Tata Nifty200 Alpha 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Nifty200 Alpha 30 Index Fund Direct Growth Plan has a NAV of ₹9.0921 as of 10 Sep 2026 and an AUM of ₹213 Cr. Its 1-year, 3-year and 5-year returns are 7.46%, 0% and 0%, and the fund sits in the High Risk bucket.
Our view is that this is a narrowly constructed index fund with a clearly growth-seeking equity profile, but its short operating history means the longer-term return record is still not established. The portfolio mix and the 1-year outcome suggest meaningful movement beneath the surface, so investors may want to treat it as a higher-volatility satellite allocation rather than a core stable-return holding.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.0921 as of 10 Sep 2026 |
| AUM | ₹213 Cr |
| Expense Ratio | 0.49% |
| Launch Date | 05 Sep 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 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 | -0.44% | -4.06% |
| 3M | 7.19% | 1.37% |
| 1Y | 7.46% | -7.31% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The most important signal in the recent record is the contrast between the fund’s 1-month and 3-month patterns. The 1-month figure is mildly negative, but the 3-month result is firmly positive, which tells us the fund has been able to recover after short bursts of weakness.
Over 1 year, the fund has produced a positive return while the benchmark has been negative, so the fund has held up better than the benchmark over that stretch. That does not make the path smooth: the time pattern shows periods of slippage, followed by recoveries, which is typical of an equity strategy that can swing around in the short run.
The longer-term picture is limited by the scheme’s age. Because there is no 3-year or 5-year trailing record yet, we cannot describe a mature compounding history. For now, the available evidence points to a fund that has recently outpaced the benchmark, but with enough short-term variability that investors should judge it by their ability to tolerate intermittent drawdowns.
In plain terms, this is not a fund where the latest month alone tells the story. The 3-month and 1-year figures show a stronger pattern than the benchmark, yet the absence of a longer track record means the fund still needs time before a fuller performance judgment is possible.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD Tata Nifty200 Alpha 30 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 Nifty200 Alpha 30 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Nifty200 Alpha 30 Index Fund Direct Growth Plan | 7.46% | 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 well below the stronger peer figures shown here, even though it has beaten the benchmark over the same horizon. That tells us the fund’s recent gain has been respectable in absolute terms, but not as strong as the faster-moving thematic peers in this set.
For longer horizons, the comparison is less informative because this scheme does not yet have 3-year or 5-year trailing numbers, while one peer does have a 3-year history. The short-term comparison and the longer-term comparison therefore tell different stories: the fund has improved versus its benchmark, but the peer set also shows that several specialised funds have produced much stronger one-year outcomes.
Source data date: as of 10 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Laurus Labs Ltd | Healthcare | 6.34% |
| Multi Commodity Exchange of Ind Ltd | Finance | 5.76% |
| National Aluminium Co. Ltd | Non – Ferrous Metals | 5.27% |
| Vedanta Ltd | Non – Ferrous Metals | 4.69% |
| Vodafone Idea Ltd | Telecom | 4.62% |
| Ge Vernova T&D India Ltd | Capital Goods | 4.24% |
| Adani Power Ltd | Power | 4.15% |
| Hitachi Energy India Ltd | Capital Goods | 4.09% |
| L&T Finance Ltd | Finance | 3.77% |
| Hindalco Industries Ltd | Non – Ferrous Metals | 3.63% |
The largest holding, Laurus Labs Ltd, carries a weight of 6.34%, which is meaningful but not overpowering on its own. That size suggests the fund may not rely on a single dominant position to drive outcomes.
The weight profile steps down fairly gradually from the first holding to the tenth, from 6.34% to 3.63%. That is a moderate spread rather than a sharp concentration cliff, and it implies that several names could have a visible influence on portfolio movement.
At 46.56% across the displayed top ten holdings, nearly half of the disclosed portfolio sits in these positions, while the total holding count is 30. That combination points to a portfolio that may still be fairly concentrated in its leading names, even though there is a longer tail of additional holdings beyond the top ten.
To see all holdings, visit the Tata Nifty200 Alpha 30 Index Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund may suit investors who can tolerate High Risk positioning and are comfortable with a strategy that has shown short-term variability. The available record is only one year long, so the case for this scheme rests more on its recent behavior than on a mature long-run history.
It may be better suited to an investment horizon that allows time for uneven stretches to play out, because the recent pattern is stronger over 3 months and 1 year than over the most recent month. Investors who want a steadier benchmark-like path may find the portfolio’s concentrated leading holdings and equity-like swings less appealing.
The main trade-off is between the possibility of differentiated returns and the absence of a long performance record. The fund has recently stayed ahead of the benchmark, but peers in the comparison set have shown much stronger one-year numbers, so the opportunity set is clearly not uniform.
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 applies at 0.25% if units are sold on or before 15 days. There is no exit load after the holding period.
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of Tata Nifty200 Alpha 30 Index Fund Direct Growth Plan?
The current NAV is ₹9.0921 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 7.46%. The scheme does not yet have meaningful 3-year or 5-year trailing returns, so those figures are not available.
How has the fund performed versus its benchmark?
Over 1 year, the fund has returned 7.46% while the benchmark has been negative at -7.31%. Over 1 month, the fund is down 0.44% versus the benchmark’s -4.06%.
How does the fund compare with the listed peers on 1-year return?
The fund’s 1-year return of 7.46% is below the stronger one-year figures shown by the peer schemes listed here, including 33.08%, 26.95%, 26.94%, 24.33% and 23.74%.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the risk level, and who manages the fund?
The fund is marked High Risk. It is managed by Nitin Sharma and Rakesh Prajapati, and the exit load is 0.25% if units are sold on or before 15 days.
Bottom line
Tata Nifty200 Alpha 30 Index Fund Direct Growth Plan has shown a better recent path than its benchmark, but the record is still short and the 1-year result is modest relative to the peer set shown here. The fund carries a High Risk label, and its portfolio is led by several mid-sized positions rather than one overwhelming holding, which can keep outcomes moving around. Our view is that it fits investors who can accept that mix of uncertainty and concentration while waiting for a longer history to develop.
Published on 11 September 2026 at 5:38 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.