Tata Balanced Fund

NAV Date 03-04-2020
Fund Name Category NAV NAV Change 1 year %
Tata Equity P/E Fund(Div Trig Opt A-5%)Pay-Direct Plan Equity - Large Cap 43.23 0.5139 -29.27
Tata Equity P/E Fund(G) Equity - Large Cap 94.14 1.1264 -30.31
Tata Equity P/E Fund(G)-Direct Plan Equity - Large Cap 100.31 1.1922 -29.24
Tata Ethical Fund(D)-Direct Plan Equity - Multi Cap 75.55 1.1257 -17.26
Tata Ethical Fund(DP)-Direct Plan Equity - Multi Cap 75.55 1.1257 -17.26
Tata Ethical Fund(G)-Direct Plan Equity - Multi Cap 137.59 2.0498 -17.26
Tata Ethical Fund-Reg(D) Equity - Multi Cap 52.45 0.7843 -18.15
Tata Ethical Fund-Reg(DP) Equity - Multi Cap 52.45 0.7843 -18.15
Tata Ethical Fund-Reg(G) Equity - Multi Cap 128.48 1.9214 -18.15
Tata Gilt Securities Fund(G)-Direct Plan Debt - Gilt Medium and Long Term 62.28 0.3005 11.27
Tata Gilt Securities Fund-Reg(G) Debt - Gilt Medium and Long Term 58.39 0.2849 10.52
Tata Hybrid Equity Fund(D) Hybrid - Equity Oriented 49.27 0.8040 -22.79
Tata Hybrid Equity Fund(D)-Direct Plan Hybrid - Equity Oriented 53.8 0.8749 -21.94
Tata Hybrid Equity Fund(DP) Hybrid - Equity Oriented 49.27 0.8040 -22.79
Tata Hybrid Equity Fund(G) Hybrid - Equity Oriented 164.91 2.6913 -21.97
Tata Hybrid Equity Fund(G)-Direct Plan Hybrid - Equity Oriented 175.92 2.8611 -21.16
Tata Hybrid Equity Fund(MD) Hybrid - Equity Oriented 43.27 0.7061 -22.70
Tata Hybrid Equity Fund(MD)-Direct Plan Hybrid - Equity Oriented 47.12 0.7663 -21.88
Tata Hybrid Equity Fund(MDP) Hybrid - Equity Oriented 43.27 0.7061 -22.70
Tata Hybrid Equity Fund(MDP)-Direct Plan Hybrid - Equity Oriented 47.12 0.7663 -21.88
Tata Income Fund(G)-Direct Plan Debt - Income 64.08 0.2499 11.00
Tata Income Fund-Reg(G) Debt - Income 60.26 0.2393 10.00
Tata Index Fund-Nifty Plan(G) Equity - Index 49.31 1.0967 -29.68
Tata Index Fund-Nifty Plan(G)-Direct Plan Equity - Index 52.32 1.1680 -29.48
Tata Index Fund-Sensex Plan(G) Equity - Index 68.96 1.6320 -27.73
Tata Index Fund-Sensex Plan(G)-Direct Plan Equity - Index 71.11 1.6857 -27.49
Tata India Tax Savings Fund(D)-Direct Plan Equity - Tax Saving 71.9 2.0312 -27.19
Tata India Tax Savings Fund(DP)-Direct Plan Equity - Tax Saving 71.9 2.0312 -27.19
Tata Large & Mid Cap Fund(G) Equity - Multi Cap 152.73 3.0365 -24.08
Tata Large & Mid Cap Fund(G)-Direct Plan Equity - Multi Cap 166.7 3.3060 -23.07
Tata Large Cap Fund(G) Equity - Large Cap 153.58 4.5129 -29.67
Tata Large Cap Fund(G)-Direct Plan Equity - Large Cap 167.65 4.9199 -29.04
Tata Liquid Fund(G)-Direct Plan Debt - Liquid 3135.18 0.4308 06.33
Tata Liquid Fund-Reg(DD) Debt - Liquid 1001.52 0.0000 04.44
Tata Liquid Fund-Reg(G) Debt - Liquid 3116.65 0.4175 06.20
Tata Mid Cap Growth Fund(G) Equity - Mid Cap 104.11 2.2584 -25.52
Tata Mid Cap Growth Fund(G)-Direct Plan Equity - Mid Cap 110.97 2.4005 -24.36
Tata Money Market Fund(DD)-Direct Plan Debt - Liquid 1114.52 0.0000 06.10
Tata Money Market Fund-Reg(DD) Debt - Liquid 1114.52 0.0000 05.94
Tata Money Market Fund-Reg(G) Debt - Liquid 3446.89 2.3380 07.27
Tata Treasury Advantage Fund(D) Debt - Ultra Short Term 1832.53 1.1074 01.54
Tata Treasury Advantage Fund(D)-Direct Plan Debt - Ultra Short Term 1855.05 1.1514 01.75
Tata Treasury Advantage Fund(DD) Debt - Ultra Short Term 1003.53 0.0000 01.13
Tata Treasury Advantage Fund(DD)-Direct Plan Debt - Ultra Short Term 1003.53 0.0000 01.27
Tata Treasury Advantage Fund(DP)-Direct Plan Debt - Ultra Short Term 1855.05 1.1514 01.75
Tata Treasury Advantage Fund(G) Debt - Ultra Short Term 2888.31 1.7454 01.55
Tata Treasury Advantage Fund(G)-Direct Plan Debt - Ultra Short Term 2924.45 1.8153 01.71
Tata Treasury Advantage Fund(WD) Debt - Ultra Short Term 1008.68 0.6095 01.11
Tata Treasury Advantage Fund(WD)-Direct Plan Debt - Ultra Short Term 1008.69 0.6264 01.29
Tata Treasury Advantage Fund(WDP)-Direct Plan Debt - Ultra Short Term 1008.69 0.6264 01.29
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Nature of fund: Open-ended Balanced scheme.

Investment objective: The Tata Balanced Fund aims to find the optimal combination of equity and debt related investments to provide maximum returns while also efficiently managing the fund’s volatility. This scheme actively manages the combination and balance of equity and debt instruments depending on ever-changing market conditions and the outlook of the fund managers.

Fund information:

Inception date 8th October, 1995.
CRISIL rank (as in June, 2015)

CRISIL Rank 1 in the Balanced Funds category.

CRISIL Rank 1 in the Consistent Performers – Balanced Funds category.

Plans
  • Regular.
  • Direct.
Options
  • Growth.
  • Dividend.
  • Monthly Dividend.
Schemes
  • Tata Balanced Regular Growth Fund.
  • Tata Balanced Regular Dividend Fund.
  • Tata Balanced Regular Monthly Dividend Fund.
  • Tata Balanced Direct Growth Fund.
  • Tata Balanced Direct Dividend Fund.
  • Tata Balanced Direct Monthly Dividend Fund.
Entry load None.
Exit load For exit within 1 year from the date of allotment = 1.00%.
Minimum investment
  • Rs.5,000. (in multiples of Re.1).
  • Additional Investment: Rs.1,000 (in multiples of Re.1).
SIP Monthly
  • Minimum Rs.1,000 (in multiples of Re.1) thereafter for minimum six months.
  • Minimum Rs.500 (in multiples of Re.1) thereafter for minimum one year.
Quarterly
  • Minimum Rs.1,000 (in multiples of Re.1) for 6 instalments.
  • Minimum Rs.1,500 (in multiples of Re.1), for 4 instalments.
Product label – Risk and target investors Moderately High Risk.Target investors are those who seek:
  • Long term capital appreciation.
  • Investments predominantly in equity and equity related instruments and a portion (of about 25% - 35%) in fixed income securities.
Benchmark CRISIL Balanced Fund
SWP Yes.
  • In a monthly or quarterly frequency.
  • Minimum withdrawal amount = Rs.500.
STP Yes
Redemption Rs.500 or 50 units or account balance (whichever is lower).
Taxation (on investment and on redemption) The tax implications of being associated and invested in this mutual fund must be discussed at length with your tax advisor.

Fund manager

Mr. Akhil Mittal

With over 11 years of experience in the industry, Mr. Akhil Mittal joined Tata Asset Management in 2014, bringing with him a wealth of knowledge and experience. In 2004, he started his career at Rallis India’s treasury department. Two years later in 2006, he took on a job in the corporate treasury and resources department at Edelweiss Securities Ltd. where he was in charge of resource mobilization, working capital management, etc. His first role as a fund manager was at Canara Robeco Asset Management Company – looking after fixed income funds from September 2008 to November 2010, and again from March 2011 to June 2014. He has an unquantifiable knowledge of the workings of funds and the financial markets in addition to his professional qualifications which include a Bachelor’s degree in Commerce and an MBA from University Business School.

Investment philosophy

  • To minimize potential volatility through investments in equities and debt instruments alike.
  • To actively manage and keep tabs on the performance of different investments under the fund to ensure optimal use of resources.
  • To provide income distribution and / or medium to long term capital gains.
  • To always emphasize the importance of capital appreciation.
  • To invest primarily in equity and equity-related instruments.
  • To invest around 25% - 35% in fixed income securities.

Portfolio – Top 10 Holdings

As on July 31st, 2015:

Equity Sector Percentage of AUM
HDFC Bank Ltd. Banking / Finance 4.00
Axis Bank Ltd. Banking / Finance 3.44
HCL Technologies Ltd. Technology 2.99
Power Grid Corporation of India Ltd. Utilities 2.55
Glennmark Pharmaceuticals Pharmaceuticals 2.42
Asian Paints (India) Ltd. Chemicals 2.12
Maruti Suzuki India Ltd. Automotive 2.08
Kotak Mahindra Bank Ltd. Banking / Finance 2.00
Sadbhav Engineering Ltd. Engineering 1.91
Yes Bank Ltd. Banking / Finance 1.59

Risk measures:

Sharpe Ratio 0.40
Alpha N/A
Beta 0.99
Standard deviation 11.85%

Performance

AUM (as on 31st July, 2015) Rs.4,165.86 crores.
NAV (as on 2nd September, 2015)
  • Tata Balanced Regular Growth Fund = 173.87.
  • Tata Balanced Regular Dividend Fund = 80.08.
  • Tata Balanced Regular Monthly Dividend Fund = 70.06.
  • Tata Balanced Direct Growth Fund = 176.55.
  • Tata Balanced Direct Dividend Fund = 81.53.
  • Tata Balanced Direct Monthly Dividend Fund = 71.32.
Returns and benchmark comparison
Date Scheme returns CRISIL Balanced Fund Index
Since Inception (till 31st July, 2015) 19.44% 11.09%
5 year 22.72% 12.20%
3 year 29.28% 14.69%
1 year 19.20% 6.37%
Expenses
Daly Net Assets Tata Balanced Fund expenses
First 100 crores 2.70%
Next 300 crores 2.45%
Next 300 crores 2.20%
Balance Assets 1.95%

Expert view of the fund + outlook

This hybrid fund invests in both equities and debt instruments in order to maintain the balance and protect itself from market volatility. Currently, it has over 74.79% exposure to equity and 22.70% exposure to debt-related investments. Large companies tend to be more immune to shifts in market trends than smaller ones, and this fund invests 52.96% of its funds in large sized companies and 33.84% of the funds in mid-sized companies. Smaller companies are invested in up to 8.16% currently. If you’ve already invested in this fund, keep a watchful eye on its performance, as it is a well performing fund but invests highly in equities. If you’re a new investor – you can skip over this fund and find another fund that you won’t have to monitor as much as this one.

How to apply

You can invest in this fund online through the Tata Mutual Funds website, or you can physically enter any one of the Tata Mutual Funds offices in your city to be a part of this fund. You can also request a call back from the company, and an executive will get in touch with you and guide you through the application process.

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