Click here for top ranked funds in sectoral / thematic - technology mutual funds.
However, Scripbox does not recommend investing in sectoral / thematic - technology mutual funds.
This category has few funds and relatively small amounts invested in them.
The benchmark IT Index has performed moderately well over time, however, funds in this category have underperformed the benchmark index.Investing in these funds will require investors to have a unique insight into the specific areas of investment focus.In addition the investor will need to have the ability,inclination and expertise to monitor the prospects closely.Investors are therefore better off investing in diversified funds rather than this category.
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Scheme Information
Investment Objective
The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology 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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Tata Asset Management Limited manages assets worth 65,709 crores and was set up on 15 March 1994. It's current offering of mutual fund schemes includes 56 equity,83 debt and 21 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A)
About Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A)
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) is a sectoral / thematic - technology equity fund and has delivered an annualised return of 19.9% over a period of 6 years .The fund was previously known as Tata Digital India Reg DR.The fund is managed by Tata Asset Management Limited.The fund managers are Meeta Shetty, Rahul Singh, Sailesh Jain, Venkat Samala
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) Investment Objective
The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology 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. However, there is no assurance that the objective of the scheme will be realized.
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) NAV,AUM,Risk
The Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) fund was launched on Dec 28, 2015. The NAV (Net Asset Value) of this sectoral / thematic - technology equity as of 2021-05-11 is ₹ 26.5336. The total AUM (Asset Under Management) of the fund as of 2021-05-12 is ₹ 1283.927. The category risk of the Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) fund is Very High Risk.
The fund charges 2.36 % as expense ratio.
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) Holdings
The fund’s highest allocation is towards equity and has invested 96.4% in this asset class. The top three holdings of the fund are infosys ltd,tata consultancy services ltd and hcl technologies ltd shs dematerialised
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE IT TR INR
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) Review
Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) has a score of 3 on a scale of 5. The fund scores 3 out of 5 based on historical performance. As compared to the other funds in its category, Tata Digital India Fund of Income Distribution cum Capital Withdrawal (RIDCW-A) has a score of 3 out of 5.
Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.
