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Tata Banking and Financial Services Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.69 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.46 Lakh

Analyst's Choice?

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, 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 -2.07 -0.71 -2.89 -1.59 5.22 12.28 22.12 19.08 -- -- --
S&P BSE Bankex TRI -4.64 -0.94 -3.62 -5.12 5.18 6.06 14.10 18.02 -- -- --
Equity: Sectoral-Banking -3.15 -0.68 -2.88 -3.67 5.67 4.99 12.00 13.50 -- -- --
Rank within category 7 9 12 3 13 1 2 2 -- -- --
Number of funds in category 23 23 23 23 22 19 18 17 12 10 8

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.54 (19-Sep-2019 - 26-Sep-2019) -8.44 (17-Sep-2018 - 24-Sep-2018)
Month 12.89 (26-Dec-2016 - 25-Jan-2017) -15.72 (07-Sep-2018 - 08-Oct-2018)
Quarter 25.30 (26-Feb-2016 - 27-May-2016) -18.28 (27-Jul-2018 - 26-Oct-2018)
Year 55.98 (24-Feb-2016 - 23-Feb-2017) -14.01 (06-Oct-2017 - 08-Oct-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.62 17.35 0.92 1.40 0.79 3.63
S&P BSE Bankex TRI 21.17 18.06 1.19 -- -- --
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 2 6 3 1 1 1
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 79.62
Top 5 Stocks (%) 63.52
Top 3 Sectors (%) 98.90
Portfolio P/B Ratio 3.46
Portfolio P/E Ratio 35.28

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,96,194 2,19,717
Giant (%) 77.57 74.25
Large (%) 7.74 11.49
Mid (%) 9.04 11.74
Small (%) 5.65 4.33
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
up HDFC Bank Financial 25.93 25.78 8.24 19.65
up ICICI Bank Financial 66.55 15.52 0.00 15.52
equal HDFC Financial 34.51 11.52 0.00 10.70
up Kotak Mahindra Bank Financial 35.11 12.06 4.74 9.29
equal Axis Bank Financial 42.63 9.54 0.00 8.36
up State Bank of India Financial 28.55 3.87 0.00 3.87
equal Bajaj Finance Financial 49.91 6.17 3.06 3.59
up HDFC Life Insurance Financial 93.07 3.26 0.00 3.04
equal Muthoot Finance Financial 12.78 9.61 2.74 2.81
up DCB Bank Financial 15.91 7.77 2.80 2.80
equal Bajaj Finserv Financial 40.60 7.67 2.43 2.70
equal City Union Bank Financial 23.86 4.72 2.59 2.59
equal ICICI Prudential Life Insurance Co. Ltd. Financial 63.58 7.72 2.34 2.34
equal ICICI Securities Financial 28.04 2.02 0.00 2.02
up IDFC Financial 205.87 2.02 0.00 2.02
equal ICICI Lombard General Insurance Financial 52.38 2.40 0.00 1.96
equal Indusind Bank Financial 20.54 4.84 0.00 1.80
new HDFC Asset Management Company Financial 53.21 2.56 0.00 1.55
equal M&M Financial Services Financial 18.30 2.02 0.00 1.52
equal Multi Commodity Exchange India Financial 32.00 1.22 0.00 0.77

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

— 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).

Funds Managed:


-0.71%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 21.1245

Dividend: ₹ 19.4307


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 (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.25% for redemption within 91 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 28-Dec-2015
Return Since Launch: 20.16%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 453 Cr (As on 31-Dec-2019)
Expense: 2.50% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: 33.26%

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: 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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM