Tata NIFTY India Digital Exchange Traded Fund vs UTI Innovation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Tata NIFTY India Digital Exchange Traded Fund is an Index fund and UTI Innovation Fund is a Thematic fund. In the 3 years to 30-10-2026, Tata NIFTY India Digital Exchange Traded Fund returned 11.4% a year and UTI Innovation Fund (Direct) returned 3.9% a year. Tata NIFTY India Digital Exchange Traded Fund charges 0.50% a year and UTI Innovation Fund 1.26%. Their portfolios overlap 32.4%: they hold 16 of the same securities.
Tata NIFTY India Digital Exchange Traded Fund
Index
- 3 year return
- 11.4%
- Expense ratio
- 0.50%
- NAV
- ₹89.28
Which is better, Tata NIFTY India Digital Exchange Traded or UTI Innovation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY India Digital Exchange Traded returned more over 3 years: 11.4% a year against 3.9%.
- Tata NIFTY India Digital Exchange Traded returned more over 1 year: −7.8% against −9.5%.
- Tata NIFTY India Digital Exchange Traded costs less: 0.50% a year against 1.26%.
- Tata NIFTY India Digital Exchange Traded swung less over 3 years: a standard deviation of 17.8% a year against 18.1%.
- Tata NIFTY India Digital Exchange Traded fell less in its worst fall since 18-10-2023: −27.4% against −31.5%.
- Tata NIFTY India Digital Exchange Traded holds more in large companies: 51.6% of the fund in large caps against 13.7%.
- UTI Innovation is the larger fund: ₹768 Cr against ₹165 Cr.
- Their portfolios overlap 32.4%: 16 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 NIFTY India Digital Exchange Traded Fund | UTI Innovation Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹165 Cr (30-09-2026) | ₹768 Cr (30-09-2026) |
| NAV | ₹89.28 | ₹11.19 (Direct) |
| Expense ratio (Direct) | Not available | 1.26% |
| Expense ratio (Regular) | Not available | 2.43% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Digital TRI | Nifty 500 TRI |
| Launch date | 31-03-2022 | 13-10-2023 |
| Minimum investment | Not available | REGULAR PLAN-GROWTH:5000 , DIRECT PLAN-GROWTH:5000, REGULAR PLAN-PAYOUT OF IDCW:5000, DIRECT PLAN-PAYOUT OF IDCW:5000 |
| Lock in | None | None |
| Fund managers | Nitin Sharma, Rakesh Prajapati | Nitin Jain FM 1 |
| Exit load | Nil | 1% if redeemed/switched out within 12 months from the date of allotment, Nil thereafter. |
Tata NIFTY India Digital Exchange Traded vs UTI Innovation: 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 NIFTY India Digital Exchange Traded Fund | +6.82% | −0.43% | +10.64% | −7.79% | +11.42% | -- | -- |
| UTI Innovation Fund (Direct) | −1.91% | −4.29% | +3.52% | −9.51% | +3.91% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Tata NIFTY India Digital Exchange Traded vs UTI Innovation: Year-wise Returns
| Year | Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded | UTI InnovationUTI Innovation |
|---|---|---|
| 2026to date | −8.49% | −5.63% |
| 2025 | −2.43% | −6.47% |
| 2024 | +33.74% | +20.12% |
| 2023 | +39.16% | -- |
Tata NIFTY India Digital Exchange Traded vs UTI Innovation: Rolling Returns
Every holding period of both funds, against Nifty India Digital TRI, the benchmark of Tata NIFTY India Digital Exchange Traded Fund
Rolling returns
Every 1-year holding period, 501 of them, one for each trading day from 18-10-2024 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 NIFTY India Digital Exchange Traded Fund
UTI Innovation Fund (Direct)
Nifty India Digital TRI
to
Dec 2024Apr 2024
to
Apr 2025Aug 2024
to
Aug 2025Dec 2024
to
Dec 2025May 2025
to
May 2026Aug 2025
to
Aug 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 NIFTY India Digital Exchange Traded | 50.9 | 15.2 | 7.8 | 7.2 | 4.4 | 3.2 | 11.4 | 4.9% | −0.3% | −16.6% | 47.9% | 0% |
| UTI Innovation | 59.0 | 21.0 | 6.8 | 3.0 | 3.2 | 5.8 | 1.2 | 0.6% | −1.3% | −13.8% | 28.5% | 28% |
| Nifty India Digital TRI | 48.7 | 16.2 | 8.0 | 7.6 | 4.2 | 4.0 | 11.4 | 5.5% | 0.2% | −16.4% | 48.8% | -- |
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 Nifty India Digital 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 18-10-2023. Past returns do not promise future returns.
Tata NIFTY India Digital Exchange Traded vs UTI Innovation: 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 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded Fund | ₹3,70,000 | ₹3,86,924 | ₹16,924 | 2.9% |
| UTI InnovationUTI Innovation Fund (Direct) | ₹3,70,000 | ₹3,67,249 | −₹2,751 | −0.5% |
Tata NIFTY India Digital Exchange TradedTata NIFTY India Digital Exchange Traded Fund
UTI InnovationUTI Innovation 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 NIFTY India Digital Exchange Traded vs UTI Innovation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata NIFTY India Digital Exchange Traded Fund | UTI Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.79% | −9.51% |
| Standard deviation | 17.82% | 19.38% |
| Sharpe ratio | -0.73 | -0.76 |
| Sortino ratio | -0.99 | -1.02 |
| Maximum drawdown | −24.9% (31-03-2026) | −25.7% (23-03-2026) |
| Beta | 1.00 | 1.13 |
| Alpha | −0.86% | −0.48% |
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 NIFTY India Digital Exchange Traded Fund | UTI Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.42% | +3.91% |
| Standard deviation | 17.85% | 18.10% |
| Sharpe ratio | 0.30 | -0.12 |
| Sortino ratio | 0.43 | -0.16 |
| Maximum drawdown | −27.4% (31-03-2026) | −31.5% (23-03-2026) |
| Beta | 1.00 | 1.05 |
| Alpha | −0.78% | −6.51% |
From daily NAVs, 30-10-2023 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 NIFTY India Digital Exchange Traded Fund | UTI Innovation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.99% | +3.71% |
| Standard deviation | 17.65% | 18.01% |
| Sharpe ratio | 0.06 | -0.13 |
| Sortino ratio | 0.08 | -0.18 |
| Maximum drawdown | −27.4% (31-03-2026) | −31.5% (23-03-2026) |
| Beta | 0.99 | 1.04 |
| Alpha | −0.40% | −5.44% |
From daily NAVs, 06-04-2022 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 NIFTY India Digital Exchange Traded Fund
UTI Innovation Fund (Direct)
Nifty India Digital TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata NIFTY India Digital Exchange Traded Fund | −27.4% | 16-12-2024 | 31-03-2026 | Not yet | -- | −14.2% |
| UTI Innovation Fund (Direct) | −31.5% | 23-09-2024 | 23-03-2026 | Not yet | -- | −16.6% |
| Nifty India Digital TRI | −27.0% | 16-12-2024 | 30-03-2026 | Not yet | -- | −12.9% |
From daily values since 18-10-2023, 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 NIFTY India Digital Exchange Traded Fund
UTI Innovation Fund (Direct)
Nifty India Digital TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Tata NIFTY India Digital Exchange Traded Fund
UTI Innovation Fund (Direct)
Nifty India Digital TRI
Against Nifty India Digital TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata NIFTY India Digital Exchange Traded Fund | 99% | 101% | 0.46% |
| UTI Innovation Fund (Direct) | 77% | 96% | 12.71% |
From month-end values since 18-10-2023. 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 NIFTY India Digital Exchange Traded vs UTI Innovation: Portfolio Overlap
From each fund's latest monthly portfolio: Tata NIFTY India Digital Exchange Traded Fund, September 2026; UTI Innovation Fund, September 2026
Holdings in common
- Overlap
- 32.4%
- Held by both
- 16
- Only in Tata NIFTY India Digital Exchange Traded
- 35
- Only in UTI Innovation
- 16
| Security | % of Tata NIFTY India Digital Exchange Traded | % of UTI Innovation |
|---|---|---|
| ETERNAL LTD | 9.11% | 9.39% |
| ONE 97 COMMUNICATIONS LTD | 6.40% | 4.83% |
| INFO EDGE (INDIA) LTD | 4.23% | 9.07% |
| FSN E COMMERCE VENTURES LTD | 3.97% | 6.15% |
| PB FINTECH LTD | 3.33% | 3.05% |
| SWIGGY LTD | 3.22% | 1.61% |
| ORACLE FINANCIALS SERVICES SOFT LTD | 1.47% | 1.54% |
| MEESHO LTD | 1.15% | 2.36% |
| AFFLE 3I LTD | 0.56% | 5.74% |
| L&T TECHNOLOGY SERVICES LTD | 0.53% | 1.21% |
| TBO TEK LTD | 0.52% | 1.28% |
| URBAN COMPANY LTD | 0.48% | 1.47% |
| KPIT TECHNOLOGIES LTD | 0.48% | 2.09% |
| NEWGEN SOFTWARE TECHNOLOGIES LTD | 0.18% | 2.72% |
| LATENT VIEW ANALYTICS LTD | 0.10% | 1.52% |
| C.E. INFO SYSTEMS LTD | 0.09% | 1.68% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.4% means 32.4% 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 NIFTY India Digital Exchange Traded Fund
| Security | % of fund |
|---|---|
| HCL TECHNOLOGIES LTD | 8.06% |
| TATA CONSULTANCY SERVICES LTD | 7.10% |
| INFOSYS LTD | 6.87% |
| BHARTI AIRTEL LTD | 6.83% |
| TECH MAHINDRA LTD | 5.67% |
Largest holdings only in UTI Innovation Fund
| Security | % of fund |
|---|---|
| EQ - ACUTAAS CHEMICALS LIMITED | 4.92% |
| EQ - RATEGAIN TRAVEL TECHNOLOGIES LTD | 4.44% |
| EQ - NAZARA TECHNOLOGIES LTD | 3.20% |
| EQ - GRAVITA INDIA LTD. | 3.06% |
| EQ - CLEAN SCIENCE & TECHNOLOGY LTD | 2.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata NIFTY India Digital Exchange Traded | UTI Innovation |
|---|---|---|
| Equity | 100.0% | 96.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | 3.8% |
Market cap of stocks
| Market cap | Tata NIFTY India Digital Exchange Traded | UTI Innovation |
|---|---|---|
| Large Cap | 51.6% | 13.7% |
| Mid Cap | 36.9% | 32.7% |
| Small Cap | 11.5% | 47.6% |
| Not on AMFI's list | 0.0% | 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 NIFTY India Digital Exchange Traded | UTI Innovation |
|---|---|---|
| IT - Software | 45.5% | 15.8% |
| Retailing | 24.1% | 30.1% |
| Telecom - Services | 13.2% | 0.0% |
| Financial Technology (Fintech) | 10.1% | 7.9% |
| IT - Services | 4.0% | 7.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 6.9% |
| Electrical Equipment | 0.0% | 4.7% |
| Leisure Services | 2.0% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
Tata NIFTY India Digital Exchange Traded vs UTI Innovation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata NIFTY India Digital Exchange Traded Fund | UTI Innovation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.26% |
| Base expense ratio (Direct) | 0.34% | 0.96% |
| Total expense ratio (Regular) | Not available | 2.43% |
| Base expense ratio (Regular) | 0.00% | 2.04% |
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 NIFTY India Digital Exchange Traded Fund vs UTI Innovation Fund: Frequently Asked Questions
What is the difference between Tata NIFTY India Digital Exchange Traded Fund and UTI Innovation Fund?
Tata NIFTY India Digital Exchange Traded Fund is an Index fund, UTI Innovation Fund is a Thematic fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 32.4%. Tata NIFTY India Digital Exchange Traded Fund charges 0.50% a year and UTI Innovation Fund 1.26%.
Which has given higher returns, Tata NIFTY India Digital Exchange Traded Fund or UTI Innovation Fund?
Over 1 year: Tata NIFTY India Digital Exchange Traded Fund −7.79%, UTI Innovation Fund −9.51%. Over 3 years: Tata NIFTY India Digital Exchange Traded Fund +11.42% a year, UTI Innovation Fund +3.91% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata NIFTY India Digital Exchange Traded Fund or UTI Innovation Fund?
Tata NIFTY India Digital Exchange Traded Fund charges less: 0.50% a year against 1.26%. These are the total expense ratios reported to AMFI.
How much do Tata NIFTY India Digital Exchange Traded Fund and UTI Innovation Fund overlap?
32.4%. They hold 16 of the same securities, the largest shared ones being ETERNAL, PAYTM, NAUKRI. From each fund's latest monthly portfolio.
Which is riskier, Tata NIFTY India Digital Exchange Traded Fund or UTI Innovation Fund?
On SEBI's riskometer, Tata NIFTY India Digital Exchange Traded Fund is rated Very High and UTI Innovation Fund Very High. Over 3 years, the standard deviation of daily returns was 17.85% and 18.10% a year.
Which is better for SIP, Tata NIFTY India Digital Exchange Traded Fund or UTI Innovation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,86,924 in Tata NIFTY India Digital Exchange Traded Fund (XIRR 2.9% a year) and ₹3,67,249 in UTI Innovation Fund (XIRR -0.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Tata NIFTY India Digital Exchange Traded Fund and UTI Innovation Fund?
Yes. 32.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Tata NIFTY India Digital Exchange Traded Fund and UTI Innovation Fund?
Tata NIFTY India Digital Exchange Traded Fund: Nitin Sharma, Rakesh Prajapati. UTI Innovation Fund: Nitin Jain FM 1.
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.