Tata Mutual Fund to start 7 years soon, Rs 1.3 lakh for Rs 10,000 SIP | News Bharat


Tata Banking and Financial Services Fund is an open-ended equity scheme investing in the banking and financial services industry. The Fund’s primary investment objective is to invest at least 80% of its net assets in equity and equity-related instruments of Indian companies engaged in the banking and financial services industry. The fund was established on December 28, 2015 and is about to celebrate its 7th birthday. The fund has a 3-star rating from Value Research and as of the fund’s latest fact sheet dated October 30, 2022, it has generated a CAGR of 13.57% since inception.

Performance of Tata Bank and Financial Services Fund

SIP per month ¥10,000 will increase your total investment ¥120,000 to ¥The fund has returned 20.42% over the past year at Rs 1.32 lakh. SIP per month ¥10,000 will increase your total investment ¥360,000 to ¥463,000 in the first three years, bringing the fund an ROI of 17.09%.

Due to the fund’s 13.30% return over the previous five years, the monthly SIP is ¥10,000 will improve your total investment ¥600,000 to ¥837,000.your entire investment ¥820,000 will become ¥1.313 million thanks to monthly SIPs ¥10,000 Considering that the fund has returned 13.57% since inception.

Tata Banking and Financial Services Fund

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Tata Banking and Financial Services Fund (tatamutualfund.com)

Key details of Tata Bank and Financial Services Fund

Managed by Amey Sathe (15 years of overall experience since 14 October 2021), the fund is benchmarked against the Nifty Financial Services TRI Index.As of December 1, 2022, the net asset value of the fund is ¥32.25 and Tata Bank and Financial Services Funds reported AUM of Rs. 1196.24 Cr with an average monthly AUM of Rs. as of October 31, 2022. 1144.01 Chrome. Tata Bank has an expense ratio of 0.61 for direct schemes with financial services funds and 2.31 for conventional options.

The fund’s sector allocation strategy is Banking, Capital Markets, Finance and Insurance and the top 10 holdings of the fund are ICICI Bank, HDFC Bank, Axis Bank, SBI, HDFC Ltd, Kotak Mahindra Bank, Karur Vysya Bank, IDFC First Banks, Rbl Bank and Sbi Cards & Payment Services Ltd. Tata Banking & Financial Services Fund has a market cap exposure of 72.99% to large caps, 8.70% to mid caps and 18.31% to small caps.

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