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.

81 funds in this group. 66 meet the eligibility criteria below.

66 funds, ranked by expense ratio

#FundCategory
1Navi Nifty 50 Index Fund-Direct Plan-GrowthIndex Funds0.10%+0.97%+13.14%-16.6%₹4,015 Cr
2Kotak Nifty 50 Index Fund - Direct Plan-GrowthIndex Funds0.14%+1.00%+13.04%-16.4%₹1,143 Cr
3BANDHAN Nifty 50 Index Fund-Direct Plan-GrowthIndex Funds0.14%+0.94%+13.24%-37.6%₹2,702 Cr
4Motilal Oswal Nifty 50 Index Fund - Direct plan - GrowthIndex Funds0.19%+0.97%+14.85%-37.3%₹883 Cr
5Axis Nifty Next 50 Index Fund - Direct Plan - GrowthBronzeIndex Funds0.22%+13.44%+18.33%-26.4%₹510 Cr
6HSBC NIFTY 50 INDEX FUND - Direct GrowthIndex Funds0.22%+0.89%+11.91%-15.5%₹384 Cr
7ICICI Prudential BSE Sensex Index Fund - Direct Plan - Cumulative OptionIndex Funds0.22%-1.72%+14.73%-37.3%₹1,843 Cr
8Motilal Oswal Nifty 500 Index Fund - Direct PlanIndex Funds0.23%+5.42%+17.55%-37.3%₹2,968 Cr
9ICICI Prudential Nifty Bank Index Fund - Direct Plan GrowthIndex Funds0.23%+4.65%+12.29%-18.3%₹765 Cr
10DSP Nifty 50 Index Fund - Direct Plan - GrowthIndex Funds0.23%+0.96%+14.83%-37.8%₹1,096 Cr
11HDFC BSE Sensex Index Fund - Direct PlanIndex Funds0.23%-1.75%+12.89%-38.1%₹8,485 Cr
12ICICI Prudential Nifty 50 Index Fund - Direct Plan Cumulative OptionIndex Funds0.24%+0.88%+13.16%-38.2%₹16,839 Cr
13SBI NIFTY INDEX FUND - DIRECT PLAN - GROWTHIndex Funds0.24%+0.84%+12.99%-38.4%₹13,646 Cr
14Axis Nifty 100 Index Fund - Direct Plan - Growth OptionIndex Funds0.25%+3.01%+15.32%-37.0%₹2,024 Cr
15Navi Nifty Next 50 Index Fund- Direct Plan- GrowthBronzeIndex Funds0.26%+13.23%+18.20%-26.3%₹1,266 Cr
16Edelweiss Nifty Smallcap 250 Index Fund - Direct Plan - GrowthIndex Funds0.26%+9.93%+19.79%-26.1%₹249 Cr
17Kotak Nifty Next 50 Index Fund - Direct Plan - Growth OptionGoldIndex Funds0.27%+13.39%+19.53%-26.3%₹1,206 Cr
18Axis Nifty Midcap 50 Index Fund - Direct Plan - Growth OptionGoldIndex Funds0.29%+13.58%+24.57%-20.3%₹701 Cr
19Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - Growth optionBronzeIndex Funds0.30%+11.47%—-17.1%₹100 Cr
20Franklin India INDEX FUND- NSE NIFTY 50 INDEX FUND- Direct - GrowthIndex Funds0.30%+0.89%+12.86%-37.6%₹723 Cr
21HDFC Nifty 50 Index Fund - Direct PlanIndex Funds0.30%+0.84%+13.19%-38.4%₹23,703 Cr
22Motilal Oswal Nifty Bank Index Fund - Direct PlanIndex Funds0.31%+4.62%+12.92%-46.9%₹673 Cr
23LIC MF Nifty Next 50 Index Fund-Direct Plan-GrowthBronzeIndex Funds0.32%+13.59%—-26.4%₹108 Cr
24Kotak Nifty Smallcap 50 Index Fund - Direct Plan - GrowthSilverIndex Funds0.33%+16.57%—-25.0%₹220 Cr
25Motilal Oswal Nifty Midcap 150 Index Fund - Direct PlanBronzeIndex Funds0.33%+10.96%+25.37%-37.2%₹3,730 Cr

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 numeric column to re-sort; funds with no value for that 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.