August 16, 2023
mayank
Tata Digital India Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 39.8670
NAV IDCW: Rs 39.8670
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
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 Information Technology Sector in India.
Fund Manager:
1) Meeta Shetty
Education: Ms. Shetty is Bachelor in Economics and CFA Charterholder
Experience: Prior to joining TATA Mutual Fund, she has worked with Kotak Securities, HDFC Securities, AMSEC(Asian Market Securities), Dalal & Broacha Stock Broking and karvey Stock Broking.
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 Digital India Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 28-Dec-15 |
| Return Since Launch | 19.86% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 7,574 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.36% |
| (As on 30-Jun-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 25.09% |
Tata Digital India Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Digital Ind Dir | 13.17 | 0.40 | 0.54 | 12.88 | 7.03 | 9.59 | 28.69 | 20.27 | 21.82 | — |
| S&P BSE IT TRI | 10.45 | 0.65 | 0.10 | 13.04 | 3.82 | 5.01 | 21.98 | 18.09 | 18.41 | — |
| Equity: Sectoral-Technology | 14.92 | 0.39 | 1.35 | 14.68 | 8.75 | 12.36 | 27.41 | 20.56 | 20.68 | — |
| Rank within category | 4 | 6 | 5 | 5 | 4 | 4 | 3 | 4 | 2 | — |
| Number of funds in category | 7 | 8 | 7 | 7 | 7 | 6 | 5 | 5 | 5 | 4 |
Tata Digital India 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 Digital Ind Dir | Unrated | 9.59 | 28.69 | 20.27 | 0.36 | 7,574 | 19.86 | 0.25 (30) | 7Y 7M | 25.09 |
| ICICI Pru Technology Dir | Unrated | 8.26 | 29.13 | 21.42 | 0.90 | 10,722 | 22.02 | 1.00 (15) | 10Y 7M | 70.00 |
| ABSL Digital Ind Dir | Unrated | 14.86 | 28.24 | 21.68 | 0.83 | 3,718 | 21.86 | 1.00 (30) | 10Y 7M | 26.00 |
| SBI Tech Opp Dir | Unrated | 11.87 | 28.80 | 20.72 | 0.88 | 3,081 | 20.89 | 0.50 (15) | 10Y 7M | 36.00 |
| Franklin Ind Tech Dir | Unrated | 20.48 | 22.21 | 18.70 | 0.98 | 874 | 18.96 | 1.00 (365) | 10Y 7M | 45.69 |
Portfolio Analysis of Tata Digital India Fund
| No. of Stocks | 33 |
| Top 10 Stocks | 75.84% |
| Top 5 Stocks | 60.88% |
| Top 3 Sectors | 93.14% |
| Portfolio P/B Ratio | 6.07 |
| Portfolio P/E Ratio | 27.73 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,45,079 | 2,73,602 |
| Giant (%) | 68.67 | 69.01 |
| Large (%) | 13.69 | 12.09 |
| Mid (%) | 14.90 | 17.20 |
| Small (%) | 2.73 | 4.10 |
| Tiny (%) | — | 0.08 |
Chanakya’s Mutual Fund Guidance For Tata Digital India Fund
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
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