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Tata Mutual Fund: NAV, Performance & Latest MF Schemes

About Tata Mutual Fund

Tata Mutual Fund was incorporated in 1994 and commenced operations in 1995. It is a mid-sized mutual fund but also among the most stable investments of the last two decades or so. Some of the least volatile and yet fastest growing schemes of the Indian mutual funds market belong to the Tata Mutual Fund.

The total value of the assets under management of the Tata Mutual Fund is 57,299 crore as of 1 March 2021. The Tata Mutual Fund’s offerings are not restricted to being debt or equity alone. It offers a wide range of instruments for investment that aid investors in diversifying their portfolios. Hybrid, liquid, tax savings/ELSS, and overnight funds are all parts of their offerings.

The Tata Mutual Fund is sponsored by Tata Sons Limited and Tata Investment Corporation Limited. Tata Sons is a multinational conglomerate that is more than 150 years old. It was founded by Jamsetji Tata in 1868, and its affiliates include multi-billion-dollar enterprises such as Tata Motors, Tata Steel, Tata Capital, Tata Elxsi, Tata Power, and Tata Communications.

It has more than 7 lakh employees and a revenue of over USD 100 billion. The current chairman of the Tata group is N. Chandrasekaran. About two-thirds of Tata Sons is held by philanthropic trusts that have, over the past century, opened multiple institutions for the encouragement of arts, sciences, and engineering.

The Tata Mutual Fund offers 76 equity schemes, 66 debt schemes, 24 hybrid schemes, 4 liquid schemes, 4 tax savings schemes, and 4 overnight schemes. The CEO of the company is Prathit Bhobe, and there are nine members on its board of directors. 

Important Information

Name of the AMCTata Mutual Fund
Incorporation Date15 March 1994
SponsorsTata Sons Limited & Tata Investment Corp. Ltd.
TrusteeTata Trustee Company Pvt Limited
Board of DirectorsRajiv Sabharwal F.N. Subedar Suprakash Mukhopadhyay Prathit D Bhobe Anuradha E. Thakur Keki Manchersha Elavia Prabhat Chandra Tripathi V. Chandrasekaran Vittaldas Leeladhar
MD/CEOPrathit Bhobe
CIORahul Singh
AAUMRs. 57,299 Cr as of 1 March 2021
AuditorsAMC Auditors: BSR & Associates Scheme Auditors: M/s Deloitte Haskins & Sells
CustodiansDeutsche Bank, HDFC Bank, CitiBank N.A., Standard Chartered Bank
AddressMafatlal Centre, 9th Floor, Nariman Point Mumbai 400021
Contact Number022-66578282
Emailservice@tataamc.com

Video About Tata Mutual Fund

Tata Focused Equity Fund – Takes The Blur Out – YouTube

Best Tata Mutual Fund Schemes

The Tata Mutual Fund is a moderate-sized fund that has a number of successful products in the market. Let us look at the top ten among them.

1. Tata Banking and Financial Services Fund Direct

The Tata Banking and Financial Services Fund has been among the successful funds in the Indian market over the past few years. It has a Value Research rating of 4, and investors have realised returns of over 34% in the past year and almost 23% in the last five years, as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:18.76%
AssetsINR 660 Crore
Expense Ratio1.03%

*All values as of 1 March 2021

2. Tata Digital India Fund Direct

The Tata Digital India Fund is among the best performing equity funds in the Tata Mutual Fund. It has an AUM of 1161 Crore as of 1 March 2021 and has returned 79.91% over the last year and nearly 22.50% over the last five years.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:22.02%
AssetsINR 1161 Crore
Expense Ratio0.89%

*All values as of 1 March 2021

3. Tata India Consumer Fund Direct

The Tata India Consumer Fund is an equity fund that has an AUM of 1188 Crore as of 1 March 2021. It has returned more than 20% in the last five years, including nearly 31% in the last year.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:17.19%
AssetsINR 1188 Crore
Expense Ratio0.89%

*All values as of 1 March 2021

4. Tata Resources & Energy Fund Direct

The Tata Resources & Energy Fund has been an extremely successful fund, and though it is a comparatively small fund with an AUM of 73 crore, it has returned nearly 20% in the last five years as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:20.18%
AssetsINR 73 Crore
Expense Ratio1.12%

*All values as of 1 March 2021

5. Tata Retirement Savings Fund Progressive Plan Direct

The Tata Retirement Savings Fund Progressive Plan is a high-performance equity fund that has among the highest returns for any fund in the Tata Mutual Fund. Since its inception, it has returned over 15% and has accumulated an AUM of over 995 crore as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load1% for redemption within 1829 days; Nil for redemption after 1829 days
Return Since Inception:15.89%
AssetsINR 995 Crore
Expense Ratio0.80%

*All values as of 1 March 2021

6. Tata Midcap Growth Direct Plan

The Tata Midcap Growth Direct Plan is an equity product with a Value Research Rating of 3. It has been able to return nearly 18% in the last five years as of 1 March 2021, including over 45% in the last year.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 days
Return Since Inception:19.33%
AssetsINR 1129 Crore
Expense Ratio1.14%

*All values as of 1 March 2021

7. Tata Equity PE Fund Direct

The Tata Equity PE Fund is another equity fund that has performed rather well since its inception and has had a constant rate of return of over 17% a year over the last 5 years, as of 1 March 2021.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 days
Return Since Inception:15.97%
AssetsINR 4550 Crore
Expense Ratio0.79%

*All values as of 1 March 2021

8. Tata Large & Mid Cap Fund Direct Plan

The Tata Large & Mid Cap Fund Direct has an AUM of nearly 2153 Crore as of 1 March 2021. It has had a constant annual rate of return that has been over 16% since its inception.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load1% for redemption within 365 days for units more than 12% of investment; Nil for redemption after 365 days
Return Since Inception:15.79%
AssetsINR 2153 Crore
Expense Ratio1.09%

*All values as of 1 March 2021

9. Tata Index Sensex Direct

The Tata Index Sensex Fund is a market-indexed fund with an AUM of nearly 62 crore as of 1 March 2021. Its rate of return has been over 12% annually for nearly all of its existence and has a low expense ratio.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 7 days; Nil for redemption after 7 days
Return Since Inception:12.14%
AssetsINR 62 Crore
Expense Ratio0.05%

*All values as of 1 March 2021

10. Tata India Pharma & Healthcare Fund

The Tata India Pharma & Healthcare Fund invests exclusively in pharma and healthcare stocks in the Indian market and has provided a handsome rate of return of over 10% since its inception as of 1 March 2021. It has an AUM of over 430 crore.

Minimum InvestmentINR 5000
Minimum Additional Investment INR 1000
Minimum SIP InvestmentINR 150
Minimum WithdrawalINR 500
Exit Load0.25% for redemption within 30 days; Nil for redemption after 30 days
Return Since Inception:11.36%
AssetsINR 435 Crore
Expense Ratio1.19%

*All values as of 1 March 2021

How Can You Invest in Tata Mutual Fund Via EduFund?

Your child’s education abroad can be secured by using EduFund to invest in any of the various schemes provided by the Tata Mutual Fund. Here are the steps that will enable you to invest in the Tata Mutual Fund through EduFund.

  • Download the EduFund app from the App Store or the Google Play Store.
  • Create an account on EduFund.
  • Enter the information provided, which is primarily your ambitions for the education of your child. This includes the country that you want to send your child to, what level of education you want to send your child abroad for and the major that you want your child to undertake while abroad.
  • It is also possible to enter a rank bracket for the colleges you want your child to gain admission into and the type of city the college must be in.
  • As per the entered information, you will receive a list of colleges that match your criteria. There will also be a list of the mean tuition fees of these colleges for your selected major.
  • Now, you may choose the Tata Mutual Fund scheme that you wish to invest in. As you browse through schemes, you will also gain an insight into how long it is likely to take you to accumulate the amount of money required for your child’s education through the selected scheme.
  • Using the EduFund app, you can continue to track the performance of several different schemes, including the ones you have invested in. If you wish to invest in more schemes, it is possible to pay using all acceptable transaction portals and forms.
  • EduFund also put you in contact with affiliated education counsellors who have years and years of experience in the field of foreign education. They can help allay your doubts regarding majors, the experience abroad, as well as financial matters.

Leading Fund Managers at Tata Mutual Fund

The fund manager of the mutual fund schemes that you choose to invest in determines how much your investment is going to appreciate over time. An adept and experienced fund manager is capable of recouping your money many times over and in improving the performance of the allotted scheme at an accelerated pace. All the decisions associated with the running of the mutual fund, from the financial instruments to be invested in the allocation of funds in these financial instruments, are made by the fund manager.

The Tata Mutual Fund has some very experienced fund managers for the schemes that it offers. Here are some of the leading fund managers you are likely to come across as you browse through the Tata Mutual Fund.

Sonam Udasi

Mr Sonam Udasi has over 23 years of experience in equities research. His vast experience in the field of finance has meant that he has managed some of the highest return-providing schemes at the Tata Mutual Fund over the years. 

Mr Sonam Udasi holds a postgraduate diploma in management, in which he specialized in the subject of finance. After his education, he joined the Quantum Group as an analyst, where he worked in sectors ranging from retail and pharma to media and utilities. He was then a senior analyst at JMC Financial asset management company, where he reported directly to the chief investment officer.

He has also worked with Raymond James and was the head of the consumer vertical at BRICS Securities. He was also the head of the research team at IDBI Capital Marketing Services Ltd. for four years. WIth him as the leader, his team was ranked third as the “Top Most Award Winning Team” by Thomson Reuters Starmine Awards for Excellence for Fiscal Year 2013.

Mr Udasi joined Tata Asset Management as the Head of Research in 2014. He later became the Principal Officer for Portfolio Management Services and is currently a Senior Fund Manager. 

Mr Udasi manages a total of 18 schemes with an AUM of 11484 Cr as of 1 March 2021. Under his management, the Tata Banking and Financial Services Fund has returned a CAGR of over 22% between 2016 and 2021. The Tata India Consumer Fund Direct has also returned over 20% over the same time period.

Rahul Singh

Mr Rahul Singh is the Chief Investment Officer for Equities at Tata Mutual Fund. He has over 25 years of experience in asset management and finance. As a fund manager, he has some of the highest returns in the last few years.

Mr Rahul Singh earned a Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology Bombay. Post this, he enrolled in the Indian Institute of Management Lucknow and earned an MBA in Finance and Financial Management Services. He subsequently joined CRISIL as the head for Ratings and served there for five years. He was then an Equity Research Analyst at SSKI for five years and at Citibank India for five years after that. In 2010, he joined Standard Chartered Bank as the Head of Equity Research. Prior to joining Tata Mutual Fund, Mr Singh was a Managing Partner at Ampersand Capital Investment Advisors LLP. He joined Tata Mutual Fund as CIO in 2018.

Mr Rahul Singh manages 11 schemes with a total AUM of about 3700 cr as of 1 March 2021. Under his management, the Tata Digital India Fund Direct has returned over 30% per annum between 2018 and 2021. The Tata India Pharma and Healthcare Fund Direct has also been a top performer, with a CAGR of over 22% in this time.

Meeta Shetty

Ms Meeta Shetty is a fund manager at Tata Mutual Fund and manages some of the largest schemes the fund offers its customers. She has over 14 years of experience and her fund have yielded great returns, especially in the last three years.

Ms Meeta Shetty holds a Bachelor of Economics degree and is also a CFA charter holder from the CFA Institute in the USA. She was initially employed as an Equity Research Analyst at Dala and Broacha Stock Broking Pvt. Ltd., post which she took up a research role at HDFC Securities. Till 2017, Ms Shetty was involved in equity research in the pharma sector for Kotak Securities. She was also an Equity Advisor for Karvy Stock Broking. In 2017, she joined Tata Asset Management Ltd. as a Research Analyst and tracked the IT, Pharma, and Telecom sectors. Since 2018, she has been an Assistant Fund Manager.

Ms Meeta Shetty manages 9 schemes, including Tata Digital India Fund and Tata India Pharma & Healthcare Fund, as well as the Tata Large & Mid Cap Fund. Her total AUM is 1329 Cr as of 1 March 2021. The Tata Large & Mid Cap Fund has yielded a CAGR of more than 15% between 2018 and 2021.

Rupesh Patel

Mr Rupesh Patel is a Senior Fund Manager at Tata Asset Management Ltd. He has over 20 years of experience and has managed some immensely successful funds in his long tenure at Tata Asset Management.

Mr Rupesh Patel earned his Bachelor of Technology degree in Civil Engineering from Sardar Patel University, Gujarat. He subsequently earned an MBA in Finance from the same institute. He was then a Manager of Projects at the Gujarat State Road Development Corporation Ltd. for two years before joining CARE Ratings as a manager and rising up to Deputy General Manager. He then joined Indiareit Fund Advisors Ltd. as the Assistant Vice President for Investments. He joined Tata Asset management in 2008 and has been here ever since. He was initially the Deputy General Manager for Investment and later served as the Head of the Portfolio Management Services Division. He became a Fund Manager in 2013.

The total AUM of the 15 schemes managed by Mr Rupesh Patel is more than 6500 cr as of 1 March 2021. He manages the Tata Midcap Growth Direct Plan, which has returned a CAGR of above 18% between 2016 and 2021. He also manages the Tata Large Cap Direct Plan, which has returned about 15% in the same time period.

Murthy Nagarajan

Mr Murthy Nagarajan brings more than 20 years of experience, the vast majority of which have been spent at Tata Asset Management. He is currently the Head of Fixed Income at Tata Asset Management Ltd. and manages a plethora of high=performing debt schemes.

Mr Murthy Nagarajan holds a Master of Commerce degree and earned a Post Graduate Diploma in Business Administration from Somaiya Institute of Management & Research. He worked at Mirae Asset Global Investment India Ltd. where he was the Head of Fixed Income for two years. Later, he worked at Quantum Asset Management Company, where he was the Head of Fixed Income for another three years. 

Mr Murthy Nagarajan manages 25 schemes with a total AUM of almost 10,000 cr as of 1 March 2021. This is among the highest AUM values for any fund manager at Tata Mutual Fund. The Tata Gilt Securities Fund Direct has returned a CAGR of more than 8% under his management between 2016 and 2020. The Tata Short Term Bond Direct Plan has yielded more than 7% in the same time period.

Why Should You Invest in Tata Mutual Fund?

When you are looking out for your child’s education, you need to invest in financial instruments that provide you with assured returns within the limited period of time that lies between your date of investment and the date of your child’s departure for college. You need a financial plan that is based on research and statistics, as well as advisors who will help you tailor your financial plan as per your needs and requirements. You also require the promise of stability and assurance from the financial instrument that you invest in.

Tata Mutual Fund is sponsored by one of the largest conglomerates in the world. Worth hundreds of billions of dollars, Tata Sons, has been a beacon of stability for over 150 years now. The company has been able to weather severe economic storms, multiple recessions, and stock market crashes and still remains profitable. Some of the largest companies of India and the world across industries and domains belong to Tata Sons. From automobiles to coffee and from retail to communications, Tata Sons has made its mark in several fields across the world.

Perhaps the greatest differentiating factor of the Tata Mutual Fund is its flexibility. As a parent investing for the future of your child, you are probably looking to diversity the financial instruments that you invest in, so that you can assure returns on your investment. A mutual fund that offers only a limited number of schemes and contains no diversity in the type of offering can often be severely limiting for the investor.

Tata Mutual Fund offers the greatest variety of scheme types for almost any mutual fund in the market. You can invest in equity or debt-based schemes. Apart from these, you can also opt for tax saver funds or overnight funds. If you wish to invest in bullion, Tata Mutual Fund also offers gold and liquid schemes to its investors. If neither equity nor debt schemes suit you, you can also opt for hybrid schemes.

This underscores the importance of choosing the right mode of investment for your child. The Tata Mutual Fund isn’t merely about stability. The reason that thousands of customers from across the country have reposed their faith in Tata Mutual Fund is that it has been a consistent performer. Customer satisfaction from the Tata Mutual Fund is the reason that people continue to invest in the schemes offered by the fund. For the sake of your children’s education, Tata Mutual Fund is capable of providing you with the right services and leading to great returns in your required time period.

Invest in Tata Mutual Fund Using EduFund

Educating your child abroad can be a costly affair. Especially if you are looking to send your child to countries such as the United States, the United Kingdom, Canada, or Australia, tuition fees can run into hundreds of thousands of dollars. Add to it living expenses such as food and accommodation, and it is likely that you will receive a bill beyond affordability. As large as this bill is, the level of education provided in these countries is also well worth the inconvenience, being by far the best in the world.

Through EduFund, you increase your chances of meeting the financial requirements for the education of your child through consultation with experienced advisors in education finance. Alongside, the process of investing is also very simple and secure and take no more than a few minutes. Your financial plan is completely customised for you and highly research-based as well.

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