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9 Best Performing Index Mutual Funds for 2024 | Fincash.com

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Best Index Mutual Funds for Investments 2024

Updated on February 28, 2024 , 527481 views

Index Funds refer to the Mutual Fund schemes whose Portfolio is constructed using a Market index as a base. In other words, the performance of an index fund is dependent on the performance of a particular index. These schemes are passively managed. These funds contain shares in the similar proportion as they are in a particular index.

In India, many of the schemes use Nifty or Sensex as the base to construct their portfolio. For example, if the Nifty portfolio constitutes of SBI shares whose proportion is 12% then; the Nifty Index fund will also have 12% equity shares.

They passively track the performance of a particular index. Unlike actively-managed funds, index funds are not meant to outperform the market, but mimic the performance of the index. When an investor is planning to invest in index funds, they should pay attention to the tracking error of the fund. The tracking error measures the deviation of fund return from benchmark it is tracking. It is the difference between the index fund return and its benchmark return. The lower the tracking error, the better the fund’s performance.

Why to Invest in Index Funds in India?

Some of the benefits of investing in Index Funds are:

1. Diversification

An index is a collection of different stocks and securities. They offer diversification to the investor which is the main motive of Asset Allocation. This ensures that the investor does not have all his eggs in one basket.

2. Less Expenses

Index fund has a lower operating expenses as compared to other mutual fund schemes. Here, the fund managers need not have a separate team of research analysts to carry out an in-depth research of the companies against, which a significant amount is spent. In index funds, the manager just needs to replicate the index. Therefore, the expense ratio is lower in case of index funds.

3. Less Managerial Influence

Since the fund simply follows the movement of the particular index, the manager doesn’t have to choose what stocks to invest in. This is a plus point since the manager’s own style of Investing (which may not be in sync with the market at times) does not creep in.

Type of Index Mutual Funds

The weightage of a company in the Sensex or Nifty depends on its free Float market capitalization. It is a percentage of the total market capitalization of the index. So, if the market capitalization of a company is Rs 1 crore, while that of the index if Rs 200 crore, its stock has a weightage of 0.5%.

1. SENSEX Index Funds

These index funds track BSE SENSEX as bechmark index & invest in 30 companies on BSE Sensex based on weightage login as discussed above. These Types of Mutual Funds are backed by ETF's (Exchange Traded Fund) traded on exchange.

2. NIFTY Index Funds

These index funds track NSE NIFTY 50 as bechmark index & invest in 50 companies on Nifty 50 based on weightage login as discussed above. These types of Mutual Funds are backed by ETF's (Exchange Traded Funds) traded on exchange.

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3. NIFTY Junior Index Funds

These index funds track NSE NIFTY Junior 50 as bechmark index & invest in 50 companies on NSE NIFTY Junior 50 based on weightage login as discussed above. These types of mutual funds are backed by ETF's (Exchange Traded Funds) traded on exchange.

Top 9 Best Performing Index Funds FY 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Index Fund - Sensex Plan Growth ₹37.0789
↑ 0.63
₹5988.211.923.714.515.619.5
LIC MF Index Fund Sensex Growth ₹137.613
↑ 2.32
₹818.111.723.31415.319
ICICI Prudential Nifty Index Fund Growth ₹221.83
↑ 3.53
₹6,7599.314.327.915.61620.7
Franklin India Index Fund Nifty Plan Growth ₹178.226
↑ 2.83
₹6249.214.127.415.215.520.2
SBI Nifty Index Fund Growth ₹195.07
↑ 3.11
₹6,1529.214.227.815.515.720.7
IDBI Nifty Index Fund Growth ₹36.2111
↓ -0.02
₹2089.111.916.220.311.7
Nippon India Index Fund - Nifty Plan Growth ₹37.472
↑ 0.60
₹1,3499.214.227.715.115.420.5
ICICI Prudential Nifty Next 50 Index Fund Growth ₹52.3348
↑ 0.45
₹3,88522.832.758.219.917.226.3
IDBI Nifty Junior Index Fund Growth ₹44.2307
↑ 0.38
₹6722.632.357.319.81725.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Mar 24

*Below is the list for Index Mutual Funds having atleast 15 Crore or more in Net Assets.

1. Nippon India Index Fund - Sensex Plan

The primary investment objective of the scheme is to replicate the composition of the Sensex, with a view to generate returns that are commensurate with the performance of the Sensex, subject to tracking errors.

Nippon India Index Fund - Sensex Plan is a Others - Index Fund fund was launched on 28 Sep 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.1% since its launch.  Ranked 74 in Index Fund category.  Return for 2023 was 19.5% , 2022 was 5% and 2021 was 22.4% .

Below is the key information for Nippon India Index Fund - Sensex Plan

Nippon India Index Fund - Sensex Plan
Growth
Launch Date 28 Sep 10
NAV (01 Mar 24) ₹37.0789 ↑ 0.63   (1.71 %)
Net Assets (Cr) ₹598 on 31 Jan 24
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.74
Sharpe Ratio 1.2
Information Ratio -8.76
Alpha Ratio -0.69
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,673
28 Feb 21₹13,787
28 Feb 22₹15,855
28 Feb 23₹16,706
29 Feb 24₹20,670

Nippon India Index Fund - Sensex Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Nippon India Index Fund - Sensex Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.1%
3 Month 8.2%
6 Month 11.9%
1 Year 23.7%
3 Year 14.5%
5 Year 15.6%
10 Year
15 Year
Since launch 10.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19.5%
2022 5%
2021 22.4%
2020 16.6%
2019 14.2%
2018 6.2%
2017 27.9%
2016 2%
2015 -4.7%
2014 28.7%
Fund Manager information for Nippon India Index Fund - Sensex Plan
NameSinceTenure
Himanshu Mange23 Dec 230.11 Yr.

Data below for Nippon India Index Fund - Sensex Plan as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.01%
Equity99.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 500180
16%₹94 Cr548,611
↓ -23,063
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | 500325
11%₹64 Cr249,443
↓ -11,818
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 532174
8%₹50 Cr506,596
↓ -23,296
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | 500209
7%₹40 Cr258,034
↓ -12,225
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | 500510
5%₹31 Cr87,400
↓ -4,132
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | 500875
5%₹30 Cr640,125
↓ -29,981
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | 532540
5%₹28 Cr74,065
↓ -3,511
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹23 Cr205,001
↓ -9,581
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK
3%₹20 Cr103,451
↓ -4,897
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 10 | 532454
3%₹19 Cr182,838
↓ -7,720

2. LIC MF Index Fund Sensex

The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors.

LIC MF Index Fund Sensex is a Others - Index Fund fund was launched on 14 Nov 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.5% since its launch.  Ranked 79 in Index Fund category.  Return for 2023 was 19% , 2022 was 4.6% and 2021 was 21.9% .

Below is the key information for LIC MF Index Fund Sensex

LIC MF Index Fund Sensex
Growth
Launch Date 14 Nov 02
NAV (01 Mar 24) ₹137.613 ↑ 2.32   (1.72 %)
Net Assets (Cr) ₹81 on 31 Jan 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.99
Sharpe Ratio 1.17
Information Ratio -8.33
Alpha Ratio -1.1
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Months (1%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,704
28 Feb 21₹13,751
28 Feb 22₹15,750
28 Feb 23₹16,538
29 Feb 24₹20,385

LIC MF Index Fund Sensex SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for LIC MF Index Fund Sensex

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.1%
3 Month 8.1%
6 Month 11.7%
1 Year 23.3%
3 Year 14%
5 Year 15.3%
10 Year
15 Year
Since launch 13.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19%
2022 4.6%
2021 21.9%
2020 15.9%
2019 14.6%
2018 5.6%
2017 27.4%
2016 1.6%
2015 -5.4%
2014 29.3%
Fund Manager information for LIC MF Index Fund Sensex
NameSinceTenure
Sumit Bhatnagar3 Oct 230.33 Yr.

Data below for LIC MF Index Fund Sensex as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.26%
Equity99.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 500180
16%₹13 Cr75,898
↑ 131
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | 500325
11%₹9 Cr34,510
↓ -96
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | 532174
8%₹7 Cr69,991
↓ -320
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | 500209
7%₹6 Cr35,692
↓ -198
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | 500510
5%₹4 Cr12,103
↓ -29
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | 500875
5%₹4 Cr88,816
↑ 275
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | 532540
5%₹4 Cr10,269
↑ 15
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹3 Cr28,222
↓ -397
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | KOTAKBANK
3%₹3 Cr14,227
↓ -189
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | 532454
3%₹3 Cr25,271
↓ -10

3. ICICI Prudential Nifty Index Fund

(Erstwhile ICICI Prudential Nifty Index Fund)

An open-ended index linked growth scheme seeking to track the returns of the S&P CNX Nifty index through investment in a basket of stocks drawn from the constituents of the Nifty.

ICICI Prudential Nifty Index Fund is a Others - Index Fund fund was launched on 26 Feb 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15% since its launch.  Ranked 71 in Index Fund category.  Return for 2023 was 20.7% , 2022 was 5.2% and 2021 was 24.9% .

Below is the key information for ICICI Prudential Nifty Index Fund

ICICI Prudential Nifty Index Fund
Growth
Launch Date 26 Feb 02
NAV (01 Mar 24) ₹221.83 ↑ 3.53   (1.62 %)
Net Assets (Cr) ₹6,759 on 31 Jan 24
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.39
Sharpe Ratio 1.34
Information Ratio -8.46
Alpha Ratio -0.41
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,441
28 Feb 21₹13,591
28 Feb 22₹15,812
28 Feb 23₹16,410
29 Feb 24₹20,995

ICICI Prudential Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for ICICI Prudential Nifty Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.3%
3 Month 9.3%
6 Month 14.3%
1 Year 27.9%
3 Year 15.6%
5 Year 16%
10 Year
15 Year
Since launch 15%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.7%
2022 5.2%
2021 24.9%
2020 15.2%
2019 12.8%
2018 3.4%
2017 28.7%
2016 3.6%
2015 -3.6%
2014 32.5%
Fund Manager information for ICICI Prudential Nifty Index Fund
NameSinceTenure
Kayzad Eghlim1 Aug 0914.51 Yr.
Nishit Patel18 Jan 213.04 Yr.

Data below for ICICI Prudential Nifty Index Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Equity100.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK
14%₹891 Cr5,213,810
↑ 331,129
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE
9%₹607 Cr2,347,102
↑ 146,083
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK
7%₹485 Cr4,866,554
↑ 310,087
Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY
6%₹382 Cr2,476,523
↑ 154,158
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹289 Cr820,178
↑ 33,640
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹284 Cr6,145,683
↑ 384,619
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹267 Cr702,889
↑ 36,279
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | AXISBANK
3%₹212 Cr1,925,591
↑ 121,135
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | KOTAKBANK
3%₹195 Cr1,020,459
↑ 63,545
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
3%₹181 Cr1,755,239
↑ 114,044

4. Franklin India Index Fund Nifty Plan

The Investment Objective of the Scheme is to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with the Nifty 50 under NSENifty Plan

Franklin India Index Fund Nifty Plan is a Others - Index Fund fund was launched on 4 Aug 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.9% since its launch.  Ranked 76 in Index Fund category.  Return for 2023 was 20.2% , 2022 was 4.9% and 2021 was 24.3% .

Below is the key information for Franklin India Index Fund Nifty Plan

Franklin India Index Fund Nifty Plan
Growth
Launch Date 4 Aug 00
NAV (01 Mar 24) ₹178.226 ↑ 2.83   (1.62 %)
Net Assets (Cr) ₹624 on 31 Jan 24
Category Others - Index Fund
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 0.67
Sharpe Ratio 1.33
Information Ratio -4.56
Alpha Ratio -0.58
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-30 Days (1%),30 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,382
28 Feb 21₹13,431
28 Feb 22₹15,568
28 Feb 23₹16,124
29 Feb 24₹20,546

Franklin India Index Fund Nifty Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Franklin India Index Fund Nifty Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.3%
3 Month 9.2%
6 Month 14.1%
1 Year 27.4%
3 Year 15.2%
5 Year 15.5%
10 Year
15 Year
Since launch 12.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.2%
2022 4.9%
2021 24.3%
2020 14.7%
2019 12%
2018 3.2%
2017 28.3%
2016 3.3%
2015 -3.6%
2014 31.2%
Fund Manager information for Franklin India Index Fund Nifty Plan
NameSinceTenure
Varun Sharma30 Nov 158.18 Yr.
Sandeep Manam18 Oct 212.29 Yr.

Data below for Franklin India Index Fund Nifty Plan as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.33%
Equity99.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
13%₹84 Cr490,094
↑ 7,729
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
9%₹57 Cr220,196
↑ 2,755
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
7%₹46 Cr457,350
↑ 7,212
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
6%₹36 Cr230,417
↑ 989
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
4%₹28 Cr78,948
↑ 1,245
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC
4%₹27 Cr578,260
↑ 9,119
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹25 Cr66,277
↑ 422
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | AXISBANK
3%₹20 Cr180,540
↑ 2,276
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
3%₹18 Cr96,049
↑ 1,515
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 04 | BHARTIARTL
3%₹17 Cr164,733
↑ 2,598

5. SBI Nifty Index Fund

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks.

SBI Nifty Index Fund is a Others - Index Fund fund was launched on 17 Jan 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.5% since its launch.  Ranked 75 in Index Fund category.  Return for 2023 was 20.7% , 2022 was 5.1% and 2021 was 24.7% .

Below is the key information for SBI Nifty Index Fund

SBI Nifty Index Fund
Growth
Launch Date 17 Jan 02
NAV (01 Mar 24) ₹195.07 ↑ 3.11   (1.62 %)
Net Assets (Cr) ₹6,152 on 31 Jan 24
Category Others - Index Fund
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.5
Sharpe Ratio 1.33
Information Ratio -16.1
Alpha Ratio -0.54
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-15 Days (0.2%),15 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,406
28 Feb 21₹13,483
28 Feb 22₹15,664
28 Feb 23₹16,243
29 Feb 24₹20,758

SBI Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for SBI Nifty Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.3%
3 Month 9.2%
6 Month 14.2%
1 Year 27.8%
3 Year 15.5%
5 Year 15.7%
10 Year
15 Year
Since launch 14.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.7%
2022 5.1%
2021 24.7%
2020 14.6%
2019 12.5%
2018 3.8%
2017 29.1%
2016 3.4%
2015 -4.2%
2014 30.5%
Fund Manager information for SBI Nifty Index Fund
NameSinceTenure
Raviprakash Sharma1 Feb 1113.01 Yr.
Mohit Jain30 Nov 176.18 Yr.

Data below for SBI Nifty Index Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.15%
Equity99.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 03 | HDFCBANK
14%₹800 Cr4,681,560
↑ 279,379
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
9%₹545 Cr2,107,499
↑ 123,071
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
7%₹435 Cr4,369,754
↑ 261,673
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹343 Cr2,223,708
↑ 129,889
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
4%₹260 Cr736,451
↑ 27,315
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹255 Cr5,518,304
↑ 324,164
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹239 Cr631,136
↑ 30,125
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | AXISBANK
3%₹191 Cr1,729,017
↑ 102,131
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
3%₹175 Cr916,287
↑ 53,541
Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 04 | BHARTIARTL
3%₹163 Cr1,576,057
↑ 96,363

6. IDBI Nifty Index Fund

The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the S&P CNX Nifty Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of S&P CNX Nifty index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nifty index (Total Returns Index) and the scheme.

IDBI Nifty Index Fund is a Others - Index Fund fund was launched on 25 Jun 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.3% since its launch.  Ranked 83 in Index Fund category. .

Below is the key information for IDBI Nifty Index Fund

IDBI Nifty Index Fund
Growth
Launch Date 25 Jun 10
NAV (28 Jul 23) ₹36.2111 ↓ -0.02   (-0.06 %)
Net Assets (Cr) ₹208 on 30 Jun 23
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0.9
Sharpe Ratio 1.04
Information Ratio -3.93
Alpha Ratio -1.03
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,390
28 Feb 21₹13,464
28 Feb 22₹15,499
28 Feb 23₹16,007

IDBI Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for IDBI Nifty Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 3.7%
3 Month 9.1%
6 Month 11.9%
1 Year 16.2%
3 Year 20.3%
5 Year 11.7%
10 Year
15 Year
Since launch 10.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund Manager information for IDBI Nifty Index Fund
NameSinceTenure

Data below for IDBI Nifty Index Fund as on 30 Jun 23

Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

7. Nippon India Index Fund - Nifty Plan

The primary investment objective of the scheme is to replicate the composition of the Nifty 50, with a view to generate returns that are commensurate with the performance of the Nifty 50, subject to tracking errors.

Nippon India Index Fund - Nifty Plan is a Others - Index Fund fund was launched on 28 Sep 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.2% since its launch.  Ranked 78 in Index Fund category.  Return for 2023 was 20.5% , 2022 was 4.6% and 2021 was 24% .

Below is the key information for Nippon India Index Fund - Nifty Plan

Nippon India Index Fund - Nifty Plan
Growth
Launch Date 28 Sep 10
NAV (01 Mar 24) ₹37.472 ↑ 0.60   (1.62 %)
Net Assets (Cr) ₹1,349 on 31 Jan 24
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.78
Sharpe Ratio 1.32
Information Ratio -10.9
Alpha Ratio -0.62
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,388
28 Feb 21₹13,416
28 Feb 22₹15,501
28 Feb 23₹16,018
29 Feb 24₹20,453

Nippon India Index Fund - Nifty Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Nippon India Index Fund - Nifty Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.3%
3 Month 9.2%
6 Month 14.2%
1 Year 27.7%
3 Year 15.1%
5 Year 15.4%
10 Year
15 Year
Since launch 10.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.5%
2022 4.6%
2021 24%
2020 14.3%
2019 12.3%
2018 3.5%
2017 29%
2016 2.5%
2015 -3.9%
2014 31.9%
Fund Manager information for Nippon India Index Fund - Nifty Plan
NameSinceTenure
Himanshu Mange23 Dec 230.11 Yr.

Data below for Nippon India Index Fund - Nifty Plan as on 31 Jan 24

Asset Allocation
Asset ClassValue
Equity100.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFCBANK
14%₹171 Cr1,000,128
↑ 41,310
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | RELIANCE
9%₹116 Cr450,228
↑ 18,011
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK
7%₹93 Cr933,517
↑ 38,758
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
6%₹73 Cr475,054
↑ 19,009
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹55 Cr157,329
↑ 2,875
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹54 Cr1,178,883
↑ 47,576
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | TCS
4%₹51 Cr134,830
↑ 3,927
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | AXISBANK
3%₹41 Cr369,372
↑ 15,029
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 11 | KOTAKBANK
3%₹37 Cr195,748
↑ 7,837
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 10 | BHARTIARTL
3%₹35 Cr336,695
↑ 14,411

8. ICICI Prudential Nifty Next 50 Index Fund

The fund's objective is to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The fund intends to track only 90-95% of the Index i.e. it will always keep cash balance between 5-10% of the Net Asset to meet the redemption and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track up to 100% of the Index. The fund will not seek to outperform the CNX Nifty Junior. The objective is that the performance of the NAV of the fund should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error.

ICICI Prudential Nifty Next 50 Index Fund is a Others - Index Fund fund was launched on 25 Jun 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.8% since its launch.  Ranked 5 in Index Fund category.  Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% .

Below is the key information for ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 Index Fund
Growth
Launch Date 25 Jun 10
NAV (01 Mar 24) ₹52.3348 ↑ 0.45   (0.87 %)
Net Assets (Cr) ₹3,885 on 31 Jan 24
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.7
Sharpe Ratio 1.82
Information Ratio -10.5
Alpha Ratio -0.66
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-7 Days (0.25%),7 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,004
28 Feb 21₹12,842
28 Feb 22₹14,994
28 Feb 23₹13,973
29 Feb 24₹22,109

ICICI Prudential Nifty Next 50 Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for ICICI Prudential Nifty Next 50 Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 6.7%
3 Month 22.8%
6 Month 32.7%
1 Year 58.2%
3 Year 19.9%
5 Year 17.2%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 26.3%
2022 0.1%
2021 29.5%
2020 14.3%
2019 0.6%
2018 -8.8%
2017 45.7%
2016 7.6%
2015 6.2%
2014 43.6%
Fund Manager information for ICICI Prudential Nifty Next 50 Index Fund
NameSinceTenure
Kayzad Eghlim25 Jun 1013.61 Yr.
Nishit Patel18 Jan 213.04 Yr.

Data below for ICICI Prudential Nifty Next 50 Index Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.06%
Equity99.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TRENT
4%₹154 Cr503,122
↓ -486
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
4%₹151 Cr8,176,327
↓ -7,897
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
4%₹130 Cr634,377
↓ -284
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | TATAPOWER
3%₹128 Cr3,865,901
↑ 653,375
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
3%₹120 Cr427,460
↓ -412
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Sep 21 | CHOLAFIN
3%₹116 Cr920,003
↑ 18,008
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹109 Cr8,381,158
↓ -8,094
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TVSMOTOR
3%₹108 Cr531,407
↓ -512
DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | DLF
3%₹107 Cr1,469,135
↑ 55,140
GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | GAIL
3%₹100 Cr6,153,811
↓ -5,940

9. IDBI Nifty Junior Index Fund

The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty Junior Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the scheme.

IDBI Nifty Junior Index Fund is a Others - Index Fund fund was launched on 20 Sep 10. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.6% since its launch.  Ranked 8 in Index Fund category.  Return for 2023 was 25.7% , 2022 was 0.4% and 2021 was 29.6% .

Below is the key information for IDBI Nifty Junior Index Fund

IDBI Nifty Junior Index Fund
Growth
Launch Date 20 Sep 10
NAV (01 Mar 24) ₹44.2307 ↑ 0.38   (0.87 %)
Net Assets (Cr) ₹67 on 31 Jan 24
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0.73
Sharpe Ratio 1.79
Information Ratio -6.65
Alpha Ratio -1.09
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹9,991
28 Feb 21₹12,755
28 Feb 22₹14,920
28 Feb 23₹13,939
29 Feb 24₹21,928

IDBI Nifty Junior Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for IDBI Nifty Junior Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 6.7%
3 Month 22.6%
6 Month 32.3%
1 Year 57.3%
3 Year 19.8%
5 Year 17%
10 Year
15 Year
Since launch 11.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 25.7%
2022 0.4%
2021 29.6%
2020 13.7%
2019 0.5%
2018 -9.3%
2017 43.6%
2016 6.9%
2015 5.8%
2014 42.8%
Fund Manager information for IDBI Nifty Junior Index Fund
NameSinceTenure
Sumit Bhatnagar3 Oct 230.33 Yr.

Data below for IDBI Nifty Junior Index Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash0.38%
Equity99.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TRENT
4%₹3 Cr8,808
↑ 20
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
4%₹3 Cr142,218
↓ -241
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
4%₹2 Cr11,113
↓ -44
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | TATAPOWER
3%₹2 Cr67,524
↑ 10,302
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
3%₹2 Cr7,451
↓ -196
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Sep 21 | CHOLAFIN
3%₹2 Cr16,047
↑ 150
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹2 Cr146,430
↓ -863
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TVSMOTOR
3%₹2 Cr9,259
↓ -159
DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | DLF
3%₹2 Cr25,626
↑ 549
GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | GAIL
3%₹2 Cr107,883
↑ 207

Why Passive Index Funds are Better?

The Association of Mutual Funds in India (AMFI) stated that index funds had gathered an AUM of Rs. 7717 crore on November 2019. Passive large-cap ETFs offer returns of 11.53% compared to actively managed Large cap funds that offered 10.19%.

gold ETFs stood at Rs. 5,540.40 crore as of November 2019. This comes in comparison to Rs. 4,571 crore in December 2018. The AUM of other ETFs stood at Rs. 1,63,923.66 crore, as compared to Rs. 1,07,363 crore at the end of 2018.

Large Cap ETFs

A large part of 2019 witnessed that large-cap schemes were at the top of return charts. Even in 2020, nine out of the top 15 large-cap schemes are Passive Funds.

Passive Funds - Safe Heaven Amidst Coronavirus Pandemic

With the current situation across the globe, the financial markets are facing issues of deep concern. While investors were willing to take a risk in the past, today’s conditions have pushed the majority of the investors to look for a Safe Haven. This means they are looking for an investment that will yield higher returns or at least stable returns.

Several investors are now looking to invest through passive modes such as exchange-traded funds or index funds. As per AMFI, Inflow into the index funds faced an all-time high of Rs. 2076.5 crore in March 2020.

Passive Funds Vs Active Funds

There are specific differences in the way they function and affect the investor.

The tabular differentiates between passive funds and active funds:

Passive Funds Active Funds
They do not have active participation of fund managers Fund managers do a lot of Industry research and take steps accordingly to select funds in various securities based on market performance
Less expensive As there is a work put in towards the investment, it may be expensive
Popular because of the low expense ratio Might be less popular due to high expense ratio

Risks of Investing In Index Funds

No Flexibility of Index Mutual Funds

One major disadvantage is the lack of flexibility. Since the funds just track the index, they can miss out on the opportunity to make higher returns which may arise due to market anomalies and surprises that are not connected to the index. Typically, value stocks would find it very difficult to be part of an index.

risk-in-index-funds

Market Risk on Index Mutual Funds

They have a direct relation with the market. So, when the stock markets fall as a whole, so does the value of the index mutual fund.

Despite having a few disadvantages, top index funds can be beneficial for investors who want to invest in equities with a minimal risk Factor. As per experts, investors are suggested to include 5-6% of Index Funds in their investment portfolio to make best out of their investment.

How to Invest in Index Mutual Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

FAQs

1. Why should you invest in index mutual funds?

A: If you want to make a long-term investment, then you can consider index fund. The portfolios of these funds are designed by tracking the composition and behavior of the NSE and SENSEX. As these portfolios are developed by evaluating the stocks' performance and shares over a long period, the chances of your investment not performing are minimized. Hence, investing in Index mutual funds is advised, especially if you are looking to reduce the risk.

2. How to select a particular index MF?

A: You should select an individual portfolio of Index mutual funds based on its long term performance. Some of the more reliable funds are SBI, LICI, ICICI Prudential UTI, and other similar index funds used as a base for benchmarking.

3. What is the main advantage of investing in an Index fund?

A: The index funds are passively managed. Thus, the total expense ratio or TER of the index funds is lower than that of the actively managed funds. This means your investment will be lower, and the expense that you can expect can be as low as 0.2% to 0.5% of your investment. The low TER is the main advantage of investing in an Index Fund.

4. How much to expect from SBI Nifty Index Fund?

A: The SBI Nifty Index Fund is passively managed and shows a growth rate of 15.19% versus Nifty 50, which has a growth rate of 15.5%. So if you make a 10-year investment in the SBI Nifty Index Fund, you might expect an 85.77% return on your investment.

5. What can you expect if you invest in ICICI Prudential Nifty Index Fund?

A: The ICICI Prudential Nifty Index Fund has a category average of 16.78%. Suppose, if you invest for 5 years, then you can expect absolute returns of 45.88%.

6. How do Index Funds add to diversification?

A: Index funds primarily consist of top companies whose stocks are used as benchmarks. Additionally, in a single portfolio, you will have multiple leading companies, which means the chances of losing your investment will be reduced. This auto diversification automatically reduces the investor's risk of losing the investment.

7. When should you consider investing in Index funds?

A: You should invest in Index Funds when you are prepared to hold your investment for at least 5 years.

8. Is there some way that I can select the best Index fund?

A: If you are a newbie then you should discuss it with the fund manager. They help you to decide on the suitable funds. Additionally, you should also consider the time duration of investment.

9. Who is ideally suited to invest in Index Funds?

A: Individuals who do not wish to undertake much risk when investing in Mutual Funds can consider investing in index funds. These funds do not just assure investors sure returns, but also do not require extensive investment from the investor.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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PRITI AMIN, posted on 7 Aug 20 3:10 PM

Quite detailed review which helps in deciding which is a better performing index fund

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