Taurus Ethical Fund vs UTI Nifty500 Shariah Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Taurus Ethical Fund is a Thematic fund and UTI Nifty500 Shariah Index Fund is an Index fund. Taurus Ethical Fund charges 1.36% a year and UTI Nifty500 Shariah Index Fund 0.78% (Direct plans). Their portfolios overlap 27.0%: they hold 33 of the same securities.
Which is better, Taurus Ethical or UTI Nifty500 Shariah 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 Nifty500 Shariah Index costs less: 0.78% a year against 1.36% (Direct plans).
- UTI Nifty500 Shariah Index fell less in its worst fall since 26-02-2026: −10.3% against −11.4%.
- UTI Nifty500 Shariah Index holds more in large companies: 54.0% of the fund in large caps against 42.1%.
- Taurus Ethical is the larger fund: ₹423 Cr against ₹88 Cr.
- Their portfolios overlap 27.0%: 33 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 | Taurus Ethical Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Fund house | Taurus Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹423 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹136.01 (Direct) | ₹9.62 (Direct) |
| Expense ratio (Direct) | 1.36% | 0.78% |
| Expense ratio (Regular) | 2.73% | 1.24% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 Shariah TRI | Nifty 500 Shariah TRI |
| Launch date | 06-04-2009 | 23-02-2026 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Anuj Kapil | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | 1% if exited on or before 365 days. Nil, if exited after 365 days. | Nil |
Taurus Ethical vs UTI Nifty500 Shariah 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 |
|---|---|---|---|---|---|---|---|
| Taurus Ethical Fund (Direct) | −1.25% | −7.95% | −4.01% | −6.56% | +9.07% | +8.12% | +12.14% |
| UTI Nifty500 Shariah Index Fund (Direct) | +0.16% | −6.03% | −2.97% | -- | -- | -- | -- |
| 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.
Taurus Ethical vs UTI Nifty500 Shariah Index: Year-wise Returns
| Year | Taurus EthicalTaurus Ethical | UTI Nifty500 Shariah IndexUTI Nifty500 Shariah Index |
|---|---|---|
| 2026to date | −7.16% | -- |
| 2025 | +1.74% | -- |
| 2024 | +20.84% | -- |
| 2023 | +29.98% | -- |
| 2022 | −1.35% | -- |
| 2021 | +30.06% | -- |
Taurus Ethical vs UTI Nifty500 Shariah Index: Rolling Returns
Every holding period of both funds, against BSE 500 SHARIAH TRI, the benchmark of Taurus Ethical Fund
Taurus Ethical vs UTI Nifty500 Shariah Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Taurus Ethical Fund (Direct) | UTI Nifty500 Shariah Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.48% | −6.11% |
| Standard deviation | 13.81% | 14.41% |
| Sharpe ratio | 0.54 | -0.79 |
| Sortino ratio | 0.73 | -1.04 |
| Maximum drawdown | −29.4% (23-03-2020) | −10.3% (23-10-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +0.30% | −0.70% |
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.
Taurus Ethical Fund (Direct)
UTI Nifty500 Shariah Index Fund (Direct)
BSE 500 SHARIAH TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Taurus Ethical Fund (Direct) | −11.4% | 07-08-2026 | 23-10-2026 | Not yet | -- | −9.8% |
| UTI Nifty500 Shariah Index Fund (Direct) | −10.3% | 10-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| BSE 500 SHARIAH TRI | −10.9% | 26-02-2026 | 30-03-2026 | 06-05-2026 | 37 days | −9.0% |
From daily values since 26-02-2026, the first day every fund has.
Taurus Ethical vs UTI Nifty500 Shariah Index: Portfolio Overlap
From each fund's latest monthly portfolio: Taurus Ethical Fund, September 2026; UTI Nifty500 Shariah Index Fund, September 2026
Holdings in common
- Overlap
- 27.0%
- Held by both
- 33
- Only in Taurus Ethical
- 25
- Only in UTI Nifty500 Shariah Index
- 170
| Security | % of Taurus Ethical | % of UTI Nifty500 Shariah Index |
|---|---|---|
| Infosys Ltd. | 4.06% | 5.84% |
| Tata Consultancy Services Ltd. | 4.63% | 3.48% |
| Hindustan Unilever Ltd. | 2.70% | 2.77% |
| HCL Technologies Ltd. | 2.42% | 2.16% |
| Laurus Labs Ltd. | 2.13% | 1.28% |
| Cipla Ltd. | 2.11% | 1.26% |
| Samvardhana Motherson International Ltd. | 1.71% | 1.20% |
| Bharat Petroleum Corporation Ltd. | 2.30% | 1.01% |
| Coforge Ltd. | 1.16% | 1.01% |
| Persistent Systems Ltd. | 2.93% | 0.96% |
| GE Vernova T&D India Ltd. | 2.18% | 0.87% |
| Polycab India Ltd. | 1.59% | 0.71% |
| Marico Ltd. | 1.40% | 0.69% |
| Tata Motors Passenger Vehicles Ltd. | 0.67% | 0.99% |
| Asian Paints Ltd. | 0.66% | 1.81% |
| Hyundai Motor India Ltd. | 0.75% | 0.48% |
| Biocon Ltd. | 1.75% | 0.43% |
| Vishal Mega Mart Ltd. | 0.43% | 0.47% |
| Colgate Palmolive (India) Ltd. | 1.67% | 0.39% |
| Sona Blw Precision Forgings Ltd. | 0.39% | 0.62% |
| Aurobindo Pharma Ltd. | 0.30% | 0.77% |
| Balkrishna Industries Ltd. | 2.30% | 0.28% |
| Astral Ltd. | 0.66% | 0.28% |
| Linde India Ltd. | 2.64% | 0.22% |
| Castrol India Ltd. | 1.32% | 0.16% |
| Amara Raja Energy & Mobility Ltd. | 1.17% | 0.15% |
| L&T Technology Services Ltd. | 0.92% | 0.15% |
| Cyient Ltd. | 0.93% | 0.14% |
| PG Electroplast Ltd. | 2.42% | 0.13% |
| ACC Ltd. | 1.32% | 0.12% |
| Inox Wind Ltd. | 0.40% | 0.11% |
| Mahanagar Gas Ltd. | 0.90% | 0.10% |
| RHI Magnesita India Ltd. | 0.30% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.0% means 27.0% 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 Taurus Ethical Fund
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 7.19% |
| TVS Motor Company Ltd. | 3.31% |
| Oracle Financial Services Software Ltd. | 2.84% |
| Mahindra & Mahindra Ltd. | 2.61% |
| Coal India Ltd. | 2.38% |
Largest holdings only in UTI Nifty500 Shariah Index Fund
| Security | % of fund |
|---|---|
| EQ - ETERNAL LIMITED | 3.86% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 3.20% |
| EQ - HINDALCO INDUSTRIES LTD. | 2.27% |
| EQ - ULTRATECH CEMENT LTD. | 2.16% |
| EQ - TECH MAHINDRA LTD. | 1.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Taurus Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| Equity | 98.6% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | -0.2% |
Market cap of stocks
| Market cap | Taurus Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| Large Cap | 42.1% | 54.0% |
| Mid Cap | 30.0% | 30.9% |
| Small Cap | 20.8% | 15.0% |
| Not on AMFI's list | 5.7% | 0.3% |
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 | Taurus Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| Other | 98.6% | 0.0% |
| IT - Software | 0.0% | 16.6% |
| Pharmaceuticals & Biotechnology | 0.0% | 13.7% |
| Retailing | 0.0% | 8.3% |
| Electrical Equipment | 0.0% | 6.0% |
| Industrial Products | 0.0% | 5.9% |
| Auto Components | 0.0% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Taurus Ethical vs UTI Nifty500 Shariah Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Taurus Ethical Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.36% | 0.78% |
| Base expense ratio (Direct) | 0.90% | 0.50% |
| Total expense ratio (Regular) | 2.73% | 1.24% |
| Base expense ratio (Regular) | 2.10% | 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.
More comparisons
Each fund against the others of its category
Taurus Ethical Fund vs UTI Nifty500 Shariah Index Fund: Frequently Asked Questions
What is the difference between Taurus Ethical Fund and UTI Nifty500 Shariah Index Fund?
Taurus Ethical Fund is a Thematic fund, UTI Nifty500 Shariah Index Fund is an Index fund, run by Taurus Mutual Fund and UTI Mutual Fund. Their portfolios overlap 27.0%. Taurus Ethical Fund charges 1.36% a year and UTI Nifty500 Shariah Index Fund 0.78%.
Which has the lower expense ratio, Taurus Ethical Fund or UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund charges less: 0.78% a year against 1.36%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Taurus Ethical Fund and UTI Nifty500 Shariah Index Fund overlap?
27.0%. They hold 33 of the same securities, the largest shared ones being INFY, TCS, HINDUNILVR. From each fund's latest monthly portfolio.
Which is riskier, Taurus Ethical Fund or UTI Nifty500 Shariah Index Fund?
On SEBI's riskometer, Taurus Ethical Fund is rated Very High and UTI Nifty500 Shariah Index Fund Very High. Over their common history, the standard deviation of daily returns was 13.81% and 14.41% a year.
Can I invest in both Taurus Ethical Fund and UTI Nifty500 Shariah Index Fund?
Yes. 27.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Taurus Ethical Fund and UTI Nifty500 Shariah Index Fund?
Taurus Ethical Fund: Anuj Kapil. UTI Nifty500 Shariah 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.