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Tata Income Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Medium to Long Duration debt funds invest in bonds maturing in 4 to 7 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

We believe that Aggressive Hybrid funds or Large Cap Equity funds, which invest predominantly in shares, are more suitable alternatives for an investment horizon of 5 years or more because of their ability to earn much higher returns. They witness more severe ups and downs than Medium to Long Duration funds but the possibility of incurring a loss is substantially reduced if you invest for 5 years and above.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.82 0.10 0.53 0.87 2.39 4.04 10.99 6.34 7.64 8.53 --
VR Bond 0.47 0.08 0.25 0.47 1.46 2.20 8.01 6.19 7.00 7.44 --
Debt: Medium to Long Duration 0.33 0.12 0.41 0.32 1.23 2.90 8.90 5.84 7.28 7.91 --
Rank within category 2 10 4 2 3 4 9 8 8 6 --
Number of funds in category 14 14 14 14 14 14 14 14 14 13 0

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.70 (19-Aug-2013 - 26-Aug-2013) -2.60 (12-Aug-2013 - 19-Aug-2013)
Month 4.63 (19-Aug-2013 - 18-Sep-2013) -3.91 (19-Jul-2013 - 19-Aug-2013)
Quarter 6.75 (25-Aug-2016 - 24-Nov-2016) -6.49 (20-May-2013 - 19-Aug-2013)
Year 15.54 (24-Nov-2015 - 24-Nov-2016) -0.10 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.33 2.89 0.21 0.40 1.21 0.14
VR Bond 6.11 2.14 0.18 0.33 -- --
Debt: Medium to Long Duration 5.97 3.53 0.22 0.51 1.27 -0.24
Rank within category 8 4 7 7 6 7
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 38 27 20
Modified Duration (yrs) 4.72 5.41 2.91 4.70
Average Maturity (yrs) 6.92 8.54 4.19 6.85
Yield to Maturity (%) 7.41 8.15 7.26 7.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 31.73 31.73
equal 8.20% National Bank Agr. Rur. Devp 28/03/2034 Bonds/Debentures AAA 0.00 - 8.20 8.20
equal 8.55% IRFC 21/02/2029 Non Convertible Debenture AAA 0.00 - 8.18 8.18
equal 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 8.12 8.12
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 7.88 7.88
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 7.83 7.83
equal 8.30% SBI Cards & Payments Services 17/05/2023 Bonds/Debentures AAA 6.08 - 7.61 7.61
equal 7.70% Jamnagar Utilities and Power 29/06/2023 Non Convertible Debenture AAA 6.08 - 7.59 7.59
equal 7.69% GOI 17/06/2043 Central Government Loan SOV 0.00 - 1.16 1.16
equal 7.88% GOI 19/03/2030 GOI Securities SOV 0.35 - 0.44 0.44
equal 9.84% IOT Utkal Energy Services 20/06/2020 Debenture AAA 0.24 - 0.28 0.28
equal 9.84% IOT Utkal Energy Services 20/07/2020 Debenture AAA 0.24 - 0.28 0.28
equal 9.84% IOT Utkal Energy Services 20/05/2020 Debenture AAA 0.24 - 0.28 0.28
equal 9.84% IOT Utkal Energy Services 20/04/2020 Debenture AAA 0.24 - 0.28 0.28
equal 9.84% IOT Utkal Energy Services 20/01/2020 Debenture AAA 0.24 - 0.28 0.28
equal 9.84% IOT Utkal Energy Services 20/02/2021 Debenture AAA 0.21 - 0.26 0.26
equal 9.84% IOT Utkal Energy Services 20/01/2021 Debenture AAA 0.21 - 0.26 0.26
equal 9.84% IOT Utkal Energy Services 20/12/2020 Debenture AAA 0.21 - 0.26 0.26
equal 9.84% IOT Utkal Energy Services 20/11/2020 Debenture AAA 0.21 - 0.26 0.26
equal 9.84% IOT Utkal Energy Services 20/10/2020 Debenture AAA 0.21 - 0.25 0.25
equal 9.84% IOT Utkal Energy Services 20/09/2020 Debenture AAA 0.21 - 0.25 0.25
equal 9.84% IOT Utkal Energy Services 20/08/2020 Debenture AAA 0.21 - 0.25 0.25
equal 9.84% IOT Utkal Energy Services 20/03/2020 Debenture AAA 0.21 - 0.25 0.25
equal 9.84% IOT Utkal Energy Services 20/02/2020 Debenture AAA 0.21 - 0.25 0.25
equal 9.84% IOT Utkal Energy Services 20/03/2021 Debenture AAA 0.19 - 0.23 0.23

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Akhil Mittal since 26-Jun-2014

Education: Mr. Mittal is B.Com (H) and MBA from University Business School.

Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.

Funds Managed:


0.10%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 62.5967

Dividend Yearly: ₹ 35.6518

Dividend Half Yearly: ₹ 14.9607


Investment Strategy

The Scheme seeks to provide income distribution/capital appreciation over medium to long term.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 1% for redemption within 364 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.62%
Benchmark: CRISIL Medium to Long Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 65 Cr (As on 31-Dec-2019)
Expense: 1.07% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly09-Sep-20190.2700

 13-Mar-20190.2881
 14-Sep-20170.3322
 14-Sep-20160.3178
 15-Mar-20160.3178
 15-Sep-20150.2354
 16-Mar-20150.2880
 16-Sep-20140.3109
 18-Mar-20140.3006
 23-Sep-20130.3228
 18-Mar-20130.3495
Dividend Quarterly14-Sep-20170.1300

 15-Jun-20170.1445
 16-Dec-20160.1445
 14-Sep-20160.1445
 14-Jun-20160.1228
 15-Mar-20160.1517
 23-Dec-20150.1047
 15-Sep-20150.1441
 16-Jun-20150.1456
 16-Mar-20150.1432
 17-Jun-20140.1555
 18-Mar-20140.1555
 20-Jun-20130.1605
 18-Mar-20130.1699

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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