August 14, 2023
mayank
Tata Banking and Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 36.1303
NAV IDCW: Rs 36.1303
Suitable For Which Investors?
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 flexi-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.
Fund’s Investment Strategy:
The scheme seeks long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.
Fund Manager:
1) Amey Sathe
Education: Mr. Sathe is MMS & CFA
Experience: Prior to joining TATA Mutual Fund he has worked with JM Financial Institutional Securities Ltd as Assistant Vice President Equity Research, CARE Ratings as Deputy Manager and HDFC Securities in Equity research.
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 | 0.25% for redemption Within 30 days |
Basic Details of Tata Banking and Financial Services Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 28-Dec-15 |
| Return Since Launch | 18.35% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,625 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.56% |
| (As on 30-Jun-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 17.89% |
Tata Banking and Financial Services Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Banking & Fin Srvcs Dir | 11.31 | -0.23 | 2.38 | 11.06 | 14.86 | 26.83 | 25.81 | 12.97 | 16.16 | — |
| S&P BSE Bankex TRI | 2.29 | -0.72 | -1.46 | 1.25 | 6.43 | 12.22 | 26.07 | 9.84 | 13.34 | — |
| Equity: Sectoral-Banking | 8.33 | -0.65 | 0.54 | 7.05 | 11.74 | 17.68 | 25.89 | 10.70 | 13.53 | — |
| Rank within category | 5 | 2 | 2 | 3 | 4 | 1 | 7 | 2 | 1 | — |
| Number of funds in category | 18 | 21 | 20 | 19 | 18 | 18 | 12 | 11 | 11 | 7 |
Tata Banking and Financial Services Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Tata Banking & Fin Srvcs Dir | 4 star | 26.83 | 25.81 | 12.97 | 0.56 | 1,625 | 18.35 | 0.25 (30) | 7Y 7M | 17.89 |
| ICICI Pru Banking & Fin Srvces Dir | 4 star | 16.37 | 26.27 | 10.11 | 1.02 | 7,062 | 15.61 | 1.00 (15) | 10Y 7M | 42.00 |
| Nippon Ind Banking & Fin Srvices Dir | 4 star | 21.60 | 32.76 | 10.32 | 1.19 | 4,527 | 13.79 | 1.00 (30) | 10Y 7M | 38.00 |
| SBI Banking & Fin Srvices Dir | 4 star | 12.59 | 23.06 | 11.10 | 0.78 | 4,364 | 14.21 | 0.50 (30) | 8Y 5M | 87.00 |
| Sundaram Fin Srvices Opp Dir | 5 star | 24.31 | 28.72 | 14.18 | 0.94 | 824 | 13.49 | 1.00 (365) | 10Y 7M | 57.00 |
Portfolio Analysis of Tata Banking and Financial Services Fund
| No. of Stocks | 27 |
| Top 10 Stocks | 64.01% |
| Top 5 Stocks | 49.01% |
| Top 3 Sectors | 94.70% |
| Portfolio P/B Ratio | 2.08 |
| Portfolio P/E Ratio | 15.85 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,30,520 | 2,97,422 |
| Giant (%) | 53.65 | 65.12 |
| Large (%) | 12.97 | 19.56 |
| Mid (%) | 21.49 | 12.66 |
| Small (%) | 11.90 | 5.08 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Tata Banking and Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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