Tata Equity P/E Fund Regular Growth
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|Housing Development Finance Corp Ltd||9.54%|
|Reliance Industries Ltd||9.35%|
|HDFC Bank Ltd||7.12%|
|ICICI Bank Ltd||7%|
|Larsen & Toubro Ltd||3.51%|
|Bajaj Auto Ltd||3.23%|
|Bharat Petroleum Corp Ltd||3.03%|
|Kotak Mahindra Bank Ltd||2.96%|
About Tata Equity P/E Fund
The Tata Equity P/E Fund, an open-ended equity scheme, endeavors to offer regular income and/or possible capital appreciation to investors. It aims to invest at least 70 percent of its assets in companies with a lower 12-month P/E Ratio as compared to the P/E ratio of the BSE Sensex. This is a value-conscious fund with dividend trigger options.
Pros & Cons of Tata Equity P/E Fund
- The Tata Equity P/E Fund has performed well over the long-term by investing more in the large-cap space.
- The top three holdings of this scheme are HDFC (9.86%), Reliance Industries (5.72%), and Tech Mahindra (4.89%). Its performance is comparable with its peers in the value investing landscape.
Fund Information and Statistics of Tata Equity P/E Fund
i) Inception/ Launch date
The scheme was launched on 29 June 2004 by Tata Mutual Fund.
ii) Risk level
With a minimum of 70 percent exposure to equity and equity-related instruments, the scheme offers a moderately-high risk to the investors.
The Mutual Fund will dispatch the redemption proceeds to the unitholder within 10 business days from the date of accepting the redemption request at an Authorized Center of Tata Mutual Fund. The cheque will be issued in the name of the first unit holder. For units held in the Demat form, the redemption request will need to be submitted to the DP and the redemption proceeds will be credited to the bank account recorded with the DP.
iv) Fund Manager
Mr. Sonam Udasi is the Fund Manager of Tata Equity P/E Fund since April 2016.
v) Entry / Exit load
There is no entry load in this scheme. The exit load conditions are as follows: 1. If the redemption is done on or before 18 months from the date of allotment AND the withdrawal/switched out amount is NOT more than 12 percent of the purchase cost, THEN the exit load = Nil. 2. If the redemption is done on or before 18 months from the date of allotment AND the withdrawal/switched out amount is more than 12 percent of the purchase cost, THEN the exit load = 1%. 3. If the redemption is done after the expiry of 18 months from the date of allotment, then the exit load = Nil.
Tax benefits of investing in Tata Equity P/E Fund
The following taxes are applicable to income arising from investing in this scheme: 1. Short-term Capital Gains (STCG) Tax – 15% 2. Long-term Capital Gains (LTCG) Tax For gains up to Rs. 1 lakh – No tax For gains exceeding Rs. 1 lakh – 10% without indexation benefits 3. Dividend Distribution Tax (DDT) – 10% which is paid by the scheme before distributing the dividend.
About Tata Mutual Fund
Tata Mutual Fund is one of the most reliable names in Mutual Fund houses in India. It works on the five core values of the TATA Group – pioneering, integrity, excellence, unity, and responsibility. Tata Mutual Fund offers an investment option for all types of investors within a framework of rigorous controls and transparency.
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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