Tata Equity Savings Fund

August 16, 2023

mayank

Leave a reply

Facebook

Twitter

Post Comment Invest Online

Tata Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com

NAV Growth: Rs 49.9428
Monthly NAV IDCW: Rs 18.4441
NAV IDCW: Rs 24.4043

Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”

Fund’s Investment Strategy:
The scheme aims to provide long term capital appreciation by investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt and money market instruments.

Fund Manager:

1) Aurobinda Prasad Gayan
Education: Mr. Gayan is an MBA (Finance)
Experience: Prior to joining Tata Asset Management Ltd. as Head Commodity Strategies. He has worked with Kotak Commodities Services Pvt. Ltd. as Research Head and Karvy Comtrade Ltd. as Research Head.
2) Tapan Patel
Education: Mr. Patel has done BBA, CFA and MFA from ICFAI
Experience: Prior to joining Tata Mutual Fund, he has worked with HDFC Securities Ltd, LKP Securities Ltd, Kotak Commodity Services Pvt. Ltd and Edelweiss Comtrade Ltd.
2) Sailesh Jain
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.
3) Murthy Nagarajan
Education: Mr. Nagarajan is a M.Com, ICWA and PGPMS.
Experience: Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd.

Investment Details

Min. Investment (Rs)	5,000
Min. Addl Investment (Rs)	1,000
Min. SIP Investment (Rs)	150
Min. Withdrawal (Rs)	500
Min. No of Cheques	12
Min. Balance (Rs)	500
Lock-in Period	NA
Exit Load	For units in excess of 12% of the investment, 0.25% will be charged for redemption Within 90 days

Basic Details of Tata Equity Savings Fund

Fund House	Tata Mutual Fund
Launch Date	01-Jan-13
Return Since Launch	8.17%
Benchmark	NIFTY Equity Savings TRI
Riskometer	Moderate
Type	Open-ended
Assets	Rs 133 Cr
	(As on 31-Jul-2023)
Expense	0.42%
	(As on 30-Jun-2023)
Risk Grade	Average
Return Grade	Below Average
Turnover	55.97%

Tata Equity Savings Fund Trailing Returns (%)

Fund name	YTD	1D	1M	3M	6M	1Y	3Y	5Y	7Y	10Y
Tata Eqt Svngs Dir	6.32	0.10	0.42	3.68	5.96	7.90	10.74	8.24	7.71	8.58
VR MIP TRI	5.92	0.04	-0.03	3.27	5.90	8.62	10.13	8.41	8.43	9.30
Hybrid: Equity Savings	7.38	0.00	0.77	4.69	7.21	9.62	11.83	8.43	8.60	9.40
Rank within category	17	2	16	18	18	18	17	11	12	—
Number of funds in category	22	22	22	22	22	22	22	16	13	1