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Tata Nifty Private Bank Exchange Traded Fund - Regular Plan


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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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -48.69 -5.37 -14.59 -43.31 -48.55 -42.71 -- -- -- -- --
S&P BSE Bankex TRI -46.13 -5.39 -13.98 -41.05 -45.91 -38.43 -- -- -- -- --
Equity: Sectoral-Banking -45.11 -4.66 -11.80 -39.41 -45.10 -38.27 -- -- -- -- --
Rank within category 20 22 22 21 19 19 -- -- -- -- --
Number of funds in category 23 23 23 23 23 22 18 17 15 10 8

As on 03-Apr-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 13.35 (19-Sep-2019 - 26-Sep-2019) -28.47 (16-Mar-2020 - 23-Mar-2020)
Month 10.10 (11-Oct-2019 - 11-Nov-2019) -47.44 (20-Feb-2020 - 23-Mar-2020)
Quarter 19.81 (19-Sep-2019 - 19-Dec-2019) -50.15 (23-Dec-2019 - 23-Mar-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 1.22 27.22 -0.16 -0.15 -- --
Equity: Sectoral-Banking* -3.66 28.19 -0.30 -0.34 0.98 -4.96
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Mar-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 10
Top 10 Stocks (%) 99.58
Top 5 Stocks (%) 89.57
Top 3 Sectors (%) 99.58
Portfolio P/B Ratio 2.97
Portfolio P/E Ratio 29.88

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,25,755 2,01,654
Giant (%) 78.81 74.78
Large (%) 11.14 10.53
Mid (%) 10.06 12.06
Small (%) -- 4.52
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
down HDFC Bank Financial 16.97 29.39 0.00 27.50
down ICICI Bank Financial 19.55 22.41 0.00 21.71
down Axis Bank Financial 19.19 15.27 0.00 14.66
down Kotak Mahindra Bank Financial 24.98 16.43 0.00 14.61
up Indusind Bank Financial 4.83 12.87 0.00 11.09
up Federal Bank Financial 4.76 2.83 0.00 2.78
up City Union Bank Financial 11.20 2.52 0.00 2.52
up RBL Bank Financial 9.21 2.35 0.00 2.30
equal Yes Bank Financial -- 1.82 0.00 1.21
up IDFC First Bank Financial -- 1.20 0.00 1.20

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 29-Feb-2020

Fund Manager

— Sailesh Jain since 16-Aug-2019

Education: Mr. Jain is a Commerce Graduate and an MBA.

Experience: Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.

Funds Managed:


-5.37%

Change from previous, NAV as on 03-Apr-2020

Growth: ₹ 92.2862


Investment Strategy

The scheme seeks to provide returns that is closely correspond to the total returns of the securities as represented by the Nifty Private Bank index, subject to tracking error.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 30-Aug-2019
Return Since Launch: -39.68%
Benchmark: Nifty Private Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 14 Cr (As on 29-Feb-2020)
Expense: 0.13% (As on 29-Feb-2020)
Risk Grade: --
Return Grade: --
Turnover: 25.86%

News & Analysis

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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

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