Tata AIA Multi-Cap Fund

Tata AIA Multi-Cap fund has been renamed to Tata AIA Flexi cap fund. The Tata AIA Flexi cap fund is an open-ended dynamic equity scheme. Multi-Cap or Flexi cap implies that the fund has the flexibility to invest in all the segments of the equity market. This means the fund or the fund manager can allocate the investor’s money in large-cap stocks, mid-cap stocks, as well as in small-cap stocks.

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Tata AIA Flexi Cap Fund Facts

The Tata AIA Flexi cap fund was launched on 17/08/2018. Currently (as of 15/11/2021), it manages around ₹2159 Cr (AUM).

This fund is managed by Tata Asset Management, which was established in 1994. Tata Asset Management has more than 25 years of experience in the investment and asset management business.

This fund offers two investing options:

  • Growth

  • Income Distribution cum Withdrawal Option (IDCW) –

    • It further offers options to choose from: 

    • IDCW Payout, in which the dividends are paid out to you.

    • IDCW Reinvestment, in which the dividends are reinvested.

    • IDCW Transfer, in which the dividends are transferred.

The income distribution for any amount less than Rs 250 will be compulsorily reinvested in the same sub-option at ex-dividend NAV.

Investment Objective

The main objective of the Tata AIA Flexi cap fund is to offer capital appreciation by investing your money in equity markets and stocks across market caps.

This fund focuses on investing in businesses that have the potential to grow at a high rate or are growing at a high rate. Also, they focus on businesses with a sustainable business model, which means they have a competitive advantage and thus have a long shelf life in their industry. 

The Tata AIA Flexi cap fund aims to generate wealth for investors over a mid-term to long-term time horizon.

Fund Summary

  1. Tata AIA Flexi cap fund (Regular–Growth) –

    • Expense ratio - 2.13%

    • Exit Load - 1.0% (If Redeem or Switch-out or SWP or STP before the expiry of 365 days from the allotment date of fund units or if the withdrawal or switched out amount exceeds 12% of the original investment cost in the fund)

    • AUM (Fund Size) - ₹ 2,159 Cr

    • Lock-in period - No Lock-in period

    • Age of the fund - The Tata AIA Flexi cap fund was launched on 17/08/2018

    • Benchmark - S&P BSE 500 TRI

    • Minimum Investment - Minimum initial investment in the scheme/plan/option is Rs 5,000.

  2. Tata AIA Flexi cap fund (Direct-Growth) –

    • Expense ratio - 0.73%

    • Exit Load - 1.0% (If Redeem or Switch-out or SWP or STP before the expiry of 365 days from the allotment date of the fund units or if the withdrawal or switched out amount exceeds 12% of the original investment cost in the fund). 

    • AUM (Fund Size) - ₹ 2,159 Cr

    • Lock-in period - No Lock-in period

    • Age of the fund - The Tata AIA Flexi cap fund was launched on 17/08/2018

    • Benchmark - S&P BSE 500 TRI

    • Minimum Investment – For SIP, it is ₹150 and for Lumpsum is ₹5000

Fund Return Summary

  1. Returns of Tata AIA Flexi cap fund (Regular – Growth) (as of 11/11/2021) –

    Tenure

    Percentage of Return

    1 month

    -1%

    3 months

    11.06%

    6 months

    24.64%

    1 Year

    42.19%

    3 Years

    19.63%

    Since Inception

    17.84%

    *Returns are subject to change.

    *The investment risk in the investment portfolio is borne by the policyholder.

  2. Returns of Tata AIA Flexi cap fund (Direct-Growth) (as of 11/11/2021) –

    Tenure

    Percentage of Return

    1 month

    -0.91%

    3 months

    11.43%

    6 months

    25.49%

    1 Year

    44.33%

    3 Years

    21.77%

    Since Inception

    19.944912166092532%

    *Returns are subject to change.

    *The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

Pros

Cons

The main advantage is the Investments across the market cap.

High-risk profile.

Medium-term to Long term investment scope.

Not for investors who have a short-term time horizon for their investments.

A strategically well-diversified portfolio of equity investments.

Performance risk.

Good and consistent returns.

Investment and liquidity risk.

Benefits of Tata AIA Flexi Cap Fund

The benefits of the Tata AIA Flexi cap fund are –

  • Diversity – This fund offers you exposure in all the segments, including large-cap, mid-cap, and small-cap. Its investment diversity helps to mitigate risk and maximize the returns of the investors. This feature also helps the fund managers to find better investment opportunities as they are not bound by market capitalization.

  • Returns – The Tata AIA Flexi cap fund has delivered quite good returns over the period. This track record helps the investors analyze the fund and analyze the performance delivered by the fund manager. For example, in 3 years, this fund has delivered a 21.77% return, which means ₹10,000 invested then would have earned you approximately Rs 18,055.97. This is approx. 1.8 x returns in 3 years.

  • Medium-term to long-term – The Tata AIA Flexi cap fund aims to deliver capital appreciation to its investors over the medium to long-term period. A long-term investment helps the investors reduce their volatility risk and increase the returns as compounding works better for longer-term investments.

  • Track record of the fund – This fund was launched on 17/08/2018 and has delivered good returns since inception.

The fund is managed by Sonam Udasi and Abhinav Sharma, who is the assistant fund manager. Sonam Udasi has 25 years of experience in the equity markets, and Abhinav Sharma has 14 years of experience in the asset management business.

Holdings of the Fund

The top 10 holdings of Tata AIA Flexi cap fund are – 

Holdings

% of Total portfolio

ICICI Bank Ltd.

8.31%

HDFC Bank Ltd.

6.31%

Reliance Industries Ltd.

5.87%

Tata AIA Consultancy Services Ltd.

4.08%

Infosys Ltd.

3.91%

ITC Ltd.

3.32%

Ambuja Cements Ltd.

3.26%

HCL Technologies Ltd.

2.82%

SBI Cards & Payments Services Ltd.

2.82%

Axis Bank Ltd.

2.62%

*The holdings in the portfolio mentioned above are according to Oct 31, 2021.

In Conclusion

The Tata AIA Flexi cap fund is an open-ended fund that invests in equity markets and invests in all the segments, such as large, mid, and small-cap stocks.

Tata Asset Management manages this fund, and it is sponsored by Tata Investment Corporation Limited (TICL) and Tata Sons Limited (TSL).

FAQ's

  • Q. What is diversification in finance?

    A. In finance, diversification is a strategy of capital allocation which helps to reduce risk by reducing the exposure to a particular stock or any asset.
  • Q. How does taxation on mutual fund investments work?

    A.
    Fund Type Short-term Capital Gain (STCG) Long-term Capital Gain (LTCG)
    Equity fund If Less than 12 months If 12 months or more
    Debt fund If Less than 36 months If 36 months or more
    Hybrid equity-oriented fund If Less than 12 months If 12 months or more
    Hybrid debt-oriented fund If Less than 36 months If 36 months or more
    LTCG and STCG Tax rates for Equity are – 10% and 15% (For LTCG, up to  ₹ 1 lakh in a year is tax-exempt). (*Tax benefit is subject to changes in tax laws.)
    LTCG and STCG Tax rates for Debt are – STCG Taxed at the investor’s income tax slab rate and LTCG 20%.
  • Q. What is a “Cap” in equity markets?

    A. In the equity markets, Cap stands for market capitalization.
  • Q. What are dividends in mutual funds?

    A. Dividends are the sum of money paid to the shareholder of a company out of its profit.
  • Q. What is AUM?

    A. AUM is Asset Under Management which is the fund size of a mutual fund.
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