Tata Ethical Fund vs UTI Nifty 200 Quality 30 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Ethical Fund is a Thematic fund and UTI Nifty 200 Quality 30 Index Fund is an Index fund. In the year to 30-10-2026, Tata Ethical Fund (Direct) returned −8.6% and UTI Nifty 200 Quality 30 Index Fund (Direct) returned −9.4%. Tata Ethical Fund charges 0.84% a year and UTI Nifty 200 Quality 30 Index Fund 0.66% (Direct plans). Their portfolios overlap 28.8%: they hold 12 of the same securities.
UTI Nifty 200 Quality 30 Index Fund
Index
- 1 year return
- −9.4%
- Expense ratio
- 0.66%
- NAV
- ₹8.36
Which is better, Tata Ethical or UTI Nifty 200 Quality 30 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Ethical returned more over 1 year: −8.6% against −9.4%.
- UTI Nifty 200 Quality 30 Index costs less: 0.66% a year against 0.84% (Direct plans).
- Tata Ethical fell less in its worst fall since 24-09-2024: −21.7% against −22.6%.
- UTI Nifty 200 Quality 30 Index holds more in large companies: 73.1% of the fund in large caps against 52.7%.
- Tata Ethical is the larger fund: ₹3,619 Cr against ₹500 Cr.
- Their portfolios overlap 28.8%: 12 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 | Tata Ethical Fund | UTI Nifty 200 Quality 30 Index Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹3,619 Cr (30-09-2026) | ₹500 Cr (30-09-2026) |
| NAV | ₹403.18 (Direct) | ₹8.36 (Direct) |
| Expense ratio (Direct) | 0.84% | 0.66% |
| Expense ratio (Regular) | 1.97% | 1.11% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 Shariah TRI | Nifty 200 Quality 30 TRI |
| Launch date | 05-08-1996 | 20-09-2024 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhinav Sharma | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | 0.50% of NAV if redeemed/switched out on or before 90 days from the date of allotment | Nil |
Tata Ethical vs UTI Nifty 200 Quality 30 Index: 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 |
|---|---|---|---|---|---|---|---|
| Tata Ethical Fund (Direct) | +1.66% | −5.67% | −2.80% | −8.64% | +5.40% | +6.37% | +11.26% |
| UTI Nifty 200 Quality 30 Index Fund (Direct) | +0.08% | −8.10% | −5.36% | −9.40% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Tata Ethical vs UTI Nifty 200 Quality 30 Index: Year-wise Returns
| Year | Tata EthicalTata Ethical | UTI Nifty 200 Quality 30 IndexUTI Nifty 200 Quality 30 Index |
|---|---|---|
| 2026to date | −9.74% | −10.63% |
| 2025 | −0.09% | +4.18% |
| 2024 | +14.61% | -- |
| 2023 | +28.27% | -- |
| 2022 | −5.36% | -- |
| 2021 | +46.56% | -- |
Tata Ethical vs UTI Nifty 200 Quality 30 Index: Rolling Returns
Every holding period of both funds, against Nifty500 Shariah TRI, the benchmark of Tata Ethical Fund
Rolling returns
Every 1-year holding period, 269 of them, one for each trading day from 24-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Tata Ethical Fund (Direct)
UTI Nifty 200 Quality 30 Index Fund (Direct)
Nifty500 Shariah TRI
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata Ethical | 72.9 | 23.4 | 3.7 | 0.0 | 0.0 | 0.0 | 0.0 | −3.1% | −3.4% | −12.8% | 8.3% | 33% |
| UTI Nifty 200 Quality 30 Index | 49.1 | 31.6 | 19.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.1% | 0.1% | −12.3% | 11.0% | 72% |
| Nifty500 Shariah TRI | 68.0 | 26.4 | 5.6 | 0.0 | 0.0 | 0.0 | 0.0 | −2.0% | −2.1% | −14.9% | 9.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Shariah TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 24-09-2024. Past returns do not promise future returns.
Tata Ethical vs UTI Nifty 200 Quality 30 Index: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata EthicalTata Ethical Fund (Direct) | ₹2,60,000 | ₹2,43,558 | −₹16,442 | −5.7% |
| UTI Nifty 200 Quality 30 IndexUTI Nifty 200 Quality 30 Index Fund (Direct) | ₹2,60,000 | ₹2,43,956 | −₹16,044 | −5.6% |
Tata EthicalTata Ethical Fund (Direct)
UTI Nifty 200 Quality 30 IndexUTI Nifty 200 Quality 30 Index Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Tata Ethical vs UTI Nifty 200 Quality 30 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Ethical Fund (Direct) | UTI Nifty 200 Quality 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.64% | −9.40% |
| Standard deviation | 12.95% | 13.90% |
| Sharpe ratio | -1.07 | -1.05 |
| Sortino ratio | -1.41 | -1.37 |
| Maximum drawdown | −15.2% (31-03-2026) | −15.8% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | −2.61% | −0.41% |
From daily NAVs, 30-10-2025 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.
| Measure | Tata Ethical Fund (Direct) | UTI Nifty 200 Quality 30 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.05% | −8.52% |
| Standard deviation | 13.15% | 13.68% |
| Sharpe ratio | 0.53 | -1.04 |
| Sortino ratio | 0.73 | -1.39 |
| Maximum drawdown | −29.5% (23-03-2020) | −22.6% (04-03-2025) |
| Beta | 0.87 | 1.00 |
| Alpha | +0.38% | −0.47% |
From daily NAVs, 02-01-2013 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.
Tata Ethical Fund (Direct)
UTI Nifty 200 Quality 30 Index Fund (Direct)
Nifty500 Shariah TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Ethical Fund (Direct) | −21.7% | 01-10-2024 | 31-03-2026 | Not yet | -- | −18.1% |
| UTI Nifty 200 Quality 30 Index Fund (Direct) | −22.6% | 27-09-2024 | 04-03-2025 | Not yet | -- | −17.4% |
| Nifty500 Shariah TRI | −23.6% | 27-09-2024 | 23-03-2026 | Not yet | -- | −18.0% |
From daily values since 24-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Tata Ethical Fund (Direct)
UTI Nifty 200 Quality 30 Index Fund (Direct)
Nifty500 Shariah TRI
Against Nifty500 Shariah TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata Ethical Fund (Direct) | 92% | 96% | 3.57% |
| UTI Nifty 200 Quality 30 Index Fund (Direct) | 108% | 103% | 4.69% |
From month-end values since 24-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Tata Ethical vs UTI Nifty 200 Quality 30 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Ethical Fund, September 2026; UTI Nifty 200 Quality 30 Index Fund, September 2026
Holdings in common
- Overlap
- 28.8%
- Held by both
- 12
- Only in Tata Ethical
- 42
- Only in UTI Nifty 200 Quality 30 Index
- 18
| Security | % of Tata Ethical | % of UTI Nifty 200 Quality 30 Index |
|---|---|---|
| TATA CONSULTANCY SERVICES LTD | 5.26% | 5.10% |
| INFOSYS LTD | 6.79% | 4.93% |
| HCL TECHNOLOGIES LTD | 3.17% | 4.67% |
| HINDUSTAN UNILEVER LTD | 2.95% | 4.48% |
| LTM LTD | 2.12% | 2.29% |
| BRITANNIA INDUSTRIES LTD | 2.00% | 4.07% |
| NESTLE INDIA LTD | 1.92% | 4.97% |
| CUMMINS INDIA LTD | 1.65% | 3.00% |
| PERSISTENT SYSTEMS LTD | 1.63% | 2.99% |
| COLGATE-PALMOLIVE INDIA LTD | 1.15% | 3.61% |
| ASIAN PAINTS LTD | 1.14% | 3.49% |
| DIXON TECHNOLOGIES (INDIA) LTD | 1.09% | 4.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.8% means 28.8% 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 Tata Ethical Fund
| Security | % of fund |
|---|---|
| TECH MAHINDRA LTD | 3.73% |
| DR REDDYS LABORATORIES LTD | 3.37% |
| BHARAT HEAVY ELECTRICALS LTD | 2.93% |
| JINDAL STEEL LTD | 2.82% |
| SRF LTD | 2.49% |
Largest holdings only in UTI Nifty 200 Quality 30 Index Fund
| Security | % of fund |
|---|---|
| EQ - BHARAT ELECTRONICS LTD. | 4.91% |
| EQ - ITC LTD. | 4.74% |
| EQ - BAJAJ AUTO LTD. | 4.38% |
| EQ - COAL INDIA LTD. | 4.23% |
| EQ - HINDUSTAN AERONAUTICS LTD | 3.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Ethical | UTI Nifty 200 Quality 30 Index |
|---|---|---|
| Equity | 93.5% | 100.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.5% | -0.3% |
Market cap of stocks
| Market cap | Tata Ethical | UTI Nifty 200 Quality 30 Index |
|---|---|---|
| Large Cap | 52.7% | 73.1% |
| Mid Cap | 27.2% | 25.1% |
| Small Cap | 13.6% | 2.2% |
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 | Tata Ethical | UTI Nifty 200 Quality 30 Index |
|---|---|---|
| IT - Software | 25.7% | 24.3% |
| Auto Components | 12.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 11.9% | 0.0% |
| Diversified FMCG | 3.0% | 9.2% |
| Consumer Durables | 3.9% | 9.2% |
| Food Products | 3.9% | 9.0% |
| Aerospace & Defense | 0.0% | 8.7% |
| Automobiles | 0.7% | 7.8% |
| Chemicals & Petrochemicals | 5.3% | 5.7% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Ethical vs UTI Nifty 200 Quality 30 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Ethical Fund | UTI Nifty 200 Quality 30 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | 0.66% |
| Base expense ratio (Direct) | 0.61% | 0.48% |
| Total expense ratio (Regular) | 1.97% | 1.11% |
| Base expense ratio (Regular) | 1.63% | 0.88% |
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
Tata Ethical Fund vs UTI Nifty 200 Quality 30 Index Fund: Frequently Asked Questions
What is the difference between Tata Ethical Fund and UTI Nifty 200 Quality 30 Index Fund?
Tata Ethical Fund is a Thematic fund, UTI Nifty 200 Quality 30 Index Fund is an Index fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 28.8%. Tata Ethical Fund charges 0.84% a year and UTI Nifty 200 Quality 30 Index Fund 0.66%.
Which has given higher returns, Tata Ethical Fund or UTI Nifty 200 Quality 30 Index Fund?
Over 1 year: Tata Ethical Fund −8.64%, UTI Nifty 200 Quality 30 Index Fund −9.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Ethical Fund or UTI Nifty 200 Quality 30 Index Fund?
UTI Nifty 200 Quality 30 Index Fund charges less: 0.66% a year against 0.84%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Ethical Fund and UTI Nifty 200 Quality 30 Index Fund overlap?
28.8%. They hold 12 of the same securities, the largest shared ones being TCS, INFY, HCLTECH. From each fund's latest monthly portfolio.
Which is riskier, Tata Ethical Fund or UTI Nifty 200 Quality 30 Index Fund?
On SEBI's riskometer, Tata Ethical Fund is rated Very High and UTI Nifty 200 Quality 30 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 12.95% and 13.90% a year.
Can I invest in both Tata Ethical Fund and UTI Nifty 200 Quality 30 Index Fund?
Yes. 28.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata Ethical Fund and UTI Nifty 200 Quality 30 Index Fund?
Tata Ethical Fund: Abhinav Sharma. UTI Nifty 200 Quality 30 Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.