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

Tata Nifty Auto Index Fund Direct Growth Plan has a NAV of ₹12.569 as of 10 Sep 2026 and an AUM of ₹105 Cr. Its 1-year, 3-year and 5-year returns are 2.16%, 0% and 0%, and the scheme sits in the High Risk category.

Our view is that this is a focused auto-sector index fund with a narrow theme and a volatile return pattern. The combination of a concentrated holdings mix, sector-only exposure and modest recent gains means it is more suitable for investors who can tolerate sharp swings and want a tactical allocation rather than a core holding.

Quick facts

Particular	Details
NAV	₹12.569 as of 10 Sep 2026
AUM	₹105 Cr
Expense Ratio	0.5%
Launch Date	26 Apr 2024
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 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-6.54%	-4.06%
3M	7.34%	1.37%
1Y	2.16%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The fund has been uneven in the near term. The 1-month return is negative, but the 3-month return is clearly stronger and shows a recovery after a softer patch. That kind of short-run movement is consistent with a theme fund that can move quickly when auto stocks catch a bid, but it can also give back gains just as fast.

Against the benchmark, the fund has done better over 3 months and 1 year. The 1-year return of 2.16% stands well above the benchmark’s -7.31%, which tells us the fund has held up better over the latest year even though the most recent month was weak. The 3-month return is also ahead of the benchmark by a wide margin.

The longer path still looks short and choppy rather than smooth. Because the fund launched in 2024, there is no 3-year or 5-year history to assess, so the current picture is mainly about how the strategy has behaved through one year of live performance. Our reading is that the fund has shown some resilience recently, but it has not yet built a long track record that would soften the swings visible in the monthly pattern.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Tata Nifty Auto 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 Nifty Auto Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Tata Nifty Auto Index Fund Direct Growth Plan	2.16%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	33.08%	30.07%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.95%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.94%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	24.33%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	23.74%	Data not available	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 leading peer returns in this set, even though it has beaten the benchmark over the same period. That tells us the fund’s recent improvement is real, but it has not matched the stronger one-year compounding shown by several other thematic index funds in the comparison set.

On the longer horizon, the comparison is limited because the current fund does not yet have 3-year or 5-year figures. Among the peers with longer history, ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan has strong 3-year performance, while the current fund has no comparable long-run record to place against it. The short-term and longer-term pictures therefore point in different directions: the fund looks better versus its benchmark than it does versus the peer set, but its own history is still too short for a full long-horizon read.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mahindra & Mahindra Ltd	Automobile & Ancillaries	23.58%
Maruti Suzuki India Ltd	Automobile & Ancillaries	14.43%
Bajaj Auto Ltd	Automobile & Ancillaries	9.92%
Eicher Motors Ltd	Automobile & Ancillaries	8.39%
TVS Motor Company Ltd	Automobile & Ancillaries	7.87%
Tata Motors Passenger Vehicles Ltd	Automobile & Ancillaries	5.52%
Hero Motocorp Ltd	Automobile & Ancillaries	5.43%
Samvardhana Motherson International Ltd	Automobile & Ancillaries	5.18%
Bharat Forge Ltd	Automobile & Ancillaries	4.56%
Ashok Leyland Ltd	Automobile & Ancillaries	3.7%

The top 10 holdings account for approximately 88.58% of the portfolio.

To see all holdings, visit the Tata Nifty Auto Index Fund Direct Growth Plan page

The largest holding, Mahindra & Mahindra Ltd, carries a weight of 23.58%, so it is likely to have a meaningful influence on day-to-day movement. The gap from the first holding to the tenth is substantial, with the tenth holding at 3.7%, which suggests the portfolio is not evenly spread across its biggest positions.

That pattern points to meaningful concentration in a handful of auto names rather than a broad balance across many similarly sized positions. With 15 disclosed holdings and nearly 89% of the portfolio in the top 10, the fund may move in line with the biggest auto constituents more than with the smaller tail holdings. For investors, that means the theme can work sharply when leading auto stocks are strong, but it may also limit diversification inside the scheme.

Source data date: as of 10 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk exposure and can stay invested through sharp sector swings. The return pattern shows a positive 1-year outcome but a weak latest month, so the ride is unlikely to feel smooth.

It is better suited to a longer horizon than a short one, especially because the scheme is young and does not yet have 3-year or 5-year history. The main trade-off is simple: you get focused exposure to the auto theme, but you must accept that the same focus can make performance more uneven than a diversified equity fund.

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. 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 Nifty Auto Index Fund Direct Growth Plan?
The current NAV is ₹12.569 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 2.16%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have those full histories.

How has the fund performed versus its benchmark?
Over 1 year, the fund has returned 2.16% versus the benchmark’s -7.31%. Over 3 months, it has also been stronger than the benchmark.

How does it compare with the peer funds shown here?
Its 1-year return is well below the stronger peer returns in the comparison set, although it has still stayed ahead of the benchmark over the same period.

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. Exit load is 0.25% if units are sold on or before 15 days, and there is no exit load after that period.

Bottom line

Tata Nifty Auto Index Fund Direct Growth Plan shows a better near-term picture than its benchmark, but its short history and uneven monthly movement mean the longer view is still limited. Compared with the peer set shown here, its 1-year return is weaker, even though the fund has stayed ahead of the benchmark. The portfolio is heavily tilted toward a few large auto names, so the scheme may suit investors who want concentrated thematic exposure and can handle High Risk volatility.

Published on 11 September 2026 at 12:54 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.