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

Tata Nifty India Digital ETF FoF Direct Growth Plan has a NAV of ₹13.7589 as of 16 September 2026 and an AUM of ₹117 Cr. Its 1-year, 3-year and 5-year returns are -6.89%, 8.47% and 0% respectively, and the scheme is tagged as High Risk. Our view is that this is a concentrated thematic fund-of-funds with a weak 1-year outcome but a better 3-year showing, so it suits investors who can stay with a digital-theme allocation through sharper swings.

The fund’s structure is simple, but that simplicity does not reduce volatility. With only one disclosed holding and a portfolio built almost entirely around a single digital ETF exposure, returns are likely to track the underlying theme closely. That means the fund can work as a satellite allocation for investors who understand the theme, but it is not a broad diversified core holding.

Quick facts

Particular	Details
NAV	₹13.7589 as of 16 Sep 2026
AUM	₹117 Cr
Expense Ratio	0.11%
Launch Date	13 Apr 2022
Min SIP	₹150
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Others
Exit Load	Nil upto 12% of investment and 1% for remaining investments on or before 365D, Nil after 365D
Fund Managers	Nitin Sharma, Rakesh Prajapati

The fund is managed by Nitin Sharma and Rakesh Prajapati.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.18%	-4.41%
3M	6.71%	-3.6%
1Y	-6.89%	-7.76%
3Y	8.47%	5.74%
5Y	Data not available	Data not available

The recent picture is mixed. Over 1 month, the fund declined less than the benchmark, which suggests some relative resilience in a weak stretch. Over 3 months, it recovered sharply while the benchmark stayed negative, so short-term momentum has clearly been better than the broad index.

The longer view is less dramatic but still positive. The 3-year return is above the benchmark’s 3-year return, which tells us the fund has added value over a fuller cycle even after periods of softness. The path has not been smooth, though: the 1-year figure remains negative, so the latest year has been more difficult than the 3-year period would suggest.

That contrast matters for theme investors. A fund tied to a digital-focused ETF can move in bursts, and the recent numbers show that behaviour. We see a pattern where shorter windows can swing sharply while the longer window still preserves a modest lead over the benchmark.

Because the 5-year figure is not available, we would avoid treating this as a long-established compounding story. The useful takeaway is narrower: recent momentum improved materially versus the benchmark, but the 1-year result still reminds investors that this can be a volatile exposure.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Tata Nifty India Digital ETF 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Tata Nifty India Digital ETF FoF Direct Growth Plan	-6.89%	8.47%	Data not available
DSP Silver ETF FoF Direct Growth Plan	74.79%	Data not available	Data not available
UTI Silver ETF FoF Direct Growth Plan	73.31%	45.21%	Data not available
ICICI Pru Silver ETF FOF Direct Growth Plan	72.38%	45.03%	Data not available
Tata Silver ETF FoF Direct Growth Plan	69.73%	Data not available	Data not available
UTI Gold ETF FoF Direct Growth Plan	35.4%	35.95%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year numbers, this fund trails the peers listed above by a wide margin, while its 3-year result is far lower than the available silver- and gold-linked peer figures. That creates two different stories: the fund has improved relative to its benchmark over shorter windows, but it has not matched the stronger return profile seen in the peer set on the periods where those peers have data.

For investors comparing theme funds, the short-term gap is the clearest point. The fund’s 1-year loss contrasts with much stronger peer gains, and the 3-year return also sits well below the peer figures that are available. The comparison therefore points to a fund that has behaved more modestly than the peer group on return delivery, even though it has still done better than the benchmark over 3 years.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Tata Nifty India Digital Exchange Traded Fund	Domestic Mutual Funds Units	99.84%

The single disclosed holding carries 99.84% weight, so the fund is effectively built around one underlying ETF position. That makes the largest holding highly influential in absolute terms, because almost the entire portfolio depends on how that one exposure behaves.

There is no falling-away pattern across multiple holdings to study here, since only one holding is disclosed. In practical terms, this means the portfolio is not spread across a long tail of positions; it is much more concentrated than a typical diversified mutual fund. The disclosed holdings account for 99.84% of the portfolio, and the total number of disclosed holding rows is 1.

That concentration may increase the fund’s sensitivity to moves in the digital theme and to changes in the underlying ETF’s own market behaviour. For an investor, the key point is not hidden diversification but visible simplicity: one position dominates, so the fund’s return path is likely to be driven primarily by that exposure.

Source data date: as of 16 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate High Risk exposure and do not need smooth short-term outcomes. The 1-year loss, paired with a positive 3-year return and a weak 5-year data point, suggests that the fund can recover over time but may still be uneven along the way.

We think the more appropriate horizon is medium to long term, especially for investors using it as a theme allocation rather than a core equity holding. The benchmark comparison shows that the fund has sometimes held up better than the index, but that has not translated into consistently strong peer-level returns.

The main trade-off is straightforward: you get focused exposure to the digital theme with a very low expense ratio, but you also accept a concentrated portfolio and a return path that can move sharply from one period to the next.

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

• Nil up to 12% of investment and 1% for remaining investments on or before 365D.
• No exit load after the holding period.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Tata Nifty India Digital ETF FoF Direct Growth Plan?
The current NAV is ₹13.7589 as of 16 September 2026.

How has Tata Nifty India Digital ETF FoF Direct Growth Plan performed over 1 year, 3 years and 5 years?
Its 1-year return is -6.89%, its 3-year return is 8.47%, and its 5-year return is not available.

How does this fund compare with the benchmark?
It has outperformed the Nifty 50 over 3 years, with 8.47% versus 5.74%, and it has also fallen less than the benchmark over 1 month and 1 year.

How does it compare with the peer funds listed here?
On the available 1-year and 3-year figures, the fund trails the peer returns shown in the comparison table. The gap is especially large on the 1-year numbers.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹150.

What are the fund’s risk and exit-load features?
The fund is tagged High Risk, and the disclosed exit-load rule is nil up to 12% of investment and 1% for remaining investments on or before 365D, with no exit load after that holding period.

Bottom line

Tata Nifty India Digital ETF FoF Direct Growth Plan has shown a mixed pattern: the 1-year return is negative, while the 3-year result is positive and better than the benchmark. Against the peer figures available here, though, the fund looks weaker on return delivery over both 1-year and 3-year windows. The portfolio is also extremely concentrated, with one disclosed holding accounting for almost the entire allocation. That makes it a focused, high-risk thematic exposure rather than a broad core equity holding.

Published on 17 September 2026 at 3:00 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.