August 22, 2023
mayank
Tata Short Term Bond Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 45.5918
Monthly NAV IDCW: Rs 20.7042
NAV IDCW: Rs 24.1890
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income/appreciation over a short term period.
Fund Manager:
1) 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.
2) Abhishek Sonthalia
Education: Mr. Sonthalia has done B. Com, Management Programme from NITIE and CFA Charter holder.
Experience: Prior to joining Tata Mutual Fund, he has worked with CRISIL Ltd. and TCS.
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 | 0 |
Basic Details of Tata Short Term Bond Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.48% |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 2,291 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.47% |
| (As on 31-Jul-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
Tata Short Term Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata ST Bond Dir | 4.95 | 0.07 | 0.27 | 1.25 | 4.15 | 6.68 | 5.07 | 5.91 | 6.17 | 7.47 |
| CCIL T Bill Liquidity Weight | 2.65 | -0.05 | 0.20 | 1.02 | 2.20 | 3.94 | 2.70 | 3.27 | 3.50 | 4.15 |
| Debt: Short Duration | 4.62 | 0.07 | 0.32 | 1.35 | 3.82 | 6.91 | 5.65 | 6.66 | 6.75 | 7.87 |
| Rank within category | 3 | 11 | 20 | 20 | 3 | 12 | 13 | 17 | 16 | 14 |
| Number of funds in category | 25 | 26 | 26 | 26 | 26 | 24 | 22 | 21 | 19 | 18 |
Tata Short Term Bond 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 | |
| Tata ST Bond Dir | 3 star | 6.68 | 5.07 | 5.91 | 0.47 | 2,291 | 7.48 | — | 10Y 7M |
| ICICI Pru ST Dir | 4 star | 7.95 | 6.30 | 8.03 | 0.40 | 18,245 | 8.56 | — | 10Y 7M |
| Axis Short Term Dir | 4 star | 6.80 | 5.47 | 7.53 | 0.34 | 7,490 | 8.15 | — | 10Y 7M |
| Nippon Ind ST Dir | 4 star | 6.84 | 5.83 | 7.48 | 0.36 | 6,164 | 8.09 | — | 10Y 7M |
| ABSL Short Term Dir | 4 star | 7.04 | 6.24 | 7.78 | 0.38 | 6,040 | 8.66 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 58 | 41 |
| Macaulay Duration (yrs) | 2.47 | 2.39 |
| Average Maturity (yrs) | 2.91 | 2.99 |
| Yield to Maturity (%) | 7.46 | 7.47 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Short Term Bond Fund
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