Tata Mutual Funds, managed by Tata AMC (Asset Management Company) is a part of Tata group. TATA AMC offers a variety of mutual funds and investment options. It offers a range of investment solutions to investors for financial planning to suit the investors’ goals and risk profile. It offers portfolio management services to high net worth individuals and advisory services to offshore investors and funds investing in India.
They aim at overall excellence, within the framework of transparent and rigorous risk controls. Mr. Rajiv Sabharwal is the Chairman of Tata AMC, while Rahul Singh is the Chief Investment Officer (CIO) of Equities and Murthy Nagarajan heads Debt. It has a track record of 24 years of robust risk management framework based on in-built controls and balances in the management of investment plans. Its core strength stems from its intellectual capital.
Funds Offered by Tata Asset Management Company
The Tata Asset Management philosophy is centered on provision of best mutual funds that seek consistent, long-term results and high mutual fund returns. It provides diverse mutual fund schemes for wealth creation and manages it across the entire risk return spectrum.
Tata Equity Fund
An Equity Mutual Fund invests its assets in equities i.e. listed stock market securities. Tata AMC offers a number of funds investing in stocks of large, mid, small and multi capitalization companies. It comes with plans for various tenures ranging from long term to short term schemes to suit the financial goals and status of different investors. Below are the 5 best Equity Funds by Tata Asset Management Company:
- Tata India Tax Savings Fund
- Tata Banking and Financial Services Fund
- Tata Large Cap & Mid Cap Fund
- Tata Midcap Growth Fund
- Tata Large Cap Fund
Tata Debt Fund
Debt Funds invest a majority of its assets in fixed-income securities such as corporate bonds, sovereign securities, certificates of deposit (CDs), commercial papers and various other debt and money market instruments. Tata Mutual Funds has plenty of funds invested in debt and other related instruments. Some of these are short term funds, beneficial for short term goals like buying a car or so, as these may provide better tax adjusted returns along with capital preservation. While some of the debt funds offer long term financial benefits. Debt funds could also help retirees in providing tax efficient regular cash flows via systematic withdrawal plans. Some of the best Debt Funds by Tata AMC are:
- Tata Dynamic Bond Fund
- Tata Short Term Bond Fund
- Tata Liquid Fund
- Tata Treasury Advantage Fund
- Tata Gilt Securities Fund
Tata Hybrid Fund
Hybrid Mutual Funds diversify its portfolio by investing in a mix of shares and bonds. Conservative Hybrid Fund reduces the overall risk of investment portfolio by its limited exposure to equities while Aggressive Hybrid Fund caters to the requirements of risk takers who expect high returns. Below are some of the Hybrid Funds offered by Tata:
- Tata Retirement Savings Fund – Conservative
- Tata Retirement Savings Fund – Moderate
- Tata Hybrid Equity Funds
- Tata Equity Savings Fund
- Tata Balanced Advantage Fund
Fund Managers at Tata AMC
- Rahul Singh
He is the Chief Investment Officer leading the Equities research and fund management team at Tata AMC. His career spans over 23 years of investment experience and he has worked with some of the most reputed organisations before joining TataMutual Fund in 2018. He is an IIM Lucknow alumnus where he pursued Master of Business Administration in Finance and Financial Management Services.
- Chandraprakash Padiyar
He is one of the Senior Fund Managers at Tata AMC and manages Equity Funds. He comes with 18 years of rich and valuable experience in research and fund management with career start in Equity Research at UTI Mutual Fund. He is an M.B.A. (Finance) from Symbiosis Institute of Business Management affiliated to the University of Pune and has cleared all 3 levels of CFA Program from The CFA Institute, USA.
- Sonam H. Udasi
He is currently the Fund Manager of Equities at Tata AMC. He directly manages many funds and had joined Tata as Head Research backed up with 20 years of experience. Sonam has a Post Graduate Diploma in Business Administration, specializing in Finance.
- Nagarajan Murthy
He is the Head of Fixed Income at Tata Asset Management. He has 21 years of experience in the financial services space. He expertises in debt instruments and has headed Fixed Income at Mirae AMC before his stint at Tata Mutual Funds. Murthy holds a Master of Commerce degree and has completed his PGDBA from Somaiya Institute of Management & Research.
- Akhil Mittal
Akhil Mittal looks after into debt instruments at Tata AMC. He directly manages ultra-short, short and long funds and also Fixed Income Allocation in Hybrid Funds. Akhil Mittal is a B.Com graduate & holds an MBA degree from University Business School.
How to Complete Your Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
How to Invest in Tata Mutual Funds via Paisabazaar.com?
Step 1: On to Paisabazaar.com, select the ‘Mutual Fund’ option
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Canara Robeco Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.