Aditya Birla Sun Life Msci India ETF vs Tata Multicap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Tata Multicap Fund is a Multi Cap fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Tata Multicap Fund 0.82%. Their portfolios overlap 33.7%: they hold 39 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Which is better, Aditya Birla Sun Life Msci India ETF or Tata Multicap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 0.82%.
- Tata Multicap fell less in its worst fall since 20-02-2026: −11.6% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 39.5%.
- Tata Multicap is the larger fund: ₹3,409 Cr against ₹11 Cr.
- Their portfolios overlap 33.7%: 39 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Msci India ETF | Tata Multicap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Tata Mutual Fund |
| Category | ETF | Multi Cap |
| AUM | ₹11 Cr (30-09-2026) | ₹3,409 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹15.25 (Direct) |
| Expense ratio (Direct) | Not available | 0.82% |
| Expense ratio (Regular) | Not available | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 17-02-2026 | 02-02-2023 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹5,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 30 days. |
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Tata Multicap Fund (Direct) | −1.68% | −6.58% | −0.16% | −0.78% | +9.40% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Tata MulticapTata Multicap |
|---|---|---|
| 2026to date | -- | −1.66% |
| 2025 | -- | +4.65% |
| 2024 | -- | +14.27% |
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Tata Multicap Fund
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +11.46% |
| Standard deviation | 15.37% | 14.14% |
| Sharpe ratio | -1.03 | 0.37 |
| Sortino ratio | -1.35 | 0.50 |
| Maximum drawdown | −12.5% (31-03-2026) | −22.4% (28-02-2025) |
| Beta | -- | 0.97 |
| Alpha | -- | −2.32% |
From daily NAVs, 20-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Msci India ETF
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Tata Multicap Fund (Direct) | −11.6% | 26-02-2026 | 31-03-2026 | 21-04-2026 | 21 days | −8.3% |
| Nifty500 Multicap 50:25:25 TRI | −12.1% | 26-02-2026 | 30-03-2026 | 06-05-2026 | 37 days | −8.0% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Tata Multicap Fund, September 2026
Holdings in common
- Overlap
- 33.7%
- Held by both
- 39
- Only in Aditya Birla Sun Life Msci India ETF
- 126
- Only in Tata Multicap
- 39
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Tata Multicap |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 7.22% |
| Reliance Industries Ltd. | 5.44% | 2.44% |
| Axis Bank Ltd. | 2.25% | 2.16% |
| ICICI Bank Ltd. | 5.59% | 2.00% |
| Kotak Mahindra Bank Ltd. | 1.82% | 1.83% |
| Bharti Airtel Ltd. | 3.93% | 1.80% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.69% |
| Infosys Ltd. | 2.41% | 1.18% |
| Maruti Suzuki India Ltd. | 1.13% | 1.76% |
| NTPC Ltd. | 1.12% | 2.20% |
| Shriram Finance Ltd. | 1.11% | 1.15% |
| State Bank of India | 1.41% | 0.96% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 3.69% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.86% |
| Adani Enterprises Ltd. | 0.59% | 0.89% |
| Samvardhana Motherson International Ltd. | 0.55% | 1.05% |
| Cummins India Ltd. | 0.50% | 0.91% |
| Dr. Reddy's Laboratories Ltd. | 0.49% | 0.99% |
| The Indian Hotels Company Ltd. | 0.48% | 1.51% |
| The Federal Bank Ltd. | 0.46% | 1.21% |
| ITC Ltd. | 0.63% | 0.46% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 0.82% |
| Varun Beverages Ltd. | 0.44% | 0.78% |
| Persistent Systems Ltd. | 0.43% | 0.48% |
| Dixon Technologies (India) Ltd. | 0.39% | 1.76% |
| Indus Towers Ltd. | 0.37% | 1.37% |
| APL Apollo Tubes Ltd. | 0.31% | 0.66% |
| United Spirits Ltd. | 0.31% | 1.59% |
| ICICI Lombard General Insurance Company Ltd. | 0.31% | 1.06% |
| Adani Energy Solutions Ltd. | 0.22% | 1.01% |
| Mphasis Ltd. | 0.20% | 0.63% |
| Prestige Estates Projects Ltd. | 0.20% | 0.85% |
| Vishal Mega Mart Ltd. | 0.19% | 1.75% |
| NMDC Ltd. | 0.19% | 0.68% |
| Godrej Properties Ltd. | 0.18% | 0.53% |
| Indian Bank | 0.17% | 1.30% |
| Voltas Ltd. | 0.17% | 0.78% |
| Havells India Ltd. | 0.17% | 1.08% |
| PI Industries Ltd. | 0.13% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.7% means 33.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 2.02% |
| Bajaj Finance Ltd. | 1.91% |
| Tata Consultancy Services Ltd. | 1.33% |
| Sun Pharmaceutical Industries Ltd. | 1.30% |
| Titan Company Ltd. | 1.30% |
Largest holdings only in Tata Multicap Fund
| Security | % of fund |
|---|---|
| PEARL GLOBAL INDUSTRIES LTD | 2.18% |
| DR. LAL PATH LABS LTD | 1.98% |
| METROPOLIS HEALTHCARE LTD | 1.74% |
| SPR AUTO TECHNOLOGIES LTD | 1.67% |
| BANDHAN BANK LTD | 1.57% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Tata Multicap |
|---|---|---|
| Equity | 99.8% | 94.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 5.9% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Tata Multicap |
|---|---|---|
| Large Cap | 80.6% | 39.5% |
| Mid Cap | 19.2% | 26.6% |
| Small Cap | 0.0% | 27.1% |
| Not on AMFI's list | 0.0% | 0.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Msci India ETF | Tata Multicap |
|---|---|---|
| Banks | 20.3% | 19.6% |
| Healthcare Services | 1.5% | 8.6% |
| Auto Components | 1.4% | 6.6% |
| IT - Software | 6.6% | 4.0% |
| Petroleum Products | 6.4% | 2.4% |
| Finance | 6.3% | 5.0% |
| Automobiles | 6.2% | 4.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 2.3% |
| Industrial Products | 1.3% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Tata Multicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Tata Multicap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.82% |
| Base expense ratio (Direct) | 0.00% | 0.48% |
| Total expense ratio (Regular) | Not available | 2.18% |
| Base expense ratio (Regular) | 0.16% | 1.65% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Aditya Birla Sun Life Msci India ETF vs Tata Multicap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Tata Multicap Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Tata Multicap Fund is a Multi Cap fund, run by Aditya Birla Sun Life Mutual Fund and Tata Mutual Fund. Their portfolios overlap 33.7%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Tata Multicap Fund 0.82%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Tata Multicap Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.82%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Tata Multicap Fund overlap?
33.7%. They hold 39 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Tata Multicap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Tata Multicap Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 14.14% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Tata Multicap Fund?
Yes. 33.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Tata Multicap Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Tata Multicap Fund: Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.