Tata India Innovation Reg Gr

Diversified

Equity

India Growth

Others

Small Cap

Emotionally driven Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Tata India Innovation Fund Growth focuses on Indian tech companies for growth-oriented investors.

What This Strategy Does

Tata India Innovation Reg Gr is an equity fund which captures India's ₹100+ trillion digital economy opportunity through a multi-cap portfolio construction, deploying capital across financials, consumer cyclicals, and healthcare to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated consistent downside protection across market cycles, outperforming its benchmark in 10 of the past 12 years.

Differentiated Sector Positioning

The fund's differentiated sector positioning, with overweight exposure to consumer cyclicals and financials, coupled with underweight exposure to energy and materials, reflects a conviction view on India's structural growth drivers.

Attractive Valuation Opportunity

The fund's current valuation appears attractive relative to its historical range and peers, potentially offering an entry point for investors seeking exposure to India's innovation-driven growth themes.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Tata India Innovation Reg Gr

Benchmark Index

Benchmark Performance Comparison

Tata India Innovation Fund

NIFTY 50

Risk Profile

Standard Deviation16.7%

Sharpe Ratio0.10

Detailed Risks

Market Risk

Potential recession in India could dampen consumer demand, impacting fund's growth-focused holdings.

Liquidity Risk

High mid-cap allocation could face liquidity stress during market sell-offs, hindering rebalancing.

Concentration Risk

Concentrated sector bets like IT services face margin pressures from rising wages.

Specific Strategy Risk

Regulatory changes to data privacy rules could disrupt business models of tech holdings.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Captures India's innovation-driven growth by investing across market capitalizations. This flexible approach allows the fund to dynamically allocate capital towards emerging disruptors and established leaders fueling the country's economic transformation.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent valuation correction. Consumption and earnings normalization, coupled with a revival in capital expenditure and credit growth, are aligning favorably with the strategy's tilt towards consumer, financial services, and technology sectors. While competitive pressures and margin cyclicality remain risks, the present environment offers an attractive entry point.

Why This Strategy is Attractive Now

The strategy seems well-positioned to capitalize on the current market dynamics. Its balanced exposure across consumer cyclicals, defensives, financials, and technology appears aligned with key beneficiaries of the unfolding recovery. The portfolio's diversification across approximately 70 holdings, including market leaders, coupled with its moderate beta and flexibility, suggests a risk-adjusted approach befitting this phase of the cycle.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across a mix of large and mid-cap market segments.

Why it Makes Sense

This approach aligns with an environment where earnings visibility remains uneven, favoring businesses with pricing power and secular growth drivers, while valuation discipline helps mitigate risks from potential multiple compression.

High-Level Investment Process

Sourcing: The strategy appears to source ideas from a broad investment universe, with a focus on companies demonstrating sustainable competitive advantages, strong management teams, and attractive growth runways. Selection: The selection process suggests a preference for businesses with visible earnings growth, recurring revenue streams, and the ability to compound shareholder value through disciplined capital allocation. Construction: Portfolio construction is consistent with balancing risk exposures through diversification while allowing high-conviction ideas to emerge as meaningful position weights.

Portfolio Holdings Overview

SectoralAllocation

Services20.4%

Technology12.05%

Capital Goods9.19%

Consumers26.01%

Utilities1.41%

Financial Services26.42%

Energy & Infra4.53%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

I) Repo5.63%

ICICI Bank LtdFinancial Services5.16%

HDFC Bank LtdFinancial Services3.82%

Reliance Industries LtdEnergy & Infra3.48%

Axis Bank LtdFinancial Services3.34%

Adani Ports & Special Economic Zone LtdCapital Goods3.06%

Bharti Airtel LtdServices3.02%

Eternal LtdConsumers2.80%

Tech Mahindra LtdTechnology2.69%

Mahindra & Mahindra LtdConsumers2.56%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Meeta Shetty

Mr. Meeta Shetty has experience of 25 years. Manages 18 funds at Tata Asset Management Pvt Ltd with an AUM of approximately ₹1,698 Cr Holds a Bachelor i degree.

26 years

Combined Team Experience

₹ 3,396 Cr

Assets Under Management

Hasmukh Vishariya

Co-Portfolio Manager

Mr. Hasmukh Vishariya has experience of 2 years. Manages 68 funds at Tata Asset Management Pvt Ltd with an AUM of approximately ₹1,698 Cr

CW Expert Take

Tata AMC reflects the group's values-based approach to business. Their investment process emphasizes ESG integration and governance quality alongside financial metrics. The fund house takes measured positions, avoiding excessive concentration while maintaining conviction in quality franchises across equity and credit portfolios.

Investment Philosophy & Approach

Disciplined Approach

Tata AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through robust controls.

Long-Term Perspective

The fund house adopts a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.34%

Regulatory & Tax Information

INF277KA1CR8

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)