Tata Mid Cap Growth Fund Direct Plan Growth
Equity
Direct
Mid-Cap
NAV: ₹ 439.64 as on 03-05-2024
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 ₹3348 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Fund Performance
2685 people have invested ₹ 1.7Cr in Tata Mid Cap Growth Fund Direct Plan Growth in the last three months
Overview
 | 0.79% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹3348 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 66.86% |
Tata Mid Cap Growth Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
65.3%
Small cap
18.3%
Large cap
14.2%
Sector Allocation
Industrial
36.1%
Financial Services
16.6%
Health
10.8%
Basic Materials
10.1%
Consumer Cyclical
9.3%
Real Estate
6.5%
Tech
3.8%
Consumer Defensive
2.4%
Energy
1.5%
Communication
1.4%
Utilities
1.4%
Top Holdings of Tata Mid Cap Growth Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings60
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
Voltas Ltd | 22.5% |
 Bharat Heavy Electricals Ltd | 21.3% |
 Thermax Ltd | 5.7% |
Top Losers | 1M Return |
|---|---|
 Birlasoft Ltd | -18.6% |
 Persistent Systems Ltd | -16.4% |
 P I Industries Ltd | -5.8% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.54% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.70% in Mar'24
AUM Change
- AUM of the fund stands at 3.3K Cr as of Mar'24
- AUM increased by 55.5 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 32.9% growth in AUM moving from 2.51K Cr to 3.34K Cr.
This fund expense ratio is slightly on the lower side within the category (mid-cap). Its expense ratio is 0.79% which is lower than the category average expense ratio of 1.17%.
Over the last 1 year, this fund has decreased expense ratio by 19.4% moving from 0.98 to 0.79.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 35.4% return, outperforming this fund by 10.42% per annum.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.33% return, outperforming this fund by 11.43% per annum.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 73.52% return, outperforming this fund by 16.22%.
INDmoney Rank
Powered by IND quant engine
9
/19
56% Performance
40% Risk Management
65% Cost
9 out of 19 among mid-cap
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Satish Mishra
Fund Manager of Tata Mid Cap Growth Fund Direct Plan Growth, since 30 June 2021
Top funds managed
Tata Mid Cap Growth Fund Direct Plan 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 21.29% since inception which is more than its category average return of 19.32%
Fund Allocations
This fund has an allocation of 97.81% in Equity, 0% in Debt and 2.19% in Cash related instruments
AUM size ₹3348 Cr
This fund has AUM of ₹3348 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.79%
This fund has an expense ratio of 0.79% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Tata Mid Cap Growth Fund Direct Plan Growth is ₹439.64 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
Tata Mid Cap Growth Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.17% | 4.17% |
6 Month Returns | 27.27% | 27.27% |
1 Year Returns | 57.3% | 57.3% |
3 Years Returns | 104.35% | 26.9% |
5 Years Returns | 204.93% | 24.98% |
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0.79% as on April 2024
₹3348 Cr as on April 2024
Thermax Ltd(3.66%), Cummins India Ltd(3.41%), Aurobindo Pharma Ltd(3.25%), Bharat Heavy Electricals Ltd(3.1%), PI Industries Ltd(2.89%) as on April 2024
Industrial(35.27%), Financial Services(16.28%), Health(10.59%) as on April 2024
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 | 5.62 | 1.95 | 1.38 |
As on April 2024
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 | 0.84 | 0.83 | 0.87 |
As on April 2024
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 | 3.49 | 1.49 | 0.98 |
As on April 2024
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 | 11.56 | 13.1 | 19.64 |
As on April 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 3.17 as on April 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 Plan Growth
The Exit load of Tata Mid Cap Growth Fund Direct Plan Growth is 1%