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

Tata Digital India Fund Direct Growth Plan is at a NAV of ₹47.93 as of 10 Sep 2026, with scheme AUM of ₹10,322 Cr. Its 1-year, 3-year and 5-year returns are -11.66%, 4.59% and 3.72% respectively, and the fund sits in the High Risk bucket.

Our view is that this is a sector-focused equity option that can suit investors who accept sharp swings and want a digital-theme allocation rather than a broad market core holding. The portfolio is led by large IT names, so the outcome may be shaped more by technology-led cycles than by the wider market benchmark.

Quick facts

Particular	Details
NAV	₹47.93 as of 10 Sep 2026
AUM	₹10,322 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% on or before 30D
Fund Managers	Meeta Shetty, Hasmukh Vishariya

The fund is managed by Meeta Shetty and Hasmukh Vishariya.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.63%	-4.06%
3M	7.46%	1.37%
1Y	-11.66%	-7.31%
3Y	4.59%	6.07%
5Y	3.72%	5.91%

The recent pattern is mixed, but the short-term recovery in the 3-month period stands out against the weaker 1-month reading. That tells us the fund can move quickly when the underlying technology segment improves, but it can also give back gains just as fast when sentiment softens.

Over one year, the fund is still in negative territory and trails the benchmark. That is an important signal because it shows the recent stretch has been harder than the wider market. For investors, the key point is that a digital-tilted portfolio may not move in step with a broad index even when the index itself is under pressure.

The 3-year and 5-year figures are positive, but both remain below the benchmark. The longer record therefore suggests steady but not standout compounding relative to Nifty 50. Our read is that the fund has not converted its theme exposure into stronger benchmark-beating consistency over full market cycles.

Even so, the return path is not a straight decline. The multi-period pattern suggests intermittent rebounds, which is typical of a focused equity strategy. The main question for an investor is whether the higher volatility and theme concentration are acceptable in exchange for the possibility of stronger upside when technology leadership returns.

Source data date: as of 10 Sep 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	-11.66%	4.59%	3.72%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The comparison shows a clear gap in recent momentum: the fund’s 1-year return is negative while the peer set shown here has strong positive 1-year numbers. That does not by itself settle the long-term picture, but it does mean the fund has lagged this peer group in the most recent stretch.

On longer periods, the fund’s 3-year and 5-year returns remain positive, yet they are still lower than the benchmark and well below the available 3-year peer figure where one is shown. The short-term story is therefore much weaker than the stronger peer numbers, while the longer-term story is more subdued rather than decisively broken.

For investors, that split matters. The fund can be read as a more cautious theme play than some of the sharper-moving sector funds in the table, but it has not matched their recent upside. The decision point is whether the portfolio’s digital orientation is worth accepting that trade-off.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Infosys Ltd	IT	15.61%
Tata Consultancy Services Ltd	IT	11.19%
Tech Mahindra Ltd	IT	9.25%
Eternal Ltd	Retailing	7.02%
Bharti Airtel Ltd	Telecom	4.69%
PB Fintech Ltd	IT	4.24%
Persistent Systems Ltd	IT	3.71%
HCL Technologies Ltd	IT	3.41%
Wipro Ltd	IT	3%
Cash / Net Current Asset	Cash & Cash Equivalents and Net Assets	2.64%

The top 10 holdings account for approximately 64.76% of the portfolio.

To see all holdings, visit the Tata Digital India Fund Direct Growth Plan page

The largest holding, Infosys Ltd, carries a 15.61% weight, so it is likely to have greater influence on the fund’s near-term movement than any other single position. After that, the weights step down to 11.19% and 9.25%, which still leaves the top three with a visibly heavier imprint than the rest.

By the tenth position, the weight has fallen to 2.64%, so the structure is meaningfully front-loaded. That shape suggests the fund is not evenly spread across its disclosed names; instead, a few large positions may drive a sizeable share of the experience, while the rest provide a longer tail of smaller contributions.

The combined weight of the top 10 holdings also points to concentration in the visible book. With 40 total holdings disclosed, the portfolio does show breadth beyond the largest names, but the main portfolio influence appears to sit in a relatively narrow cluster of large-cap technology holdings.

Source data date: as of 10 Sep 2026

Who should invest

This fund may suit investors who can tolerate High Risk exposure and who are comfortable with a theme-led equity allocation rather than a broad market core. The return pattern shows that short-term outcomes can be weak even when the longer record remains positive, so the holding period needs to be long enough to absorb swings.

It is better aligned with investors who can wait through periods when the benchmark or peers look stronger in the near term. The trade-off is clear: you are accepting concentration in a technology-heavy portfolio and the possibility of uneven performance in exchange for participation in digital-led upside when that part of the market is in favour.

The fund looks more appropriate as a satellite holding than as the main equity engine in a portfolio. Investors who prefer steadier benchmark-like movement may find the volatility uncomfortable, while those who understand the cycle risk in focused thematic equity may view the same volatility as part of the opportunity.

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 applies after the holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Tata Digital India Fund Direct Growth Plan?
The current NAV is ₹47.93 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is -11.66%, its 3-year return is 4.59%, and its 5-year return is 3.72%.

How does the fund compare with the benchmark?
It trails the benchmark across the 1-year, 3-year and 5-year periods shown here. The gap is most visible in the recent 1-year figure.

How does the fund compare with the peer funds shown here?
Its recent 1-year return is below each of the peer funds listed in the comparison table. The longer-period picture is more mixed, but the fund still looks weaker than the stronger 3-year peer figure that is available.

What is the exit load?
The exit load is 0.25% if units are sold on or before 30 days. There is no exit load after the holding period.

Who manages the fund?
The fund is managed by Meeta Shetty and Hasmukh Vishariya.

Bottom line

Tata Digital India Fund Direct Growth Plan has a clear split between its short-term weakness and its longer record of positive, but still modest, compounding. It has also lagged the benchmark over the periods shown, while several comparable theme funds have delivered far stronger recent numbers. The portfolio is heavily tilted toward a few large IT names, which increases the influence of a narrow set of holdings. That makes the fund most relevant to investors who can accept High Risk and a concentrated digital theme.

Published on 11 September 2026 at 5:59 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.