Tata Nifty Next 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Nifty Next 50 Index Fund Direct Growth Plan has a NAV of ₹10.6302 as of 18 Sep 2026 and scheme AUM of ₹125 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that this is a very early-stage index fund: the portfolio structure is clear, but the performance history is still too short to build a full return record.
For investors, that means the fund may suit someone who wants Nifty Next 50 exposure through a direct-growth index route and is comfortable with sharp equity-market swings. The current numbers point more to a launch-phase product than a seasoned long-term performer.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6302 as of 18 Sep 2026 |
| AUM | ₹125 Cr |
| Expense Ratio | 0.22% |
| Launch Date | 01 Oct 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| 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 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.64% | -3.73% |
| 3M | -1.13% | -3.14% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern is modestly better than the benchmark. Over 1 month, the fund fell less than the index, and the same is true over 3 months. That tells us the fund has recently tracked the direction of the market without fully matching the benchmark’s weaker swings.
We cannot make a long-horizon judgment from 1Y, 3Y or 5Y figures here because those returns are not yet available. That matters because an index fund is usually judged more on consistency versus its benchmark than on isolated short runs. At this stage, the useful signal is mainly the fund’s ability to stay a little ahead of the benchmark in a difficult market patch.
The daily pattern also points to a choppy but contained start. The fund moved through small gains and losses rather than a straight trend, which is normal for an equity index strategy. For a new scheme, that kind of movement is more informative than trying to read too much into a short return window.
Overall, the recent record is better described as steady relative outperformance in a weak market than as a strong absolute return story. The benchmark comparison is therefore important: the fund has done slightly less badly than the index in the near term, but there is still no long history to test whether that behaviour holds across a full market cycle.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Tata Nifty Next 50 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 Nifty Next 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata Nifty Next 50 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 36.68% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 15.77% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.62% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 9% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 8.62% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the figures available here, the fund’s near-term return record is not yet comparable with the peer set because its 1-year figure is not available, while several peers do show double-digit 1-year gains. The longer-term peer view is also limited because the 3-year and 5-year figures are unavailable across the comparison set. That leaves the short-term market behaviour as the main reference point.
Because the peer group mostly has only 1-year data, the comparison tells a narrow story: the fund’s recent path has been weaker in absolute terms than the peers with published 1-year returns, but it has still held up a little better than the benchmark in the latest market stretch. The short-term and longer-term comparison therefore do not fully align, mainly because the fund is too new for a full multi-year read.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Divi Laboratories Ltd | Healthcare | 4.75% |
| TVS Motor Company Ltd | Automobile & Ancillaries | 4.02% |
| Tata Motors Ltd | Domestic Equities | 3.88% |
| Hindustan Aeronautics Ltd | Capital Goods | 3.59% |
| Adani Power Ltd | Power | 3.24% |
| Cholamandalam Investment & Finance Co Ltd | Finance | 3.17% |
| Samvardhana Motherson International Ltd | Automobile & Ancillaries | 2.97% |
| Torrent Pharmaceuticals Ltd | Healthcare | 2.93% |
| Cummins India Ltd | Automobile & Ancillaries | 2.72% |
| Bharat Petroleum Corporation Ltd | Crude Oil | 2.59% |
The top 10 holdings account for approximately 33.86% of the portfolio.
To see all holdings, visit the Tata Nifty Next 50 Index Fund Direct Growth Plan page
The largest holding, Divi Laboratories Ltd, carries a 4.75% weight, so no single position dominates the portfolio. The drop from the first holding to the tenth is gradual rather than steep, moving from 4.75% to 2.59%. That suggests the disclosed part of the portfolio is reasonably spread across multiple names instead of leaning heavily on one or two stocks.
At the same time, the top 10 holdings together account for 33.86% across a disclosed set of 50 holdings, so a large part of the scheme remains outside the top slice shown here. That mix may limit concentration risk at the very top while still leaving enough individual stock influence to matter in a volatile equity strategy.
Sector exposure is visible across healthcare, automobile and ancillaries, capital goods, power, finance and crude oil. This kind of spread may help the fund participate across different parts of the market, but it can also mean returns depend on how several cyclical and growth-oriented businesses perform together.
Source data date: as of 18 Sep 2026
Who should invest
This fund is suitable for investors who can handle High Risk and are comfortable with equity-led swings. The recent return pattern shows only short-term performance, so it fits better with an investor who is taking a multi-year view rather than expecting quick outcomes.
The main trade-off is simple: you get broad Nifty Next 50-style equity exposure through a direct index fund, but you must accept that the scheme is still very new and has no usable long-term return history yet. The benchmark comparison is encouraging in the short run, but it is not enough on its own to establish a full cycle pattern.
Given the portfolio mix, the fund may appeal to investors who want a diversified large-cap-plus style equity holding and can tolerate market volatility. It is less suited to someone who needs stable short-term outcomes or wants a completed performance record before committing capital.
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 18 Sep 2026
Frequently asked questions
What is the current NAV of Tata Nifty Next 50 Index Fund Direct Growth Plan?
The NAV is ₹10.6302 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are not available yet.
How has the fund done versus its benchmark recently?
It has been slightly better than the benchmark in the short term. The fund’s 1-month return is -2.64% versus -3.73% for the benchmark, and the 3-month return is -1.13% versus -3.14%.
How does it compare with the peer funds on available return data?
Its 1-year return is not available, while several peers show published 1-year returns such as 36.68%, 15.77%, 14.62%, 9% and 8.62%. The longer-term peer figures are not available across the comparison set.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What are the risk level, portfolio style and exit load?
The fund is in the High Risk category. Its top holding is Divi Laboratories Ltd at 4.75%, and the exit load is 0.25% on or before 15 days, with nil exit load after 15 days.
Bottom line
Tata Nifty Next 50 Index Fund Direct Growth Plan looks like a very new equity index offering with a short return history and a High Risk profile. Its recent movement has been a little better than the benchmark, but the fund still lacks a meaningful multi-year performance record. The disclosed portfolio is spread across 50 holdings, with the top 10 accounting for 33.86%, so the scheme is not overly reliant on one stock. It may suit investors who want index-linked equity exposure and can stay patient through volatility.
Published on 21 September 2026 at 9:55 AM 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.