The Wealth Company Ethical Fund vs UTI Nifty500 Shariah Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
The Wealth Company Ethical Fund is a Thematic fund and UTI Nifty500 Shariah Index Fund is an Index fund. The Wealth Company Ethical Fund charges 1.15% a year and UTI Nifty500 Shariah Index Fund 0.78% (Direct plans). Their portfolios overlap 26.0%: they hold 43 of the same securities.
The Wealth Company Ethical Fund
Thematic
- Expense ratio
- 1.15%
- NAV
- ₹9.08
Which is better, The Wealth Company 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 1.15% (Direct plans).
- UTI Nifty500 Shariah Index fell less in its worst fall since 26-02-2026: −10.3% against −11.8%.
- UTI Nifty500 Shariah Index holds more in large companies: 54.0% of the fund in large caps against 24.3%.
- UTI Nifty500 Shariah Index is the larger fund: ₹88 Cr against ₹39 Cr.
- Their portfolios overlap 26.0%: 43 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 | The Wealth Company Ethical Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Fund house | The Wealth Company Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹39 Cr (30-09-2026) | ₹88 Cr (30-09-2026) |
| NAV | ₹9.08 (Direct) | ₹9.62 (Direct) |
| Expense ratio (Direct) | 1.15% | 0.78% |
| Expense ratio (Regular) | 2.76% | 1.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 Shariah TRI | Nifty 500 Shariah TRI |
| Launch date | 14-10-2025 | 23-02-2026 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aparna Shanker, Saloni Kapadia | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | 1% - If redeemed/switched out within 30 days from the date of allotment and Nil - if redeemed/switched out after 30 days from the date of allotment. | Nil |
The Wealth Company 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 |
|---|---|---|---|---|---|---|---|
| The Wealth Company Ethical Fund (Direct) | −3.99% | −7.72% | −4.58% | −9.45% | -- | -- | -- |
| UTI Nifty500 Shariah Index Fund (Direct) | +0.16% | −6.03% | −2.97% | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
The Wealth Company Ethical vs UTI Nifty500 Shariah Index: Year-wise Returns
| Year | The Wealth Company EthicalThe Wealth Company Ethical | UTI Nifty500 Shariah IndexUTI Nifty500 Shariah Index | Nifty500 Shariah TRI |
|---|---|---|---|
| 2026to date | −8.29% | -- | −6.98% |
The Wealth Company Ethical vs UTI Nifty500 Shariah Index: Rolling Returns
Every holding period of both funds, against Nifty500 Shariah TRI, the benchmark of both
The Wealth Company 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 | The Wealth Company Ethical Fund (Direct) | UTI Nifty500 Shariah Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.97% | −6.11% |
| Standard deviation | 14.60% | 14.41% |
| Sharpe ratio | -0.98 | -0.79 |
| Sortino ratio | -1.27 | -1.04 |
| Maximum drawdown | −14.7% (23-03-2026) | −10.3% (23-10-2026) |
| Beta | 1.02 | 1.00 |
| Alpha | −3.17% | −0.70% |
From daily NAVs, 17-10-2025 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.
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.
The Wealth Company Ethical Fund (Direct)
UTI Nifty500 Shariah 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 |
|---|---|---|---|---|---|---|
| The Wealth Company Ethical Fund (Direct) | −11.8% | 28-08-2026 | 23-10-2026 | Not yet | -- | −10.4% |
| UTI Nifty500 Shariah Index Fund (Direct) | −10.3% | 10-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
| Nifty500 Shariah TRI | −10.3% | 26-02-2026 | 23-03-2026 | 21-04-2026 | 29 days | −7.8% |
From daily values since 26-02-2026, the first day every fund has.
The Wealth Company Ethical vs UTI Nifty500 Shariah Index: Portfolio Overlap
From each fund's latest monthly portfolio: The Wealth Company Ethical Fund, September 2026; UTI Nifty500 Shariah Index Fund, September 2026
Holdings in common
- Overlap
- 26.0%
- Held by both
- 43
- Only in The Wealth Company Ethical
- 9
- Only in UTI Nifty500 Shariah Index
- 160
| Security | % of The Wealth Company Ethical | % of UTI Nifty500 Shariah Index |
|---|---|---|
| Tata Consultancy Services Limited | 2.87% | 3.48% |
| Infosys Limited | 2.53% | 5.84% |
| Hindalco Industries Limited | 1.89% | 2.27% |
| Tech Mahindra Limited | 2.85% | 1.61% |
| Trent Limited | 2.42% | 1.45% |
| UltraTech Cement Limited | 1.39% | 2.16% |
| Max Healthcare Institute Limited | 2.46% | 1.15% |
| Cummins India Limited | 2.84% | 1.07% |
| Coforge Limited | 2.84% | 1.01% |
| PERSISTENT SYSTEMS LTD | 2.01% | 0.96% |
| Dixon Technologies (India) Limited | 2.26% | 0.91% |
| GE Vernova T&D India Limited | 2.99% | 0.87% |
| Jindal Steel Limited | 1.73% | 0.70% |
| Marico Limited | 2.90% | 0.69% |
| APAR INDUSTRIES LTD | 2.65% | 0.54% |
| Vishal Mega Mart Limited | 2.64% | 0.47% |
| MphasiS Limited | 1.37% | 0.47% |
| Hindustan Zinc Limited | 0.58% | 0.45% |
| Redington Limited | 2.90% | 0.40% |
| UNO Minda Limited | 1.78% | 0.35% |
| Coromandel International Limited | 0.89% | 0.35% |
| BLUE STAR LTD | 0.96% | 0.33% |
| Aster DM Healthcare Limited | 2.37% | 0.31% |
| Hindustan Copper Limited | 1.80% | 0.30% |
| Balkrishna Industries Limited | 0.94% | 0.28% |
| Amber Enterprises India Limited | 2.88% | 0.24% |
| SYRMA SGS TECHNOLOGY LIMITED | 1.36% | 0.23% |
| Elgi Equipments Limited | 1.86% | 0.22% |
| CRISIL Limited | 1.98% | 0.18% |
| Kajaria Ceramics Limited | 0.94% | 0.17% |
| Aditya Infotech Limited | 0.49% | 0.17% |
| Endurance Technologies Limited | 2.02% | 0.16% |
| Jyoti Cnc Automation Ltd | 3.96% | 0.15% |
| Netweb Technologies India Limited | 3.49% | 0.15% |
| Amara Raja Energy & Mobility Limited | 1.53% | 0.15% |
| FORCE MOTORS LTD. | 0.54% | 0.14% |
| GABRIEL INDIA LIMITED | 1.70% | 0.13% |
| PG Electroplast Limited | 0.38% | 0.13% |
| SCHNEIDER ELECTRIC INFRASTRUCTURE LTD. | 1.83% | 0.12% |
| eClerx Services Limited | 0.92% | 0.12% |
| TENNECO CLEAN AIR INDIA LIMITED | 1.94% | 0.09% |
| Olectra Greentech Limited | 1.30% | 0.08% |
| RHI MAGNESITA INDIA LIMITED | 0.98% | 0.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.0% means 26.0% 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 The Wealth Company Ethical Fund
| Security | % of fund |
|---|---|
| State Bank of India | 2.06% |
| Shriram Finance Limited | 2.00% |
| Ujjivan Small Finance Bank Limited | 1.71% |
| Pricol Limited | 1.71% |
| BSE Ltd | 1.18% |
Largest holdings only in UTI Nifty500 Shariah Index Fund
| Security | % of fund |
|---|---|
| EQ - ETERNAL LIMITED | 3.86% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 3.20% |
| EQ - HINDUSTAN UNILEVER LTD | 2.77% |
| EQ - HCL TECHNOLOGIES LTD. | 2.16% |
| EQ - ASIAN PAINTS (INDIA) LTD. | 1.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | The Wealth Company Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| Equity | 93.6% | 100.2% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.4% | -0.2% |
Market cap of stocks
| Market cap | The Wealth Company Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| Large Cap | 24.3% | 54.0% |
| Mid Cap | 32.9% | 30.9% |
| Small Cap | 35.1% | 15.0% |
| Not on AMFI's list | 1.2% | 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 | The Wealth Company Ethical | UTI Nifty500 Shariah Index |
|---|---|---|
| IT - Software | 14.5% | 16.6% |
| Pharmaceuticals & Biotechnology | 0.0% | 13.7% |
| Auto Components | 11.6% | 5.3% |
| Retailing | 5.1% | 8.3% |
| Electrical Equipment | 7.9% | 6.0% |
| Consumer Durables | 7.4% | 5.0% |
| Industrial Manufacturing | 6.1% | 0.8% |
| Industrial Products | 5.7% | 5.9% |
The six largest sectors of each fund's stocks, % of the fund.
The Wealth Company Ethical vs UTI Nifty500 Shariah Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | The Wealth Company Ethical Fund | UTI Nifty500 Shariah Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 0.78% |
| Base expense ratio (Direct) | 0.61% | 0.50% |
| Total expense ratio (Regular) | 2.76% | 1.24% |
| Base expense ratio (Regular) | 2.01% | 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
Compare The Wealth Company Ethical with
The Wealth Company Ethical Fund vs UTI Nifty500 Shariah Index Fund: Frequently Asked Questions
What is the difference between The Wealth Company Ethical Fund and UTI Nifty500 Shariah Index Fund?
The Wealth Company Ethical Fund is a Thematic fund, UTI Nifty500 Shariah Index Fund is an Index fund, run by The Wealth Company Mutual Fund and UTI Mutual Fund. Their portfolios overlap 26.0%. The Wealth Company Ethical Fund charges 1.15% a year and UTI Nifty500 Shariah Index Fund 0.78%.
Which has the lower expense ratio, The Wealth Company Ethical Fund or UTI Nifty500 Shariah Index Fund?
UTI Nifty500 Shariah Index Fund charges less: 0.78% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do The Wealth Company Ethical Fund and UTI Nifty500 Shariah Index Fund overlap?
26.0%. They hold 43 of the same securities, the largest shared ones being TCS, INFY, HINDALCO. From each fund's latest monthly portfolio.
Which is riskier, The Wealth Company Ethical Fund or UTI Nifty500 Shariah Index Fund?
On SEBI's riskometer, The Wealth Company 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 14.60% and 14.41% a year.
Can I invest in both The Wealth Company Ethical Fund and UTI Nifty500 Shariah Index Fund?
Yes. 26.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages The Wealth Company Ethical Fund and UTI Nifty500 Shariah Index Fund?
The Wealth Company Ethical Fund: Aparna Shanker, Saloni Kapadia. 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.