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Tata Nifty Private Bank Exchange Traded Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.32 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 4.35 12.77 -- -- -- --
Nifty Private Bank TRI -- 4.45 13.10 -- -- -- --
Equity: Sectoral-Banking -- 4.64 12.70 -- -- -- --
Rank within category -- 15 17 -- -- -- --
Number of funds in category 18 23 22 18 17 12 8

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 8.60 (07-Oct-2019 - 07-Nov-2019) -3.44 (24-Sep-2019 - 24-Oct-2019)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Nifty Private Bank TRI* 20.10 17.41 0.82 1.21 -- --
Equity: Sectoral-Banking* 15.47 19.87 0.57 0.82 0.99 -4.28
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 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 10
Top 10 Stocks (%) 99.61
Top 5 Stocks (%) 89.88
Top 3 Sectors (%) 99.61
Portfolio P/B Ratio 3.29
Portfolio P/E Ratio 39.37

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 2,43,619 3,49,496 2,20,251
Giant (%) 77.31 77.16 74.66
Large (%) 12.92 12.90 11.62
Mid (%) 9.77 9.94 11.16
Small (%) -- -- 4.74
Tiny (%) -- -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 29.57 29.39 0.00 27.26
up ICICI Bank Financial 67.66 21.00 0.00 21.00
up Axis Bank Financial 47.71 15.05 0.00 15.05
down Kotak Mahindra Bank Financial 39.32 16.43 0.00 13.70
down Indusind Bank Financial 24.77 12.87 0.00 12.87
down Federal Bank Financial 11.42 2.83 0.00 2.41
up City Union Bank Financial 23.22 2.19 0.00 2.19
down RBL Bank Financial 21.24 2.35 0.00 2.14
up Yes Bank Financial 1.82 0.00 1.82
up IDFC First Bank Financial 1.17 0.00 1.17

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-Nov-2019

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:


0.98%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 178.9357


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
Benchmark: Nifty Private Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 14 Cr (As on 30-Nov-2019)
Expense: 0.20% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM