Tata Mutual Fund is a prominent part of the Tata Group, one of India’s most respected conglomerates known for its commitment to ethics and societal welfare. Tata Mutual Fund, managed by Tata Asset Management Private Limited (TAML), was established in March 1994 and registered with the Securities and Exchange Board of India (SEBI) in June 1995. As of September 30, 2023, it boasts an impressive Assets Under Management (AUM) of Rs 1,21,238.23 crores, representing about 2.97% of the industry’s total AUM.
The fund house offers approximately 72 mutual fund schemes, including 26 equity schemes, 5 hybrid schemes, 37 debt schemes, and 4 others, catering to a diverse range of financial needs and risk profiles. Some of its top schemes include the Tata Liquid Fund, Tata Money Market Fund, and Tata Digital India Fund.
Tata Asset Management upholds the Tata Group’s legacy of contributing to societal growth, with nearly two-thirds of Tata Sons’ equity vested in philanthropic trusts. These trusts are instrumental in creating and supporting various national institutions and providing substantial aid for education, healthcare, and social upliftment.
TAML’s approach is centered on performance, consistency, stability, flexibility, and service. It offers a wide spectrum of investment solutions and manages funds across different risk-return profiles. Their philosophy emphasizes long-term, consistent results within a framework of rigorous risk controls. The company has more than 25 years of experience in investment management, continuously striving to manage and grow wealth efficiently.
In terms of structure, Tata Sons Ltd. owns a majority stake in TAML, with Tata Investment Corporation Ltd. holding a significant share as well. TAML also extends its reach globally with entities like Tata Asset Management (Mauritius) Private Ltd., catering to offshore investors and funds focusing on India.
| Rank | Scheme Name | Category | Fund Type | Benchmark | 1 Year Return | 3 Year Return | 5 Year Return | AUM (Cr) |
|---|---|---|---|---|---|---|---|---|
| 1 | Tata Nifty Midcap 150 Momentum 50 Index Fund | Trending Funds | INDEX | NIFTY Midcap150 Momentum 50 TRI | 33.90% | NA | NA | 121.33 |
| 2 | Tata Mid Cap Growth Fund | Trending Funds | EQUITY (MID CAP) | Nifty Midcap 150 TRI | 32.76% | 27.03% | 22.47% | 2,852.79 |
| 3 | Tata Infrastructure Fund | Trending Funds | EQUITY (SECTORAL) | S&P BSE India Infrastructure TRI | 30.97% | 35.18% | 22.15% | 1,430.11 |
| 4 | Tata Small Cap Fund | Trending Funds | EQUITY (SMALL CAP) | Nifty Smallcap 250 TRI | 29.69% | 37.96% | 27.38% | 6,345.75 |
| 5 | Tata Housing Opportunities Fund | Trending Funds | EQUITY (THEMATIC) | NIFTY Housing Index TRI | 29.43% | NA | NA | 487.51 |
| 6 | Tata India Pharma And Healthcare Fund | Other Noteworthy Funds | EQUITY (SECTORAL) | Nifty Pharma TRI | 29.06% | 17.34% | 21.61% | 752.94 |
| 7 | Tata Digital India Fund | Other Noteworthy Funds | EQUITY (THEMATIC) | NIFTY India Digital Economy TRI | 25.78% | NA | NA | 1,861.59 |
| 8 | Tata ELSS Growth Fund | Other Noteworthy Funds | EQUITY (ELSS) | Nifty 50 TRI | 21.49% | 17.53% | 18.54% | 1,698.51 |
| 9 | Tata Balanced Fund | Other Noteworthy Funds | HYBRID (BALANCED) | Nifty 50/50 Debt TRI | 15.70% | 10.82% | 12.71% | 5,954.05 |
| 10 | Tata Regular Growth Fund | Other Noteworthy Funds | EQUITY (LARGE CAP) | Nifty 50 TRI | 14.24% | 12.00% | 13.79% | 11,020.16 |
| Key Information | Details |
|---|---|
| Mutual fund name | Tata Mutual Fund |
| Asset management company name | Tata Asset Management Ltd. |
| AMC Setup Date | 30 June 1995 |
| AMC Incorporation Date | 15 March 1994 |
| Sponsor name | Tata Sons Ltd. |
| Tata Investment Corp. Ltd. | |
| Trustee organisation | Tata Trustee Company Private Ltd. |
| Mr. Pratip Kar (Chairman) | |
| Name of trustees | Mr. Cyrus F Vachha (Independent Director) |
| Mr. Shuva Mandal (Associate Director) | |
| Chairman | Mr. Rajiv Sabharwal |
| MD and CEO | Mr. Prathit Bhobe |
| CIO | Mr. Rahul Singh |
| Compliance Officer | Mr. Upesh Shah |
| Investor Service Officer | Ms. Kashmira Kalwachwala |
This is an index fund that aims to mirror the performance of the NIFTY Midcap150 Momentum 50 Total Returns Index. It’s a trending fund that could suit you if you’re looking to invest in the mid-cap segment. The one-year return is quite impressive at 33.90%, but remember, past performance is not indicative of future results, and mid-cap stocks can be volatile.
As a mid-cap equity fund, this aims to invest in medium-sized companies with a potential for high growth. With returns of 32.76% over one year and more than 20% over three and five years, it shows strong past performance. But keep in mind, mid-caps carry higher risk compared to large caps.
This sectoral equity fund focuses on the infrastructure sector. With a one-year return of 30.97% and three and five-year returns above 20%, it’s an option if you’re interested in India’s growing infrastructure space. This type of fund can be affected by changes in government policies and economic cycles.
Small-cap stocks are the primary focus of this fund. They offer high growth potential with corresponding high risk. The fund has performed very well, but investing in small caps can be risky as these companies may be more susceptible to market fluctuations.
This thematic equity fund concentrates on the housing sector, which can be cyclical but has a significant growth potential due to urbanization and economic growth. As it’s a thematic fund, it might have periods of high volatility.
Sectoral funds like this one invest in pharmaceutical and healthcare companies. The sector can offer stable returns due to the essential nature of healthcare services, but it can also be affected by regulatory changes.
This thematic fund targets the digital economy sector. It’s an attractive option if you’re optimistic about the growth of India’s IT and tech services. However, tech sectors can be highly volatile with rapid changes in trends and competition.
An Equity-Linked Savings Scheme (ELSS) allows you to save taxes under Section 80C of the Income Tax Act. It has a lock-in period of three years but also provides the potential for long-term growth.
This hybrid fund invests in both equities and debt, aiming for a balance between growth and income while attempting to reduce risk. It’s suitable if you prefer moderate growth with less risk compared to pure equity funds.
A large-cap equity fund that invests in big, well-established companies. Such funds are considered less risky compared to mid and small-cap funds and can offer stable returns.
| Fund Name | Investment Objective | 3-Year Return | 5-Year Return | 10-Year Return |
|---|---|---|---|---|
| Tata Digital India Fund | Focuses on companies benefiting from the growth of the Indian digital economy. | 23.81% | NA | NA |
| Tata Small Cap Fund | Invests in small-cap companies with high growth potential. | 39.78% | 30.74% | 20.33% |
| Tata Equity PE Fund | Invests in undervalued stocks with potential for growth. | 24.54% | 24.34% | 18.45% |
| Tata Balanced Advantage Fund | Aims to provide capital appreciation and income through a dynamic asset allocation strategy. | 14.97% | 13.29% | 10.51% |
| Tata Equity Opportunity Fund | Invests in stocks across market capitalizations with a focus on growth. | 21.23% | 20.47% | 15.22% |
| Fund Name | Investment Objective | 3-Year Return | 5-Year Return | 10-Year Return |
|---|---|---|---|---|
| Tata Digital India Fund | Focuses on companies benefiting from the growth of the Indian digital economy. | 23.81% | NA | NA |
| Tata Small Cap Fund | Invests in small-cap companies with high growth potential. | 39.78% | 30.74% | 20.33% |
| Tata Equity PE Fund | Invests in undervalued stocks with potential for growth. | 24.54% | 24.34% | 18.45% |
| Tata Balanced Advantage Fund | Aims to provide capital appreciation and income through a dynamic asset allocation strategy. | 14.97% | 13.29% | 10.51% |
| Tata Equity Opportunity Fund | Invests in stocks across market capitalizations with a focus on growth. | 21.23% | 20.47% | 15.22% |
| Fund Name | Investment Style | Equity Allocation | Risk Level | 3-Year Return | 5-Year Return |
|---|---|---|---|---|---|
| Tata Balanced Advantage Fund | Dynamic Asset Allocation | 60-80% | Moderate | 14.97% | 13.29% |
| Tata Equity Hybrid Fund | Equity-Oriented Hybrid | 65-80% | Moderate | 18.71% | 17.63% |
| Tata Multicap Equity Hybrid Fund | Multi-Cap Hybrid | 55-75% | Moderate | 15.43% | 14.82% |
| Tata Regular Savings Fund | Debt-Oriented Hybrid | 20-40% | Low | 7.05% | 7.74% |
| Tata MIP – Low Volatility Fund | Balanced Hybrid | 40-60% | Moderate | 8.52% | 9.21% |
With a background in commerce and an MBA, Akhil has been in the financial sector since 2004. He has worked in various companies, managing funds related to bonds and other fixed-income instruments. At Tata Mutual Fund, he’s been since 2014, and he takes care of funds that involve bonds and other forms of debt, overseeing investments in schemes like Tata Dynamic Bond and Tata Income Fund, with assets totaling over Rs. 4,100 crores.
Sonam’s expertise comes from his postgraduate diploma in finance, and he’s had a strong research background since 2007. He’s been with Tata since 2014, managing a significant sum of Rs. 12,863 crores across 19 different schemes. His focus is on funds that invest in the banking, financial services, consumer sectors, and retirement savings.
Ennette has a keen eye for detail and analysis, honed from her days as a research analyst. Since joining Tata Mutual Fund in 2014, she has moved up to managing funds, particularly those investing in consumer goods, textiles, and media, with a portfolio amounting to Rs. 6,827 crores.
Amey’s journey, equipped with commerce degrees and a CFA from the USA, started in the banking sector and led him through equity analysis. He’s been with Tata since 2015, and as of 2018, he’s been managing funds worth Rs. 5,911 crores, including those focused on banking and financial services.
With a technical background in civil engineering and an MBA, Rupesh has a diverse experience ranging from project management to corporate ratings. At Tata since 2008, he now manages a portfolio of Rs. 4,506 crores in funds that invest across large caps, midcaps, infrastructure, and ethical sectors.
Sailesh has a strong foundation in commerce and an MBA with a focus on finance. He’s had a career in derivatives and equities, and after joining Tata in 2018, he now manages equity funds with assets of Rs. 1,782 crores, including schemes like Tata Digital India and Tata Resources & Energy.
Tata Mutual Fund offers a range of investment options catering to various financial goals and risk appetites. Here’s who should consider investing in Tata Mutual Fund:
What kinds of mutual fund schemes does Tata Mutual Fund offer?
Tata Mutual Fund provides a diverse portfolio of about 72 schemes, including equity, hybrid, debt, and other categories to suit various investment needs and risk profiles.
How has Tata Mutual Fund performed in recent years?
Performance varies by fund, but top-performing Tata funds have shown impressive returns, with the Tata Hybrid Equity Fund delivering annualized returns of 16.37% over three years and 13.46% over five years.
Is investing in Tata Mutual Fund a good option for SIPs?
Yes, Tata Mutual Fund offers several options for SIPs, which are comparable to recurring deposits and encourage regular, disciplined investing for long-term financial goals.
What is the risk associated with Tata Digital India Fund?
The Tata Digital India Fund is rated as very high risk due to its focus on the volatile digital economy sector, making it suitable for investors with a high-risk tolerance.
Which Tata Mutual Fund schemes are best for long-term SIPs?
Tata offers various funds for SIP investments. Equity funds like Tata Equity PE Fund, Tata ELSS Tax Saver Fund, and Tata Digital India Fund are considered good for long-term SIPs due to their higher return potential.
Can anyone invest in Tata Mutual Fund schemes?
Yes, Tata Mutual Fund schemes are open to all investors, from individuals to high-net-worth individuals, seeking to invest in the Tata Group’s listed companies and benefit from their potential growth.
What makes Tata Mutual Fund a good choice for investors?
The fund house’s commitment to performance, consistency, stability, flexibility, and service, along with its backing by the reputable Tata Group, makes it a trustworthy choice for investors.
How can I withdraw my investment from Tata Mutual Fund?
Withdrawals can be made by visiting the official Tata Mutual Fund website, logging in with your folio number or PAN, selecting the scheme, specifying the number of units, and confirming the transaction.
What factors should I consider before investing in Tata Mutual Fund schemes?
Consider your financial goals, risk tolerance, the fund’s performance history, the experience of the fund manager, the expense ratio, and the investment horizon before investing.
How do I start investing in Tata Mutual Fund?
You can start investing in Tata Mutual Fund by visiting their official website, selecting the desired fund, and following the process for online investment, or you can consult a financial advisor for guidance.
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