Tata Mutual Fund to turn 7 soon, SIP of ₹10,000 becomes ₹13 lakh

Tata Banking & Financial Services Fund Performance

Monthly SIP of 10,000 would have boosted your total investment 1.20 Lakh onwards 1.32 Lakh during the last year when the fund achieved a return of 20.42%. Monthly SIP of 10,000 will increase your total investment by 3.60 Lakh onwards 4.63 lakh in the last three years, which has given a return on investment of 17.09% for the fund.

Due to the fund’s 13.30% returns over the last five years, a monthly SIP Your total investment of 10,000 will improve from 6 lakhs 8.37 lakhs. your entire investment 8.20 lakh would have been Thanks for the monthly SIP of 13.13 lacs 10,000 considering the fund’s return from inception at 13.57%.

Key Highlights of Tata Banking and Financial Services Fund

The fund is managed by Amey Sathe (management since 14-Oct-2021 and overall experience of 15 years) and the fund is benchmarked against Nifty Financial Services TRI Index. Fund’s reported NAV as on December 01, 2022 32.25 and Tata Banking & Financial Services Fund reported an AUM of Rs. 1196.24 Crore as on 31st October 2022 with a Monthly Average AUM of Rs. 1144.01 cr. The Expense Ratio for the Direct Plan of Tata Banking & Financial Services Fund is 0.61 and for the Regular Option is 2.31.

The fund has a sector allocation strategy of banks, capital markets, finance and insurance and the top 10 holdings of the fund are ICICI Bank, HDFC Bank, Axis Bank, SBI, HDFC Ltd, Kotak Mahindra Bank, Karur Vysya Bank, IDFC First Bank. RBL Bank and SBI Cards & Payment Services Ltd. Tata Banking & Financial Services Fund’s market capitalization wise holding of 72.99% for Large Cap stocks, 8.70% for Mid Cap stocks and 18.31% for Small Cap companies.