Tata Short Term Fund NAV Hits ₹29.92: Moderate Risk Investment

The Tata Short Term Fund Direct-IDCW, an open-ended short duration debt scheme from Tata Mutual Fund, registered a Net Asset Value (NAV) of ₹29.92 for its IDCW option of the Direct plan as of August 28, 2026.

Launched on February 24, 2015, the fund aims to generate regular income and capital appreciation over a short-term investment horizon. It is benchmarked against the CRISIL Short Duration Debt A-II Index and carries a moderate risk profile.

Key Fund Metrics

• NAV (August 28, 2026): ₹29.92
• Assets Under Management (July 31, 2026): ₹2,941.40 crore
• Expense Ratio (Direct Plan): 0.37%
• Inception Return: 7.44%
• Minimum Lumpsum Investment: ₹5,000
• Minimum SIP Investment: ₹500

The fund’s performance metrics show varying returns across different timeframes. Its trailing returns reflect the short duration debt category’s characteristics.

Trailing Returns Overview

• 1-Year Return: 5.52%
• 3-Year Return: 7.26%
• 5-Year Return: 6.33%

The portfolio’s average maturity stands at 2.45 years, with a duration of 2.00034248 years. There is no exit load associated with the fund.

Fund Management & Portfolio Dynamics

The fund is currently managed by Amit Somani, who has been at the helm since June 2025, and Dhawal Joshi, who joined the management team in June 2026.

Understanding Tax Implications

Capital gains from investments made post-April 1, 2023, are taxed at the investor’s applicable slab rate. For investments prior to April 1, 2023, short-term gains within three years are taxed at the slab rate.

• Long-Term Gains (Pre-April 1, 2023): 20% with indexation benefit after three years.
• Dividend Income: Added to investor’s income and taxed accordingly.
• TDS on Dividends: 10% for amounts exceeding ₹5,000.

The Tata Short Term Fund Direct-IDCW continues to offer investors an avenue for income generation and appreciation within the short duration debt segment, aligning with its moderate risk classification.