Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Plan is at ₹10.9974 as of 10 Sep 2026, with scheme AUM of ₹76 Cr. Its 1-year, 3-year and 5-year returns are 4.27%, 0% and 0%, and the scheme is tagged High Risk. Our view is that it suits investors who want a narrow thematic allocation and can tolerate sharp swings, but the track record is still short and the longer return history is limited.
We see the fund as better suited for a satellite allocation than a core holding. The portfolio is led by infrastructure, power, energy and capital-goods names, so the outcome can differ meaningfully from a broad market fund and from the benchmark’s recent path.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.9974 as of 10 Sep 2026 |
| AUM | ₹76 Cr |
| Expense Ratio | 0.48% |
| Launch Date | 26 Apr 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Nitin Sharma, Rakesh Prajapati |
The fund is managed by Nitin Sharma and Rakesh Prajapati.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.03% | -4.06% |
| 3M | 3.6% | 1.37% |
| 1Y | 4.27% | -7.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is mixed, but it has been better than the benchmark over the latest 1-month, 3-month and 1-year windows. The fund’s 1-year return is positive while the benchmark’s is negative, which tells us the scheme has held up better than the benchmark through a weaker stretch for the broader index.
The 3-month reading is also stronger than the benchmark, which suggests a modest recovery after a softer phase in the short run. Even so, the month-to-month path has not been smooth, and the fund has shown enough fluctuation to keep the experience uneven for investors who expect steady compounding.
Longer-horizon interpretation remains limited because the scheme was launched in April 2024, so the available return record is still short. That matters because a narrow thematic index can move differently from the market over shorter intervals, and this fund has already shown that pattern. For investors, the key question is less about consistency and more about whether they are comfortable with a concentrated infrastructure tilt that may behave differently from a broad benchmark.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Tata Nifty500 Multicap Infrastructure 50:30:20 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Tata Nifty500 Multicap Infrastructure 50:30:20 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Plan | 4.27% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 33.08% | 30.07% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.95% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.94% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 24.33% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 23.74% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is much lower than the peer set shown here, while several peer funds have delivered materially stronger one-year numbers. That does not make the comparison one-dimensional, because the fund also has a distinct infrastructure-focused mandate rather than a broad thematic exposure like some of the peers listed.
On longer periods, only one peer in this set has a disclosed 3-year return, and it is well ahead of the current fund’s short history. For the rest, longer data is unavailable, so the practical comparison is mostly about recent behaviour rather than full-cycle consistency. That leaves the current fund looking weaker on the available return figures, even though its benchmark-relative short-term path has been better than the benchmark itself.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Reliance Industries Ltd | Crude Oil | 9.9% |
| Bharti Airtel Ltd | Telecom | 9.67% |
| Larsen & Toubro Ltd | Infrastructure | 8.31% |
| NTPC Ltd | Power | 2.72% |
| Ultratech Cement Ltd | Construction Materials | 2.38% |
| Bharat Heavy Electricals Ltd | Capital Goods | 2.31% |
| Grasim Industries Ltd | Diversified | 2.23% |
| Power Grid Corporation of India Ltd | Power | 2.09% |
| Interglobe Aviation Ltd | Aviation | 2.08% |
| Suzlon Energy Ltd | Capital Goods | 2.07% |
The top 10 holdings account for approximately 43.76% of the portfolio.
To see all holdings, visit the Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Plan page
Reliance Industries Ltd is the largest holding at 9.9%, followed closely by Bharti Airtel Ltd at 9.67%. That gap is small, but the drop to the third holding, Larsen & Toubro Ltd at 8.31%, is more noticeable, and the slide continues into the low-2% range by the fourth through tenth positions.
That pattern suggests the portfolio has a few meaningful anchors, with a long tail of smaller positions beyond the displayed list. Because the top 10 together make up 43.76% and the scheme discloses 58 holdings, the fund is unlikely to be dominated by just one stock, yet the largest names may still have greater influence on short-term movement than the smaller ones.
For investors, this means the fund combines a visible core in large names with a broader spread across many other holdings. In a thematic index strategy, that structure can help diversify individual stock risk, but it does not remove the concentration that comes from a strong tilt toward a specific market theme.
Source data date: as of 10 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk and who can stay invested through uneven periods. The short history and the mixed return pattern mean it is better viewed with a multi-year horizon rather than as a near-term return play.
The main trade-off is between theme-led upside and benchmark-like stability. It has recently held up better than the benchmark, but the peer comparison shows that several thematic funds have posted much stronger one-year numbers, so investors must accept that outcomes can vary sharply across similar-looking strategies.
Its portfolio mix also matters: the fund is anchored by large names and a sizeable infrastructure tilt, so it may appeal to investors who want targeted exposure instead of a broad-market fund.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 0.25% on or before 15D, Nil after 15D.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct Growth Plan?
The current NAV is ₹10.9974 as of 10 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
Its 1-year return is 4.27%, while the 3-year and 5-year returns are not available because the scheme history is still short.
How does the fund compare with its benchmark?
It has done better than the benchmark over 1 month, 3 months and 1 year. The 1-year fund return is 4.27% versus -7.31% for the benchmark.
How does it compare with the peer funds listed here?
Its 1-year return is below the peer returns shown here, while one peer also has a much stronger 3-year return. The comparison therefore points to a weaker recent return profile than several listed peers.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Nitin Sharma and Rakesh Prajapati. The exit load is 0.25% on or before 15D, and nil after 15D.
Bottom line
This fund’s recent return profile is better than the benchmark, but its longer record is still limited and the peer comparison shows that several comparable thematic funds have been much stronger on the available one-year numbers. The portfolio is anchored by large holdings and a clear infrastructure tilt, so the scheme can suit investors who want targeted exposure and can handle High Risk. It looks more appropriate as a focused satellite allocation than as a broad core equity holding.
Published on 11 September 2026 at 1:06 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.