Tata Digital India Fund Direct Growth

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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About Tata Digital India Fund Direct Growth

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%.

Highlights of Tata Digital India Fund Direct Growth

  • 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..

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Key Information about Tata Digital India Fund Direct Growth

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
Expense Ratio 0.35%
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
Meeta Shetty

Performance of Tata Digital India Fund Direct Growth

As on 8th October 2023 1 Year 3 Years 5 Years 10 Years
Trailing Returns 19.9 24.2 21.4 20.1
Category Average  19.5 19.9 19.4 -

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

What are the Top 10 Holdings of Tata Digital India Fund Direct Growth?

Top Holdings Asset
Infosys Ltd. 20.42%
Tata Consultancy Services Ltd. 16.66%
Tech Mahindra Ltd. 8.52%
LTIMindtree Ltd. 7.85%
HCL Technologies Ltd. 7.43%
Bharti Airtel Ltd. 5.79%
Cyient Ltd. 3.29%
Persistent Systems Ltd. 2.56%
PB Fintech Ltd. 2.21%
SAP SE 2.03%

What is the Equity Sector Allocation by Weightage?

Sector Weightage (%)
Technology 80.00%
Services 9.1%
Communication 7.8%
Others 3.1%

What is the Expense Ratio, Exit Load and Taxation of Tata Digital India Fund Direct Growth?

Category Percentage/Details
Expense Ratio 0.34% (inclusive of GST)
Exit Load 0.25% (redeemed within 30 days)
Stamp Duty 0.005% (from July 1st, 2020)

Taxation

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%.

FAQ's

  • Is it safe to invest in Tata Digital India Fund direct growth?

    Yes, the Tata Digital India Fund direct growth is a low-risk fund. It is a sectoral fund that invests in the Indian technology sector, which is a well-established and growing sector. The fund has a good track record, having delivered average annual returns of 19.85% since inception.
  • Is Tata Digital India Fund a good fund?

    Tata Digital India Fund is a good fund for investors who are looking to invest in the Indian technology sector. The fund has a good track record, a diversified portfolio, and a low expense ratio. However, it is important to note that the fund is relatively new, and its performance may not be sustained in the long term.
  • What is the average return of Tata Digital India Fund direct growth?

    The average return of Tata Digital India Fund direct growth is 19.85% since inception. However, it is important to note that past performance is not indicative of future results.
  • What is the NAV of Tata Digital India Direct fund?

    The NAV of Tata Digital India Direct fund as on October 24, 2023 is ₹40.33.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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