3 Year return

16.51%
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

14.44%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout

14.44%
6.44%

About Tata Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment

The Tata Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment is managed by Tata Mutual Fund. This fund falls under the sectoral fund category, meaning it primarily invests in stocks of companies operating within the banking and financial sector. The Tata Banking and Financial Services Fund is an open-ended fund, which means you can buy and sell units on any business day, providing liquidity and flexibility for investors. The expense ratio of the fund is lower than the category average. This means that the fund charges lower fees to investors, which can help to improve their returns.

Investment Objectives of the Scheme

The primary goal of the Tata Banking and Financial Services Fund Direct Plan Reinvestment is to provide long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies engaged in banking and finance activities. This fund is suitable for investors who have a high-risk appetite and an investment horizon of at least 5 years. It aims to capitalise on growth opportunities within the banking and finance sector, which can be crucial for economic development.

Key Features of The Fund

5-year return 15.32%
Expense Ratio 0.49%
Fund Manager Sonam Udasi
Fund Size ₹2048.3 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This fund is suitable for investors who are willing to take on a moderate to high level of risk in pursuit of potentially higher returns. If you believe in the growth potential of the infrastructure sector and are comfortable with market fluctuations, this fund might align with your investment goals.

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.

Make Use of SIPs for Harnessing the Power of Compounding

To take advantage of compound interest, a lot of investors select Systematic Investment Plans (SIPs) for their mutual fund investments. By establishing a fixed amount of money to be invested every month, averaging the cost per unit over time, and mitigating the effects of market volatility, SIPs enable disciplined investing. Try the free mutual fund SIP calculator from Angel One to plan your investment and get an idea of possible returns.

FAQs

What is today's NAV of TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment?

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 Direct Plan Reinvestment of IDCW Reinvestment Jun 18 2024 is 43.0143

What is the AUM of TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment?

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 Direct Plan Reinvestment of IDCW Reinvestment is 2048.3 crore.

What is the expense ratio of TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment?

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 Direct Plan Reinvestment of IDCW Reinvestment is 0.49%

What are the returns of TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment since inception?

The TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment was launched on Dec 04 2015. The fund has delivered a CAGR of 18.69 since inception.

What is the minimum SIP amount to invest in TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment?

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 Direct Plan Reinvestment of IDCW Reinvestment is 100.

How do I invest in TATA Banking and Financial Services Fund Direct Plan Reinvestment of IDCW Reinvestment?

  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 Direct Plan Reinvestment of IDCW Reinvestment?

  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 Direct Plan Reinvestment of IDCW Reinvestment?

  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 Direct Plan Reinvestment of IDCW Reinvestment?

  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.