Tata BSE Quality Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Tata BSE Quality Index Fund Direct Growth Plan closed at ₹10.9498 as of 15 Sep 2026 and had an AUM of ₹57 Cr. Its 1-year, 3-year and 5-year returns are -0.98%, 0% and 0%, respectively, and the scheme sits in the High Risk category.

Our view is that this fund is still building its track record, so the short history matters more than any long-term pattern at this stage. The portfolio leans toward quality-style large-cap names across industrials, consumer, IT and auto-linked businesses, which may help explain why the fund can behave differently from the Nifty 50 benchmark.

Quick facts

Particular	Details
NAV	₹10.9498 as of 15 Sep 2026
AUM	₹57 Cr
Expense Ratio	0.34%
Launch Date	03 Apr 2025
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 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-6.38%	-4.81%
3M	-4.79%	-3.63%
1Y	-0.98%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent performance has been weak in the shorter windows. Over 1 month and 3 months, the fund declined more than the Nifty 50 benchmark, which tells us the scheme has not been a defensive shelter in the latest stretch. That matters for investors who expect an index fund to closely shadow the market; here, the tracking pattern has been less steady in the near term.

The one-year picture is more encouraging than the recent monthly numbers. The fund’s -0.98% return is materially better than the benchmark’s -8.27% fall, so the scheme has protected capital better over the full year even though the latest months were soft. In other words, the fund has not moved in a straight line, but the broader one-year result is less negative than the index it follows.

Because the scheme launched in April 2025, the 3-year and 5-year figures are not available yet. That limits how strongly we can read the longer-compounding story. For now, our view is that investors should focus on the one-year behavior and the recent drawdown pattern rather than expecting a mature long-run record.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Tata BSE Quality 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Tata BSE Quality Index Fund Direct Growth Plan	-0.98%	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 below all five peers shown here with available 1-year data. The gap is especially clear versus the stronger peer numbers in the 18% to 33% range, which means the fund has had a much softer recent run than several other index strategies in this set. That does not by itself define the fund’s suitability, but it does show that short-term momentum has been absent.

On the longer horizon that is available, the comparison is mixed. The fund does not yet have 3-year or 5-year history, while two peers do show positive 3-year figures and one shows a positive 1-year and 3-year record. So the available peer set suggests that some index funds in the broader universe have already established stronger multi-year compounding, whereas this scheme is still too early in its life to make the same case.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Hindustan Aeronautics Ltd	Capital Goods	6.81%
Nestle India Ltd	FMCG	6.06%
Ge Vernova T&D India Ltd	Capital Goods	5.88%
Cummins India Ltd	Automobile & Ancillaries	5.85%
Hero Motocorp Ltd	Automobile & Ancillaries	5.66%
Tata Consultancy Services Ltd	IT	5.46%
Dixon Technologies (India) Ltd	Consumer Durables	5.32%
Hindustan Unilever Ltd	FMCG	5.25%
Suzlon Energy Ltd	Capital Goods	5.08%
Infosys Ltd	IT	5.02%

The top 10 holdings account for approximately 56.39% of the portfolio.

To see all holdings, visit the Tata BSE Quality Index Fund Direct Growth Plan page

The largest holding, Hindustan Aeronautics Ltd, has a weight of 6.81%, which is meaningful but not extreme for a concentrated equity index fund. The gap from the first holding to the tenth holding is only modest, with Infosys Ltd at 5.02%, so the top positions are fairly tightly grouped rather than sharply stepped down.

That said, the displayed holdings still account for 56.39% of the portfolio, so a little over half the scheme sits in the first ten names while 18 more disclosed holdings make up the rest. Our view is that this suggests moderate concentration in a handful of positions, but not a narrow one-stock style structure. The mix across capital goods, FMCG, auto and IT also points to a diversified large-cap style exposure rather than a single-sector bet.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with near-term swings. The recent one-month and three-month weakness shows that it can lag the benchmark in choppy periods, even though the one-year figure has been less negative than the Nifty 50.

The main trade-off is between index-style diversification and an uneven short history. Investors with a medium-to-long horizon who want a quality-tilted equity exposure may find the portfolio structure understandable, but they should be ready for periods when returns do not move smoothly and the track record is still developing.

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 15 Sep 2026

Frequently asked questions

What is the current NAV of Tata BSE Quality Index Fund Direct Growth Plan?
The current NAV is ₹10.9498 as of 15 Sep 2026.

How have the fund’s returns been recently?
Its 1-year return is -0.98%, while the 3-year and 5-year returns are not available yet. The latest monthly numbers are weaker than the one-year result.

How does it compare with the benchmark?
The fund’s 1-year return of -0.98% is better than the benchmark’s -8.27% over the same period. In the shorter 1-month and 3-month windows, the fund has lagged the benchmark.

How does it compare with the peer funds shown here?
Its 1-year return is below the peer funds shown with available 1-year data. Some peers also have positive 3-year records, while this scheme does not yet have a 3-year history.

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

Tata BSE Quality Index Fund Direct Growth Plan has a short history, a High Risk profile and a portfolio built around large-cap quality names. Its recent monthly performance has been weak, but the one-year result is less negative than the benchmark, which gives the scheme a somewhat better full-year picture than its latest stretch suggests. Compared with the peer set shown here, the recent return is subdued. This fund is better suited to investors who can accept volatility and want a quality-tilted index exposure while the record continues to mature.

Published on 16 September 2026 at 3:01 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.