Tata Digital India Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Tata Digital India Fund Direct Growth Plan currently has a NAV of ₹49.6282 as of 27 Aug 2026 and a scheme AUM of ₹10,214 Cr. Its 1-year, 3-year and 5-year returns are -8.85%, 7.66% and 5.32% respectively, and the fund sits in the High Risk category.

Our view is that this is a sector-led equity fund with meaningful exposure to IT, and that shows up in its recent volatility as well as its longer-run pattern. It can suit investors who can stay invested through swings and who want a portfolio that is much more concentrated than a broad market blend.

Quick facts

Metric	Details
NAV	₹49.6282
AUM	₹10,214 Cr
Expense Ratio	0.44%
Launch Date	28 Dec 2015
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.25% if units are sold on or before 30 days; no exit load after that holding period.
Fund Managers	Meeta Shetty; Hasmukh Vishariya

The fund is managed by Meeta Shetty and Hasmukh Vishariya.

Source data date: as of 27 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	1.29%	0.44%
3M	7.52%	2.31%
1Y	-8.85%	-2.53%
3Y	7.66%	6.72%
5Y	5.32%	7.06%

The near-term picture is mixed. Over 1 month and 3 months, the fund has done better than the benchmark, which suggests a short recovery after a weaker stretch. That said, the 1-year return is still negative at -8.85%, and that is materially below the benchmark’s -2.53%.

The 3-year return improves the picture. At 7.66%, the fund is slightly ahead of the benchmark’s 6.72%, so the medium-term trend is better than the one-year slump would suggest. Even so, the 5-year return of 5.32% trails the benchmark’s 7.06%, which tells us that the fund has not kept pace over a full cycle.

The time pattern also points to volatility rather than a smooth climb. There have been phases of recovery and pullback across the measured periods, so our view is that the fund has been capable of bursts of outperformance, but that has not yet translated into steady long-horizon leadership versus Nifty 50.

For investors, the key takeaway is that recent momentum is better than the one-year number alone implies, but the longer record still calls for patience. The fund appears to be more dependent on its sector bets than on broad market style balance.

Source data date: as of 27 Aug 2026

Should you BUY or HOLD Tata Digital India?

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 Digital India Fund Direct Growth Plan	-8.85%	7.66%	5.32%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	82.46%	39.16%	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	35.50%	Data not available	Data not available
Aditya Birla SL Mfg. Equity Fund Direct Growth Plan	29.89%	23.54%	17.01%
Motilal Oswal Active Momentum Fund Direct Growth Plan	28.19%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	28.01%	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 latest 1-year figure, this fund trails all the named peers with available data by a wide margin. The gap is especially visible against the stronger thematic peers, where 1-year returns are well into positive territory while this fund remains negative. That points to a much softer recent stretch for this strategy.

The longer view is more balanced. The fund’s 3-year return is better than the benchmark and above the available 3-year peer figures for the same comparison set? No—based on the numbers here, it is below Aditya Birla SL Mfg. Equity Fund Direct Growth Plan but above the benchmark. Its 5-year return is also below the benchmark and below the available 5-year figure for Aditya Birla SL Mfg. Equity Fund Direct Growth Plan. So the peer comparison tells two different stories: weaker recent performance, but a 3-year run that is closer to benchmark recovery territory.

Source data date: as of 27 Aug 2026

Portfolio: where your money goes

The portfolio has 59.95% in large caps, 17.52% in mid caps, 17.36% in small caps and 5.17% in other caps. That mix gives the fund a large-cap core, but the mid- and small-cap slices are still meaningful enough to add to return swings.

Market cap	Weight
Large cap	59.95%
Mid cap	17.52%
Small cap	17.36%
Other cap	5.17%

Sector	Weight	Top holdings
IT	75.08%	INFOSYS LTD (9.76%), ECLERX SERVICES LTD (6.73%)
RETAILING	6.38%	ETERNAL LTD (3.18%), SWIGGY LTD (0.76%)
CASH & CASH EQUIVALENTS AND NET ASSETS	5.54%	CASH / NET CURRENT ASSET (2.93%), B) REPO (1.02%)
TELECOM	4.54%	BHARTI AIRTEL LTD (2.53%), TATA COMMUNICATIONS LTD (0.56%)
AUTOMOBILE & ANCILLARIES	1.89%	CARTRADE TECH LTD (0.70%)

The IT sector is far larger than the next sector and is likely to have the greatest influence on how the fund behaves. A 75.08% weight in one sector means the portfolio is not diversified evenly across the market, even though it does hold positions outside technology.

Retailing, cash and telecom are present but much smaller, so they may add diversification only at the margin. The cash and net asset sleeve can help cushion day-to-day movement, but it does not change the fact that the fund’s character is still dominated by IT exposure.

Because the large-cap bucket is the largest market-cap block, the fund does retain some stability at the core. However, the mid-cap and small-cap exposure together are sizable enough to matter, and that combination can amplify sensitivity when the broader market becomes uneven.

Source data date: as of 27 Aug 2026

Who should invest

This fund may suit investors who are comfortable with High Risk equity exposure and can accept uneven return patterns. The 1-year number is weak, while the 3-year figure is better and the 5-year figure still trails the benchmark, so the holding period matters.

It is more appropriate for a longer horizon than a short one, because the portfolio is heavily tilted toward IT and also carries mid- and small-cap exposure. The main trade-off is that you get strong sector conviction, but you also take on a much higher chance that returns will move sharply with that sector’s cycle.

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% if units are sold on or before 30 days. No exit load after that holding period.

Source data date: as of 27 Aug 2026

Frequently asked questions

What is the current NAV of Tata Digital India Fund Direct Growth Plan?

The current NAV is ₹49.6282 as of 27 Aug 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year return is -8.85%, its 3-year return is 7.66% and its 5-year return is 5.32%.

How does the fund compare with its benchmark?

It is ahead of the benchmark over 1 month and 3 months, ahead over 3 years, but behind over 1 year and 5 years. The benchmark is Nifty 50.

How does it compare with the peer funds listed here?

Its 1-year return is weaker than the listed peers with available data, while its 3-year result is better than the benchmark but below the stronger peer figures shown. Its 5-year return also trails the available longer-term peer figure for Aditya Birla SL Mfg. Equity Fund Direct Growth Plan.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What risk level and portfolio style does it have?

The fund is marked High Risk. Its portfolio is dominated by IT at 75.08%, with additional exposure to retailing, cash and cash equivalents, telecom and automobile & ancillaries.

Bottom line

Tata Digital India Fund Direct Growth Plan looks like a sector-driven equity fund with a very strong tilt to IT and a High Risk profile. Its recent 1-year performance is weak, but the 3-year figure is healthier and the short-term bounce has been better than the longer 1-year record. Even so, the 5-year return still trails the benchmark, so the fund has not delivered consistent long-run leadership. It is best viewed as a concentrated, higher-volatility option for investors who can tolerate sector swings.

Published on 28 August 2026 at 10:50 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.