Tata Mid Cap Fund Turns 29 Years, SIP of Rs 10,000 Turns Rs 1.42 Cr

Tata Asset Management Private Limited has been managing investments for more than 29 years. One of the largest fund houses in India, TATA Mutual Fund, offers 57 schemes in a variety of categories, including equity, debt, and hybrid mutual funds. Since mutual fund investments are always recommended for long term here we have taken an example of Tata Mid Cap Growth Fund which has completed its 29 years of establishment and hence have turned a SIP of Rs 10,000 into Rs 1.42 Cr. Let's look at the fund details.

Tata Mid Cap Growth Fund

Tata Mid Cap Growth Fund is an open-ended equity scheme predominantly investing in mid cap stocks. The fund was established on July 1, 1994 and hence have turned 29 years of its existence. Satish Chandra Mishra is the fund manager of the scheme managing the fund since 09-Mar-21 and has an overall experience of 15 years. Abhinav Sharma is the assistant fund manager.

The fund is benchmarked against Nifty Midcap 150 TRI and the fund recorded an AUM of Rs. 2025.84 Cr as well as monthly average AUM of Rs Rs. 1947.64 Cr as on 31st May 2023.

Tata Mid Cap Growth Fund recorded portfolio turnover of 68.96% and clocked an expense ratio of 0.97 (Direct) and 2.08 for regular plan.

One can start investing in Tata Mid Cap Growth Fund from Rs. 5,000/- and in multiples of Re. 1/- thereafter. The fund carries an exit load of 1%.

The top 5 equity holdings of the fund are IDFC First Bank, Aia Engineering, Thermax, P.i. Industries and Cummins India whereas the fund holds top 5 sector allocations towards Capital Goods, Financial Services, Chemicals, Automobile And Auto Components and Healthcare.

The market capitalisation wise exposure of the fund remains 16.30% towards large cap, 67.78% towards mid cap and 15.92% towards small cap stocks.

SIP Returns of Tata Mid Cap Growth Fund

Here are the returns of Tata Mid Cap Growth Fund as per the data available on factsheet and returns have been calculated based on (Inception date :01-Jul-1994) (First Installment date : 01-Apr-2004).

Your total invested amount of Rs. 1.20 lakh would have grown to Rs. 1,32 lakh if you started a SIP of Rs. 10,000 one year earlier, considering a return of 19.33%. Considering the return of 18.22%, a SIP of Rs 10,000 made three years ago would have raised your total invested sum of Rs 3.60 lakh to Rs 4.70 lakh. Your total invested amount of Rs 6 lakh would have been Rs 9.52 lakh if a SIP of Rs 10,000 had been started five years earlier, taking into account the return of 18.55%.

If you had begun a SIP with Rs 10,000 seven years before, your total investment would have grown from Rs 8.40 lakh to Rs 15.06 lakh at a return of 16.40%. If you had started SIP of Rs 10,000 10 years ago, then your total amount invested Rs 12 lakh would have turned to Rs 29.55 lakh at a return of 17.17%. Since the fund's inception, if you had begun a SIP of Rs 10,000, your total investment of Rs 23 lakh would have grown to Rs 1.42 Cr with a return of 16.65%.