Tata Banking & Financial Services Fund Regular Growth - Latest NAV, Returns, Performance & Portfolio

Tata Banking & Financial Services Fund Regular Growth

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    19.52%
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    (--0.02)20.6957

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years19.52%
1 Year27.51%
6 Months10.51%
Fund Details
ISININF277K01Y86
RiskHigh Risk
Fund TypeSector - Financial Services
NAV20.6957
Exit Load0.25% for 90 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd21.1%
ICICI Bank Ltd14.65%
Housing Development Finance Corp Ltd11.52%
Kotak Mahindra Bank Ltd10.37%
Axis Bank Ltd9.54%
Bajaj Finance Ltd4.39%
ICICI Prudential Life Insurance Co Ltd3.43%
Muthoot Finance Ltd3.42%
HDFC Life Insurance Co Ltd3.2%
DCB Bank Ltd3.09%

About Tata Banking & Financial Services Fund

Tata Banking & Financial Services Fund is an open-ended equity scheme aimed at long-term capital appreciation. The scheme invests at least 80% of its assets in equity/equity related instruments of companies in the banking and financial services sector in India. It is suitable for investment over a long-term horizon to counter immediate volatility in the sector.

Pros & Cons of Tata Banking & Financial Services Fund

  1. Tata Banking & Financial Services Fund offers the following benefits:
  2. The 1-year and 2-year returns are higher than the average category return.
  3. The scheme is focussed on just one sector, hence will be hugely affected by the changes in the banking & financial services sector.
  4. Asset Under Management are less than 500 crores.

Fund Information and Statistics of Tata Banking & Financial Services Fund

i) Inception / Launch date

The Tata Fund was launched on December 04, 2015, by Tata Mutual Funds.

ii) Risk level

Investment in Tata Banking & Financial Services Fund are at high risk since it is focused primarily on one sector. Investors with high-risk profile and long-term investment horizon should consider this fund.

iii) Redemption

The units can be redeemed on any business day based on the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.

iv) Fund Manager

Tata Banking & Financial Services Fund is jointly managed by Sonam Udasi since April 2016 and Amey Sathe since June 2018.

v) Entry / Exit load

The fund house does not charge any entry load or exit load if redeemed after three months from the date of allotment. However, 0.25 % exit load is charged if redeemed within three months.

Tax benefits of investing in Tata Banking & Financial Services Fund

A short-term capital gain tax of 15% is applicable if sold within a year from the date of allotment, whereas long-term capital gains, in excess of Rs 1 lakh, will be taxed at 10% if sold after one year. A dividend distribution tax of 10% is also levied on dividends.

About Tata Mutual Fund

Tata Mutual Fund is part of one of the oldest and most trusted brands in India. The Asset Management company strives to be consistent, flexible, and ensure stability along with top-notch customer service. Tata Mutual Fund aspires to deliver consistent and long-term results within the framework of transparent and rigorous risk controls.

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Frequently Asked Questions

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High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns