This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Taxability of earnings:
|S&P BSE Bankex TRI||-46.13||-5.39||-13.98||-41.05||-45.91||-38.43||-41.44||-6.61||--||--||--|
|Rank within category||1||1||4||1||1||1||1||3||--||--||--|
|Number of funds in category||23||23||23||23||23||22||18||17||15||10||8|
As on 03-Apr-2020
|Best (Period)||Worst (Period)|
|Week||11.54 (19-Sep-2019 - 26-Sep-2019)||-24.29 (16-Mar-2020 - 23-Mar-2020)|
|Month||12.89 (26-Dec-2016 - 25-Jan-2017)||-40.82 (20-Feb-2020 - 23-Mar-2020)|
|Quarter||25.30 (26-Feb-2016 - 27-May-2016)||-40.94 (23-Dec-2019 - 23-Mar-2020)|
|Year||55.98 (24-Feb-2016 - 23-Feb-2017)||-30.43 (22-Mar-2019 - 23-Mar-2020)|
|S&P BSE Bankex TRI||1.22||27.22||-0.16||-0.15||--||--|
|Rank within category||3||1||3||3||1||3|
|Number of funds in category||17||17||17||17||17||17|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Mar-2020
|Number of Stocks||18|
|Top 10 Stocks (%)||81.89|
|Top 5 Stocks (%)||63.52|
|Top 3 Sectors (%)||97.10|
|Portfolio P/B Ratio||3.02|
|Portfolio P/E Ratio||27.03|
|Average Mkt Cap (Rs Cr)||2,02,955||2,01,654|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|Kotak Mahindra Bank||Financial||24.98||12.06||4.74||10.29|
|State Bank of India||Financial||13.34||4.91||0.00||4.73|
|HDFC Life Insurance||Financial||63.12||3.66||0.00||3.66|
|HDFC Asset Management Company||Financial||35.93||3.49||0.00||3.49|
|City Union Bank||Financial||11.20||4.72||2.27||2.27|
|ICICI Prudential Life Insurance Co. Ltd.||Financial||42.32||6.84||2.04||2.04|
|ICICI Lombard General Insurance Company||Financial||41.63||2.40||0.00||1.66|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 29-Feb-2020
Education: Mr. Sathe is MMS & CFA
Experience: Prior to joining TATA Mutual Fund he has worked with JM Financial Institutional Securities Ltd as Assistant Vice President Equity Research, CARE Ratings as Deputy Manager and HDFC Securities in Equity research.
Education: Mr. Udasi is a B.Com and also holds PGDM(Finance).
Experience: Prior to joining Tata AMC he was associated with ASK Raymond James (Jun 2005-Jan 2006) as Lead Analyst (Reporting to Head Research), JM Financial AMC (Feb 2006-June 2007) as Senior Analyst (Reporting to CIO), Prime Securities (Aug 2007-Oct 2008) as Head Research (Reporting to President), BRICS Securities (Nov 2008-Apr 2010) as Consumer Vertical (Reporting to Head Equities) and IDBI Capital Market Services Ltd (Jun 2010-March 2014) as Head Research (Reporting to Executive VP).
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The scheme seeks long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||1,000|
|Minimum SIP Investment (₹)||150|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||500|
|Exit Load||0.25% for redemption within 91 days|
|Fund House:||Tata Mutual Fund|
|Return Since Launch:||6.89%|
|Benchmark:||NIFTY Financial Services TRI|
|Assets:||₹ 477 Cr (As on 29-Feb-2020)|
|Expense:||2.60% (As on 29-Feb-2020)|
|Risk Grade:||Below Average|
|Return Grade:||Above Average|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021
Email: [email protected]
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
Email: [email protected]