Top 10 Index Funds In India By AUM [2024] - Forbes India (2024)

Top 10 Index Funds In India By AUM [2024] - Forbes India (1)

Index funds are a kind of mutual fund or exchange-traded fund (ETF) which looks to replicate the performance of a certain market index, such as the Nifty or the S&P 500. Top 10 index funds in India offer a diversified portfolio of stocks or bonds at a low cost because they passively track an index's composition.What index funds do is hold the same assets as the index they track without actively buying and selling securities, making them a straightforward and efficient investment option.

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Notably, the expense ratio represents the annual fees and costs associated with managing the fund. Lower expense ratios are important because they directly impact the investor's returns, making index funds an attractive choice for cost-conscious investors. In this post, we look at the top 10 equity funds among the index funds in India, based on AUM and listed in descending order.

Top 10 equity index funds in India

Our list of the top 10 equity funds out of the index funds in India is below, arranged with the highest to lowest AUM. AUM and expense ratio data are sourced from respective mutual fund websites as of March 13, 2024.

Fund name AUM (Cr.) Expense ratio (%)
UTI Nifty 50 Index Fund 15,648.55
0.21
HDFC Index Fund- Nifty 50 Plan 12,613.86
0.2
ICICI Prudential Nifty 50 Index Fund 6,954.57
0.17
SBI Nifty Index Fund 6,493.78
0.18
HDFC Index Fund - S&P BSE Sensex Plan 6,474.45
0.30
UTI Nifty200 Momentum 30 Index Fund 4,512.99
0.46
ICICI Prudential Nifty Next 50 Index Fund 3,884.57
0.66
Motilal Oswal S&P 500 Index Fund 3,172.93
0.56
UTI Nifty Next 50 Index Fund 3384.94
0.35
Navi Nifty 50 Index Fund - Direct Plan - Growth 1,529.14
0.06

It's time for a closer look at the top equity funds in India.

UTI Nifty 50 Index Fund

  1. Fund house: UTI Mutual Fund
  2. Inception: March 06, 2000
  3. Returns (3Y): 16.28 percent

UTI Nifty 50 Index Fund is in the number one position in India's list of top 10 index funds. It is a medium-sized Large Cap Index fund. Over the past year, it has generated a 15.36 percent return, averaging 12.67 percent annually since its inception and doubling investments every four years. The fund's consistent performance aligns with its category and displays above-average risk control in declining markets. The UTI-Nifty 50 Index Fund constitutes 50 stocks in the Nifty 50 index. It is ideal for those with a minimum 5-year investment horizon and a strong appetite for high risk. More info: UTI Nifty 50 Index Fund

HDFC Index Fund- Nifty 50 Plan

  1. Fund house: HDFC Mutual Fund
  2. Inception: January 1, 2013
  3. Returns (3Y): 18.96 percent

HDFC Index Fund Nifty 50 Plan Direct-Growth is a mutual fund scheme classified within the Large Cap Index category. Over the past year, HDFC Index Fund Nifty 50 Plan Direct-Growth has yielded returns of 15.35 percent. Since its inception, it has delivered an average annual return of 12.81 percent. Remarkably, this fund has demonstrated the ability to double the invested capital every four years.This fund invests in the 50 stocks comprising the Nifty 50 index and is suitable for high-risk, risk-taking equity investors. More info: HDFC Index Fund- Nifty 50 Plan

ICICI Prudential Nifty 50 Index Fund

  1. Fund house: ICICI Prudential Mutual Fund
  2. Inception: February 15, 2002
  3. Returns (3Y): 16.05 percent

ICICI Prudential Nifty 50 Index Fund-Growth is among India's top 10 index funds. It falls within the Large Cap Index category. Over the past year, ICICI Prudential Nifty 50 Index Fund-Growth has returned 15.09 percent. Since its inception, it has delivered an average annual return of 14.74 percent. Impressively, this fund can double the invested capital every four years.This fund invests in 50 companies listed in the Nifty 50 index and is suitable for investors seeking long-term wealth creation. More info: ICICI Prudential Nifty 50 Index Fund

SBI Nifty Index Fund

  1. Fund house: SBI Mutual Fund
  2. Inception: January 1, 2013
  3. Returns (3Y): 16.32 percent

SBI Nifty Index Direct Plan-Growth is one of India's top 10 index funds. It is a mutual fund scheme categorised under the Large Cap Index category. Over the past year, SBI Nifty Index Direct Plan-Growth has delivered returns of 15.37 percent. Since its inception, it has maintained an average annual return of 12.35 percent. It is worth highlighting that this fund has the capability to double the invested capital every four years.The fund invests in 50 companies listed in the Nifty 50 index and can be suitable for high-risk-taking equity investors. More info: SBI Nifty Index Fund

HDFC Index Fund - S&P BSE Sensex Plan

  1. Fund house: HDFC Mutual Fund
  2. Inception: January 1, 2013
  3. Returns (3Y): 15.54 percent

HDFC Index S&P BSE Sensex Direct Plan-Growth falls into the Large Cap Index category. Over the past year, HDFC Index S&P BSE Sensex Direct Plan-Growth has yielded returns of 14.94 percent. Since its inception, it has delivered an average annual return of 13.11 percent. Notably, this fund can double the invested capital every four years.This fund invests in companies included in the S&P BSE Sensex, constituting 30 stocks.More info: HDFC Index Fund - S&P BSE Sensex Plan

UTI Nifty200 Momentum 30 Index Fund

  1. Fund house: UTI Mutual Fund
  2. Inception: March 12, 2021
  3. Returns (3Y): 11.94 percent

UTI Nifty200 Momentum 30 Index Fund Direct-Growth is one of India's top 10 index funds. It is a Large Cap Index category fund. Over the past year, UTI Nifty200 Momentum 30 Index Fund Direct-Growth has delivered impressive returns of 22.54 percent. Since its inception, it has consistently provided an average annual return of 19.74 percent.Investors seeking higher returns through a momentum-based approach with increased risk can consider this top index fund. More info: UTI Nifty200 Momentum 30 Index Fund

ICICI Prudential Nifty Next 50 Index Fund

  1. Fund house: ICICI Prudential Mutual Fund
  2. Inception: June 10, 2010
  3. Returns (3Y): 15.5 percent

ICICI Prudential Nifty Next 50 Index Fund-Growth is one of India's top 10 index funds. It is a mutual fund scheme offered and categorised within the Large Cap Index segment.Over the past year, ICICI Prudential Nifty Next 50 Index Fund-Growth has generated returns of 9.55 percent. Since its inception, it has maintained an average annual return of 10.99 percent. It's important to note that this fund holds the capability to double the invested capital every four years.This fund suits investors looking for exposure to index schemes replicating the Nifty Next 50 Index. More info: ICICI Prudential Nifty Next 50 Index Fund

Motilal Oswal S&P 500 Index Fund

  1. Fund house: Motilal Oswal Mutual Fund
  2. Inception: April 28, 2020
  3. Returns (3Y): 14 percent

Motilal Oswal S&P 500 Index Fund Direct-Growth falls under the International Index category. Over the past year, Motilal Oswal S&P 500 Index Fund Direct-Growth has provided returns of 24.32 percent. Since its inception, it has maintained an average annual return of 15.90 percent.The fund invests in 500 stocks comprising the S&P 500 Index.More info: Motilal Oswal S&P 500 Index Fund

UTI Nifty Next 50 Index Fund

  1. Fund house: UTI Mutual Fund
  2. Inception: November 13, 2002
  3. Returns (3Y): 16.97 percent

The primary objective of this investment scheme is to invest in the stocks of companies included in the Nifty Next 50 Index and strive to attain returns equivalent to the performance of the index through a passive investment approach. With its significant size in the category, the fund stands out for its exceptionally low Tracking Error and Tracking Difference. More info: UTI Nifty Next 50 Index Fund

Navi Nifty 50 Index Fund - Direct Plan - Growth

  1. Fund house: Navi
  2. Inception: 15 July, 2021
  3. Returns (3Y): 16.96 percent (from the date of inception)

More info: Navi Nifty 50 Index Fund - Direct Plan - Growth

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Top 10 Index Funds In India By AUM [2024] - Forbes India (2024)

FAQs

Top 10 Index Funds In India By AUM [2024] - Forbes India? ›

If you invest Rs 1000 for 20 years , if we assume 12 % return , you would get Approx Rs 9.2 lakhs. Invested amount Rs 2.4 Lakh.

Which is the best mutual fund to invest in 2024? ›

List of Best Retirement Funds in India for 2024 (as per 3Y Returns)
S.No.Fund Name3Y Return (Annualised)
1.ICICI Prudential Retirement Fund Pure Equity Plan Direct-Growth33.36%
2.HDFC Retirement Savings Fund Equity Plan Direct-Growth28.08%
3.ICICI Prudential Retirement Fund Hybrid Aggressive Plan Direct-Growth23.74%
3 more rows
2 days ago

Which index fund is best in India? ›

Best Index Funds in india for 2024
Index FundMinimum SIP Investment
ICICI Prudential Nifty 50 Index Direct Plan-GrowthRs 100
Motilal Oswal Nifty Small Cap 250 Index Fund Direct - GrowthRs 500
Nippon India Nifty Small Cap 250 Index Fund Direct - GrowthRs 1,000
DSP Nifty 50 Equal Weight Index Fund Direct - GrowthRs 100
1 more row

Which is the largest index fund by AUM? ›

Largest ETFs: Top 100 ETFs By Assets
SymbolNameAUM
QQQInvesco QQQ Trust Series I$246,219,000.00
VEAVanguard FTSE Developed Markets ETF$127,261,000.00
VUGVanguard Growth ETF$115,884,000.00
IEFAiShares Core MSCI EAFE ETF$112,502,000.00
96 more rows

What is the best ETF to invest in 2024? ›

Best ETFs as of May 2024
TickerFund name5-year return
SMHVanEck Semiconductor ETF31.19%
SOXXiShares Semiconductor ETF26.35%
XLKTechnology Select Sector SPDR Fund21.30%
IYWiShares U.S. Technology ETF20.70%
1 more row
4 days ago

What if I invest $1,000 a month in mutual funds for 20 years? ›

If you invest Rs 1000 for 20 years , if we assume 12 % return , you would get Approx Rs 9.2 lakhs. Invested amount Rs 2.4 Lakh.

Which MF is best for 10 years? ›

Best-Performing Mid-Cap Mutual Funds in India in the Last 10 Years
NamePlanCAGR 10 Years
Tata Mid Cap Growth FundGrowth22.37
ICICI Pru Midcap FundGrowth21.30
Sundaram Mid Cap FundGrowth20.71
Invesco India Midcap FundGrowth22.93
6 more rows
Mar 7, 2024

What are the top 3 indices in India? ›

What are India's three major stock indices? Benchmark indices - BSE Sensex and NSE Nifty are two prominent indicators in India. Sectoral indices such as the BSE Bankex and the CNX IT. Indices based on market capitalization, such as the BSE Smallcap and BSE Midcap.

Which index fund is safe in India? ›

Best Index Funds – Top 10 Index Funds in India (2022) & How to Invest in Best Index Funds
FUNDNAV
HSBC NIFTY NEXT 50 INDEX FUND - Direct Growth INDEX28.3283Invest Now
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth INDEX19.1882Invest Now
SUNDARAM NIFTY 100 EQUAL WEIGHT FUND INDEX112.128Invest Now
17 more rows
Mar 21, 2024

Which index fund is best for long term in India? ›

UTI Nifty200 Momentum 30 Index Fund Direct-Growth is one of India's top 10 index funds. It is a Large Cap Index category fund. Over the past year, UTI Nifty200 Momentum 30 Index Fund Direct-Growth has delivered impressive returns of 22.54 percent.

What are the top 5 ETFs for 2024? ›

One metric that investors often look to is trailing one-month performance. The top ETFs for equities, bonds, fixed income, commodities, and currencies for May 2024 based on this metric include SGDM, FLRN, CLOI, DBA, and UUP.

Which ETF has the highest return in India? ›

6 Best Performing ETFs last 10 years in India
  • Nippon India ETF Nifty 50 BeES. 102.38% 707.9%
  • Nippon India ETF Gold BeES. 99.57% 467.4%
  • Invesco India Gold ETF. 107.00% 288.0%
  • UTI S&P BSE Sensex ETF. 95.56% 200.8%
  • BHARAT 22 ETF. 161.65% 172.2%
  • Nippon India ETF PSU Bank BeES.
Mar 27, 2024

Which index fund gives the highest return? ›

List of Best Index Funds in India Ranked by Last 5 Year Returns
  • HDFC Index S&P BSE Sensex Fund. ...
  • Tata S&P BSE Sensex Index Fund. ...
  • UTI Nifty200 Momentum 30 Index Fund. ...
  • HSBC Nifty 50 Index Fund. ...
  • Mirae Asset NYSE FANG+ ETF FoF. ...
  • Motilal Oswal Nifty Midcap 150 Index Fund. ...
  • Mirae Asset Equity Allocator FoF. ...
  • Axis Nifty 100 Index Fund.

Which mutual fund is best in future? ›

Performance Overview of top 10 best mutual funds to invest now:
FundsCategory1 Yr Returns
HDFC Mid-Cap Opp Dir Invest OnlineEquity49.98%
Parag Parikh Flexi Cap Dir Invest OnlineEquity37.02%
ICICI Pru Bluechip Dir Invest NowEquity30.57%
HDFC Flexi Cap Dir Invest OnlineEquity32.64%
6 more rows
3 days ago

Which mutual fund has the highest 5 year return? ›

Fund House Fund Category Fund Rank and Ratios Fund Parameters Investment Parameters Filter
Scheme NamePlan5Y
SBI Long Term Equity Fund - Direct Plan - GrowthDirect Plan22.81%
HDFC ELSS Tax saver - Direct Plan - GrowthDirect Plan18.57%
Invesco India ELSS Tax Saver Fund - Direct Plan - GrowthDirect Plan18.26%
23 more rows

What is the highest performing mutual fund? ›

Best-performing U.S. equity mutual funds
TickerName5-year return (%)
VQNPXVanguard Growth & Income Inv13.65%
USSPXVictory 500 Index Member13.60%
MAEIXMoA Equity Index Fund13.40%
BSPSXiShares S&P 500 Index Service13.33%
3 more rows
4 days ago

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