Tata BSE Select Business Groups Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata BSE Select Business Groups Index Fund Direct Growth Plan is priced at ₹9.8779 as of 15 September 2026, with a scheme AUM of ₹225 Cr. Its 1-year, 3-year and 5-year returns are 1.36%, 0% and 0%, while the fund sits in the High Risk bucket.
Our view is that this is a compact, concentrated index strategy that has delivered a modest 1-year outcome but has not yet built a longer return track record. The portfolio is led by a few large holdings, so the scheme may suit investors who can tolerate sharp swings and want a business-groups-based exposure rather than a smoother defensive allocation.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.8779 as of 15 Sep 2026 |
| AUM | ₹225 Cr |
| Expense Ratio | 0.28% |
| Launch Date | 12 Dec 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 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -5.53% | -4.81% |
| 3M | -4.23% | -3.63% |
| 1Y | 1.36% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term pattern has been uneven. Over 1 month and 3 months, the fund stayed under pressure, and it slipped a little more than the benchmark in both periods. That tells us the recent run has been volatile rather than steadily improving.
The 1-year picture is very different. The fund’s 1-year return of 1.36% is well ahead of the benchmark’s -8.27%, which means it has held up far better over a full year even though the last few months were weak. That gap matters because it shows the fund was able to recover more effectively after earlier softness.
For 3-year and 5-year returns, the scheme does not yet have a full long-term history to assess. So our view is that the available record points to a fund with a mixed short-term path, but one that has still outpaced the benchmark on the longest period currently available. The time pattern does not look smooth, and investors should expect the index exposure to move sharply when the underlying business-group stocks turn.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Tata BSE Select Business Groups 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 BSE Select Business Groups Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Tata BSE Select Business Groups Index Fund Direct Growth Plan | 1.36% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | 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 far below the five peer figures shown here, while two peers also have meaningful 3-year records that remain well above the fund’s available 1-year outcome. That said, the comparison is not identical across all rows because several peers do not have 3-year or 5-year figures available.
The picture therefore has two parts. On recent performance, the fund trails the stronger peer outcomes by a wide margin. On the longer records that are available, it also remains behind the peers with multi-year histories, which suggests that the fund’s present return profile has not matched the stronger momentum seen in some other index strategies.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Reliance Industries Ltd | Crude Oil | 22.69% |
| Larsen & Toubro Ltd | Infrastructure | 12.8% |
| Mahindra & Mahindra Ltd | Automobile & Ancillaries | 8.07% |
| Tata Consultancy Services Ltd | IT | 5.11% |
| Titan Company Ltd | Diamond & Jewellery | 4.46% |
| Hindalco Industries Ltd | Non – Ferrous Metals | 3.97% |
| Ultratech Cement Ltd | Construction Materials | 3.68% |
| Grasim Industries Ltd | Diversified | 3.37% |
| JSW Steel Ltd | Iron & Steel | 3.31% |
| Adani Ports and Special Economic Zone Ltd | Logistics | 3.27% |
The top 10 holdings account for approximately 70.73% of the portfolio.
To see all holdings, visit the Tata BSE Select Business Groups Index Fund Direct Growth Plan page
Reliance Industries Ltd is the largest holding at 22.69%, so it is likely to have greater influence on the scheme than any other single stock. The weight then steps down to 12.8% in Larsen & Toubro Ltd and 8.07% in Mahindra & Mahindra Ltd, which shows that influence is spread across a few large positions rather than being evenly distributed.
By the tenth holding, the weight has fallen to 3.27%, which suggests a clear drop-off after the first few names. Because the top 10 holdings together make up 70.73% of the portfolio and the fund discloses 29 holdings in total, the portfolio may still have a meaningful tail beyond the largest positions, but the visible part is clearly concentrated in a handful of large stocks.
That concentration may help when the largest holdings do well, but it also means the portfolio could react strongly to moves in a small set of companies. For investors, the practical takeaway is that this is not a broadly diluted basket; it is a compact index exposure where a few positions are likely to matter most.
Source data date: as of 15 Sep 2026
Who should invest
This fund is better suited to investors who can handle High Risk swings and who are comfortable with a portfolio that can move sharply over short periods. The recent 1-month and 3-month weakness shows that timing can matter, while the 1-year return suggests the scheme can still recover better than the benchmark over a longer stretch.
The main fit is for someone with a medium-to-long horizon who wants a business-groups-based index exposure and can accept concentration in a few large holdings. The key trade-off is straightforward: you get a focused equity strategy with the potential for benchmark outperformance in some phases, but you also take on sharper drawdowns and less stability than a more diversified or lower-volatility option.
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 that holding period.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of Tata BSE Select Business Groups Index Fund Direct Growth Plan?
The current NAV is ₹9.8779 as of 15 September 2026.
What are the fund’s recent returns?
The fund’s 1-year return is 1.36%, while the 3-year and 5-year returns are both Data not available because the scheme has not built those full histories yet.
How has it performed against the benchmark?
Over 1 year, the fund has done better than the benchmark, with 1.36% versus -8.27%. In the shorter 1-month and 3-month periods, it still lagged the benchmark slightly.
How does it compare with the peer funds listed here?
The fund’s 1-year return is far below the peer figures shown in the comparison table, and the peers with longer records also show stronger 3-year outcomes where available.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹100.
What are the risk profile, portfolio style and exit load?
The fund is marked High Risk and its top holdings are fairly concentrated, with Reliance Industries Ltd at 22.69%. Exit load is 0.25% on or before 15 days, and there is no exit load after that holding period.
Bottom line
Tata BSE Select Business Groups Index Fund Direct Growth Plan has a mixed picture: the recent 1-month and 3-month numbers were weak, but the 1-year result is better than the benchmark. In the peer set shown here, its available return data sits well behind the stronger multi-year and 1-year outcomes. The portfolio is also concentrated, with a few large holdings carrying most of the visible weight. That combination makes it more suitable for investors who can tolerate High Risk swings and want a focused equity index exposure with a longer horizon.
Published on 16 September 2026 at 8:41 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.