Tata Ethical Fund
ThematicVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹349.79-0.07%1 day
- Return since launch
- 15.4%
- 52-week range
- ₹334.69 — ₹395.95
- AUM
- ₹3,861 Cr
Tata Ethical Fund is a Thematic equity fund from Tata Mutual Fund with ₹3,861 Cr under management, launched in 1996. Over three years it has returned -3.7% a year, against 11.2% 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 -6.5% against -4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -9.3% | −13.2 pts | 3.9% | -3.3% |
| 2Y | -6.8% | −11.1 pts | 4.3% | -3.4% |
| 3Y | -3.7% | −14.9 pts | 11.2% | -1.5% |
| 5Y | 2.7% | −6.8 pts | 9.5% | 4.9% |
| 7Y | 7.8% | −5.0 pts | 12.7% | 9.2% |
| 10Y | 9.5% | −2.0 pts | 11.5% | 9.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −0.4 pts | -4.0% | -3.5% |
| 3M | -0.7% | −1.0 pts | 0.4% | -0.9% |
| 6M | 2.7% | −11.6 pts | 14.3% | 10.5% |
| 1Y | -6.5% | −10.3 pts | 3.9% | -4.7% |
| 2Y | -10.2% | −8.6 pts | -1.6% | -8.0% |
| 3Y | 3.1% | −8.1 pts | 11.2% | 4.6% |
| 5Y | 4.4% | −5.1 pts | 9.5% | 6.0% |
| 7Y | 12.0% | −2.8 pts | 14.7% | 11.7% |
| 10Y | 9.9% | −1.6 pts | 11.5% | 9.5% |
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
1.95%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.63%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.29%
- 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 | -6.10 | 7.48 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.90 | 1.09 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.01 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.01 | 1.13 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.71 | 19.72 | 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 31 Aug 2026
Asset allocation
- Equity95.9%
- Commodities0.4%
- Other3.7%
Market cap split
- Large57.3%
- Mid28.7%
- Small14.1%
- P/E
- 27.31
- P/B
- 4.02
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Infosys Ltd. | Technology | 7.25% | ₹280 Cr | +7.66% | +7.25% | +6.53% |
| Tata Consultancy Services Ltd. | Technology | 5.76% | ₹223 Cr | +5.60% | +5.52% | +5.80% |
| Others | Others | 3.74% | ₹144 Cr | +2.77% | +6.40% | +9.91% |
| Tech Mahindra Ltd. | Technology | 3.73% | ₹144 Cr | +3.51% | +3.23% | +2.00% |
| HCL Technologies Ltd. | Technology | 3.17% | ₹122 Cr | +2.95% | +2.74% | +2.96% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 2.96% | ₹114 Cr | +2.40% | +2.04% | +2.06% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2.92% | ₹113 Cr | +2.84% | +1.82% | +1.47% |
| Hindustan Unilever Ltd. | Consumer Staples | 2.90% | ₹112 Cr | +3.27% | +3.58% | +4.20% |
| Jindal Steel Ltd. | Metals & Mining | 2.78% | ₹107 Cr | +2.90% | +3.01% | +1.58% |
| Ultratech Cement Ltd. | Materials | 2.44% | ₹94.04 Cr | +2.52% | +2.80% | +2.88% |
| SRF Ltd. | Chemicals | 2.42% | ₹93.24 Cr | +2.64% | +2.51% | +2.87% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.40% | ₹92.58 Cr | +2.24% | +1.13% | +1.07% |
| Fortis Healthcare Ltd. | Healthcare | 2.35% | ₹90.69 Cr | +2.48% | +2.03% | +2.02% |
| Cipla Ltd. | Healthcare | 2.32% | ₹89.48 Cr | +2.38% | +1.58% | +1.92% |
| LTM Limited | Technology | 2.23% | ₹86.26 Cr | +2.06% | +1.08% | +0.93% |
| Mphasis Ltd. | Technology | 2.20% | ₹84.96 Cr | +2.12% | +1.55% | +1.32% |
| Bharat Petroleum Corporation Ltd. | Energy | 2.18% | ₹84.25 Cr | +2.07% | +2.70% | +2.23% |
| Exide Industries Ltd. | Capital Goods | 2.12% | ₹82.01 Cr | +1.92% | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 2.10% | ₹81.24 Cr | +2.41% | +1.99% | — |
| Alkem Laboratories Ltd. | Healthcare | 2.07% | ₹80.02 Cr | +2.21% | +2.28% | +2.21% |
| Nestle India Ltd. | Consumer Staples | 2.05% | ₹79.31 Cr | +2.01% | +1.84% | +0.74% |
| Britannia Industries Ltd. | Consumer Staples | 2.04% | ₹78.75 Cr | +2.09% | +1.62% | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 1.75% | ₹67.70 Cr | +2.16% | +1.99% | +0.80% |
| Swiggy Ltd. | Services | 1.74% | ₹67.21 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 1.69% | ₹65.24 Cr | +1.35% | — | — |
| Cummins India Ltd. | Capital Goods | 1.66% | ₹63.98 Cr | +1.97% | +1.65% | +2.78% |
| Persistent Systems Ltd. | Technology | 1.62% | ₹62.66 Cr | — | — | — |
| Ipca Laboratories Ltd. | Healthcare | 1.48% | ₹57.20 Cr | +1.18% | +1.19% | +1.11% |
| Samvardhana Motherson International Ltd. | Automobile | 1.44% | ₹55.47 Cr | +1.27% | +1.17% | +0.84% |
| Endurance Technologies Ltd. | Automobile | 1.33% | ₹51.46 Cr | +1.30% | +1.28% | +1.43% |
| Indus Towers Ltd. | Communication | 1.31% | ₹50.39 Cr | +1.53% | — | — |
| Syngene International Ltd. | Healthcare | 1.23% | ₹47.33 Cr | +0.92% | +0.89% | +1.10% |
| Asian Paints Ltd. | Materials | 1.18% | ₹45.64 Cr | +1.23% | +1.10% | +1.20% |
| Colgate-Palmolive (India) Ltd. | Consumer Staples | 1.16% | ₹44.98 Cr | +1.30% | +1.44% | +0.85% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.15% | ₹44.55 Cr | +0.92% | — | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.11% | ₹42.94 Cr | +1.07% | +0.86% | +0.98% |
| Tata Chemicals Ltd. | Chemicals | 1.09% | ₹41.98 Cr | +1.32% | +1.26% | +1.67% |
| Havells India Ltd. | Capital Goods | 1.07% | ₹41.26 Cr | +1.04% | +1.25% | +1.41% |
| Sundram Fasteners Ltd. | Capital Goods | 0.97% | ₹37.56 Cr | +0.72% | +0.73% | +0.88% |
| UNO Minda Ltd. | Automobile | 0.97% | ₹37.27 Cr | +0.86% | +0.93% | +1.04% |
| Birlasoft Ltd. | Technology | 0.91% | ₹34.95 Cr | +1.02% | +1.26% | +1.23% |
| Gujarat State Fertilizers & Chemicals Ltd. | Chemicals | 0.91% | ₹35.20 Cr | +0.97% | +1.01% | +1.22% |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.91% | ₹35.32 Cr | +1.00% | +1.12% | +1.11% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.90% | ₹34.70 Cr | +1.06% | +1.26% | +1.33% |
| MRF Ltd. | Automobile | 0.85% | ₹32.77 Cr | +0.81% | +0.93% | +0.96% |
| Avenue Supermarts Ltd. | Services | 0.74% | ₹28.47 Cr | +0.79% | +0.76% | +0.96% |
| Hyundai Motor India Ltd. | Automobile | 0.71% | ₹27.56 Cr | +0.64% | +0.73% | — |
| Tata Consumer Products Ltd. | Consumer Staples | 0.70% | ₹26.94 Cr | +0.82% | +0.80% | +0.77% |
| Cyient Ltd. | Technology | 0.69% | ₹26.51 Cr | +0.55% | +0.56% | +0.73% |
| Schaeffler India Ltd. | Capital Goods | 0.63% | ₹24.49 Cr | +0.67% | +0.72% | +0.66% |
| Linde India Ltd. | Chemicals | 0.61% | ₹23.40 Cr | +0.71% | +0.66% | +0.65% |
| 3M India Ltd. | Consumer Staples | 0.60% | ₹23.10 Cr | +0.61% | +0.70% | +0.59% |
| Supreme Industries Ltd. | Materials | 0.58% | ₹22.42 Cr | +0.60% | +0.67% | +0.78% |
| Emami Ltd. | Consumer Staples | 0.57% | ₹21.84 Cr | +0.64% | +0.75% | +0.96% |
| Castrol India Ltd. | Chemicals | 0.56% | ₹21.62 Cr | +0.57% | +0.59% | +0.64% |
| KPIT Technologies Ltd. | Technology | 0.48% | ₹18.49 Cr | +0.65% | +0.45% | +0.71% |
| company:18841 | Unclassified | 0.39% | ₹14.96 Cr | — | — | — |
| Sanofi India Ltd. | Healthcare | 0.18% | ₹6.97 Cr | +0.18% | +0.24% | +0.32% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Indraprastha Gas Ltd. | 0.59% | 0.00% | -0.59% |
| company:18841 | 0.00% | 0.39% | +0.39% |
| Persistent Systems Ltd. | 1.32% | 1.62% | +0.30% |
| Bharat Heavy Electricals Ltd. | 2.69% | 2.92% | +0.23% |
| Jindal Steel Ltd. | 2.57% | 2.78% | +0.21% |
| Cyient Ltd. | 0.49% | 0.69% | +0.20% |
| Hindustan Unilever Ltd. | 3.09% | 2.90% | -0.19% |
| Crompton Greaves Consumer Electricals Ltd. | 1.93% | 1.75% | -0.18% |
| Sundram Fasteners Ltd. | 0.79% | 0.97% | +0.18% |
| Godrej Consumer Products Ltd. | 1.07% | 0.90% | -0.17% |
| Ipca Laboratories Ltd. | 1.31% | 1.48% | +0.17% |
| Samvardhana Motherson International Ltd. | 1.27% | 1.44% | +0.17% |
| Alkem Laboratories Ltd. | 2.23% | 2.07% | -0.16% |
| Others | 3.89% | 3.74% | -0.15% |
| Cummins India Ltd. | 1.79% | 1.66% | -0.13% |
| Gujarat Fluorochemicals Ltd. | 1.57% | 1.69% | +0.12% |
| Colgate-Palmolive (India) Ltd. | 1.27% | 1.16% | -0.11% |
| Cipla Ltd. | 2.42% | 2.32% | -0.10% |
| Fortis Healthcare Ltd. | 2.45% | 2.35% | -0.10% |
| Motherson Sumi Wiring India Ltd. | 1.01% | 0.91% | -0.10% |
| LTM Limited | 2.14% | 2.23% | +0.09% |
| Ultratech Cement Ltd. | 2.53% | 2.44% | -0.09% |
| HCL Technologies Ltd. | 3.25% | 3.17% | -0.08% |
| Hindalco Industries Ltd. | 2.02% | 2.10% | +0.08% |
| Mphasis Ltd. | 2.12% | 2.20% | +0.08% |
| Tata Consultancy Services Ltd. | 5.68% | 5.76% | +0.08% |
| UNO Minda Ltd. | 0.89% | 0.97% | +0.08% |
| Britannia Industries Ltd. | 2.10% | 2.04% | -0.06% |
| Dixon Technologies (India) Ltd. | 1.09% | 1.15% | +0.06% |
| SRF Ltd. | 2.47% | 2.42% | -0.05% |
| Emami Ltd. | 0.62% | 0.57% | -0.05% |
| Endurance Technologies Ltd. | 1.28% | 1.33% | +0.05% |
| Syngene International Ltd. | 1.18% | 1.23% | +0.05% |
| Exide Industries Ltd. | 2.17% | 2.12% | -0.05% |
| Tata Chemicals Ltd. | 1.14% | 1.09% | -0.05% |
| Tech Mahindra Ltd. | 3.78% | 3.73% | -0.05% |
| Asian Paints Ltd. | 1.22% | 1.18% | -0.04% |
| Carborundum Universal Ltd. | 1.07% | 1.11% | +0.04% |
| Bharat Petroleum Corporation Ltd. | 2.15% | 2.18% | +0.03% |
| Infosys Ltd. | 7.22% | 7.25% | +0.03% |
| Linde India Ltd. | 0.64% | 0.61% | -0.03% |
| Tata Consumer Products Ltd. | 0.73% | 0.70% | -0.03% |
| Birlasoft Ltd. | 0.94% | 0.91% | -0.03% |
| 3M India Ltd. | 0.62% | 0.60% | -0.02% |
| Dr. Reddy's Laboratories Ltd. | 2.94% | 2.96% | +0.02% |
| Nestle India Ltd. | 2.07% | 2.05% | -0.02% |
| Swiggy Ltd. | 1.76% | 1.74% | -0.02% |
| Supreme Industries Ltd. | 0.56% | 0.58% | +0.02% |
| Havells India Ltd. | 1.08% | 1.07% | -0.01% |
| KPIT Technologies Ltd. | 0.49% | 0.48% | -0.01% |
| MRF Ltd. | 0.84% | 0.85% | +0.01% |
| Sanofi India Ltd. | 0.19% | 0.18% | -0.01% |
| Schaeffler India Ltd. | 0.64% | 0.63% | -0.01% |
| Avenue Supermarts Ltd. | 0.74% | 0.74% | 0.00% |
| Castrol India Ltd. | 0.56% | 0.56% | 0.00% |
| Gujarat State Fertilizers & Chemicals Ltd. | 0.91% | 0.91% | 0.00% |
| Hyundai Motor India Ltd. | 0.71% | 0.71% | 0.00% |
| Indus Towers Ltd. | 1.31% | 1.31% | 0.00% |
| Sun Pharmaceutical Industries Ltd. | 2.40% | 2.40% | 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 | ₹3,954 Cr | 2.14% | 17.1% | 14.2% | 14.2% |
 HDFC Defence Fund | ₹11,478 Cr | 1.79% | 34.5% | 26.7% | — |
 ICICI Prudential Commodities Fund | ₹4,277 Cr | 1.96% | 6.2% | 10.4% | 14.6% |
| ICICI Prudential Exports and Services Fund | ₹1,549 Cr | 2.30% | 1.2% | 6.5% | 12.4% |
 SBI Comma Fund | ₹1,237 Cr | 2.28% | 7.8% | 10.1% | 13.0% |
 Edelweiss Recently Listed IPO Fund | ₹1,230 Cr | 2.36% | 35.9% | 17.3% | 16.6% |
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 months2.69% absolute | ₹60,000 | ₹61,614 | 2.69% | |
| 1 year−6.48% annualised | ₹1,20,000 | ₹1,15,870 | −3.44% | |
| 3 years3.13% annualised | ₹3,60,000 | ₹3,77,912 | 4.98% | |
| 5 years4.41% annualised | ₹6,00,000 | ₹6,72,383 | 12.06% |
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 ₹349.79 as on 25 Sep 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 -9.3% over 1 year, -3.7% over 3 years and 2.7% 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 61 schemes with ₹2,31,388 Cr under management.