3 Year return

17.47%
Launched on December 2015 (9 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2048.3 Cr.

Expense Ratio

0.49% (inclusive of GST)

Exit Load

0.25% of NAV if redeemed/switched out before 30 Days from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

4
0
5

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Tata Mutual Fund Managers

SU

Sonam Udasi

Fund Manager since Apr 2016

View Details

Fund House Details

Tata Mutual Fund

Tata Mutual Fund Asset management company

AUM ₹147,271.50 Cr.
No. of Schemes 162
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Tata Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Growth

14.52%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout

14.52%
6.42%

About TATA Banking and Financial Services Fund Direct Plan-Growth

The TATA Banking and Financial Services Fund Direct Plan-Growth is an open-ended equity mutual fund plan which is brought to you by TATA Mutual Fund. The fund falls within the category of sectoral/thematic mutual funds. The fund invests in large-cap, small-cap, and mid-cap stocks of companies within the purview of the financial and banking services sector. This is an open-ended fund, which means the investor gets an opportunity to buy or sell units at any time.

Investment Objective of the Scheme

The significant investment objective of the TATA Banking and Financial Services Fund Direct Plan-Growth is to offer investors long-term capital appreciation through investment in the equity of companies in the financial services and banking sector. The fund aims at making the most of the growth and expansion potential of the sector involved, including companies like banks, insurance companies, and NBFCs.

Key Features of The Fund

5-year return 15.77%
Expense Ratio 0.49%
Fund Manager Sonam Udasi
Fund Size ₹2048.3 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you wish to invest in the TATA Banking and Financial Services Fund Direct Plan-Growth, you may be one of those investors who seek more exposure in the potentially lucrative sector of financial services and banking. Additionally, you may think that financial services and banking prove to be a crucial component of the country’s economy and may desire potential returns in periods of general economic growth. Investors who have a high tolerance for risk, and can exert patience may consider this fund for investment.

AMC Contact Details

Name Tata Mutual Fund
Launch Date March 1994
Addresss Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai – 400 001 Maharashtra
Contact (022) 6282 7777
Email service@tataamc.com
Website https://www.tatamutualfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of TATA Banking and Financial Services Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of TATA Banking and Financial Services Fund Jun 21 2024 is 43.4567

What is the AUM of TATA Banking and Financial Services Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of TATA Banking and Financial Services Fund is 2048.3 crore.

What is the expense ratio of TATA Banking and Financial Services Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of TATA Banking and Financial Services Fund is 0.49%

What are the returns of TATA Banking and Financial Services Fund since inception?

The TATA Banking and Financial Services Fund was launched on Dec 04 2015. The fund has delivered a CAGR of 18.9 since inception.

What is the minimum SIP amount to invest in TATA Banking and Financial Services Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for TATA Banking and Financial Services Fund is 100.

How do I invest in TATA Banking and Financial Services Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in TATA Banking and Financial Services Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in TATA Banking and Financial Services Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in TATA Banking and Financial Services Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.