Tata Banking & Financial Services Fund Regular Growth
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|Fund Type||Sector - Financial Services|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||19.61%|
|ICICI Bank Ltd||15.5%|
|Housing Development Finance Corp Ltd||12.56%|
|Kotak Mahindra Bank Ltd||9.31%|
|Axis Bank Ltd||8.07%|
|State Bank of India||5.99%|
|HDFC Life Insurance Co Ltd||5.14%|
|HDFC Asset Management Company Limited||3.37%|
|SBI Cards and Payment Services Ltd Ordinary Shares||2.97%|
|ICICI Securities Ltd||2.91%|
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
- Tata Banking & Financial Services Fund offers the following benefits:
- The 1-year and 2-year returns are higher than the average category return.
- The scheme is focussed on just one sector, hence will be hugely affected by the changes in the banking & financial services sector.
- 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.
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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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