Taurus Ethical Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Taurus Ethical Fund Direct Growth Plan has a NAV of ₹141.56 as of 18 Sep 2026, with scheme AUM of ₹441 Cr. Its 1-year, 3-year and 5-year returns are -2.87%, 8.51% and 8.73%, and the scheme is classified as High Risk.

Our view is that this is a diversified equity fund with a fairly concentrated top book and a long enough track record to judge how it has behaved through different market phases. The recent stretch has been softer than the longer-term trend, so the fund looks more suitable for investors who can accept equity volatility and want a multi-year holding period rather than a quick outcome.

Quick facts

Particular	Details
NAV	₹141.56 as of 18 Sep 2026
AUM	₹441 Cr
Expense Ratio	0.97%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 365D, Nil after 365D
Fund Managers	Anuj Kapil

The fund is managed by Anuj Kapil.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.42%	-3.73%
3M	-1.4%	-3.14%
1Y	-2.87%	-5.31%
3Y	8.51%	6.3%
5Y	8.73%	5.79%

The short-term picture has been weak. Over 1 month the fund declined more than the benchmark, and the 3-month period also finished negative, though the fall was smaller than the benchmark’s. That tells us the recent phase has not been smooth, but it has still held up a little better than the index over the 3-month and 1-year windows.

The 1-year return is still negative at -2.87%, so the fund has not yet fully recovered from the more difficult part of the cycle. Even so, it was ahead of the benchmark over the same period, which also ended negative at -5.31%. For investors, that matters more than a single bad quarter because it shows the fund has not simply tracked the market down one-for-one.

The longer view is stronger. The 3-year and 5-year returns are both positive and both ahead of the benchmark, which suggests the fund has been able to compound better than the index across a fuller market cycle. Our read is that the recent softness sits inside a longer pattern of moderate but positive growth, rather than a collapse in medium-term behaviour.

The daily path also points to intermittent recoveries and pullbacks rather than a straight line. That sort of pattern is consistent with an equity strategy that can participate in upswings but still experiences noticeable drawdowns along the way. In practical terms, the fund looks better judged over several years than over a few months.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Taurus Ethical?

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
Taurus Ethical Fund Direct Growth Plan	-2.87%	8.51%	8.73%
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	65.43%	35.11%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.29%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	27.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.8%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	24.4%	Data not available	Data not available

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

The fund’s 1-year return trails several of the peer funds shown here, while its 3-year and 5-year numbers are materially lower than the strongest peer example with available longer-term figures. That said, the comparison is not one-sided: the fund’s longer-term returns are positive and improve meaningfully versus the benchmark, which is a different pattern from the stronger one-year momentum seen in some peers. The short-term and longer-term stories therefore point in different directions.

For readers focused on recent performance, the peer set shows much stronger 1-year outcomes elsewhere. For readers looking at multi-year compounding, Taurus Ethical Fund Direct Growth Plan still shows a steadier case than its recent numbers suggest, although the gap to the most dynamic peers remains visible. The useful takeaway is that this fund looks more like a multi-year equity holding than a short-term performance chase.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Reliance Industries Ltd.	Crude Oil	7.23%
Tata Consultancy Services Ltd.	IT	5.11%
Infosys Ltd.	IT	4.4%
TVS Motor Company Ltd.	Automobile & Ancillaries	3.14%
Oracle Financial Services Software Ltd.	IT	3.11%
Persistent Systems Ltd.	IT	2.98%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	2.82%
Hindustan Unilever Ltd.	FMCG	2.74%
PG Electroplast Ltd.	Consumer Durables	2.7%
Linde India Ltd.	Inds. Gases & Fuels	2.55%

The top 10 holdings account for approximately 36.78% of the portfolio.

To see all holdings, visit the Taurus Ethical Fund Direct Growth Plan page

The largest holding, Reliance Industries Ltd., carries a 7.23% weight, which is meaningful but not overwhelming for a single position. The next few positions remain in the mid-single digits, and the tenth holding is down to 2.55%, so the weight does taper off gradually rather than dropping sharply after the first name.

That structure suggests the portfolio may be driven by a handful of larger positions, but not by just one dominant bet. With the top 10 holdings at 36.78% and 56 disclosed holdings in total, the fund appears to spread the rest of the exposure across a longer tail of smaller positions. Our view is that this can soften dependence on any single stock while still leaving the larger names likely to have greater influence on returns.

The sector mix inside the top holdings is also fairly varied, with IT, automobiles, FMCG, consumer durables and industrial gases all represented. That kind of spread may help balance stock-specific risk, although the individual weights still show that the portfolio is not evenly balanced across all names.

Source data date: as of 18 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate High Risk equity volatility and are comfortable with uneven short-term performance. The negative 1-year return shows that recent returns have been choppy, but the 3-year and 5-year numbers are positive and better than the benchmark, which supports a longer holding period.

In our view, the main trade-off is between short-term softness and the chance of better multi-year compounding. Investors who want a steadier, lower-volatility profile may find the recent moves difficult to absorb, while those who can stay invested through market swings may be more comfortable with the fund’s longer-term pattern.

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: 1% if units are sold on or before 365 days; nil after 365 days.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Taurus Ethical Fund Direct Growth Plan?

The current NAV is ₹141.56 as of 18 Sep 2026.

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

The 1-year return is -2.87%, the 3-year return is 8.51%, and the 5-year return is 8.73%.

How does the fund compare with its benchmark?

It has outpaced the benchmark over 3 years and 5 years, and it also held up better than the benchmark over 1 year. The 1-month and 3-month periods were negative, so recent performance has been weaker.

Who manages the fund?

The fund is managed by Anuj Kapil.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What is the exit load and what risk category does the fund fall under?

The exit load is 1% if units are sold on or before 365 days, and nil after 365 days. The scheme falls under High Risk.

Bottom line

Taurus Ethical Fund Direct Growth Plan has a weaker recent stretch than its longer-term record, but the multi-year numbers remain positive and ahead of the benchmark. The peer set also shows that the fund has not matched the strongest recent one-year momentum, even though its longer-term compounding is still respectable. With a High Risk profile and a portfolio led by a few meaningful positions rather than one outsized bet, it looks best suited to investors who can hold through short-term swings and judge it over several years.

Published on 21 September 2026 at 11:02 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.