Tata Multi Sector Passive FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Tata Multi Sector Passive FOF Direct Growth Plan currently has a NAV of ₹9.5568 as of 16 September 2026, with scheme AUM of ₹78 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the High Risk category.
Our view is that this is still an early-stage fund with a short operating history, so the near-term numbers matter more than any long-run reading at this point. The portfolio is built around sector-focused passive funds and ETFs, which gives it a specific theme-led profile rather than a broad market-style mix.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.5568 as of 16 Sep 2026 |
| AUM | ₹78 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 09 Jul 2026 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.50% on or before 30D, Nil after 30D |
| Fund Managers | Nikunj Kumar Singhal, Rahul Singh (Tata) |
The fund is managed by Nikunj Kumar Singhal and Rahul Singh (Tata).
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.81% | -4.41% |
| 3M | Data not available | Data not available |
| 1Y | 0% | 0% |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
For a fund launched in July 2026, the short record naturally limits what can be read into the current performance profile. The 1-month figure shows some pressure in the recent period, and the fund has trailed the benchmark by a small margin over that window.
What matters more is the shape of the early journey. The daily path has not been smooth, with several dips and a partial recovery, which is typical of a new portfolio that is still settling into market moves. That means investors should treat the near-term pattern as a live signal rather than a mature trend.
The longer-horizon return fields are not yet meaningful in the usual sense because the scheme has only recently launched. In practical terms, the benchmark comparison is most useful for now: the fund has moved broadly in line with the market direction, but it has not yet built a differentiated track record.
Our reading is that this is a fund where the implementation idea matters more than historical compounding right now. Until the portfolio has a longer path behind it, investors will have to judge it mainly on its structure, risk label and how it behaves in shorter market cycles.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Tata Multi Sector Passive FOF?
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 Multi Sector Passive FOF? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Kotak Multi Factor Passive FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| ICICI Pru Multi-Asset Active FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Tata Multi Sector Passive FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| Kotak Diversified Equity All Cap Omni FOF Direct Growth Plan | Data not available | Data not available | Data not available |
| SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth Plan | Data not available | 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 available recent figures, the fund is broadly close to the benchmark but a little softer over the last month. That means the short-term reading does not yet point to a clear edge over the peer set, especially because the peer data shown here is also not yet long enough to establish a dependable longer-term comparison.
For now, the more important point is that the current fund’s short history makes the longer-term peer question largely open. Once the scheme has more time in market, the 3-year and 5-year comparisons will become far more useful than the early launch-period numbers.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Tata Nifty Midsmall Healthcare Index Fund | Domestic Mutual Funds Units | 16.94% |
| Motilal Oswal Nifty India Defence ETF | Domestic Mutual Funds Units | 11.02% |
| Tata Nifty 500 Multicap India Manufacturing 50 30 20 Index Fund | Domestic Mutual Funds Units | 10.23% |
| Tata Nifty Realty Index Fund | Domestic Mutual Funds Units | 10.22% |
| Tata Nifty India Tourism Index Fund | Domestic Mutual Funds Units | 9.88% |
| Tata BSE Multicap Consumption 50 30 20 Index Fund | Domestic Mutual Funds Units | 9.26% |
| Tata Nifty500 Multicap Infrastructure 50 30 20 Index Fund | Domestic Mutual Funds Units | 9.18% |
| Tata Nifty Capital Markets Index Fund | Domestic Mutual Funds Units | 8.96% |
| Tata Nifty Private Bank ETF | Domestic Mutual Funds Units | 8.11% |
| Mirae Asset Nifty Energy ETF | Domestic Mutual Funds Units | 6.07% |
The largest holding, Tata Nifty Midsmall Healthcare Index Fund, carries a 16.94% weight, so it is likely to have greater influence on the portfolio than any other single position. The next few holdings are also sizable, which means the portfolio starts with a fairly meaningful cluster of sector-linked exposures rather than one dominant sleeve.
The drop from the first holding to the tenth is noticeable but not extreme, moving from 16.94% to 6.07%. That pattern suggests the fund spreads risk across several building blocks, yet the top end still matters more because the first four to five positions all sit around the 10% mark or above.
Since the top 10 holdings account for 99.87% of the portfolio and the total disclosed holding count is 10, the visible structure is tightly packed within a small set of positions. That can make the fund more responsive to the behaviour of the sectors it tracks, while also leaving less room for a long tail to offset moves in the largest sleeves.
Source data date: as of 16 Sep 2026
Who should invest
This fund is suited to investors who are comfortable with High Risk positioning and can tolerate swings in the short term. The early return pattern and the recent benchmark softness suggest that it is better viewed as a longer-horizon allocation than a short trading idea.
The main trade-off is that you get a structured, sector-focused passive mix, but the portfolio can still move sharply because its building blocks are theme-heavy and the fund is still young. Investors who want a steadier, fully established track record may prefer to wait, while those who understand launch-stage volatility may find the structure more relevant than the current return history.
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: 0.50% if units are sold on or before 30 days; nil after 30 days.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Tata Multi Sector Passive FOF Direct Growth Plan?
The current NAV is ₹9.5568 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.
How has the fund behaved versus Nifty 50 recently?
Over the latest 1-month period, the fund returned -4.81% versus -4.41% for Nifty 50. That means it trailed the benchmark slightly in the near term.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the risk category of this fund?
It is classified as High Risk. The portfolio is also concentrated in a small set of sector-linked passive holdings, which can keep returns more sensitive to market swings.
Who manages the fund?
The fund is managed by Nikunj Kumar Singhal and Rahul Singh (Tata).
Bottom line
Tata Multi Sector Passive FOF Direct Growth Plan is still too new for a mature long-term return reading, so the recent performance and the launch-phase portfolio structure matter most. It has moved a little softer than Nifty 50 over the latest month, while the longer-horizon fields are not yet informative in a practical sense. The fund’s High Risk label and concentrated sector-style holdings make it more suitable for investors who can accept launch-stage uncertainty and want a theme-led passive allocation rather than a plain broad-market exposure.
Published on 17 September 2026 at 5:06 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.