Tata Digital India Fund Direct Growth
Equity
Direct
Sector - Technology
NAV: ₹ 47.45 as on 16-04-2024
Fund Performance
48085 people have invested ₹ 17.4Cr in Tata Digital India Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 1 year, Franklin India Technology Fund Direct Growth has given 57.46% return, outperforming this fund by 22.72%.
This fund has one of the lowest expense ratio in the category (sector - technology). Its expense ratio is 0.31% which is lower than the category average expense ratio of 1.21%.
Over the last 6 months, this fund has decreased expense ratio by 11.4% moving from 0.35 to 0.31.
In the last 5 years, Aditya Birla Sun Life Digital India Fund Direct Plan Growth has given 24.52% return, outperforming this fund by 0.16% per annum.
In the last 3 years, Franklin India Technology Fund Direct Growth has given 18.07% return, outperforming this fund by 0.2% per annum.
Over the last 1 month, this fund has experienced a 3.5% drop in AUM moving from 10.06K Cr to 9.71K Cr.
INDmoney Rank of Tata Digital India Fund Direct Growth
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IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Among most bought funds within the category
Cons
No bad points found for this fund.
About the Tata Digital India Fund Direct Growth
Tata Digital India Fund Direct Growth is a mutual fund scheme that is designed to offer investors exposure to the fast-growing digital economy in India. Managed by Tata Mutual Fund, this scheme primarily invests in equity and equity-related instruments of companies operating in the digital space.Investors can invest in Tata Digital India Fund Direct Growth through both lump-sum and SIP (Systematic Investment Plan) modes. This fund has a direct plan option, which has a lower expense ratio than the regular plan and can help investors save on costs.
Key Parameters
- Tata Digital India Fund Direct Growth has ₹9711 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.3.
Tata Digital India Fund Direct Growth Overview
 | 0.31% |
 Benchmark | S&P BSE IT |
 | ₹9711 Cr |
 | 28 December, 2015 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 22.29% |
Tata Digital India Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
69.4%
Small cap
15.9%
Mid cap
10.2%
Sector Allocation
Tech
79.1%
Industrial
6.8%
Consumer Cyclical
6%
Financial Services
4.1%
Communication
4%
Top Holdings of Tata Digital India Fund Direct Growth as on (31-Mar-24)
Equity Holdings32
Tata Digital India Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -4.22% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 3.76% in Mar'24
AUM Change
- AUM of the fund stands at 9.7K Cr as of Mar'24
- AUM decreased by 357.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Tata Digital India Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 40.6% |
 Zomato Ltd | 29.2% |
 ABB India Ltd | 20.7% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 HCL Technologies Ltd | -6.7% |
 Tata Consultancy Services Ltd | -3.6% |
Peer Analysis
Tata Digital India Fund Direct Growth Fund Manager
Meeta Shetty
Fund Manager of Tata Digital India Fund Direct Growth, since 9 March 2021
Top funds managed
Tata Digital India 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 an average annual returns of 20.63% since inception which is less than its category average return of 27.59%
Fund Allocations
This fund has an allocation of 95.57% in Equity, 0% in Debt and 4.43% in Cash related instruments
AUM size ₹9711 Cr
This fund has AUM of ₹9711 Cr which is more than its category average of ₹ 2992 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 1.24%
Frequently Asked Questions
The current NAV of Tata Digital India Fund Direct Growth is ₹47.45 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Tata Digital India Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.74% | -4.74% |
6 Month Returns | 14.89% | 14.89% |
1 Year Returns | 34.74% | 34.74% |
3 Years Returns | 63.78% | 17.87% |
5 Years Returns | 197.55% | 24.37% |
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0.31% as on March 2024
₹9711 Cr as on March 2024
Infosys Ltd(17.64%), Tata Consultancy Services Ltd(13.99%), Tech Mahindra Ltd(9.06%), HCL Technologies Ltd(7.92%), LTIMindtree Ltd(6.04%) as on March 2024
Tech(75.61%), Industrial(6.46%), Consumer Cyclical(5.73%) as on March 2024
The alpha ratio for the Tata Digital India Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata Digital India Fund Direct Growth | 12.11 | 6.66 | 5.5 |
As on March 2024
The alpha for Tata Digital India Fund Direct Growth is calculated against S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata Digital India Fund Direct Growth | 0.85 | 0.87 | 0.9 |
As on March 2024
The Beta for Tata Digital India Fund Direct Growth is calculated with S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata Digital India Fund Direct Growth | 1.83 | 0.77 | 0.93 |
As on March 2024
The sharpe ratio for Tata Digital India Fund Direct Growth is calculated with S&P BSE IT. 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 Digital India Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata Digital India Fund Direct Growth | 14.09 | 18.51 | 21.02 |
As on March 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 1.24 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.36 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Meeta Shetty is the fund manager of Tata Digital India Fund Direct Growth
The Exit load of Tata Digital India Fund Direct Growth is 0.25%