Top 10 Tata Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Tata Digital India FundEquityHigh2.5%star428
Tata India Consumer FundEquityHigh-15.1%star1,380
Tata Retirement Savings Fund - Moderate PlanSolution OrientedModerately High-8.3%star1,092
Tata Equity P/E FundEquityModerately High-11.0%star5,499
Tata Ethical FundEquityModerately High-8.2%star550
Tata Ethical FundEquityModerately High-9.3%star550
Tata Income FundDebtModerate10.6%star74
Tata Banking And Financial Services FundEquityHigh-0.3%star330
Tata India Tax Savings FundEquityModerately High-3.3%star1,903
Tata Money Market FundDebtLow0.9%star349
Tata India Tax Savings FundEquityModerately High-1.9%star1,903
Tata Hybrid Equity FundHybridModerately High-0.6%star4,571
Tata Money Market FundDebtLow0.8%star349
Tata Equity P/E FundEquityModerately High-12.2%star5,499
Tata Retirement Savings Fund - Moderate PlanSolution OrientedModerately High-7.0%star1,092
View All Top 10 Tata Mutual Funds

Tata Mutual Fund

Tata Asset Management Ltd. (TAML) is part of the Tata Group that manages Tata Mutual Fund. The company was established in 1994 and offers diverse investment options to investors based on their risk appetite, financial objectives, and income.

According to the company, their business is based on the 3 most significant aspects – performance, service, and trust. Its vision is to deliver a better quality of life to their investors by securing their financial future.

Tata Asset Management Ltd. currently offers hybrid funds, equity funds, and fixed income funds. The funds have received various awards over the years some of which include –

  • CNBC TV 18 Mutual Fund Awards awarded the Tata Equity P/E Fund as the Best Value/Contra Fund.
  • CNBC TV 18 Mutual Fund Awards also awarded the Tata Treasury Advantage Fund as the Best Low Duration Debt Fund.
  • Thomson Reuters Lipper India 2018 Fund Awards awarded the Tata Retirement Savings-Moderate (3 years & 5 years) in the Mixed Asset INR Aggressive category.
  • Business Today-Money Today Financial Awards awarded the Tata Balanced Fund as the Best Long-Term Balanced Fund in its category.

Tata Asset Management Ltd. is registered as a mutual fund with SEBI under the registration code MF/023/95/9. The company registered itself as a portfolio manager in 14 September 2004 with the registration code INP000001058. It also operates a Foreign Institutional Investor (FII) - Tata Asset Management (Mauritius) Private Ltd., registered with SEBI under the registration code INMUFD161207.

While Tata Sons Ltd. holds 67.91% shares in TAML, 32.09% shares are held by Tata Investment Corporation Ltd.

The company reported a total revenue of Rs. 2.12 billion, a profit before tax of Rs. 585 million, and a profit after tax of Rs. 386 million for the year ended March 2018.

As of 31 March 2019, Tata Asset Management Ltd. offers 202 schemes and has an asset under management (AuM) of Rs. 54,193 Crore.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Tata Digital India Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 16.35% annualized returns in the last 3 years. In the last 1 year, it gave 2.51% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.51% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Danesh Mistry

Launch Date28 Dec 2015
Min Investment AmtNaN
Groww Ratingstar
AUM428Cr
1Y Returns2.5%

Tata India Consumer Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 14.29% annualized returns in the last 3 years. In the last 1 year, it gave -15.12% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -15.12% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rupesh Patel, Sonam Udasi

Launch Date28 Dec 2015
Min Investment AmtNaN
Groww Ratingstar
AUM1,380Cr
1Y Returns-15.1%

Tata Retirement Savings Fund Moderate Plan Regular-Growth

Fund Performance: This fund has consistently beaten its benchmark in Retirement segment and provided 7.61% annualized returns in the last 3 years. In the last 1 year, it gave -8.32% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.32% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Solution Oriented mutual fund in India.

Fund Manager: Murthy Nagarajan, Sonam Udasi

Launch Date01 Nov 2011
Min Investment AmtNaN
Groww Ratingstar
AUM1,092Cr
1Y Returns-8.3%

Tata Equity PE Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Value segment and provided 8.82% annualized returns in the last 3 years. In the last 1 year, it gave -10.96% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.96% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sonam Udasi

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM5,499Cr
1Y Returns-11.0%

Tata Ethical Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 3.77% annualized returns in the last 3 years. In the last 1 year, it gave -8.18% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.18% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rupesh Patel

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM550Cr
1Y Returns-8.2%

Tata Ethical Fund Regular-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 2.71% annualized returns in the last 3 years. In the last 1 year, it gave -9.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -9.26% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Pradeep Gokhale

Launch Date24 May 1996
Min Investment AmtNaN
Groww Ratingstar
AUM550Cr
1Y Returns-9.3%

Tata Income Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Medium to Long Duration segment and provided 7.39% annualized returns in the last 3 years. In the last 1 year, it gave 10.58% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 10.58% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Akhil Mittal

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM74Cr
1Y Returns10.6%

Tata Banking and Financial Services Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 15.09% annualized returns in the last 3 years. In the last 1 year, it gave -0.35% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.35% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Pradeep Gokhale, Sonam Udasi

Launch Date28 Dec 2015
Min Investment AmtNaN
Groww Ratingstar
AUM330Cr
1Y Returns-0.3%

Tata India Tax Savings Fund-Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 8.01% annualized returns in the last 3 years. In the last 1 year, it gave -3.31% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.31% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rupesh Patel

Launch Date14 Oct 2014
Min Investment AmtNaN
Groww Ratingstar
AUM1,903Cr
1Y Returns-3.3%

Tata Money Market Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Money Market segment and provided 4.96% annualized returns in the last 3 years. In the last 1 year, it gave 0.91% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.91% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Somani

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM349Cr
1Y Returns0.9%

Tata India Tax Savings Fund Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 9.35% annualized returns in the last 3 years. In the last 1 year, it gave -1.85% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.85% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Rupesh Patel

Launch Date14 Oct 2014
Min Investment AmtNaN
Groww Ratingstar
AUM1,903Cr
1Y Returns-1.9%

Tata Hybrid Equity Fund Direct Plan-Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 5.14% annualized returns in the last 3 years. In the last 1 year, it gave -0.59% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.59% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Murthy Nagarajan, Pradeep Gokhale

Launch Date01 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM4,571Cr
1Y Returns-0.6%

Tata Money Market Fund Regular-Growth

Fund Performance: This fund has consistently beaten its benchmark in Money Market segment and provided 4.87% annualized returns in the last 3 years. In the last 1 year, it gave 0.76% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.76% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Amit Somani

Launch Date22 May 2003
Min Investment AmtNaN
Groww Ratingstar
AUM349Cr
1Y Returns0.8%

Tata Equity PE Fund Regular-Growth

Fund Performance: This fund has consistently beaten its benchmark in Value segment and provided 7.65% annualized returns in the last 3 years. In the last 1 year, it gave -12.23% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -12.23% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Sonam Udasi

Launch Date29 Jun 2004
Min Investment AmtNaN
Groww Ratingstar
AUM5,499Cr
1Y Returns-12.2%

Tata Retirement Savings Fund Moderate Plan Direct-Growth

Fund Performance: This fund has consistently beaten its benchmark in Retirement segment and provided 8.94% annualized returns in the last 3 years. In the last 1 year, it gave -7.03% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -7.03% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Solution Oriented mutual fund in India.

Fund Manager: Murthy Nagarajan, Sonam Udasi

Launch Date09 Jan 2013
Min Investment AmtNaN
Groww Ratingstar
AUM1,092Cr
1Y Returns-7.0%

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How can you invest in Tata Mutual Funds?

<p>You can invest in <strong>Tata Mutual Fund online</strong> simply by following the few steps mentioned below:</p> <p>Step 1. Log-in to your Groww account or register yourself if you don’t have one.</p> <p>Step 2. Upload your proof of identity documents like Aadhaar, Voter ID, PAN, Driving License, Passport, Central or State Government ID card, etc.).</p> <p>Step 3. Upload your proof of address documents like any identity proof documents with your permanent address, etc.</p> <p>Step 4. Select the period you want to invest your funds.</p> <p>Step 5. Choose your risk appetite - low, mid, or high.</p> <p>Step 6. Select your preferred <strong>Tata Mutual Fund</strong>.</p> <p>Step 7. Click on “Invest One Time” is you want to invest a lump sum amount or “Start SIP” if you want to invest via SIP.</p> <p>The <strong>Tata Mutual Fund in India</strong> you have invested in will appear in your Groww account within 3 to 4 working days.</p>

Top Fund Managers

<p style={{fontSize: 16}}><strong>1. Mr. Akhil Mittal</strong></p> <p>Mr. Akhil Mittal holds a B.Com degree from the Panjab University and an MBA degree from the University Business School.</p> <p>Mr. Mittal was the Assistant Manager at Rallis India Ltd. back in 2004. He became the Senior Manager of Edelweiss Capital Ltd. in 2006. In 2008, he moved to Canara Robeco Mutual Fund as the Fund Manager of Fixed Income. Two years later, he became the Fund Manager of Principal PNB Mutual Fund. He re-joined Canara Robeco Mutual Fund as the Fund Manager of Fixed Income in 2011.</p> <p>Mr. Mittal joined <strong>Tata Mutual Fund</strong> in 2014 as the Senior Fund Manager of Fixed Income. He manages an AuM of Rs. 4,102 invested in 18 schemes including Tata Dynamic Bond, Tata Income Fund, Tata Treasury Advantage, Tata Balanced Advantage Fund, etc.</p> <p style={{fontSize: 16}}><strong>2. Mr. Sonam Udasi</strong></p> <p>Mr.Sonam Udasi holds a Post Graduate Diploma in Business Administration with specialisation in Finance.</p> <p>He joined Prime Securities back in 2007 as the Director of Research. A year later, he became the VP Research and Group Head of Consumers at Brics Securities. In 2010, he was appointed as the Senior Vice President and Head of Research at IDBI Capital.</p> <p>Mr. Udasi joined Tata Asset Management Ltd. in 2014. He manages an AuM of Rs. 12,863 Crore invested in 19 schemes like Tata Banking and Financial Services Fund, Tata India Consumer Fund, Tata Retirement Savings Fund, Tata Equity PE Fund, etc.</p> <p style={{fontSize: 16}}><strong>3. Ms. Ennette Fernandes</strong></p> <p>Ennette Fernandes is a B.Com graduate, holding a PGDM in Finance from the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE).</p> <p>She initially joined Phillip Capital India in 2009 as a Research Analyst on FMCG sector. Ms. Fernandes became the Research Analyst at <strong>Tata Mutual Fund</strong> in 2014. Her areas of concentration were FMCG, textile, consumer durables, retail, media, and building products.</p> <p>She became the Assistant Fund Manager in the company in 2018. Ms. Fernandes manages an AuM of Rs. 6,827 invested in 14 schemes like Tata India Consumer Fund, Tata Retirement Savings Fund Progressive Plan, Tata Large Cap, Tata Midcap, Tata India Tax Savings Fund, etc.</p> <p style={{fontSize: 16}}><strong>4. Mr. Amey Sathe</strong></p> <p>Mr. Amey Sathe holds a B.Com and M.Com degree from the Mulund College of Commerce. He is an MMS in Finance from the SIES College of Management Studies. Mr. Sathe is also a Chartered Financial Analyst from the USA.</p> <p>He was initially an Analyst in Bank of America in 2006. From there, he moved to HDFC Securities as an Analyst of Institutional Equities in 2008. A year later, he joined CARE Ratings where he headed the Credit Ratings of banks, NBFCs, and HFCs. The same year, he became the Assistant Vice President of Equity Research of JM Financial Institutional Securities Ltd.</p> <p>Mr. Sathe joined Tata Asset Management Ltd. as a Research Analyst in 2015. He became an Assistant Fund Manager in 2018. Currently, he manages an AuM of Rs. 5,911 Crore invested in 8 schemes like Tata Banking and Financial Services, Tata Equity PE Fund, Tata Equity PE Fund Dividend Trigger Option A, etc.</p> <p style={{fontSize: 16}}><strong>5. Mr. Rupesh Patel</strong></p> <p>Mr. Rupesh Patel holds a Civil Engineering degree and an MBA degree from the Sardar Patel University.</p> <p>Mr. Patel began his career as a Project Manager at Gujarat State Road Development Corporation Ltd. in 1999. He joined CARE Ratings in 2001 as a Deputy General Manager of Corporate Sector Ratings. In 2007, he became the Assistant Vice President of Investments at IndiaReit Fund Advisors Ltd.</p> <p>Mr. Patel joined <strong>Tata Mutual Fund</strong> as a Deputy General Manager of Investments in 2008. He became the Head of PMS in 2012. A year later, he became a Fund Manager. Mr. Patel manages an AuM of Rs. 4,506 Crore invested in 14 schemes like Tata Large Cap, Tata Midcap, Tata Infrastructure, Tata Ethical, Tata India Tax Savings Fund, etc.</p> <p style={{fontSize: 16}}><strong>6. Mr. Sailesh Jain</strong></p> <p>Mr. Sailesh Jain has a B.Com degree from the Jai Hind College and is an MBA in Finance and Strategy from the Queensland University of Technology.</p> <p>Mr. Jain was the Assistant Vice President of Derivatives at Brics Securities in 2004. He became the Fund Manager of Derivatives at Lotus India Mutual Fund in 2006. In 2008, he joined India Infoline Ltd. (IIFL Ltd.) as the as the Vice President of Derivatives. Two years later, he became the Vice President of Derivatives & Equities at Quant Capital Private Ltd. He joined IDFC Ltd. as the Senior Vice President of Equity Derivatives in 2016.</p> <p>MR. Sailesh Jain joined Tata Asset Management Ltd. as the Fund Manager of Equities in 2018. He currently manages an AuM of Rs. 1,782 Crore invested in 15 schemes like Tata Digital India Fund, Tata Resources & Energy Fund, Tata India Pharma & HealthCare Fund, Tata Equity Savings Fund, etc.</p>

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