Tata Digital India Fund Regular Growth
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- Fund Summary
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- Why Cleartax
|Fund Type||Sector - Technology|
|Exit Load||0.25% for 90 Days|
More about this fund
|Tata Consultancy Services Ltd||21.55%|
|HCL Technologies Ltd||9.06%|
|Persistent Systems Ltd||6.59%|
|L&T Technology Services Ltd||3.93%|
|Tech Mahindra Ltd||3.47%|
|KPIT Technologies Ltd||2.48%|
|Oracle Financial Services Software Ltd||1.81%|
About Tata Digital India Fund
Tata Digital India Fund is an open-ended scheme that seeks long-term capital appreciation by investing in equity and equity-related securities of information technology (IT) companies in India. It will invest at least 80% in the aforementioned companies, whereas up to 20% of the assets may be invested in debt and money market instruments. The scheme will invest in fundamentally strong IT companies in India dealing in software, ITes, and Hardware businesses.
Pros & Cons of Tata Digital India Fund
Tata Digital India Fund offers the following benefits:
1. The Indian IT space has won accolades world over and continues to do so. With Tata Digital India Fund, investors can earn good returns with the progress of the IT sector.
2. PM Modi’s digital India push is likely to benefit this sector further. 3. The 1-year and 2-year returns are far better than average category return.
Fund Information and Statistics of Tata Digital India Fund
i) Inception / Launch date
The Tata Digital India Fund was launched on December 29, 2015, by Tata Mutual Funds.
ii) Risk level
Investment in Tata Digital India Fund are at high risk since it is focused primarily on one sector. Investors with high-risk profile and long-term investment horizon should only 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 Digital Fund is jointly managed by Sailesh Jain and Meeta Shetty since November 2018.
v) Entry / Exit load
The fund house does not charge any entry load or exit load.
Tax benefits of investing in Digital India Fund
The Short-term capital gain tax of 15% is levied if sold before one year from the date of allotment. Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% without indexation if redeemed after one year. 10% tax will be deducted at source for 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