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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.

360 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 PlanGoldIndex Funds0.09%+7.13%—-0.1%₹2,264 Cr
2BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEP27 INDEX FUND - DIRECT GROWTHGoldIndex Funds0.09%+6.08%+7.69%-0.4%₹144 Cr
3BANDHAN CRISIL IBX 90:10 SDL PLUS GILT APRIL 2032 INDEX FUND - DIRECT GROWTHPlatinumIndex Funds0.09%+5.37%+7.86%-2.3%₹392 Cr
4Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthGoldIndex Funds0.10%+6.94%—-0.1%₹354 Cr
5Kotak CRISIL - IBX AAA Bond Financial Services Index Dec 2026 Fund - Direct - GrowthPlatinumIndex Funds0.10%+6.67%—-0.2%₹129 Cr
6Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GrowthSilverIndex Funds0.10%+6.30%—-0.2%₹138 Cr
7ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthGoldIndex Funds0.11%+6.96%—-0.1%₹533 Cr
8Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund-Direct-GrowthSilverIndex Funds0.12%+6.78%—-0.1%₹270 Cr
9Aditya Birla Sun Life Crisil-IBX financial Services 3 to 6 months Debt Index Fund-Direct GrowthPlatinumIndex Funds0.14%+6.95%—-0.1%₹2,164 Cr
10Kotak Nifty AAA Bond Financial Services Mar 2028 Index Fund - Direct Plan - GrowthSilverIndex Funds0.14%+5.88%—-0.5%₹258 Cr
11Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+6.78%—-0.1%₹126 Cr
12Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+6.58%—-0.3%₹2,295 Cr
13Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund - Direct Plan - Growth OptionSilverIndex Funds0.15%+6.29%+7.52%-3.3%₹2,897 Cr
14Axis CRISIL IBX SDL May 2027 Index Fund - Direct Plan - GrowthGoldIndex Funds0.15%+6.18%+7.73%-3.6%₹1,705 Cr
15HSBC CRISIL IBX Gilt June 2027 Index Fund - Direct - GrowthIndex Funds0.15%+5.57%+7.33%-0.5%₹181 Cr
16DSP CRISIL-IBX 50:50 Gilt Plus SDL - April 2033 Index Fund - Direct - GrowthSilverIndex Funds0.15%+4.68%+7.67%-1.8%₹277 Cr
17Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund-Direct GrowthPlatinumIndex Funds0.16%+6.37%—-0.3%₹1,228 Cr
18Edelweiss CRISIL IBX AAA Financial Services - Jan 2028 Index Fund - Direct - GrowthSilverIndex Funds0.16%+6.18%—-0.5%₹103 Cr
19DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund - Direct - GrowthGoldIndex Funds0.16%+5.55%+7.92%-2.7%₹1,649 Cr
20UTI CRISIL SDL Maturity April 2033 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.17%+5.00%+7.53%-2.2%₹269 Cr
21ICICI Prudential Nifty SDL Sep 2027 Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.18%+6.07%+7.80%-3.8%₹1,448 Cr
22Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund - Direct Plan - GrowthGoldIndex Funds0.19%+5.66%+7.54%-0.8%₹337 Cr
23HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund - Direct - GrowthIndex Funds0.19%+5.63%+7.89%-2.4%₹1,749 Cr
24ICICI Prudential Nifty SDL Dec 2028 Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.19%+5.41%+7.92%-1.2%₹909 Cr
25Tata Nifty G-Sec Dec 2029 Index Fund - Direct Plan - GrowthSilverIndex Funds0.19%+4.74%+7.79%-1.1%₹133 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.