August 23, 2023
mayank
Tata Treasury Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 3,513.9920
Weekly NAV IDCW: Rs 1,008.0658
Daily NAV IDCW: Rs 1,003.5316
NAV IDCW: Rs 2,228.0900
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The scheme aims to generate income & capital appreciation through a portfolio constituted of debt & money market instruments with relatively lower interest rate risk.
Fund Manager:
1) Akhil Mittal
Education: Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis 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) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Tata Treasury Advantage Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.94% |
| Benchmark | CRISIL Low Duration Debt A-I Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,933 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.29% |
| (As on 31-Jul-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Tata Treasury Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Treasury Advantage Dir | 4.68 | 0.02 | 0.50 | 1.59 | 3.74 | 6.66 | 5.01 | 5.16 | 5.79 | 6.86 |
| CCIL T Bill Liquidity Weight | 2.72 | 0.07 | 0.26 | 1.04 | 2.33 | 4.06 | 2.72 | 3.28 | 3.51 | 4.15 |
| Debt: Low Duration | 4.80 | 0.02 | 0.55 | 1.70 | 3.85 | 6.95 | 5.36 | 5.99 | 6.37 | 7.24 |
| Rank within category | 17 | 16 | 21 | 21 | 19 | 20 | 15 | 19 | 18 | 14 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
Tata Treasury Advantage 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 Treasury Advantage Dir | 3 star | 6.66 | 5.01 | 5.16 | 0.29 | 2,933 | 6.94 | — | 10Y 7M |
| HDFC Low Duration Dir | 4 star | 7.41 | 5.65 | 6.87 | 0.45 | 15,908 | 7.69 | — | 10Y 7M |
| ABSL Low Duration Dir | 4 star | 7.21 | 5.60 | 7.05 | 0.38 | 12,577 | 8.01 | — | 10Y 7M |
| Nippon Ind Low Duration Dir | 4 star | 6.95 | 5.63 | 6.56 | 0.38 | 7,445 | 7.65 | — | 10Y 7M |
| Axis Treasury Advtg Dir | 4 star | 6.99 | 5.21 | 6.67 | 0.29 | 5,865 | 7.69 | — | 10Y 7M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 81 | 65 |
| Macaulay Duration (yrs) | 0.92 | 0.84 |
| Average Maturity (yrs) | 0.97 | 1.14 |
| Yield to Maturity (%) | 7.28 | 7.38 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Tata Treasury Advantage Fund
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