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  • Tata Ethical Fund(G)-Direct Plan

    Tata Ethical Fund(G)-Direct Plan
    Dividend Yearly
    NA
    Category
    Equity - Multi Cap
    52-week NAV high
    177.17  (As on 15-01-2018)
    52-week NAV low
    150.53  (As on 09-10-2018)
    Expense
    1.56%  (As on 31-10-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 1.89 -3.13 -2.80 -3.11 12.37 8.23 7.90 14.36 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Jan 01, 2013
    Last Dividend
    NA
    Minimum Investment
    5000
  • Tata Mutual Fund is one of the most recognised names when it comes to mutual funds. Providing consistent performance along with best-in-class services, the company has carved out a niche for itself in the mutual fund space. The company strives to achieve consistent and long-term results which has made it one of the most valued and trusted brands in India. Tata Mutual Fund caters to numerous investors from all walks of life. The company aims to offer consistency, flexibility, and stability in order to ensure its customers receive top-notch services.

    Tata Ethical Fund is an open-ended equity scheme that invests in equity and equity-related instruments of Shariah-compliant companies to generate capital growth for a medium or long term. While this scheme avoids investing in companies that have higher debt-to-equity ratios, it primarily invests in growth-oriented companies of well-researched value from sectors that follow the Shariah principles. Investing in low leverage companies, this scheme also avoids making investments in companies that are involved in activities such as gaming, casinos, alcoholic beverages, and non-halal food products as well as conventional financial institutions based on Riba (interest).

    While the Tata Ethical Fund - Direct Plan - Growth scheme allocates 80% to 100% of its total assets to equity and equity-related instruments of stocks that follow the Shariah principles, 0% to 20% of its assets are allocated to other Shariah-compliant instruments including cash.

    Investment Objective of Tata Ethical Fund - Direct Plan - Growth

    The main objective of this scheme is to generate long-term capital growth through an investment in a portfolio of equity and equity-related instruments of growth-oriented companies that follow the Shariah principles. This open-ended scheme can also choose to invest in other instruments that are allowed under the Shariah principles. This scheme can be categorised as Thematic. Please note that Tata Mutual Fund does not offer any guarantee or assurance that the investment objective will be fulfilled during the investment period.

    Key Features of Tata Ethical Fund - Direct Plan - Growth

    Learn about the significant features of the Tata Ethical Fund - Direct Plan - Growth scheme mentioned in the table below:

    Type of fund

    An open-ended equity fund that follows the Shariah principles

    Plans available

    • Regular Plan
    • Direct Plan

    Options under each plan

    • Growth
    • Dividend

    Please note that if the investor doesn’t mention the growth or dividend investment option, the growth option will be considered as the default option.

    Risk factor

    High risk

    Systematic Investment Plan

    Available

    Systematic Transfer Plan

    Available

    Systematic Withdrawal Plan

    Available

    Investment Amount for Tata Ethical Fund - Direct Plan - Growth

    Minimum application amount

    • Dividend Option: Rs.5,000 and subsequently in multiples of Re.1
    • Growth Option: Rs.5,000 and subsequently in multiples of Re.1

    Minimum additional investment

    Rs.1,000 and in multiples of Re.1 thereafter

    Minimum amount for repurchases and switches

    Rs.500 per 50 units

    Please note that the investor will not have to pay any minimum amount for switches to any Tata Mutual Fund schemes.

    Minimum installment for Systematic Investment Plan (SIP)

    Rs.500

    Minimum installment for Systematic Withdrawal Plan (SWP)

    Rs.500

    Entry Load

    Not applicable

    Exit Load

    1% of the applicable Net Asset Value (NAV) if the units are redeemed on or before 365 days starting from the date of allotment of units

    The minimum account balance that should be maintained by the unit holder is Rs.500 per 50 units. If the minimum account balance criteria is not met due to regular switches and repurchases, and the investor fails to purchase enough units or invest sufficient funds to increase the account value above the minimum level, then the scheme is liable to redeem all the units of the investor. Please note that this should be done within 30 days starting from the date the fund sends a written intimation to the unit holder regarding the same.

    Asset Allocation for Tata Ethical Fund - Direct Plan - Growth

    Learn about the asset allocation under this scheme with the help of the table mentioned below:

    Instruments

    Allocations (Percentage of total assets)

    Risk Profile

    Equity and equity-related instruments of company that follow the Shariah principles

    80% to 100%

    High risk

    Other instruments in line with the Shariah principles such as Cash

    0% to 20%

    Low to medium risk

    Who Can Invest in Tata Ethical Fund - Direct Plan - Growth

    Check out the list below to find out whether you are eligible to make an investment under the Tata Ethical Fund - Direct Plan - Growth scheme:

    • Adult individuals residing in India investing on a first-holder basis or jointly. Please note that in case of joint investors, the number of co-investors should not be more than 3
    • Parents and legal guardians investing on behalf of a minor
    • Non-Resident Indians (NRIs) and Persons of Indian Origin (PIO) residing overseas on a complete or non-repatriation basis
    • Mutual fund schemes including the ones that are managed by the asset management company or any other fund house while following the Regulation 44(1) read with Clause 4 of Schedule VII of the Securities & Exchange Board of India (Mutual Funds) Regulations, 1996
    • Asset management companies (AMCs) that are compliant with the Regulation 25(17) of the Securities & Exchange Board of India (Mutual Funds) Regulations, 1996
    • Businesses and corporate bodies
    • Banks, financial organisations, and investment companies
    • Public sector undertakings
    • Associations of persons or bodies of individuals and societies including co-operative societies that are registered under the Societies Registration Act, 1860 (such investments should be subject to the investment criteria outlined by the respective organisations)
    • Trusts, institutions, funds, wakf boards or endowments, funds
    • Karta of a Hindu Undivided Family (HUF)
    • Government-approved international multilateral agencies
    • Religious and charitable trusts that are allowed to invest in mutual funds according to their deeds and by-laws
    • Foreign Portfolio Investors (FPIs) as outlined under Regulation 2(1)(h) of the Security Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014

    NAV Disclosure and Benchmark for Tata Ethical Fund - Direct Plan - Growth

    NAV: The Net Asset Value or NAV of the scheme will be determined on each business day. Along with getting the NAV of the scheme published in 2 daily newspapers, the asset management company (AMC) will ensure that it is available across all investor service centers of the company. The NAV of the scheme will also be available on the official website of AMFI (www.amfiindia.com) as well as on the official website of the AMC (www.tatamutualfund.com) in a downloadable and user-friendly format.

    Since the expense ratios of the different investment options will be varied, the NAV of these options will also be different. Furthermore, the NAV of all the options of Direct Plan will be different from the NAV of all the options of Regular Plan.

    Liquidity: This is an open-ended scheme in which the resale and repurchase of units can be done on all working days. The repurchase and resale of units can be carried out on an ongoing basis at a price subject to the NAV for the concerned business day along with the applicable loads.

    Benchmark: The benchmark index followed by the Tata Ethical Fund - Direct Plan - Growth scheme is Nifty 500 Shariah.

    Tata Ethical Fund - Direct Plan - Growth Fund Manager

    The fund manager for Tata Ethical Fund - Direct Plan - Growth is Mr. Pradeep Gokhale, a Chartered Financial Analyst and a Chartered Accountant with a Bachelor’s degree in Commerce. Gokhale kickstarted his career as a Finance Executive in reputed organisations such as Lubrizol India, Bombay Dyeing, and Tata International. Prior to joining Tata Mutual Fund, he worked with Credit Analysis and Research Ltd. (CARE) as the Head of Financial Sector Ratings for 9 years. Gokhale joined the investment department of Tata Asset Management in September 2004 and was working as the Head of Research prior to becoming a fund manager.

    Investment Restrictions of Tata Ethical Fund - Direct Plan - Growth

    There are numerous restrictions when it comes to investing in Tata Ethical Fund - Direct Plan - Growth scheme. As per the seventh schedule of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, some of the restrictions are mentioned in the list below:

    • This scheme can choose to invest in another scheme under the same asset management company (AMC) or any other fund house without charging the investor any additional fees. However, under such a situation, it must be ensured that the aggregate interscheme investment made by all schemes of the same AMC or in the schemes of another fund house should not be more than 5% of the NAV of the mutual fund.
    • If an investment is made for a long term, the securities of the mutual fund shall be transferred or purchased in the name of the concerned scheme.
    • This scheme shall not invest in a fund of funds scheme.
    • The purchase and sale of securities in all mutual fund schemes shall be based on the basis of deliveries. In case securities have been purchased, the mutual fund must accept delivery of the relevant securities. On the other hand, it shall deliver the securities if a sale of securities has taken place. This, however, is subject to the fact that the mutual fund is allowed to engage in short selling of securities as per the framework regarding short selling and securities lending and borrowing that has been outlined by the Board. Furthermore, a mutual fund can enter into derivatives transactions under a recognized stock exchange, under the guidelines mentioned in the framework specified by the Board.
    • The transfer of investments from one scheme to another scheme of the same mutual fund will be allowed only under the following conditions:
      • Such kind of a transfer shall be done at the ongoing market price for the quoted instruments on spot basis. Please note that the meaning of ‘spot basis’ shall be same as that of ‘spot transactions’ as specified by the stock exchange.
      • The securities transferred in such a manner must comply with the investment objective of the scheme to which the transfer has been made.
    • This mutual fund scheme will not invest more than 10% of its NAV in debt instruments including money market and non-money market instruments that are issued by a single user. It is to be noted that such investments can be made in mortgage-backed securitised debts that are not below the investment grade as rated by an authorised credit rating agency under the Board. The investment limit might be extended to 12% of the NAV of the concerned scheme only after the advance approval of the Board of Directors and the Board of Trustees of the asset management company. However, the limit will not be applicable for investments made in treasury bills, collateralized borrowing and lending obligations, and government securities.
    • This mutual fund scheme will not make any investment in the following:
      • Any security that is not listed, of group companies of the sponsor or an individual associate
      • Listed securities of a group company of the sponsor that amounts to more than 25% of the scheme’s net assets
      • Any security issued through private placement by group companies of the sponsor or an individual associate
    • This investment scheme shall not invest more than 10% of its NAV in equity shares or related instruments of any company. Please note that this limit will not be applicable for investments in case of an index fund or a sector/industry-specific scheme.

    Dividend Policy of Tata Ethical Fund - Direct Plan - Growth

    If an investor opts for the growth option, the dividend policy of the Tata Ethical Fund - Direct Plan - Growth scheme mandates that the income or profit earned will be accumulated by the fund for capital accretion. This amount will be reflected in the NAV and will paid to the investor once the term of investment has ended. This helps in capital growth in the medium and long term.

    On the other hand, the profits earned under the dividend option will be paid out to the unit holders or reinvested at appropriate rates according to the sub-option selected by the investor - Dividend Reinvestment Option or Dividend Sweep Facility. Under this option, the payout or reinvestment of the income will be done at regular intervals and the frequency of income distribution will be as per the discretion of the asset management company and/or the trustee company. Please note that the fund reserves the right to modify the income distribution frequency as well as the payout method without any prior notice. Additionally, the dividend distribution and its periodicity will be based on the availability of distributable surplus.

    Other Facilities Under Tata Ethical Fund - Direct Plan - Growth

    There are numerous facilities offered by the Tata Ethical Fund - Direct Plan - Growth scheme. Learn about the special products offered under this scheme mentioned in the list below:

    • Systematic Investment Plan (SIP) - Under this facility, an investor can choose to invest a specific amount at regular intervals to purchase additional units of the scheme based on the NAV for the concerned business day along with the applicable load. The investment made will be subject to the minimum and maximum amount along with the number of cheques specified by the asset management company.
    • SIP with Top-up SIP Facility - This facility allows the investors to increase the amount of the SIP installment by a fixed amount at predetermined intervals offering more flexibility to the investor in terms of investment amount during the investment period. See the terms and conditions of SIP with top-up SIP facility below:
      • If the investors wants to follow the top-up option, he or she will have to specify the same while enrolling for the SIP facility.
      • Once the enrollment is completed, the details of the top-up facility cannot be modified. In order to change the details, the existing SIP will have to be cancelled and a fresh one with the correct details of the top-up option has to be started.
      • The minimum amount for SIP top-up is Rs.500. This amount is subject to change in multiples of Rs.500.
      • If an investor has selected a quarterly SIP option, he or she can only avail the top-up facility at an interval of 1 year.
      • The frequency for SIP top-up available for monthly SIP investors is yearly and half-yearly. However, if the investor doesn’t specify the frequency, the default interval of yearly SIP top-up will be applicable.
    • Systematic Withdrawal Plan (SWP) - By choosing the Systematic Withdrawal Plan, investors can redeem a fixed amount or number of units at regular intervals. Under this facility, the withdrawn amount through redemption will be converted into units of the scheme at the repurchase price. These units will, then, be reduced from the total number of units held by the unit holder. The Authorised Investor Service Center can choose to terminate an SWP if the unit holder sends a written notice. However, in case all the units are liquidated or withdrawn, the plan will terminate automatically.
    • Systematic Transfer Plan (STP) - If an investor opts for the Systematic Transfer Plan, he or she will be able to transfer from one Tata Mutual Fund scheme to another every month or quarter on a date selected by the Investment Manager. The amount withdrawn in such a manner will be converted into units subject to the applicable NAV and these units will be, then, subtracted from the unit balance of the unit holder. Investors have the ability to change the amount by providing a 2-week notice in advance to the registrars. However, it should be noted that if the balance becomes lower than the minimum account balance required, the plan might be automatically terminated.
    • Just SMS Facility - With the ‘Just SMS’ facility offered by this scheme, existing unit holders including resident adult individuals and parents/legal guardians of minors can do the following:
      • Redeem units of any amount or quantity within the scheme
      • Subscribe for the scheme’s units worth any amount less than Rs.2 lakh
      • Switch out any amount or number of units from the scheme

    Please note that this facility can be also availed by a new investor by opening a folio within the scheme.

    Why You Should Invest in Tata Ethical Fund - Direct Plan - Growth

    Tata Ethical Fund - Direct Plan - Growth is a high-risk, open-ended equity scheme that follows the Shariah principles. By choosing this scheme, investors can achieve medium and long-term capital appreciation by investing in equity and equity-related instruments of Shariah-compliant companies that have well-researched value and are growth oriented. The growth option under this scheme is ideal for investors who want capital gains throughout the investment period.

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