Tata Mutual Fund
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Tata Banking & Financial Services Fund

Tata Banking Financial Services Fund

The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies in the banking and financial services sector in India viz:

  • Banks
  • NBFCs
  • MFIs, etc

The Indian economy stands at a critical juncture of its evolution. There are expectations of rapid growth, inclusive growth, wealth creation, trickle down of wealth, plenty of jobs, better living standards, quality infrastructure & access to basic banking facilities. We see the consumer lending space in India as a huge opportunity for the organized lenders (banks & NBFCs). Unlike in the past, the coming round of growth will likely be driven by multiple engines as Banks/NBFCs have developed diverse product lines (including multiplicity of secured lending options). Overall, we believe that select banks & NBFCs will be able to leverage their expertise & established market positions to grow their retail loan books faster than the market projections. Consumer debt levels in India are also significantly below those seen in other emerging & developed economies, suggesting this will remain an important growth driver for the Indian banking system in the coming years.

Tata Banking & Financial Services Fund is an open-ended equity fund that predominantly invests in equity & equity related instruments of companies from Banking & Financial services.

Asset Allocation

Under normal circumstances, funds of the Scheme, shall (after providing for all ongoing expenses) be invested as per the indicative asset allocation pattern as given below:

Instruments Indicative Allocation (% of Total Assets) Risk Profile
Minimum Maximum
Equity & equity related instruments^ of companies in the Banking & Financial Services Sector in India 80% 100% High
Debt, Cash & Money Market Securities #
0% 20% Low to Medium

Fund Manager will follow the AMFI sector classification (i.e. Financial Services Sector) for deciding the investment universe for the scheme.

^ The Scheme will comply with all the applicable circulars issued by SEBI as regard to derivatives viz. SEBI Circular no. SEBI/MFD/CIR No. 03/158/03 dated June 10, 2003, no. DNPD/Cir-29/2005 dated September 14, 2005, no. SEBI/IMD/CIR No. 9/108562/07 dated November 16, 2007, no. Cir/IMD/ DF/ 11/ 2010 dated August 18, 2010. The cumulative gross exposure to equity, equity related instruments, debt, money market instruments & derivatives shall not exceed 100% of the net assets of the scheme. The exposure to derivatives will not exceed 50% of the net assets of the scheme.

The scheme does not seek to invest in securitized debt. The scheme does not seek to invest in foreign securities. The Scheme does not seek to participate in repo/reverse repo in corporate debt securities. The Scheme does not seek to participate in credit default swaps. The Scheme may engage in short selling of securities in accordance with the framework relating to short selling & securities lending & borrowing specified by SEBI.

Not more than 20% of the net assets of the scheme can be deployed in stock lending. The scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of 5% of the total net assets of the scheme at the time of lending.

Due to market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short term purpose only for defensive considerations & such deviation shall be subjected to 30 days rebalancing period.

For detailed information kindly refer the Scheme Information Document.

Who should invest / Key Attributes
  • Ideal for Investors:
    • Looking to participate in potential Capital appreciation opportunities in Banking & Financial Services sector benefiting from Indian economic growth.
    • Investors with higher risk profile looking to invest in a theme oriented Scheme.
  • Key Attributes:
    • Invests in fundamentally strong companies from Banking & Financial Sector.
    • Benefits of Multiple Fund Managers as the Fund is managed by a ‘Lead Fund Manager’ and supported additionally by one or more Fund Managers in the portfolio management process.
Fund Manager

Sonam Udasi

Sonam UdasiSonam Udasi - backed with 22 years of his expertise in Equities Research is presently the Senior Fund Manager for many of the equity schemes at Tata Asset Management, since April 2016.

Sonam joined Tata Asset Management as Head Research in April 2014. He has also served as the Principal Officer for the Portfolio Management Services vertical of Tata Asset Management.

Prior to joining Tata Asset Management, Sonam headed the Research Team at IDBI Capital Market Services Ltd. for 4 years. During this tenure, IDBI Capital Research Team was rated as No. 3 "Top Most Award Winning Team" by Thomson Reuters Starmine Awards for Excellence for Fiscal Year 2013.

He started his career as an Analyst with the Quantum Group headed by Ajit Dayal, building expertise in sectors like Consumer Staples, Retail, Media, Pharma and Utilities.

He later joined JM Financial AMC as Senior Analyst reporting to the CIO. Apart from this, he has also worked with erstwhile ASK Raymond James and BRICS Securities (Head – Consumer Vertical).

Sonam has a Post Graduate Diploma in Business Administration, specializing in Finance.

Amey Sathe: Assistant Fund Manager

With over 13 years of industry experience, Amey Sathe is the Assistant Fund Manager for Tata Banking and Financial Services Fund and Tata Equity P/E Fund since June 2018.

Amey joined Tata Asset Management Ltd in May 2015 as Research Analyst, tracking Banking & Financial Services sectors and reporting to Chief Investment Officer - Equities.

His previous endeavors include services with JM Financial Institutional Securities Ltd as

Assistant Vice President Equity Research from October 2009 to May 2018 and HDFC Securities in Equity research from June 2008 to March 2009, tracking similar sectors.

Amey is a Chartered Financial Analyst, USA and has completed his Masters of Management Studies from University of Mumbai

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Scheme Information

The investment objective of the Scheme is to provide long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services Sector in India.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Nature of the Scheme:

An open-ended equity scheme investing in Banking & Financial Services Sector.

Options / Plan
Regular Plan (Routed through Distributor)
  • - Growth
  • - Dividend
Direct Plan
  • - Growth
  • - Dividend
Entry Load
Not Applicable
Exit Load

0.25% of NAV if redeemed on or before expiry of 3 months from the date of allotment.

Min. Purchase Amount
5, 000/- & in multiple of 1/- thereafter.
Min. Additional Purchase Amt.
1, 000/- & in multiple of 1/- thereafter.
Min. Redemption Amt. / Units*
500/- or 50 units.
Systematic Investment Plan
Frequency No. of Installments Min. Installment Amt.
Daily / Weekly / Monthly 12 150/-
Monthly 6 1,000/-
Quarterly 6 1,000/-
4 1,500/-
Systematic Withdrawal Plan




Monthly / Quarterly

Min.Withdrawal Amt.


*There is no minimum amount requirement in case unitholder is opting for an all units switch.

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