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 Savings
Under sec 80C & 10(10D)₹1 Crore
Invest ₹10k per month*Zero LTCG Tax
Unlike 10% in Mutual FundsTop performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
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 |
Expense Ratio | 0.88% |
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 |
Trailing Returns | 15.0% | 23.1% | 18.4% | 15.7% |
Category Average | 18.4% | 24.8% | 16.1% | - |
Below mentioned are the top 10 holdings of the fund:
Top Holdings | Asset |
Infosys Ltd. | 6.68% |
Tata Consultancy Services Ltd. | 6.50% |
Hindustan Unilever Ltd. | 4.49% |
HCL Technologies Ltd. | 3.75% |
Siemens Ltd. | 2.94% |
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:
Sector | Weightage (%) |
Technology | 27.09 % |
Capital Goods | 12.81 % |
Materials | 11.29% |
Consumer Staples | 10.78% |
Healthcare | 8.65 % |
Chemicals | 6.14 % |
Metals & Mining | 4.49 % |
Automobile | 3.63 % |
Consumer Discretionary | 2.88 % |
Diversified | 2.45 % |
Energy | 2.3 % |
Textiles | 2.3 % |
Services | 1.25 % |
Category | Percentage/Details |
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
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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