Tata Asset Management Private Limited has been a trusted name in the investment industry for over 29 years. As one of the largest fund houses in India, TATA Mutual Fund offers a diverse range of 57 schemes, including equity, debt, and hybrid mutual funds. With a focus on long-term investments, one of their flagship funds, Tata Mid Cap Growth Fund, has completed its 29 years of establishment, turning a SIP of Rs 10,000 into an impressive Rs 1.42 Crore. Let’s take a closer look at the fund details and its journey.
Tata Mid Cap Growth Fund: An Overview Tata Mid Cap Growth Fund is an open-ended equity scheme primarily investing in mid-cap stocks. It was launched on July 1, 1994, and has successfully completed 29 years of existence. The fund is currently managed by Satish Chandra Mishra, who took charge of the scheme on 9th March 2021, with an overall experience of 15 years. Assisting him is Abhinav Sharma, the assistant fund manager.
The fund’s performance is benchmarked against Nifty Midcap 150 TRI, and as of 31st May 2023, it recorded an AUM (Asset Under Management) of Rs. 2025.84 Crore, with a monthly average AUM of Rs. 1947.64 Crore.
Key Fund Statistics:
- Portfolio Turnover: 68.96%
- Expense Ratio: 0.97% (Direct) and 2.08% (Regular Plan)
Investment Details:
- Minimum Investment: Rs. 5,000/-
- Exit Load: 1%
Fund Holdings and Sector Allocations: The top 5 equity holdings of Tata Mid Cap Growth Fund are IDFC First Bank, Aia Engineering, Thermax, P.i. Industries, and Cummins India. In terms of sector allocations, the fund focuses on Capital Goods, Financial Services, Chemicals, Automobile and Auto Components, and Healthcare.
Market Capitalisation Exposure:
- Large Cap: 16.30%
- Mid Cap: 67.78%
- Small Cap: 15.92%
SIP Returns of Tata Mid Cap Growth Fund: Investors who started a SIP of Rs. 10,000 one year ago would have seen their total invested amount of Rs. 1.20 lakh grow to Rs. 1.32 lakh, with a return of 19.33%. Similarly, a SIP of Rs. 10,000 initiated three years ago would have resulted in a total invested sum of Rs. 3.60 lakh growing to Rs. 4.70 lakh, at a return of 18.22%.
For those who started a SIP of Rs. 10,000 five years ago, their total investment of Rs. 6 lakh would have grown to Rs. 9.52 lakh, with a return of 18.55%. A SIP begun seven years ago with Rs. 10,000 would have seen the total investment of Rs. 8.40 lakh grow to Rs. 15.06 lakh, with a return of 16.40%.
Investors who started a SIP of Rs. 10,000 ten years ago would have witnessed their total invested amount of Rs. 12 lakh turn into an impressive Rs. 29.55 lakh, with a return of 17.17%. And for those who had the foresight to start a SIP with Rs. 10,000 since the fund’s inception, their total investment of Rs. 23 lakh would have grown to an astounding Rs. 1.42 Crore, with a remarkable return of 16.65%.
The Tata Mid Cap Growth Fund has showcased consistent growth over the years, making it a preferred choice for investors looking for long-term wealth creation. Please note that mutual fund investments are subject to market risks, and investors should carefully evaluate their risk appetite and investment goals before making any investment decisions.
