Tata Banking & Financial Services Fund Regular Growth

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.