If you are looking for a mutual fund that is in accordance with Islam and based on ethical principles, then Tata Ethical Fund is a good option. This fund is designed for investors who want to grow their investments in accordance with Sharia law.
Tata Ethical Fund is an equity-oriented mutual fund that follows Sharia principles. This fund invests only in companies that stay away from harmful activities such as alcohol, gambling, interest-based business, and speculative trading.
Tata Ethical Fund has a well-diversified portfolio
The fund currently invests in 64 Halal stocks
- The fund size: ₹3,291 cr
- equity: 90.04%
- cash: 9.5%
equity sector
| sectors | equity |
|---|---|
| technology | 20.4% |
| health care | 17.7% |
| FMCG | 12.7% |
| others | 11% |
| capital good | 10.3% |
| energy | 9.4% |
| chemicals | 7% |
| automobile | 5.8% |
| construction | 5.2% |
Fund Performance
Tata Ethical Fund has performed average. This fund can be a strong option for the long term, especially for investors who invest in Sharia-compliant mutual funds. The track record of this fund is stable
fund returns
| 1 year | 3 years | 5 years | all |
|---|---|---|---|
| 9.1% | 10.9% | 19.2% | 15.7% |
You can invest in Tata Ethical Fund through lump sum or SIP
- min sip amount: 100
- SIP & lumpsum calculator
Fund Manager
Before investing in any mutual fund, it is important to check the experience of the fund manager
- Abhinav Sharma ( 2021, present)
- education: B tech degree from iit kharag pur & pGDCM from iim kolkata
- experience: Work before Tata Mutual Fund
taurus mutual fund, ING Vysya life insurance as sr manager, edelweiss securities as manager,icici lombard genral insurane as a investment manager.
If you look closely, even before Tata Fund, there have been expressions of work in big companies
Is Tata Ethical Fund Halal?
As per my research, this fund invests in Shariah compliant stocks. You can take a look at the 64 stocks yourself if you wish.
Tata Ethical Fund is a unique offering that promotes ethical and sustainable investing. If you want to remain socially responsible and Shariah-compliant while achieving your financial goals, this fund is right for you.
Disclaimer
Always remember, it is important to consult your financial advisor before taking investment decisions.
The investment market is risky. The past performance of a fund does not guarantee future returns. You should take decisions based on your risk appetite and financial goals
