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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categori2022es
An open ended equity fund, Tata Ethical Fund invests in a diversified equity portfolio that works on the Shariah principle. The main investment objective of the Tata Ethical Fund Scheme is to offer medium to long-term capital gains. Capital gains can be achieved by investing in Shariah approved equity and equity related instruments of growth oriented companies.
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Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categori2022es
Launched on 24th of May, 1996, Tata Ethical Fund, if the Regular Plan is to be considered, is an open-ended Thematic Equity Scheme belonging to the Tata Mutual Fund House family. Since September 2021, the fund manager of the Tata Ethical Fund is Mr. Abhinav Sharma, who also manages a handful of other Tata Fund Schemes.
Tata Ethical Fund is benchmarked against the NIFTY 500 Shariah Total Return Index. The primary objective of these funds is to offer capital gains from medium to long term investment. Here are the main highlights related to the Tata Ethical Funds:
The current Net Asset Value as of 4th April 2022 is Rs. 287.08 crores.
The minimum investment amount required is Rs. 5,000.
The minimum additional investment amount required is Rs. 1,000.
The minimum SIP (Systematic Investment Plan) amount is Rs. 150.
The minimum withdrawal amount is Rs. 500.
Current AuM (Assets under Management) is Rs. 1,177.49 crores.
Fund House | Tata Mutual Fund |
Launch Date | 24th May 1996 |
Return Since Launch | 16.70% |
Benchmark | NIFTY 500 Shariah Total Return Index |
Risk involvement | Very High |
Type | Open-ended |
Assets under Management | 1,177.49 Cr |
Exense | 2.29% |
Turnover | 36.73% |
Category: Equity Sectoral | Annualized Returns | |||
1 year | 3 year | 5 year | All | |
Fund returns | 27.40% | 22.40% | 15.70% | 16.70% |
Category average | 59.00% | 12.80% | 13.10% | NA |
Category: Equity Sectoral | Absolute returns | |||
1 year | 3 year | 5 year | All | |
Fund returns | 27.40% | 83.40% | 107.70% | 5345.90% |
Category average | 59.00% | 43.70% | 85.20% | NA |
If Fund units are redeemed before one year of investment, 15% STCG (Short-Term Capital Gain) is levied.
If Funds are redeemed after one year, Rs. 1 lakh accruing from those units shall be exempted from tax in the particular financial year.
Capital gains exceeding Rs. 1 lakh shall be taxed at 10% LTCG (Long-Term Capital Gains).
The dividend income is added to the total income of the investor and taxed accordingly as per their respective tax slabs.
TDS of 10% is deducted if the dividends exceed Rs. 5,000
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