March 27, 2024
mayank
Tata Nifty Financial Services Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Tata Nifty Financial Services Index Fund Open Date, Close Date?
NFO opens on April 08, 2024
NFO will close on April 22, 2024
What is the Investment Strategy?
The scheme seeks to provide returns, before expenses, that commensurate with the performance of Nifty Financial Services Index (TRI), subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 08 April 2024 |
| Issue Close | 22 April 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption Within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY Financial Services TRI |
What is the Benchmark Index of Tata Nifty Financial Services Index Fund?
The Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies. The Nifty Finance Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE).
Nifty Financial Services Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Financial Services Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Financial Services Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -5.02 | -5.02 | 13.44 | 12.69 | 16.12 |
| Total Return | -5.00 | -5.00 | 14.57 | 13.42 | 17.39 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.51 | 24.92 | 27.83 |
| Beta (NIFTY 50) | 1.07 | 1.20 | 1.16 |
| Correlation (NIFTY 50) | 0.86 | 0.92 | 0.91 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 17.02 | 3.19 | 0.82 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 28.67 |
| ICICI Bank Ltd | 22.27 |
| Axis Bank Ltd. | 9.00 |
| State Bank of India | 8.67 |
| Kotak Mahindra Bank Ltd. | 7.50 |
| Bajaj Finance Ltd. | 5.46 |
| Bajaj Finserv Ltd | 2.61 |
| SBI Life Insurance Company Ltd. | 2.11 |
| Shriram Finance Ltd. | 2.05 |
| HDFC Life Insurance Company Ltd. | 1.85 |
Performance Review of the Fund Manager of Tata Nifty Financial Services Index Fund?
1) Kapil Menon
Education: Mr. Menon has done B.Com
Experience: He has been working with Tata Mutual Fund since 2006.
Past Performance of his Schemes
Which Company Owns Tata Nifty Financial Services Index Fund?
Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021
Website: http://www.tatamutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Tata Nifty Financial Services Index Fund NFO?
Guidance for Tata Nifty Financial Services Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Tata Nifty Financial Services Index Fund is based on the Nifty Financial Services Index. The Index has 20 companies as a part of it comprising of banks, financial institutions, housing finance, insurance companies and other financial services companies. The companies with the highest weightage in this Index are HDFC Bank and ICICI Bank.
DSP Banking & Financial Services Fund is another Fund based on the same benchmark. But a direct comparison between the two is not possible because this is an Index Fund. Hence, it is better to study the returns generated by the Index. The Index has given one year return of 16.34%.
Banking and financial services is one of the most attractive sectors for investors right now and investing in this sector through an Index Fund to earn returns commensurate to those generated by the Index is advisable. Can Invest.
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