Tata Ethical Fund
ThematicVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹361.55+0.12%1 day
- Return since launch
- 15.4%
- 52-week range
- ₹334.69 — ₹395.95
- AUM
- ₹3,619 Cr
Tata Ethical Fund is a Thematic equity fund from Tata Mutual Fund with ₹3,619 Cr under management, launched in 1996. Over three years it has returned -1.9% a year, against 11.1% for its category. The expense ratio is 1.97% and the SEBI riskometer reading is Very High.
Performance
Tata Ethical Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.3% against -5.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.9% | −4.2 pts | 2.3% | 2.2% |
| 2Y | -2.9% | −9.0 pts | 6.1% | -0.7% |
| 3Y | -1.9% | −13.1 pts | 11.1% | -0.6% |
| 5Y | 3.4% | −5.6 pts | 9.1% | 5.2% |
| 7Y | 8.0% | −5.3 pts | 13.4% | 9.2% |
| 10Y | 9.8% | −2.0 pts | 11.7% | 9.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.6% | +0.4 pts | 6.2% | 6.4% |
| 3M | -3.5% | −2.0 pts | -1.5% | -1.9% |
| 6M | -0.6% | −4.3 pts | 3.8% | 1.9% |
| 1Y | -5.3% | −7.6 pts | 2.3% | -4.9% |
| 2Y | -5.7% | −9.5 pts | 3.8% | -2.8% |
| 3Y | 4.9% | −6.3 pts | 11.1% | 5.3% |
| 5Y | 4.9% | −4.2 pts | 9.1% | 6.1% |
| 7Y | 12.2% | −3.6 pts | 15.8% | 11.7% |
| 10Y | 10.8% | −0.9 pts | 11.7% | 10.1% |
Since launch (9 Apr 1996): 15.4%
Calendar-year returns
Category average26.2%
44.9%
-6.5%
26.7%
13.1%
-1.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -1.3% | −4.3 pts | 3.0% |
| 2024 | 13.1% | −6.7 pts | 19.8% |
| 2023 | 26.7% | −5.3 pts | 32.0% |
| 2022 | -6.5% | −9.9 pts | 3.3% |
| 2021 | 44.9% | +1.0 pts | 43.9% |
| 2020 | 26.2% | +3.4 pts | 22.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.96%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.62%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.30%
- Exit load
- Exit load of 0.50% if redeemed within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 Shariah TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -5.03 | 7.08 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | -0.02 | 0.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | -0.03 | 0.94 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.19 | 20.16 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Tata Ethical Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity93.5%
- Commodities1.2%
- Other5.4%
Market cap split
- Large56.4%
- Mid29.1%
- Small14.5%
- P/E
- 26.15
- P/B
- 3.72
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Infosys Ltd. | Technology | 6.79% | ₹246 Cr | +6.74% | +8.00% | +6.38% |
| Others | Others | 5.36% | ₹194 Cr | +3.11% | +5.91% | +8.65% |
| Tata Consultancy Services Ltd. | Technology | 5.26% | ₹190 Cr | +5.14% | +5.41% | +5.41% |
| Tech Mahindra Ltd. | Technology | 3.73% | ₹135 Cr | +3.39% | +3.61% | +1.88% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 3.37% | ₹122 Cr | +2.55% | +2.55% | +2.00% |
| HCL Technologies Ltd. | Technology | 3.17% | ₹115 Cr | +2.72% | +2.90% | +2.80% |
| Hindustan Unilever Ltd. | Consumer Staples | 2.95% | ₹107 Cr | +3.28% | +3.45% | +3.96% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.93% | ₹106 Cr | +2.88% | +1.85% | +1.68% |
| Jindal Steel Ltd. | Metals & Mining | 2.82% | ₹102 Cr | +2.60% | +2.95% | +1.77% |
| SRF Ltd. | Chemicals | 2.49% | ₹90.04 Cr | +2.72% | +2.62% | +2.84% |
| Ultratech Cement Ltd. | Materials | 2.49% | ₹89.98 Cr | +2.52% | +2.60% | +2.78% |
| Cipla Ltd. | Healthcare | 2.36% | ₹85.47 Cr | +2.54% | +1.93% | +1.81% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.34% | ₹84.74 Cr | +2.37% | +1.25% | +1.07% |
| Alkem Laboratories Ltd. | Healthcare | 2.14% | ₹77.53 Cr | +2.28% | +2.35% | +2.25% |
| Fortis Healthcare Ltd. | Healthcare | 2.13% | ₹77.00 Cr | +2.61% | +2.34% | +2.15% |
| Exide Industries Ltd. | Capital Goods | 2.12% | ₹76.86 Cr | +1.97% | — | — |
| LTM Limited | Technology | 2.12% | ₹76.86 Cr | +1.83% | +1.07% | +0.93% |
| Hindalco Industries Ltd. | Metals & Mining | 2.08% | ₹75.34 Cr | +2.09% | +2.09% | +1.69% |
| Mphasis Ltd. | Technology | 2.08% | ₹75.40 Cr | +2.06% | +1.51% | +1.25% |
| Britannia Industries Ltd. | Consumer Staples | 2.00% | ₹72.45 Cr | +2.10% | +1.60% | — |
| Nestle India Ltd. | Consumer Staples | 1.92% | ₹69.43 Cr | +2.03% | +1.84% | +0.73% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 1.69% | ₹61.23 Cr | +1.50% | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 1.66% | ₹59.89 Cr | +2.15% | +1.89% | +1.51% |
| Cummins India Ltd. | Capital Goods | 1.65% | ₹59.66 Cr | +1.93% | +1.66% | +2.84% |
| Swiggy Ltd. | Services | 1.65% | ₹59.62 Cr | +1.30% | — | — |
| Persistent Systems Ltd. | Technology | 1.63% | ₹59.12 Cr | — | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.54% | ₹55.82 Cr | +1.34% | +1.37% | +1.07% |
| Samvardhana Motherson International Ltd. | Automobile | 1.47% | ₹53.06 Cr | +1.31% | +1.01% | +0.95% |
| Carborundum Universal Ltd. | Metals & Mining | 1.34% | ₹48.60 Cr | +1.25% | +0.89% | +0.99% |
| Indus Towers Ltd. | Communication | 1.34% | ₹48.37 Cr | +1.38% | +1.60% | — |
| Endurance Technologies Ltd. | Automobile | 1.32% | ₹47.62 Cr | +1.31% | +1.17% | +1.36% |
| Amara Raja Energy & Mobility Ltd | Capital Goods | 1.25% | ₹45.27 Cr | — | — | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 1.23% | ₹44.63 Cr | +1.05% | +1.04% | +1.21% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.22% | ₹44.05 Cr | — | — | — |
| Syngene International Ltd. | Healthcare | 1.19% | ₹43.15 Cr | +0.94% | +0.90% | +1.09% |
| Tata Gold ETF - Growth | Unclassified | 1.19% | ₹42.90 Cr | — | — | — |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 1.15% | ₹41.79 Cr | +1.29% | +1.25% | +0.81% |
| Asian Paints Ltd. | Materials | 1.14% | ₹41.32 Cr | +1.24% | +1.10% | +1.12% |
| Tata Chemicals Ltd. | Chemicals | 1.10% | ₹39.92 Cr | +1.27% | +1.12% | +1.66% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.09% | ₹39.42 Cr | +2.15% | +2.15% | +2.44% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.09% | ₹39.30 Cr | +0.97% | — | — |
| Sundram Fasteners Ltd. | Capital Goods | 0.98% | ₹35.55 Cr | +0.79% | +0.69% | +0.86% |
| UNO Minda Ltd. | Automobile | 0.94% | ₹34.18 Cr | +0.87% | +0.89% | +1.05% |
| Gujarat State Fertilizers & Chemicals Ltd. | Chemicals | 0.93% | ₹33.56 Cr | +0.98% | +0.91% | +1.21% |
| Birlasoft Ltd. | Technology | 0.90% | ₹32.60 Cr | +0.94% | +1.18% | +1.17% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.90% | ₹32.73 Cr | +1.06% | +1.12% | +1.24% |
| MRF Ltd. | Automobile | 0.85% | ₹30.69 Cr | +0.85% | +0.93% | +0.99% |
| Avenue Supermarts Ltd. | Services | 0.77% | ₹27.75 Cr | +0.87% | +0.85% | +0.90% |
| Hyundai Motor India Ltd. | Automobile | 0.70% | ₹25.39 Cr | +0.65% | +0.66% | — |
| Cyient Ltd. | Technology | 0.69% | ₹24.84 Cr | +0.54% | +0.50% | +0.72% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.68% | ₹24.65 Cr | +0.76% | +0.78% | +0.81% |
| Schaeffler India Ltd. | Capital Goods | 0.66% | ₹23.77 Cr | +0.70% | +0.69% | +0.71% |
| 3M India Ltd. | Consumer Staples | 0.62% | ₹22.30 Cr | +0.62% | +0.62% | +0.56% |
| Supreme Industries Ltd. | Materials | 0.60% | ₹21.74 Cr | +0.54% | +0.70% | +0.74% |
| Sanofi India Ltd. | Healthcare | 0.19% | ₹6.82 Cr | +0.21% | +0.21% | +0.29% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 3.74% | 5.36% | +1.62% |
| Amara Raja Energy & Mobility Ltd | 0.00% | 1.25% | +1.25% |
| Sona BLW Precision Forgings Ltd. | 0.00% | 1.22% | +1.22% |
| Bharat Petroleum Corporation Ltd. | 2.18% | 1.09% | -1.09% |
| Havells India Ltd. | 1.07% | 0.00% | -1.07% |
| Tata Gold ETF - Growth | 0.39% | 1.19% | +0.80% |
| Linde India Ltd. | 0.61% | 0.00% | -0.61% |
| Emami Ltd. | 0.57% | 0.00% | -0.57% |
| Castrol India Ltd. | 0.56% | 0.00% | -0.56% |
| Tata Consultancy Services Ltd. | 5.76% | 5.26% | -0.50% |
| KPIT Technologies Ltd. | 0.48% | 0.00% | -0.48% |
| Infosys Ltd. | 7.25% | 6.79% | -0.46% |
| Dr. Reddy's Laboratories Ltd. | 2.96% | 3.37% | +0.41% |
| Motherson Sumi Wiring India Ltd. | 0.91% | 1.23% | +0.32% |
| Carborundum Universal Ltd. | 1.11% | 1.34% | +0.23% |
| Fortis Healthcare Ltd. | 2.35% | 2.13% | -0.22% |
| Nestle India Ltd. | 2.05% | 1.92% | -0.13% |
| Mphasis Ltd. | 2.20% | 2.08% | -0.12% |
| LTM Limited | 2.23% | 2.12% | -0.11% |
| Crompton Greaves Consumer Electricals Ltd. | 1.75% | 1.66% | -0.09% |
| Swiggy Ltd. | 1.74% | 1.65% | -0.09% |
| Alkem Laboratories Ltd. | 2.07% | 2.14% | +0.07% |
| SRF Ltd. | 2.42% | 2.49% | +0.07% |
| Ipca Laboratories Ltd. | 1.48% | 1.54% | +0.06% |
| Sun Pharmaceutical Industries Ltd. | 2.40% | 2.34% | -0.06% |
| Dixon Technologies (India) Ltd. | 1.15% | 1.09% | -0.06% |
| Hindustan Unilever Ltd. | 2.90% | 2.95% | +0.05% |
| Ultratech Cement Ltd. | 2.44% | 2.49% | +0.05% |
| Asian Paints Ltd. | 1.18% | 1.14% | -0.04% |
| Britannia Industries Ltd. | 2.04% | 2.00% | -0.04% |
| Cipla Ltd. | 2.32% | 2.36% | +0.04% |
| Jindal Steel Ltd. | 2.78% | 2.82% | +0.04% |
| Syngene International Ltd. | 1.23% | 1.19% | -0.04% |
| Avenue Supermarts Ltd. | 0.74% | 0.77% | +0.03% |
| Indus Towers Ltd. | 1.31% | 1.34% | +0.03% |
| Samvardhana Motherson International Ltd. | 1.44% | 1.47% | +0.03% |
| Schaeffler India Ltd. | 0.63% | 0.66% | +0.03% |
| UNO Minda Ltd. | 0.97% | 0.94% | -0.03% |
| 3M India Ltd. | 0.60% | 0.62% | +0.02% |
| Gujarat State Fertilizers & Chemicals Ltd. | 0.91% | 0.93% | +0.02% |
| Hindalco Industries Ltd. | 2.10% | 2.08% | -0.02% |
| Supreme Industries Ltd. | 0.58% | 0.60% | +0.02% |
| Tata Consumer Products Ltd. | 0.70% | 0.68% | -0.02% |
| Bharat Heavy Electricals Ltd. | 2.92% | 2.93% | +0.01% |
| Birlasoft Ltd. | 0.91% | 0.90% | -0.01% |
| Colgate-Palmolive (India) Ltd. | 1.16% | 1.15% | -0.01% |
| Cummins India Ltd. | 1.66% | 1.65% | -0.01% |
| Endurance Technologies Ltd. | 1.33% | 1.32% | -0.01% |
| Hyundai Motor India Ltd. | 0.71% | 0.70% | -0.01% |
| Sanofi India Ltd. | 0.18% | 0.19% | +0.01% |
| Sundram Fasteners Ltd. | 0.97% | 0.98% | +0.01% |
| Tata Chemicals Ltd. | 1.09% | 1.10% | +0.01% |
| Persistent Systems Ltd. | 1.62% | 1.63% | +0.01% |
| Cyient Ltd. | 0.69% | 0.69% | 0.00% |
| Exide Industries Ltd. | 2.12% | 2.12% | 0.00% |
| Godrej Consumer Products Ltd. | 0.90% | 0.90% | 0.00% |
| Gujarat Fluorochemicals Ltd. | 1.69% | 1.69% | 0.00% |
| HCL Technologies Ltd. | 3.17% | 3.17% | 0.00% |
| MRF Ltd. | 0.85% | 0.85% | 0.00% |
| Tech Mahindra Ltd. | 3.73% | 3.73% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,848 Cr | 2.21% | 11.8% | 11.9% | 13.1% |
 HDFC Defence Fund | ₹11,493 Cr | 1.79% | 18.8% | 20.9% | — |
 ICICI Prudential Commodities Fund | ₹3,874 Cr | 1.96% | -1.4% | 7.0% | 12.1% |
| ICICI Prudential Exports and Services Fund | ₹1,442 Cr | 2.28% | 7.3% | 7.6% | 12.9% |
 Edelweiss Recently Listed IPO Fund | ₹1,276 Cr | 2.69% | 30.6% | 15.8% | 15.8% |
 SBI Comma Fund | ₹1,156 Cr | 2.31% | 3.6% | 8.1% | 11.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The fund aims to provide medium to long term capital gains by investing in Sharia compliant equity and equity related instruments of well researched value and growth oriented companies.
Fund managers
- Abhinav SharmaMr. Sharma holds B.Tech degree from IIT Kharagpur & PGDCM from IIM Calcutta.Prior to joining Tata Mutual Fund he has worked with Taurus mutual fund, ING Vysya Life Insurance as Sr. Manager (Investments), Edelweiss Securities as Manager (Research & Investments) & ICICI Lombard General Insurance as Investment Manager.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months−0.55% absolute | ₹60,000 | ₹59,670 | −0.55% | |
| 1 year−5.28% annualised | ₹1,20,000 | ₹1,16,623 | −2.81% | |
| 3 years4.86% annualised | ₹3,60,000 | ₹3,88,293 | 7.86% | |
| 5 years4.88% annualised | ₹6,00,000 | ₹6,80,740 | 13.46% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Tata Ethical Fund?
The NAV of Tata Ethical Fund is ₹361.55 as on 9 Nov 2026.
What is the expense ratio of Tata Ethical Fund?
The expense ratio of Tata Ethical Fund is 1.97% per year.
What is the minimum SIP amount for Tata Ethical Fund?
You can start a SIP in Tata Ethical Fund with ₹3,000 a month.
What returns has Tata Ethical Fund given?
Tata Ethical Fund has returned -1.9% over 1 year, -1.9% over 3 years and 3.4% over 5 years (annualised).
Is there a lock-in or exit load on Tata Ethical Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 90 days..
How risky is Tata Ethical Fund?
Tata Ethical Fund is rated Very High on the SEBI riskometer and belongs to the Thematic category.
Which fund house manages Tata Ethical Fund?
Tata Ethical Fund is managed by Tata Mutual Fund, which runs 62 schemes with ₹2,39,201 Cr under management.