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Low-cost index

Cheapest way to track an index?

Ranked on expense ratio and tracking — a passive fund’s job is to be cheap and accurate.

370 funds in this group. Showing the top 100 by expense ratio — pick a sub-category below for the complete list.

Top 100 funds, ranked by expense ratio

#
1HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Growth PlanPlatinumIndex Funds0.09%+6.87%—-0.1%₹1,972 Cr
2BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEPTEMBER 2027 INDEX FUND - Growth - Direct PlanGoldIndex Funds0.09%+5.37%+7.66%-0.4%₹144 Cr
3BANDHAN CRISIL IBX 90:10 SDL PLUS GILT APRIL 2032 INDEX FUND - DIRECT GROWTHPlatinumIndex Funds0.09%+2.97%+7.77%-2.3%₹382 Cr
4Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.10%+6.69%—-0.1%₹387 Cr
5ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.11%+6.69%—-0.1%₹539 Cr
6Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GrowthGoldIndex Funds0.11%+5.80%—-0.2%₹130 Cr
7Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth optionGoldIndex Funds0.12%+6.52%—-0.1%₹218 Cr
8Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund-Direct-GrowthPlatinumIndex Funds0.12%+6.46%—-0.1%₹236 Cr
9Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index Fund - Direct - GrowthGoldIndex Funds0.13%+5.93%—-0.2%₹1,106 Cr
10Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund - Direct Plan - GrowthGoldIndex Funds0.14%+4.95%—-0.5%₹286 Cr
11Aditya Birla Sun Life Crisil-IBX financial Services 3 to 6 months Debt Index Fund-Direct GrowthPlatinumIndex Funds0.15%+6.69%—-0.1%₹2,220 Cr
12Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+6.59%—-0.1%₹118 Cr
13Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+6.03%—-0.3%₹2,398 Cr
14Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+5.96%+7.49%-3.3%₹2,931 Cr
15Axis CRISIL IBX SDL May 2027 Index Fund - Direct Plan - GrowthBronzeIndex Funds0.15%+5.66%+7.67%-3.6%₹1,710 Cr
16HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct - GrowthIndex Funds0.15%+4.98%+7.33%-0.5%₹181 Cr
17DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund - Direct - GrowthGoldIndex Funds0.15%+2.23%+7.61%-2.7%₹269 Cr
18Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund-Direct GrowthPlatinumIndex Funds0.16%+5.87%—-0.3%₹1,329 Cr
19Edelweiss CRISIL IBX AAA Financial Services Bond - Jan 2028 Index Fund - Growth - Direct PlanPlatinumIndex Funds0.16%+5.37%—-0.5%₹103 Cr
20DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund - Direct - GrowthGoldIndex Funds0.16%+4.66%+7.85%-2.7%₹1,642 Cr
21HDFC Nifty G-Sec July 2031 Index Fund - Growth Option - Direct PlanSilverIndex Funds0.16%+2.21%+7.97%-2.6%₹623 Cr
22UTI CRISIL SDL Maturity April 2033 Index Fund - Direct Plan - Growth OptionSilverIndex Funds0.17%+2.54%+7.46%-2.6%₹266 Cr
23ICICI Prudential Nifty SDL Sep 2027 Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.18%+5.32%+7.77%-3.8%₹1,429 Cr
24Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund - Direct Plan - GrowthIndex Funds0.18%+1.56%+7.87%-2.9%₹206 Cr
25Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund - Direct Plan - GrowthGoldIndex Funds0.18%+1.24%+7.70%-3.4%₹882 Cr
Showing 25 of 100; sorting covers all of them.

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old, short-duration categories included. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.

Low-cost index — FAQs
What should I compare between two index funds on the same index?

Cost and tracking. Two funds following the same index hold the same securities, so the difference in what you receive comes from the expense ratio and from how closely the fund tracks the index — its tracking difference and tracking error.

Index fund or ETF?

An ETF trades on an exchange, needs a demat account, and its market price can differ slightly from NAV. An index fund is bought at NAV like any mutual fund and supports SIPs, usually at a marginally higher expense ratio.

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Disclaimer