Скачать или смотреть TATA Banking and Financial Services Fund - Direct - Growth

Hello Investors, welcome to Investors Central.

Today, we're diving into a sectoral fund in the "backbone of the economy"—the banking and financial services sector. This sector is rapidly digitizing, improving its fundamentals, boasts professional management, and offers huge growth potential. We'll be looking at the TATA Banking and Financial Services Fund - Direct - Growth, a top performer in this space.

The direct mode in mutual funds bypasses distributors, meaning no commissions are paid. This translates to a lower expense ratio. For example, the TATA Banking and Financial Services Fund - Regular - Growth has an expense ratio of 1.91%, while the Direct - Growth option is just 0.50%. That's a significant difference of 1.40%!

Let's check the fund's basic details:

Inception Date: 28/12/2015
Fund Manager: Amey Sathe
Manager Start Date: 14/10/2021 (managing for nearly 4 years)
NAV (as on 09/06/2025): ₹50.99
Total Net Assets (AUM as on 30th April 2025): ₹2,751.84 Crore
Minimum Initial Purchase: ₹5,000
Minimum Additional Purchase: ₹1,000
Exit Load: 0.25% for 0 to 30 days, 0% after 30 days.
Now, let's look at the fund's portfolio. It has 95% allocation in stocks and 5% in cash. Of the stock allocation, 98.02% is in financial services companies, and 1.98% is in technology.

Here are the top holdings:

HDFC Bank Ltd: 22.39% (a highly concentrated holding)
Kotak Mahindra Bank Ltd: 9.23%
Axis Bank Ltd: 9.13%
ICICI Bank Ltd: 8.63%
State Bank of India: 2.84%
SBI Cards and Payment: 2.79%
PNB Housing Finance Ltd: 2.75%
ICICI Lombard General Insurance: 2.56%
Bajaj Finance Ltd: 2.51%
HDFC Life Insurance Co Ltd: 2.43%
These top 10 stocks account for 65.26% of the fund's total 33 stocks.
Regarding sectoral allocation, as mentioned, 98.02% is in financial services and banking. The 1.98% in technology is allocated to One97 Communications (Paytm), which operates in financial services but relies heavily on technology.

Moving to performance, this fund has consistently outperformed its benchmark (BSE BANKEX) and category across all timeframes. Notably, it outperformed by 11% in 1 year and 9% in 3 years, building strong investor trust.

Risk measures are also excellent:

Alpha: 7.74
Beta: 0.90 (less than 1, indicating lower volatility than the index)
Sharpe Ratio: 1.09
In summary, this fund's direct mode offers a low expense ratio of 0.50%, which is highly appealing. However, the 1.91% expense ratio in the regular mode makes a Bank Nifty Index fund a potentially better option. While the 22% concentration in HDFC Bank is a slight concern, the fund's historical outperformance through tactical allocation provides confidence. The extraordinary performance and risk measures are significant positives. Lastly, the minimal exit load of 0.25% for the first 30 days and 0% thereafter is very attractive.

Dear investors, your allocation to this fund should align with your risk profiling and risk-taking ability. My views are personal and based on publicly available information. Please consult your financial advisor for personalized planning.

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