August 18, 2023
mayank
Tata Nifty India Digital ETF FoF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 9.9952
NAV IDCW: Rs 9.9952
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 to provide long-term capital appreciation by investing in Tata Nifty India Digital Exchange Traded Fund.
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) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 365 days |
Basic Details of Tata Nifty India Digital ETF FoF
| Fund House | Tata Mutual Fund |
| Launch Date | 13-Apr-22 |
| Return Since Launch | -0.04% |
| Benchmark | Nifty India Digital TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 38 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.05% |
| (As on 31-Jul-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Tata Nifty India Digital ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Nifty Ind Digital ETF FoF Dir | 14.10 | -0.24 | 0.02 | 14.73 | 11.17 | 6.87 | — | — | — | — |
| S&P BSE IT TRI | 10.97 | -0.34 | 0.31 | 13.56 | 3.12 | 4.18 | — | — | — | — |
| Equity: Sectoral-Technology | 14.76 | -0.35 | 0.89 | 14.22 | 8.02 | 10.91 | — | — | — | — |
| Rank within category | 3 | 3 | 7 | 3 | 2 | 6 | — | — | — | — |
| Number of funds in category | 7 | 8 | 7 | 7 | 7 | 6 | 5 | 5 | 5 | 4 |
Tata Nifty India Digital ETF FoF 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 Nifty Ind Digital ETF FoF Dir | Unrated | 6.87 | — | — | 0.05 | 38 | -0.04 | 1.00 (365) | 1Y 4M | — |
| ICICI Pru Technology Dir | Unrated | 7.03 | 28.77 | 21.08 | 0.89 | 10,722 | 22.01 | 1.00 (15) | 10Y 7M | 72.00 |
| Tata Digital Ind Dir | Unrated | 7.96 | 28.28 | 19.92 | 0.33 | 7,574 | 19.80 | 0.25 (30) | 7Y 7M | 25.54 |
| ABSL Digital Ind Dir | Unrated | 13.50 | 27.86 | 21.38 | 0.83 | 3,718 | 21.86 | 1.00 (30) | 10Y 7M | 31.00 |
| SBI Tech Opp Dir | Unrated | 10.97 | 28.60 | 20.54 | 0.88 | 3,081 | 20.89 | 0.50 (15) | 10Y 7M | 32.00 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,10,677 | 2,73,602 |
| Giant (%) | 38.00 | 69.01 |
| Large (%) | 31.17 | 12.09 |
| Mid (%) | 30.40 | 17.20 |
| Small (%) | 0.43 | 4.10 |
| Tiny (%) | — | 0.08 |
Chanakya’s Mutual Fund Guidance For Tata Nifty India Digital ETF FoF
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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