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4 star

Tata Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.45 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.92 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 12.22 -0.35 -0.70 7.85 1.49 15.64 59.89 13.15 18.84 -- --
S&P BSE Bankex TRI 10.40 -0.40 -1.64 8.25 -0.94 12.43 68.12 10.20 14.85 -- --
Equity: Sectoral-Banking 13.94 -0.26 -0.86 8.75 1.95 16.75 68.33 10.80 15.50 -- --
Rank within category 9 11 3 10 8 9 12 3 2 -- --
Number of funds in category 14 14 14 14 14 14 13 11 11 8 0

As on 14-Jun-2021

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 - Direct Plan  | Invest Online
4 star
Dec-15 59.89 13.15 18.84 0.93 753
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 69.88 14.94 19.43 0.91 2,647
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 81.74 11.61 17.36 1.29 4,265
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 86.92 8.02 14.60 1.35 2,990
Aditya Birla Sun Life Banking & Financial Services Fund - Direct Plan  | Invest Online
3 star
Dec-13 81.33 9.90 15.78 1.19 2,052

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 14.33 26-May-2020 - 02-Jun-2020 -24.28 16-Mar-2020 - 23-Mar-2020
Month 21.53 22-May-2020 - 23-Jun-2020 -40.74 20-Feb-2020 - 23-Mar-2020
Quarter 37.22 24-Sep-2020 - 24-Dec-2020 -40.72 23-Dec-2019 - 23-Mar-2020
Year 87.88 23-Mar-2020 - 23-Mar-2021 -30.12 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.36 28.66 0.42 0.50 0.83 2.37
S&P BSE Bankex TRI 16.05 33.62 0.35 0.42 -- --
Equity: Sectoral-Banking 15.54 31.98 0.36 0.41 0.93 0.30
Rank within category 5 1 2 2 1 2
Number of funds in category 11 11 11 11 11 11

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

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 85.08
Top 5 Stocks (%) 63.11
Top 3 Sectors (%) 97.43
Portfolio P/B Ratio 2.98
Portfolio P/E Ratio 27.54

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,39,600 2,52,500
Giant (%) 72.58 74.18
Large (%) 16.70 10.53
Mid (%) 5.37 12.16
Small (%) 5.36 5.83
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 25.88 25.78 17.27 17.27
equal ICICI Bank Financial 24.18 16.43 0.00 16.43
up HDFC Financial 24.55 12.62 7.39 10.72
equal Axis Bank Financial 31.67 9.94 0.00 9.47
equal Kotak Mahindra Bank Financial 35.28 12.06 8.10 9.22
equal State Bank of India Financial 17.13 7.60 0.00 7.60
equal SBI Cards & Payments Services Financial 103.50 5.16 0.00 4.97
equal HDFC Life Insurance Financial 101.99 5.30 0.00 4.02
down ICICI Securities Financial 20.00 2.91 0.00 2.87
equal ICICI Lombard General Insurance Company Financial 46.61 2.66 0.00 2.51
equal Max Financial Services Financial 82.06 5.35 0.00 2.36
equal Karur Vysya Bank Financial 12.05 2.41 0.00 2.05
equal IDFC Financial -- 2.22 0.00 2.04
equal SBI Life Insurance Company Financial 67.86 2.13 0.00 2.02
down Muthoot Finance Financial 15.92 5.24 1.56 1.56
equal HDFC Asset Management Company Financial 49.91 5.06 0.00 1.19
equal UTI Asset Management Co. Financial 20.41 1.13 0.00 1.13

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-May-2021

Fund Manager

— 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:

— 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:


-0.35%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 26.9783

IDCW: ₹ 26.9783


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
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 28-Dec-2015
Return Since Launch: 19.91%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 753 Cr (As on 31-May-2021)
Expense: 0.93% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 36.53%

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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