Tata Digital India Fund Growth Direct Plan

About Tata Digital India Fund – Growth – Direct Plan

Tata Digital India Fund – Growth – Direct Plan is a Tata Mutual Fund Equity fund strategy. It is an open-ended equity scheme where investments are made in the Information Technology (IT) sector. This scheme is currently managed by the fund manager, Meeta Shetty. It has an AUM of 6,781.12 crores.

Tata Digital India Fund – Growth – Direct Plan scheme return performance in the last year is -12.86%. The minimum SIP amount required to invest in this scheme is Rs. 150.

Key Parameters

Tata Digital India Fund – Growth – Direct Plan requires a minimum investment of Rs. 5000 with further investments in multiples of Re. 1. The fund’s expense ratio is 0.31%, including GST. The investors are required to pay this fee for fund administration. If redeemed within a month or 30 days from the allotment date, the exit load is 0.25%. Because there is no lock-in period, investors may redeem their investments before this date.

Taxation

Any Long-Term Capital Gains (LTCG) surpassing Rs. 1 lakh will attract a tax rate of 10% if sold one year after the acquisition date. Any applicable surcharge or cess is not included. An investor earns Short-Term Capital Gains (STCG) if the property is sold within one year of the acquisition date. The current rate of taxation is 15%, exclusive of any cess or tax.

Holdings

The Tata Digital India Fund – Growth – Direct Plan invests funds heavily in the technology sector. An investor gets a diversified portfolio consisting of holdings in technology, communication, service, capital goods, and cash holding sectors. The following are the top holdings of the Tata Digital India Fund – Growth – Direct Plan:

• Infosys Ltd.
• Tata Consultancy Services Ltd.
• LTIMindtree Ltd.
• HCL Technologies Limited
• Bharti Airtel Ltd.
• Tech Mahindra Ltd.
• Wipro Ltd.
• Persistent Systems Ltd.
• Cyient Ltd.
• INVESCO NASDAQ 100 ETF QQQM

Returns

The Tata Digital India Fund – Growth – Direct Plan has delivered excellent returns since its inception. The annualised returns of the past five years stand at 20.09%, and the same for the past three years was 36.22%. It should be noted that mutual fund returns are susceptible to market risks, and future returns cannot be judged based on past performance.

The Investment Objective of Tata Digital India Fund – Growth – Direct Plan

The investment objective of the Tata Digital India Fund – Growth – Direct Plan is to pursue Long-Term Capital Gains (LTCG). The scheme invests at least 80% of the net assets in equity/equity-related instruments of firms in India’s Information Technology (IT) sector, namely software, ITeS, and hardware.

Minimum Investment and lock-in period

The Tata Digital India Fund – Growth – Direct Plan has a minimum investment amount of INR 5,000 and a minimum SIP amount of INR 1,000 with multiples of Re 1 after that. The fund has no lock-in period, so investors can withdraw their funds whenever they wish. Tata Digital India Fund – Growth – Direct Plan is the best alternative for investors who want to avoid being bound since a lock-in period is absent.

AMC Information

Tata Mutual Fund was founded in 1994 to provide investment options to assist investors with wealth growth and financial planning. It has become one of India’s premier AMCs since its start and offers a diverse range of mutual fund schemes, including equity, debt, and hybrid funds, as well as solution-oriented schemes and closed-ended funds. With the support of its intellectual capital and robust risk management, it seeks to produce consistent returns on its product offerings. The fund firm strives for excellence while adhering to precise and stringent risk controls.