Tata Ethical Fund
(An open ended equity scheme following Shariah principles)
As on 30th June 2024 PORTFOLIO
INVESTMENT STYLE No. of Market Value % of No. of Market Value % of
Company name Company name
An equity scheme which invests primarily in equities of Shares Rs. Lakhs Assets Shares Rs. Lakhs Assets
Shariah compliant companies and other instrument if Equity & Equity Related Total 274443.93 97.43 IT - Software
allowed under Shariah principles. Agricultural Food & Other Products Infosys Ltd. 1430000 22404.53 7.95
Tata Consumer Products Ltd. 250000 2743.63 0.97 Tata Consultancy Services Ltd. 362620 14157.23 5.03
INVESTMENT OBJECTIVE Auto Components HCL Technologies Ltd. 602000 8786.79 3.12
Motherson Sumi Wiring India Ltd. 4740000 3569.69 1.27 Tech Mahindra Ltd. 385000 5506.85 1.95
To provide medium to long- term capital gains by investing Zf Commercial Vehicle Control Systems India Ltd. 20700 3219.10 1.14 Kpit Technologies Ltd. 244034 3989.35 1.42
in Shariah compliant equity and equity related instruments Uno Minda Ltd. 292100 3189.88 1.13 Ltimindtree Ltd. 65004 3500.50 1.24
of well-researched value and growth - oriented companies. Schaeffler Ltd. 61000 2891.71 1.03 Tata Elxsi Ltd. 48000 3360.67 1.19
Tata Ethical Fund aims to generate medium to long term MRF Ltd. 1950 2524.45 0.90 Mphasis Ltd. 120000 2947.86 1.05
Sundram Fasteners Ltd. 162000 2191.94 0.78 Zensar Technologies Ltd. 148943 1113.13 0.40
capital growth by investing in equity and equity related Cement & Cement Products Industrial Products
instruments of shariah compliant companies. Ambuja Cements Ltd. 1080000 7238.70 2.57 Cummins India Ltd. 262000 10393.15 3.69
Ultratech Cement Ltd. 46100 5378.90 1.91 Carborundum Universal Ltd. 388000 6478.63 2.30
DATE OF ALLOTMENT Chemicals & Petrochemicals Supreme Industries Ltd. 63000 3752.22 1.33
May 24,1996 Srf Ltd. 139174 3390.35 1.20 Astral Ltd. (Erstwhile Astral Poly Technik Ltd.) 113777 2708.80 0.96
Linde India Ltd. 36650 3041.66 1.08 Non - Ferrous Metals
FUND MANAGER Navin Fluorine International Ltd. 81000 2895.14 1.03 National Aluminium Co. Ltd. 1550000 2900.21 1.03
Consumer Durables Personal Products
Abhinav Sharma (Managing Since 06-Sep-21 and overall Havells India Ltd. 331672 6044.39 2.15 Godrej Consumer Products Ltd. 305000 4196.34 1.49
Voltas Ltd. 300000 4416.60 1.57 Emami Ltd. 600000 4135.80 1.47
experience of 22 years) Cera Sanitaryware Ltd. 30200 2622.34 0.93 Colgate-Palmolive India Ltd. 132020 3753.53 1.33
Century Plyboards (India) Ltd. 320000 2443.36 0.87 Petroleum Products
BENCHMARK Asian Paints (India) Ltd. 82000 2391.98 0.85 Castrol India Ltd. 1026343 2058.95 0.73
Nifty 500 Shariah TRI Relaxo Footwears Ltd. 240000 1985.52 0.70 Pharmaceuticals & Biotechnology
Diversified Alkem Laboratories Ltd. 119273 5953.33 2.11
3M India Ltd. 6500 2392.28 0.85 Dr Reddys Laboratories Ltd. 63000 4033.48 1.43
NAV Diversified Fmcg Sun Pharmaceutical Industries Ltd. 241615 3674.60 1.30
Hindustan Unilever Ltd. 439000 10856.69 3.85 Aurobindo Pharma Ltd. 300000 3622.80 1.29
Direct - Growth : 451.0671 Electrical Equipment Cipla Ltd. 235000 3479.88 1.24
Direct - IDCW : 247.6202 Siemens Ltd. 126000 9707.67 3.45 Ipca Laboratories Ltd. 289653 3272.21 1.16
Bharat Heavy Electricals Ltd. 2050000 6167.43 2.19 J.B.Chemicals & Pharmaceuticals Ltd. 147000 2579.34 0.92
Reg - Growth : 400.2950
Fertilizers & Agrochemicals Sanofi India Ltd. 22295 1449.18 0.51
Reg - IDCW : 163.1521 Sumitomo Chemical India Ltd. 897200 4306.56 1.53 Sanofi Consumer Healthcare India Ltd. 22295 793.61 0.28
Pi Industries Ltd. 105000 3988.69 1.42 Retailing
Gujarat State Fertilizers &Chem Ltd. 968331 2347.23 0.83 Avenue Supermarts Ltd. 73000 3443.23 1.22
FUND SIZE Food Products Telecom - Services
Nestle India Ltd. 115000 2934.40 1.04 Indus Towers Ltd. 900000 3377.70 1.20
Rs. 2817.12 (Rs. in Cr.) Gas Textiles & Apparels
Petronet Lng Ltd. 1293000 4270.13 1.52 Page Industries Ltd. 9000 3518.94 1.25
MONTHLY AVERAGE AUM Gujarat Gas Ltd. 580000 3645.01 1.29 K.P.R. Mill Ltd. 310882 2742.45 0.97
Gujarat State Petronet Ltd. 840000 2491.02 0.88
Rs. 2733.13 (Rs. in Cr.) Gail ( India ) Ltd. 1000000 2195.50 0.78
Portfolio Total 274443.93 97.43
Healthcare Services
TURN OVER Dr. Lal Path Labs Ltd. 134257 3733.28 1.33 Cash / Net Current Asset 7268.20 2.57
Syngene International Ltd. 270000 1917.00 0.68 Net Assets 281712.13 100.00
Portfolio Turnover (Equity component only) 14.88% IT - Services
Cyient Ltd. 175635 3226.41 1.15
EXPENSE RATIO**
Direct 0.72
Regular 1.95
**Note: The rates specified are actual month end expenses charged
SIP - If you had invested INR 10000 every month
as on Jun 28, 2024. The above ratio includes the Service tax on 1 Year 3 Year 5 Year 7 Year 10 Year Since Inception
Investment Management Fees. The above ratio excludes, borrowing
cost, wherever applicable. Total Amount Invested (Rs.) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 33,40,000
VOLATILITY MEASURES^ FUND BENCHMARK Total Value as on Jun 30, 2024 (Rs.) 1,42,732 4,91,781 10,57,185 16,74,352 28,15,232 7,37,00,030
Std. Dev (Annualised) 12.76 13.79 Returns 37.48% 21.45% 22.91% 19.39% 16.28% 18.09%
Sharpe Ratio 0.75 0.68 Total Value of B: Nifty 500 Shariah TRI 1,45,957 5,00,475 10,83,699 17,32,883 30,94,866 99,05,337
Portfolio Beta 0.87 NA
R Squared 0.93 NA B: Nifty 500 Shariah TRI 43.08% 22.72% 23.94% 20.36% 18.04% 15.81%
Treynor 0.92 NA Total Value of AB: Nifty 50 TRI 1,39,257 4,80,656 9,96,003 15,75,622 27,33,452 2,76,75,790
Jenson 0.12 NA
AB: Nifty 50 TRI 31.52% 19.80% 20.44% 17.68% 15.73% 15.02%
^Risk-free rate based on the FBIL Overnight MIBOR rate
of 6.86% as on Jun 28, 2024 (Inception date :24-May-1996) (First Installment date : 01-Sep-1996)
For calculation methodology please refer to Pg 96 Past performance may or may not be sustained in the future. Returns greater than 1 year period are compounded annualized. Income Distribution cum capital withdrawals
are assumed to be reinvested and bonus is adjusted. Load is not taken in to consideration. For SIP returns, monthly investment of equal amounts invested on the 1st day
MINIMUM INVESTMENT/
of every month has been considered.
MULTIPLES FOR NEW INVESTMENT
For scheme performance refer pages 79 - 94.
Rs. 5,000/- and in multiples of Re. 1/- thereafter. *B: Benchmark, AB: Additional Benchmark; For Scheme Risk-O-Meter and Scheme Benchmark Risk-O-Meter please refer page number 95 of Factsheet.
ADDITIONAL INVESTMENT/ Source: MFI Explorer
MULTIPLES FOR EXISTING INVESTORS
Rs. 1,000/- and multiples of Re. 1/- thereafter. Top 10 Holdings Equity Sector Allocation
LOAD STRUCTURE Issuer Name % to NAV Information Technology 24.49%
Capital Goods 13.92%
Entry Load : Not Applicable Infosys Ltd. 7.95 Healthcare 12.25%
Tata Consultancy Services Ltd. 5.03 Fast Moving Consumer Goods 10.16%
Exit Load : 0.50% of NAV if redeemed/switched out
on or before 90 days from the date of Hindustan Unilever Ltd. 3.85 Chemicals 7.09%
Consumer Durables 7.07%
allotment. Cummins India Ltd. 3.69 Automobile And Auto Components 6.24%
Please refer to our Tata Mutual Fund website for
Siemens India Ltd. 3.45 Oil Gas And Consumable Fuels 5.20%
HCL Technologies Ltd. 3.12 Construction Materials 4.48%
fundamental changes, wherever applicable Textiles 2.22%
Ambuja Cements Ltd. 2.57 Consumer Services 1.22%
Carborundum Universal Ltd. 2.30 Telecommunication 1.20%
Bharat Heavy Electricals Ltd. 2.19 Metals And Mining 1.03%
Diversified 0.85%
Havells India Ltd. 2.15
Total 36.30 0.00% 6.00% 12.00% 18.00% 24.00% 30.00%
Market Capitalisation wise Exposure NAV Movement
Large Cap 47.08% 160 Tata Ethical Fund - Reg - Growth Nifty 500 Shariah TRI
Mid Cap 35.08% 146
132
Small Cap 17.83% 118
104
90
Market Capitalisation is as per list provided by AMFI.
Jun-21 Jun-22 Jun-23 Jun-24
www.tatamutualfund.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully TATA MUTUAL FUND 45
