Halal Funds Schemes in India
Certified ethical and Shariah-compliant mutual funds in India strictly excluding interest (Riba), conventional banking, alcohol, tobacco, and gambling.
Shariah Compliant & Halal Funds (6 Schemes)
TASIS Certified • Zero Riba / Conventional BankingTata Ethical Fund - Direct Plan - Growth Option
Equity - Thematic / Ethical • Tata Mutual FundScreening Mandate: Debt/Market Cap < 33%, Cash < 33%, Zero revenue from banking (Riba), alcohol, tobacco, gambling, or pork.
“India's oldest and largest Shariah-compliant fund (AUM > ₹2,500 Cr) with a multi-decade compounding track record.”
Taurus Ethical Fund - Direct Plan - Growth
Equity - Thematic / Ethical • Taurus Mutual FundScreening Mandate: Strict negative screening of non-compliant sectors and excessive leverage ratios.
“Active equity portfolio dynamically filtering growth leaders compliant with Islamic finance principles.”
UTI Nifty500 Shariah Index Fund - Direct Plan - Growth
Index Fund / Shariah Passive • UTI Mutual FundScreening Mandate: Passive index replication of the screened Nifty 500 Shariah universe with low expense ratio.
“First low tracking error passive Shariah index fund in India offering institutional-grade transparency.”
Quantum Ethical Fund - Direct Plan - Growth Option
Equity - Thematic / Ethical • Quantum Mutual FundScreening Mandate: Combines Quantum's value investing margin-of-safety discipline with strict Shariah financial filters.
“Zero-debt and low-leverage value portfolio with high standards of corporate governance.”
Nippon India ETF Nifty 50 Shariah BeES - Direct Plan
Exchange Traded Fund (ETF) • Nippon India Mutual FundScreening Mandate: Replicates top 50 bluechip companies compliant with Shariah debt and revenue ratios.
“Tradeable in real-time on NSE/BSE for instant liquidity and transparent ethical investing.”
The Wealth Company Ethical Fund - Direct Plan - Growth
Equity - Thematic / Ethical • The Wealth Company AMCScreening Mandate: Multi-cap equity portfolio strictly filtering out interest income and unhedged speculative debt.
“Modern multi-cap allocation adhering to socially responsible and Islamic investment principles.”