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4 star

Tata Banking and Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.69 Lakh

Suitability:

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:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 -16.43 -1.86 -0.92 9.89 6.37 17.53 -9.73 1.76 -- -- --
S&P BSE Bankex TRI -24.36 -2.28 -0.85 12.64 10.62 16.54 -16.90 -0.20 -- -- --
Equity: Sectoral-Banking -25.43 -2.03 -1.69 8.98 6.24 16.29 -18.61 -5.26 -- -- --
Rank within category 3 6 3 12 14 11 2 3 -- -- --
Number of funds in category 23 26 26 25 23 23 23 17 15 10 8

As on 28-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -9.73 1.76 -- 2.59 449
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -9.20 4.71 12.70 2.15 1,495
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -18.63 -1.14 6.81 0.18 5,307
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -18.72 -1.19 6.88 0.18 4,392
ICICI Prudential Banking and Financial Services Fund  | Invest Now
3 star
Aug-08 -18.66 -4.81 7.76 2.36 2,685

Best & Worst Performance

Best (Period) Worst (Period)
Week 14.30 (26-May-2020 - 02-Jun-2020) -24.29 (16-Mar-2020 - 23-Mar-2020)
Month 21.37 (22-May-2020 - 23-Jun-2020) -40.82 (20-Feb-2020 - 23-Mar-2020)
Quarter 28.84 (24-Mar-2020 - 23-Jun-2020) -40.94 (23-Dec-2019 - 23-Mar-2020)
Year 55.98 (24-Feb-2016 - 23-Feb-2017) -31.20 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.32 25.79 -0.11 -0.11 0.81 0.04
S&P BSE Bankex TRI 1.64 29.75 -0.12 -0.12 -- --
Equity: Sectoral-Banking -1.75 30.55 -0.20 -0.25 0.98 -3.47
Rank within category 5 1 5 5 1 5
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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 15
Top 10 Stocks (%) 84.84
Top 5 Stocks (%) 66.10
Top 3 Sectors (%) 94.95
Portfolio P/B Ratio 2.44
Portfolio P/E Ratio 22.99

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,67,293 1,61,701
Giant (%) 77.79 75.19
Large (%) 9.87 9.77
Mid (%) 8.51 13.17
Small (%) 3.84 5.12
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 21.99 25.78 10.84 24.06
equal ICICI Bank Financial 26.66 15.52 0.00 13.55
equal HDFC Financial 15.92 12.62 4.86 12.09
equal Kotak Mahindra Bank Financial 34.34 12.06 8.15 9.97
up Axis Bank Financial 42.31 9.54 0.00 6.43
equal HDFC Life Insurance Financial 87.86 5.18 0.00 4.61
down HDFC Asset Management Company Financial 38.65 5.06 0.00 4.07
down SBI Cards & Payments Services Financial 68.32 4.05 0.00 4.05
equal City Union Bank Financial 24.74 4.72 2.27 3.35
equal Muthoot Finance Financial 14.41 7.06 2.59 2.66
up Max Financial Services Financial 64.78 6.28 0.00 2.66
equal ICICI Lombard General Insurance Company Financial 40.65 2.60 0.00 2.25
equal IDFC Financial -- 2.02 0.00 1.94
equal ICICI Securities Financial 19.69 2.02 0.00 1.72
equal DCB Bank Financial 7.10 6.34 1.42 1.55

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 30-Sep-2020

Fund Manager

— Amey Sathe since 18-Jun-2018

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.

Funds Managed:

— Sonam Udasi since 01-Apr-2016

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).

Interviews:

Funds Managed:


-1.86%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 18.0273

Dividend: ₹ 16.5974


Investment Strategy

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.

Investment Details

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 For units in excess of 12% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 28-Dec-2015
Return Since Launch: 12.95%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 449 Cr (As on 30-Sep-2020)
Expense: 2.59% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 40.05%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-Jan-20181.4000

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: http://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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