Tata Digital India Fund Direct Growth is an equity mutual fund scheme launched by Tata Mutual Fund. The fund was launched on June 29, 1995, and is currently managed by fund manager Meeta Shetty. The fund has an asset under management (AUM) of ₹7,862.86 Cr. as of October 7, 2023.
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Tata Digital India Fund Direct-Growth, offered by Tata Mutual Fund, is a technology-focused mutual fund scheme. It has been operational for over 7 years, commencing on December 4, 2015. As of September 30, 2023, the fund manages assets worth ₹7,863 Crores, placing it in the medium-sized category within its sector. This fund maintains a competitive expense ratio of 0.35%, which is lower than the fees typically charged by other sectoral-technology funds.
Over the past year, Tata Digital India Fund Direct-Growth has shown impressive returns of 19.91%. Since its inception, it has maintained an average annual return of 20.11%.
The Tata Digital India Fund Direct-Growth scheme shows consistent returns, aligning with similar funds in its category. However, its performance in mitigating losses during market downturns is somewhat below average.
This fund primarily allocates its investments to sectors like Technology, Services, Communication, and Capital Goods. It maintains a relatively lower exposure to the Technology and Services sectors compared to its peers in the category.
The fund's primary holdings include Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., LTIMindtree Ltd., and HCL Technologies Ltd..
Invest For (in Years)
Stay invested for (in Years)
Expected rate of return (in %)
|Fund House||Tata Mutual Fund|
|Date of Incorporation||04 December, 2015|
|Total AUM||₹7,863 Cr|
|Fund Benchmark||NIFTY IT TRI|
|NAV of the Fund||₹41.59|
|Min SIP Amount||₹150|
|Returns since inception||20.09%|
|Risk Level||Very High|
|Investment Objective||The scheme seeks long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of the companies in the Information Technology Sector in India.|
|Top Fund Managers||Arvindkumar Kumaresan Chetty
|As on 8th October 2023||1 Year||3 Years||5 Years||10 Years|
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|Tata Consultancy Services Ltd.||16.66%|
|Tech Mahindra Ltd.||8.52%|
|HCL Technologies Ltd.||7.43%|
|Bharti Airtel Ltd.||5.79%|
|Persistent Systems Ltd.||2.56%|
|PB Fintech Ltd.||2.21%|
|Expense Ratio||0.34% (inclusive of GST)|
|Exit Load||0.25% (redeemed within 30 days)|
|Stamp Duty||0.005% (from July 1st, 2020)|
If you redeem your investment within a year, you'll be subjected to a 15% tax on the returns. However, if you hold onto it for over a year, any returns exceeding Rs 1 lakh in a financial year will be subject to a Long-Term Capital Gains (LTCG) tax of 10%.
*All savings are provided by the insurer as per the IRDAI approved insurance
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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