Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund vs UTI Nifty India Manufacturing Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund and UTI Nifty India Manufacturing Index Fund is an Index fund. In the year to 30-10-2026, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) returned −2.4% and UTI Nifty India Manufacturing Index Fund (Direct) returned −2.3%. Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund charges 0.58% a year and UTI Nifty India Manufacturing Index Fund 0.72% (Direct plans). Their portfolios overlap 65.4%: they hold 41 of the same securities.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
- 1 year return
- −2.4%
- Expense ratio
- 0.58%
- NAV
- ₹11.57
UTI Nifty India Manufacturing Index Fund
Index
- 1 year return
- −2.3%
- Expense ratio
- 0.72%
- NAV
- ₹11.60
Which is better, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index or UTI Nifty India Manufacturing Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI Nifty India Manufacturing Index returned more over 1 year: −2.3% against −2.4%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index costs less: 0.58% a year against 0.72% (Direct plans).
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index fell less in its worst fall since 18-02-2025: −12.0% against −12.9%.
- UTI Nifty India Manufacturing Index holds more in large companies: 69.2% of the fund in large caps against 50.2%.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index is the larger fund: ₹133 Cr against ₹31 Cr.
- Their portfolios overlap 65.4%: 41 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund | UTI Nifty India Manufacturing Index Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Not available | Index |
| AUM | ₹133 Cr (30-09-2026) | ₹31 Cr (30-09-2026) |
| NAV | ₹11.57 (Direct) | ₹11.60 (Direct) |
| Expense ratio (Direct) | 0.58% | 0.72% |
| Expense ratio (Regular) | 1.13% | 1.14% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty India Manufacturing TRI |
| Launch date | Not available | 13-02-2025 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | Nil |
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −2.79% | −6.22% | −2.54% | −2.40% | -- | -- | -- |
| UTI Nifty India Manufacturing Index Fund (Direct) | −3.58% | −7.61% | −3.83% | −2.32% | -- | -- | -- |
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing Index: Year-wise Returns
| Year | Tata Nifty500 Multicap India Manufacturing 50:30:20Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | UTI Nifty India ManufacturingUTI Nifty India Manufacturing Index |
|---|---|---|
| 2026to date | −2.35% | −3.00% |
| 2025 | +8.51% | -- |
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing Index: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap India Manufacturing 50:30:20 TRI, the benchmark of Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Rolling returns
Every 1-year holding period, 171 of them, one for each trading day from 18-02-2026 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
UTI Nifty India Manufacturing Index Fund (Direct)
Nifty500 Multicap India Manufacturing 50:30:20 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 Nifty500 Multicap India Manufacturing 50:30:20 Index | 5.8 | 12.9 | 37.4 | 29.2 | 12.3 | 2.3 | 0.0 | 9.4% | 9.2% | −4.7% | 22.1% | 0% |
| UTI Nifty India Manufacturing Index | 5.3 | 8.8 | 18.7 | 34.5 | 22.2 | 7.6 | 2.9 | 12.2% | 12.0% | −4.0% | 28.8% | 89% |
| Nifty500 Multicap India Manufacturing 50:30:20 TRI | 3.5 | 12.3 | 34.5 | 28.1 | 18.1 | 3.5 | 0.0 | 10.1% | 9.9% | −4.0% | 22.9% | -- |
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 Multicap India Manufacturing 50:30:20 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 18-02-2025. Past returns do not promise future returns.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | ₹2,10,000 | ₹2,14,749 | ₹4,749 | 2.5% |
| UTI Nifty India Manufacturing IndexUTI Nifty India Manufacturing Index Fund (Direct) | ₹2,10,000 | ₹2,14,239 | ₹4,239 | 2.2% |
Tata Nifty500 Multicap India Manufacturing 50:30:20 IndexTata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
UTI Nifty India Manufacturing IndexUTI Nifty India Manufacturing 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 Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | UTI Nifty India Manufacturing Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.40% | −2.32% |
| Standard deviation | 15.71% | 15.82% |
| Sharpe ratio | -0.49 | -0.48 |
| Sortino ratio | -0.65 | -0.64 |
| Maximum drawdown | −12.0% (23-10-2026) | −12.9% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.65% | −0.63% |
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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | UTI Nifty India Manufacturing Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.86% | +10.63% |
| Standard deviation | 16.41% | 15.54% |
| Sharpe ratio | 0.00 | 0.33 |
| Sortino ratio | 0.00 | 0.46 |
| Maximum drawdown | −21.3% (07-04-2025) | −12.9% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.65% | −0.66% |
From daily NAVs, 30-04-2024 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
UTI Nifty India Manufacturing Index Fund (Direct)
Nifty500 Multicap India Manufacturing 50:30:20 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | −12.0% | 07-08-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| UTI Nifty India Manufacturing Index Fund (Direct) | −12.9% | 07-08-2026 | 23-10-2026 | Not yet | -- | −10.6% |
| Nifty500 Multicap India Manufacturing 50:30:20 TRI | −12.0% | 07-08-2026 | 23-10-2026 | Not yet | -- | −9.1% |
From daily values since 18-02-2025, 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct)
UTI Nifty India Manufacturing Index Fund (Direct)
Nifty500 Multicap India Manufacturing 50:30:20 TRI
Against Nifty500 Multicap India Manufacturing 50:30:20 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Direct) | 98% | 101% | 0.08% |
| UTI Nifty India Manufacturing Index Fund (Direct) | 102% | 100% | 3.05% |
From month-end values since 18-02-2025. 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 Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing Index: Portfolio Overlap
From each fund's latest monthly portfolio: Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, September 2026; UTI Nifty India Manufacturing Index Fund, September 2026
Holdings in common
- Overlap
- 65.4%
- Held by both
- 41
- Only in Tata Nifty500 Multicap India Manufacturing 50:30:20 Index
- 34
- Only in UTI Nifty India Manufacturing Index
- 36
| Security | % of Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | % of UTI Nifty India Manufacturing Index |
|---|---|---|
| MAHINDRA & MAHINDRA LTD | 5.89% | 4.99% |
| RELIANCE INDUSTRIES LTD | 9.93% | 4.97% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 4.30% | 4.60% |
| MARUTI SUZUKI INDIA LTD | 3.48% | 3.72% |
| TATA STEEL LTD | 3.42% | 3.66% |
| BHARAT ELECTRONICS LTD | 3.11% | 3.33% |
| HINDALCO INDUSTRIES LTD | 3.05% | 3.26% |
| JSW STEEL LTD | 2.70% | 2.89% |
| BAJAJ AUTO LTD | 2.65% | 2.84% |
| DIVI LABORATORIES LTD | 2.64% | 2.82% |
| EICHER MOTORS LTD | 2.20% | 2.36% |
| HINDUSTAN AERONAUTICS LTD | 1.98% | 2.12% |
| LAURUS LABS LTD | 2.35% | 1.84% |
| CIPLA LTD | 1.69% | 1.81% |
| DR REDDYS LABORATORIES LTD | 1.68% | 1.80% |
| TATA MOTORS PASSENGER VEHICLES LTD | 1.32% | 1.42% |
| DIXON TECHNOLOGIES (INDIA) LTD | 1.66% | 1.31% |
| BHARAT FORGE LTD | 1.63% | 1.28% |
| GE VERNOVA T&D INDIA LTD | 1.58% | 1.24% |
| LUPIN LTD | 1.50% | 1.18% |
| SUZLON ENERGY LTD | 1.46% | 1.15% |
| AUROBINDO PHARMA LTD | 1.41% | 1.11% |
| ASHOK LEYLAND LTD | 1.34% | 1.06% |
| APL APOLLO TUBES LTD | 1.21% | 0.95% |
| SONA BLW PRECISION FORGINGS LTD | 1.44% | 0.89% |
| SRF LTD | 1.09% | 0.86% |
| WELSPUN CORP LTD | 1.37% | 0.85% |
| ALKEM LABORATORIES LTD | 0.95% | 0.74% |
| NAVIN FLUORINE INTERNATIONAL LTD | 1.17% | 0.72% |
| UPL LTD | 0.92% | 0.72% |
| KEI INDUSTRIES LTD | 0.84% | 0.66% |
| HAVELLS INDIA LTD | 0.78% | 0.61% |
| TUBE INVESTMENTS OF INDIA LTD | 0.77% | 0.61% |
| VOLTAS LTD | 0.74% | 0.58% |
| PAGE INDUSTRIES LTD | 0.70% | 0.55% |
| SUPREME INDUSTRIES LTD | 0.68% | 0.53% |
| PI INDUSTRIES LTD | 0.57% | 0.45% |
| HIMADRI SPECIALITY CHEMICAL LTD | 0.62% | 0.38% |
| AMBER ENTERPRISES INDIA LTD | 0.56% | 0.35% |
| CROMPTON GREAVES CONSUMER ELECTRICALS LTD | 0.52% | 0.32% |
| KAYNES TECHNOLOGY INDIA LTD | 0.42% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 65.4% means 65.4% 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 Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
| Security | % of fund |
|---|---|
| HERO MOTOCORP LTD | 2.07% |
| BHARAT HEAVY ELECTRICALS LTD | 1.84% |
| GLENMARK PHARMACEUTICALS LTD | 1.07% |
| ATHER ENERGY LTD | 1.04% |
| HINDUSTAN PETROLEUM CORPORATION LTD | 1.02% |
Largest holdings only in UTI Nifty India Manufacturing Index Fund
| Security | % of fund |
|---|---|
| EQ - TVS MOTOR COMPANY LTD | 2.31% |
| EQ - TATA MOTORS LTD | 2.11% |
| EQ - SAMVARDHANA MOTHERSON INTL LTD | 1.73% |
| EQ - TORRENT PHARMACEUTICALS LTD. | 1.69% |
| EQ - VEDANTA ALUMINIUM METAL LTD. | 1.67% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | UTI Nifty India Manufacturing Index |
|---|---|---|
| Equity | 100.1% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.1% | 0.0% |
Market cap of stocks
| Market cap | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index | UTI Nifty India Manufacturing Index |
|---|---|---|
| Large Cap | 50.2% | 69.2% |
| Mid Cap | 31.3% | 27.6% |
| Small Cap | 18.6% | 3.2% |
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 Nifty500 Multicap India Manufacturing 50:30:20 Index | UTI Nifty India Manufacturing Index |
|---|---|---|
| Pharmaceuticals & Biotechnology | 23.9% | 18.5% |
| Automobiles | 19.0% | 18.3% |
| Petroleum Products | 11.3% | 7.6% |
| Ferrous Metals | 6.1% | 7.6% |
| Electrical Equipment | 5.1% | 7.0% |
| Auto Components | 5.9% | 7.0% |
| Industrial Products | 6.3% | 6.3% |
The six largest sectors of each fund's stocks, % of the fund.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index vs UTI Nifty India Manufacturing Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund | UTI Nifty India Manufacturing Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.58% | 0.72% |
| Base expense ratio (Direct) | 0.39% | 0.50% |
| Total expense ratio (Regular) | 1.13% | 1.14% |
| Base expense ratio (Regular) | 0.90% | 0.90% |
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.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund vs UTI Nifty India Manufacturing Index Fund: Frequently Asked Questions
What is the difference between Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund and UTI Nifty India Manufacturing Index Fund?
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund is a mutual fund, UTI Nifty India Manufacturing Index Fund is an Index fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 65.4%. Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund charges 0.58% a year and UTI Nifty India Manufacturing Index Fund 0.72%.
Which has given higher returns, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund or UTI Nifty India Manufacturing Index Fund?
Over 1 year: Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund −2.40%, UTI Nifty India Manufacturing Index Fund −2.32%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund or UTI Nifty India Manufacturing Index Fund?
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund charges less: 0.58% a year against 0.72%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund and UTI Nifty India Manufacturing Index Fund overlap?
65.4%. They hold 41 of the same securities, the largest shared ones being M&M, RELIANCE, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund and UTI Nifty India Manufacturing Index Fund?
Yes. 65.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.