Tata Balanced Fund Becomes Tata Hybrid Equity Fund - What Has Actually Changed?
Tata Balanced Fund has been renamed to Tata Hybrid Equity Fund as the balanced category of equity mutual funds has been renamed to aggressive hybrid category according to the norms of SEBI. The fund is old and comes from a prestigious AMC, but the recent performance of the fund has concerned a lot of investors about the future prospect. Though, experts believe the fund has a good future and can bounce back like the good old days. This equity oriented aggressive hybrid fund has assets under management of Rs 5,163 crore as on 30th June 2018. The fund is provided by Tata Mutual Fund which is a prominent mutual fund house in India. Invest in this fund today through MySIPonline and get the best investment experience in mutual funds.
Tata Hybrid Equity Fund (G) at a Glance
The fund is highly oriented towards equity instruments due to which it has faced heavy downfalls in the recent years. It aims to provide long-term capital gain and enhancement in the monthly income and has successfully produced an annualised return of 16% in the last 5 years and 14.03% in 10 years. The benchmark VR Balanced TRI has shown 12.94% and 10.18% for 5 and 10 years respectively. Since its inception in October 1995, it has generated 15.73% annualised returns. (data as of 23rd July 2018)
Fund Managers
The fund is managed by two senior fund managers at Tata Mutual Fund
Murthy Nagarajan: He has been operating the scheme since April 2017. He is an M.Com, ICWA and PGPMS. Before joining Tata AMC, he has worked with Quantum AMC as the head of fixed income, Mirae Asset Global Investment India Ltd.
Pradeep Gokhale: He is a B.Com(H), CA and CFA. He has been managing the scheme since April 2016. He was previously associated with Credit Analysis and Research Ltd. He also manages Tata Ethical Fund since January 2012.
Portfolio Allocation
The fund managers generally invest 75% of the corpus in equity instruments and 25% in debt instruments. Out of the equity allocated corpus, the majority is invested in the banking and finance sector. HDFC Bank, TCS, Reliance, Maruti Suzuki, and Larsen are the top holders. The fund managers mostly target Large-cap companies. Tata Hybrid Equity Fund also influences automotive, technology, oil & gas, and engineering sectors. The debt instruments are debentures, government loans and securities, commercial papers, and certificate of deposits of AAA and A1+ ratings. (data as of 23rd July 2018)
Tata Hybrid Equity Fund Growth can be accessed through the SIP as well as lumpsum investment with a minimum initial amount of Rs 5000. It is suitable for the investors who seek reasonable returns through large-cap equities along with stability through debt instruments. It is ideal for the long-term investment with a low-risk factor involved. Connect with the official website of MySIPonline to invest in this fund or to get the latest details of the fund. The financial experts available can guide an investor throughout the investment process with valuable suggestions.