MonitorDirect · GrowthWatch before adding
Tata Short Term Fund
Tata Mutual FundIncome/Debt Oriented Schemes - Short Term Fund13.8 years
The scheme seeks to generate regular income/appreciation over a short term period.
- NAV
- 56.3286
- 28 Oct 2026
- 1Y
- +4.1%
- Trailing CAGR
- AUM
- ₹2,911.82 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Groww Short Term Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.37% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -5.1%. Ask whether you can hold through a similar fall.
Vs category
Fail
26% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Dhawal Joshi · 0.4 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 44.4% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+4.1%
- 3Y+7.0%
- 5Y+6.2%
- 10Y+6.3%
- SI+7.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.9%
- 3Y+5.9%
- 5Y+6.5%
- 10Y+6.4%
- Since inception
- +7.3%
- Calendar-day CAGR
- Excess 1Y
- -0.3%
- Category median, same plan and option
- 3Y win rate
- +26%
- Windows beating the median
- 3Y percentile
- 6
- Vs comparable share classes
- SIP 3Y XIRR
- +5.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.8%
- 2605 daily-ending windows
- Median rolling 3Y
- +6.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2122 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -5.1%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 49 days
- Days below latest peak
- Time below peak
- +45%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 310 recovered episodes
- Longest recovery
- 203 days
- Trough to prior peak
3 Sept 2018 – 20 May 2019
Trough 29 Oct 2018 · recovered in 203 days
-5.1%
6 Mar 2020 – 31 Mar 2020
Trough 24 Mar 2020 · recovered in 7 days
-2.8%
11 Jul 2013 – 10 Sept 2013
Trough 19 Aug 2013 · recovered in 22 days
-1.7%
8 Jan 2021 – 22 Apr 2021
Trough 15 Mar 2021 · recovered in 38 days
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
6
Vs category
48
Consistency
33
Risk-adjusted
68
Drawdown
87
Mean
49
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 43 holdings · top 10 are 44.4%.
- Top 5
- 24.8%
- Top 10
- 44.4%
- Largest holding
- 5.9%
- Effective holdings
- 30.0
Canara Bank (10/02/2027) **#
Financial
5.9%
EXPORT IMPORT BANK OF INDIA SR Z01 7.45 BD 12AP28 FVRS1LAC
Financial
5.1%
POWER FINANCE CORPORATION LIMITED SR 259A 6.96 BD 02MR28 FVRS1LAC
Financial
4.8%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC
Financial
4.7%
MINDSPACE BUSINESS PARKS REIT SR 11 7.54 NCD 18FB28 FVRS1LAC
Real Estate
4.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Groww Short Term Fund
Groww Mutual Fund
- 1Y
- +4.9%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -1.2%
- Sharpe
- 1.52
- 3Y win
- +33%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.4%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.59
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Sundaram Short Term Fund (Formerly Known as Sundaram Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -0.7%
- Sharpe
- 0.79
- 3Y win
- +43%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Short Term Fund
Axis Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.5%
- Max DD
- -2.6%
- Sharpe
- 1.45
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Bandhan Short Term Fund
Bandhan Mutual Fund
- 1Y
- +5.5%
- 3Y
- +7.6%
- Vol
- 1.4%
- Max DD
- -2.5%
- Sharpe
- 1.28
- 3Y win
- +38%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER