This version of the fund efficiency report seems at Tata Massive & Mid Cap Fund. Though launched in March 1993 as Tata Fairness Alternatives Fund, the fund presently solely has an AUM of Rs. 3641 Crores.
After the SEBI MF categorization guidelines kicked in, Tata AMC merged Tata Fairness Alternatives Fund with Tata Dividend Yield Fund and renamed it Tata Massive and Mid cap Fund (from Might 2018). Additional, from Jan 2020, the fund’s benchmark was modified from S&P BSE 200 TRI to Nifty LargeMidcap 250 TRI.
Disclaimer: Fund efficiency stories current return and threat evaluation of a fund with consultant benchmarks and never funding suggestions. It have to be expressly understood that the information under mirror solely previous efficiency and is under no circumstances a sign of future efficiency. Our funding suggestions are Handpicked Listing of Mutual Funds (PlumbLine).
As one can see from the market cap allocation historical past, the fund doesn’t draw back from holding 30-40% of mid cap shares now and again.
We learn how constantly the Tata Massive and Midcap Fund has carried out wrt Nitfy 200 index and Nify Largemidcap 250 TRI. We are going to use three metrics to investigate efficiency consistency versus benchmarks. Evaluation corresponding to this may be discovered for 350+ fairness funds in our month-to-month fairness mutual fund screener.
1 Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each potential 3Y,4Y, and 5Y interval from 1st Jan 2013. Increased the outperformance consistency, the higher. Suppose 876 fund returns have been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 occasions. The consistency rating will probably be 675/876 ~ 77%.
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| No of rolling return entries Index (3 Years) | 1730 | 1742 |
| No of rolling return entries Fund (3 years) | 1730 | 1742 |
| No of occasions the fund has outperformed the index (3 years) | 1279 | 814 |
| rolling return outperformance Consistency Rating (3 years) | 74% | 47% |
| No of rolling return entries Index (4 Years) | 1498 | 1498 |
| No of rolling return entries Fund (4 years) | 1498 | 1498 |
| No of occasions the fund has outperformed the index (4 years) | 1221 | 603 |
| rolling return outperformance Consistency Rating (4 years) | 82% | 40% |
| No of rolling return entries Index (5 Years) | 1252 | 1252 |
| No of rolling return entries Fund (5 years) | 1252 | 1252 |
| No of occasions the fund has outperformed the index (5 years) | 975 | 464 |
| rolling return outperformance Consistency Rating (5 years) | 78% | 37% |
Sadly, Tata Massive and Midcap Fund has constantly underperformed its personal alternative of benchmark Nifty Largemidcap 250 TRI.
2 Upside efficiency consistency over each potential 1Y,2Y,3Y,4Y, 5Y: Increased the higher. A rating of 70% means, 7 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark was transferring up. It is a measure of reward. It’s computed from rolling upside seize information (see hyperlink under).
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| upside efficiency consistency (3 years) | 29% | 2% |
| upside efficiency consistency (4 years) | 24% | 0% |
| upside efficiency consistency (5 years) | 10% | 0% |
The shortage of upside efficiency is typical in lots of funds.
3 Draw back efficiency consistency over each potential 1Y, 2Y, 3Y,4Y, and 5Y. Increased, the higher. A rating of 60% means 6 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark was transferring down. It is a measure of threat safety. It’s computed from rolling draw back seize information. Learn extra: An introduction to Draw back and Upside Seize Ratios.
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| draw back safety consistency (3 years) | 100% | 91% |
| draw back safety consistency (4 years) | 100% | 96% |
| draw back safety consistency (5 years) | 100% | 100% |
The draw back efficiency is there, however meaning little if the fund doesn’t beat the benchmark it most well-liked over a standard capitalization-weighted index just like the BSE 200 or Nifty 200. The Nifty Largemidcap 20 has 50% of huge cap shares and 50% of mid cap shares. So when the mid cap shares surge, it could be tough for giant and mid-cap funds to beat it. On the similar time, such funds would fall decrease than the index.
Sadly, we can not deliver ourselves to advocate Tata Massive and Midcap Fund. The identical is true for a lot of different funds within the class as properly: Can I take advantage of a big and mid cap fund as an alternative of an index fund?
Do share this text with your mates utilizing the buttons under.
🔥Get pleasure from huge reductions on our programs and robo-advisory software! 🔥
Use our Robo-advisory Excel Instrument for a start-to-finish monetary plan! ⇐ Greater than 1000 traders and advisors use this!
- Comply with us on Google Information.
- Do you’ve gotten a remark concerning the above article? Attain out to us on Twitter: @freefincal or @pattufreefincal
- Be part of our YouTube Neighborhood and discover greater than 1000 movies!
- Have a query? Subscribe to our e-newsletter with this type.
- Hit ‘reply’ to any electronic mail from us! We don’t provide customized funding recommendation. We will write an in depth article with out mentioning your identify if in case you have a generic query.
Discover the positioning! Search amongst our 2000+ articles for data and perception!
About The Writer
Dr M. Pattabiraman(PhD) is the founder, managing editor and first creator of freefincal. He’s an affiliate professor on the Indian Institute of Expertise, Madras. He has over 9 years of expertise publishing information evaluation, analysis and monetary product growth. Join with him through Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You will be wealthy too with goal-based investing (CNBC TV18) for DIY traders. (2) Gamechanger for younger earners. (3) Chinchu Will get a Superpower! for teenagers. He has additionally written seven different free e-books on numerous cash administration matters. He’s a patron and co-founder of “Price-only India,” an organisation for selling unbiased, commission-free funding recommendation.
Our flagship course! Study to handle your portfolio like a professional to attain your targets no matter market circumstances! ⇐ Greater than 3000 traders and advisors are a part of our unique group! Get readability on plan on your targets and obtain the required corpus it doesn’t matter what the market situation is!! Watch the primary lecture without spending a dime! One-time fee! No recurring charges! Life-long entry to movies! Scale back worry, uncertainty and doubt whereas investing! Discover ways to plan on your targets earlier than and after retirement with confidence.
Our new course! Enhance your revenue by getting folks to pay on your expertise! ⇐ Greater than 700 salaried workers, entrepreneurs and monetary advisors are a part of our unique group! Discover ways to get folks to pay on your expertise! Whether or not you’re a skilled or small enterprise proprietor who desires extra shoppers through on-line visibility or a salaried particular person wanting a aspect revenue or passive revenue, we are going to present you obtain this by showcasing your expertise and constructing a group that trusts you and pays you! (watch 1st lecture without spending a dime). One-time fee! No recurring charges! Life-long entry to movies!
Our new e-book for teenagers: “Chinchu will get a superpower!” is now accessible!
Most investor issues will be traced to an absence of knowledgeable decision-making. We have all made dangerous selections and cash errors after we began incomes and spent years undoing these errors. Why ought to our youngsters undergo the identical ache? What is that this e-book about? As mother and father, what wouldn’t it be if we needed to groom one capability in our youngsters that’s key not solely to cash administration and investing however to any facet of life? My reply: Sound Choice Making. So on this e-book, we meet Chinchu, who’s about to show 10. What he desires for his birthday and the way his mother and father plan for it and train him a number of key concepts of resolution making and cash administration is the narrative. What readers say!
Should-read e-book even for adults! That is one thing that each mother or father ought to train their children proper from their younger age. The significance of cash administration and resolution making based mostly on their desires and wishes. Very properly written in easy phrases. – Arun.
Purchase the e-book: Chinchu will get a superpower on your baby!
Easy methods to revenue from content material writing: Our new book for these desirous about getting aspect revenue through content material writing. It’s accessible at a 50% low cost for Rs. 500 solely!
Need to examine if the market is overvalued or undervalued? Use our market valuation software (it would work with any index!), otherwise you purchase the brand new Tactical Purchase/Promote timing software!
We publish month-to-month mutual fund screeners and momentum, low volatility inventory screeners.
About freefincal & its content material coverage Freefincal is a Information Media Group devoted to offering unique evaluation, stories, opinions and insights on mutual funds, shares, investing, retirement and private finance developments. We achieve this with out battle of curiosity and bias. Comply with us on Google Information. Freefincal serves greater than three million readers a 12 months (5 million web page views) with articles based mostly solely on factual data and detailed evaluation by its authors. All statements made will probably be verified from credible and educated sources earlier than publication. Freefincal doesn’t publish any paid articles, promotions, PR, satire or opinions with out information. All opinions offered will solely be inferences backed by verifiable, reproducible proof/information. Contact data: letters {at} freefincal {dot} com (sponsored posts or paid collaborations won’t be entertained)
Join with us on social media
Our publications
You Can Be Wealthy Too with Objective-Primarily based Investing
Printed by CNBC TV18, this e-book is supposed that will help you ask the fitting questions and search the proper solutions, and because it comes with 9 on-line calculators, you can even create customized options on your way of life! Get it now.
Gamechanger: Overlook Startups, Be part of Company & Nonetheless Dwell the Wealthy Life You Need
This e-book is supposed for younger earners to get their fundamentals proper from day one! It should additionally assist you journey to unique locations at a low value! Get it or present it to a younger earner.Your Final Information to Journey
That is an in-depth dive evaluation into trip planning, discovering low cost flights, finances lodging, what to do when travelling, and the way travelling slowly is best financially and psychologically with hyperlinks to the online pages and hand-holding at each step. Get the pdf for Rs 300 (instantaneous obtain)