Tata Index Fund Sensex Plan A

Tata Index Fund Sensex Plan A is managed by Pradeep Gokhale. The scheme aims to provide medium to long term capital gains, by investing in equity shares of only those companies comprised in the BSE Sensex and in the same proportion as that of the index, regardless of their investment merit. If you have already invested in this scheme, exit now to invest in a better performing scheme. New investors can safely skip this fund. 

Where does Tata Index Fund Sensex Plan A invest your money?

Tata Index Fund Sensex Plan A is an index fund which means most of your money would be invested in stocks of large medium and small size companies comprised in the BSE Sensex and in the same proportion as that of the index. About 99.22% of the fund’s money is allocated to stocks of large size companies and 0.79% is allocated to mid size companies. Large cap companies are stable compared to mid cap and small cap companies yet mid cap stocks are not avoided due to prospects of kicker returns.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
How has Tata Index Fund Sensex Plan A performed in the past?

If you had invested Rs 1 lakh when the fund was launched in March 2003, your value of investments would be around Rs 4.76 lakhs. If you had invested Rs 1 lakh for 5 years, your value of investments would be around Rs 1.11 lakhs. The performance has not been better than or similar to other sector mutual funds. The fund has been giving around 16.36% returns to those who have stayed invested since inception.

Assume you had invested Rs 10,000 every month in Tata Index Fund Sensex Plan A through SIP for 5 years today you would have around Rs 7.47 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within 90 days an exit load of 4% is deducted from your total returns. No exit load applies for units withdrawn post 90 days. Expense ratio of Tata Index Fund Sensex Plan A is 1.84%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.    

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. 

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