Tata Ethical Mutual Fund House is a part of Tata Asset Management, one of the leading asset management companies in India. TAM was founded in 1994 and has a track record of over 29 years in investment management. It offers a variety of mutual fund schemes that comply with the principles of Shariah law. The fund house's investment philosophy is to generate long-term capital appreciation for its investors.
Guaranteed Tax SavingsUnder sec 80C & 10(10D)
₹1 CroreInvest ₹10k per month*
Zero LTCG TaxUnlike 10% in Mutual Funds
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
Invest For (in Years)
Stay invested for (in Years)
Expected rate of return (in %)
Tata Ethical Direct Plan-Growth is a thematic mutual fund offered by Tata Mutual Fund. It has a track record of 10 years and 9 months, originating from its launch on January 1, 2013. With assets under management (AUM) amounting to ₹1,879 Crores as of September 30, 2023, this fund is considered to be of medium size within its category.
Highlights of the Tata Ethical Mutual Fund
Tata Ethical Direct Plan-Growth has shown strong performance, with a 1-year return of 14.98% and an impressive average annual return of 15.68% since its launch.
The fund predominantly allocates resources to sectors like Technology, Capital Goods, Materials, Consumer Staples, and Healthcare. It maintains a lower exposure to Technology and Capital Goods compared to other funds in the same category.
The top 5 holdings of the fund include Infosys Ltd., Tata Consultancy Services Ltd., Hindustan Unilever Ltd., HCL Technologies Ltd., and Siemens Ltd.
|Fund House||Tata Mutual Fund|
|Date of Incorporation||1 January, 2013|
|Total AUM||₹1,879 Crs|
|Fund Benchmark||NIFTY 500 Shariah Total Return Index|
|NAV of the Fund||₹354.75|
|Min SIP Amount||₹500|
|Returns since inception||15.67%|
|Risk Level||Very High|
|Investment Objective||The fund aims to provide medium to long term capital gains by investing in Shariah-compliant equity and equity related instruments of well researched value and growth oriented companies.|
|Top Fund Managers||Abhinav Sharma|
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|As on 8th October 2023||1 Year||3 Years||5 Years||10 Years|
Below mentioned are the top 10 holdings of the fund:
|Tata Consultancy Services Ltd.||6.50%|
|Hindustan Unilever Ltd.||4.49%|
|HCL Technologies Ltd.||3.75%|
|Tech Mahindra Ltd.||2.46%|
|Ambuja Cements Ltd.||2.46%|
|Cummins India Ltd.||2.38%|
|Carborundum Universal Ltd.||2.35%|
|Havells India Ltd.||2.24%|
Below is the equity sector allocation of the fund:
|Capital Goods||12.81 %|
|Metals & Mining||4.49 %|
|Consumer Discretionary||2.88 %|
|Expense Ratio||0.88% (Inclusive of GST)|
|Exit Load||Exit load of 0.50% (redeemed within 3 months/90 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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