Financial Services Index Fund Direct Growth Highlights

Very High Risk

Investors understand that their principal will be at Very High Risk

About the fund

This fund has delivered returns of 8.53% since inception (26nd Apr 2024)

Fund Allocations

This fund has an allocation of 99.17% in Equity, 0% in Debt and 0.83% in Cash related instruments

AUM size ₹39 Cr

This fund has AUM of ₹39 Cr which is less than its category average of ₹ 794 Cr

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Tata Nifty Financial Services Index Fund Direct Growth is ₹10.8 as on 25-Jul-2024.

Existing (Absolute + CAGR) as on 25-Jul-2024.

Tata Nifty Financial Services Index Fund Direct Growth	Absolute Returns	CAGR Returns
1 Month Returns	0.41%	0.41%
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.

0.34% as on June 2024

₹39 Cr as on June 2024

HDFC Bank Ltd(31.96%), ICICI Bank Ltd(21.26%), Axis Bank Ltd(9.07%), State Bank of India(8.22%), Kotak Mahindra Bank Ltd(6.69%) as on June 2024

The alpha ratio for the Tata Nifty Financial Services Index Fund Direct Growth for various period is as follows:

Fund Name	Alpha 1 Year	Alpha 3 Years	Alpha 5 Years
Tata Nifty Financial Services Index Fund Direct Growth	-	-	-

As on June 2024

The alpha for Tata Nifty Financial Services Index Fund Direct Growth is calculated against IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:

Fund Name	Beta 1 Year	Beta 3 Years	Beta 5 Years
Tata Nifty Financial Services Index Fund Direct Growth	-	-	-

As on June 2024

The Beta for Tata Nifty Financial Services Index Fund Direct Growth is calculated with IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:

Fund Name	Sharpe Ratio 1 Year	Sharpe Ratio 3 Years	Sharpe Ratio 5 Years
Tata Nifty Financial Services Index Fund Direct Growth	-	-	-

As on June 2024

The sharpe ratio for Tata Nifty Financial Services Index Fund Direct Growth is calculated with IISL Nifty Financial Services 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 Nifty Financial Services Index Fund Direct Growth for various period is as follows:

Fund Name	Standard Deviation 1 Year	Standard Deviation 3 Years	Standard Deviation 5 Years
Tata Nifty Financial Services Index Fund Direct Growth	-	-	-

As on June 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.

The Exit load of Tata Nifty Financial Services Index Fund Direct Growth is 0.25%

Tata Nifty Financial Services Index Fund Direct Growth