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Top 5 Best Performing Index Mutual Funds for 2018 - 2019 | Fincash.com

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Best Index Mutual Funds for Investments 2018 - 2019

Updated on November 18, 2018 , 2510 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.

Index funds 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.

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Why to Invest in Index Funds in India?

Some of the benefits of investing in Index Funds are:

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.

Less Expenses as Compared to other Funds

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.

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.

Top 5 Best Performing Index Funds 2018 - 2019

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2017 (%)
ICICI Prudential Nifty Index Fund Growth ₹102.625
↓ -1.03
₹339-7.80.93.61112.228.7
UTI Nifty Index Fund Growth ₹69.1838
↓ -0.69
₹975-7.61.44.511.712.629.7
Franklin India Index Fund Nifty Plan Growth ₹84.344
↓ -0.85
₹237-7.80.93.410.611.828.3
SBI Nifty Index Fund Growth ₹91.2761
↓ -0.92
₹317-7.71.24.111.211.829.1
IDBI Nifty Index Fund Growth ₹19.6302
↓ -0.20
₹211-7.80.839.911.127.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Nov 18

1. 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 14.9% since its launch.  Ranked 71 in Index Fund category.  Return for 2017 was 28.7% , 2016 was 3.6% and 2015 was -3.6% .

Below is the key information for ICICI Prudential Nifty Index Fund

ICICI Prudential Nifty Index Fund
Growth
Launch Date 26 Feb 02
NAV (20 Nov 18) ₹102.625 ↓ -1.03   (-0.99 %)
Net Assets (Cr) ₹339 on 31 Oct 18
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1
Sharpe Ratio -0.11
Information Ratio 0.74
Alpha Ratio 0.16
Min Investment 5,000
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹13,305
31 Oct 15₹12,960
31 Oct 16₹13,934
31 Oct 17₹16,704
31 Oct 18₹16,819

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 20 Nov 18

DurationReturns
1 Month 3.4%
3 Month -7.8%
6 Month 0.9%
1 Year 3.6%
3 Year 11%
5 Year 12.2%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 28.7%
2016 3.6%
2015 -3.6%
2014 32.5%
2013 7.9%
2012 26.5%
2011 -23.6%
2010 18.7%
2009 75.6%
2008 -50.4%
Fund Manager information for ICICI Prudential Nifty Index Fund
NameSinceTenure
Kayzad Eghlim1 Aug 099.26 Yr.

Data below for ICICI Prudential Nifty Index Fund as on 31 Oct 18

Asset Allocation
Asset ClassValue
Cash0.43%
Equity99.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK
10%₹33 Cr174,864
↑ 4,372
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE
9%₹30 Cr280,075
↑ 8,892
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹23 Cr130,837
↑ 4,224
Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY
6%₹21 Cr312,524
↑ 9,875
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
6%₹20 Cr697,170
↑ 22,246
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK
5%₹18 Cr518,859
↑ 16,717
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | 532540
5%₹17 Cr89,184
↑ 2,786
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹13 Cr99,354
↑ 3,204
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | KOTAKBANK
4%₹12 Cr107,509
↑ 3,469
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Mar 05 | 500696
3%₹10 Cr58,820
↑ 1,855

2. UTI Nifty Index Fund

The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavour to achieve return equivalent to Nifty 50 by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in the Nifty 50 Index with the intention of minimising the performance differences between the scheme and the Nifty 50 Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scrips/weights as and when the same are altered in the Nifty 50 Index.

UTI Nifty Index Fund is a Others - Index Fund fund was launched on 6 Mar 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.9% since its launch.  Ranked 68 in Index Fund category.  Return for 2017 was 29.7% , 2016 was 4% and 2015 was -3.3% .

Below is the key information for UTI Nifty Index Fund

UTI Nifty Index Fund
Growth
Launch Date 6 Mar 00
NAV (20 Nov 18) ₹69.1838 ↓ -0.69   (-0.99 %)
Net Assets (Cr) ₹975 on 31 Oct 18
Category Others - Index Fund
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 0.2
Sharpe Ratio -0.05
Information Ratio 2.59
Alpha Ratio 1.02
Min Investment 5,000
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹13,261
31 Oct 15₹12,942
31 Oct 16₹13,990
31 Oct 17₹16,874
31 Oct 18₹17,137

Returns for UTI 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 20 Nov 18

DurationReturns
1 Month 3.5%
3 Month -7.6%
6 Month 1.4%
1 Year 4.5%
3 Year 11.7%
5 Year 12.6%
10 Year
15 Year
Since launch 10.9%
Historical performance (Yearly) on absolute basis
YearReturns
2017 29.7%
2016 4%
2015 -3.3%
2014 31.8%
2013 6.9%
2012 28.3%
2011 -24.8%
2010 17.7%
2009 73.8%
2008 -52%
Fund Manager information for UTI Nifty Index Fund
NameSinceTenure
Kaushik Basu1 Jul 117.34 Yr.
Sharwan Kumar Goyal2 Jul 180.33 Yr.

Data below for UTI Nifty Index Fund as on 31 Oct 18

Asset Allocation
Asset ClassValue
Cash0.13%
Equity99.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
10%₹97 Cr504,818
↑ 37,701
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
9%₹85 Cr805,565
↑ 60,121
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹68 Cr382,620
↑ 28,561
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹61 Cr894,445
↑ 66,734
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
6%₹56 Cr2,015,064
↑ 150,356
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
6%₹54 Cr1,514,084
↑ 112,783
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | 532540
5%₹49 Cr252,294
↑ 18,822
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
4%₹38 Cr290,301
↑ 21,602
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | KOTAKBANK
4%₹35 Cr314,068
↑ 23,369
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹27 Cr168,085
↑ 12,510

3. 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 12.4% since its launch.  Ranked 76 in Index Fund category.  Return for 2017 was 28.3% , 2016 was 3.3% and 2015 was -3.6% .

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 (20 Nov 18) ₹84.344 ↓ -0.85   (-1.00 %)
Net Assets (Cr) ₹237 on 31 Oct 18
Category Others - Index Fund
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.07
Sharpe Ratio -0.12
Information Ratio 0.08
Alpha Ratio 0.04
Min Investment 5,000
Exit Load 0-30 Days (1%),30 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹13,195
31 Oct 15₹12,852
31 Oct 16₹13,787
31 Oct 17₹16,465
31 Oct 18₹16,565

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 20 Nov 18

DurationReturns
1 Month 3.3%
3 Month -7.8%
6 Month 0.9%
1 Year 3.4%
3 Year 10.6%
5 Year 11.8%
10 Year
15 Year
Since launch 12.4%
Historical performance (Yearly) on absolute basis
YearReturns
2017 28.3%
2016 3.3%
2015 -3.6%
2014 31.2%
2013 6.9%
2012 27.7%
2011 -24.4%
2010 18%
2009 75.3%
2008 -52.1%
Fund Manager information for Franklin India Index Fund Nifty Plan
NameSinceTenure
Varun Sharma30 Nov 152.92 Yr.
Srikesh Nair1 Dec 152.92 Yr.

Data below for Franklin India Index Fund Nifty Plan as on 31 Oct 18

Asset Allocation
Asset ClassValue
Equity98.72%
Other1.28%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
10%₹23 Cr121,075
↑ 1,789
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
9%₹21 Cr193,217
↑ 2,855
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFC
7%₹16 Cr91,770
↑ 1,355
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
6%₹15 Cr214,539
↑ 3,169
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC
6%₹14 Cr483,325
↑ 7,139
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
5%₹13 Cr363,218
↑ 5,371
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | 532540
5%₹12 Cr60,516
↑ 895
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
4%₹9 Cr69,645
↑ 1,028
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
4%₹8 Cr75,348
↑ 1,113
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹7 Cr40,324
↑ 596

4. 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 14.3% since its launch.  Ranked 75 in Index Fund category.  Return for 2017 was 29.1% , 2016 was 3.4% and 2015 was -4.2% .

Below is the key information for SBI Nifty Index Fund

SBI Nifty Index Fund
Growth
Launch Date 17 Jan 02
NAV (20 Nov 18) ₹91.2761 ↓ -0.92   (-0.99 %)
Net Assets (Cr) ₹317 on 31 Oct 18
Category Others - Index Fund
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.69
Sharpe Ratio -0.08
Information Ratio 1.2
Alpha Ratio 0.62
Min Investment 5,000
Exit Load 0-15 Days (0.2%),15 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹13,133
31 Oct 15₹12,692
31 Oct 16₹13,638
31 Oct 17₹16,369
31 Oct 18₹16,553

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 20 Nov 18

DurationReturns
1 Month 3.5%
3 Month -7.7%
6 Month 1.2%
1 Year 4.1%
3 Year 11.2%
5 Year 11.8%
10 Year
15 Year
Since launch 14.3%
Historical performance (Yearly) on absolute basis
YearReturns
2017 29.1%
2016 3.4%
2015 -4.2%
2014 30.5%
2013 6.2%
2012 28.4%
2011 -24.6%
2010 18%
2009 74.7%
2008 -53.3%
Fund Manager information for SBI Nifty Index Fund
NameSinceTenure
Raviprakash Sharma1 Feb 117.75 Yr.

Data below for SBI Nifty Index Fund as on 31 Oct 18

Asset Allocation
Asset ClassValue
Cash2.26%
Equity97.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 03 | HDFCBANK
10%₹31 Cr160,467
↑ 12,294
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
9%₹27 Cr256,110
↑ 19,623
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 03 | HDFC
7%₹22 Cr121,634
↑ 9,318
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹20 Cr284,361
↑ 21,787
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
6%₹18 Cr640,624
↑ 49,084
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
5%₹17 Cr481,418
↑ 36,885
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | 532540
5%₹16 Cr80,205
↑ 6,141
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
4%₹12 Cr92,310
↑ 7,071
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
4%₹11 Cr99,868
↑ 7,651
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹9 Cr53,445
↑ 4,093

5. 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 8.4% since its launch.  Ranked 83 in Index Fund category.  Return for 2017 was 27.4% , 2016 was 2.4% and 2015 was -4.4% .

Below is the key information for IDBI Nifty Index Fund

IDBI Nifty Index Fund
Growth
Launch Date 25 Jun 10
NAV (20 Nov 18) ₹19.6302 ↓ -0.20   (-1.00 %)
Net Assets (Cr) ₹211 on 31 Oct 18
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.94
Sharpe Ratio -0.15
Information Ratio -1.9
Alpha Ratio -0.54
Min Investment 5,000
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 13₹10,000
31 Oct 14₹13,173
31 Oct 15₹12,707
31 Oct 16₹13,521
31 Oct 17₹16,020
31 Oct 18₹16,020

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 20 Nov 18

DurationReturns
1 Month 3.5%
3 Month -7.8%
6 Month 0.8%
1 Year 3%
3 Year 9.9%
5 Year 11.1%
10 Year
15 Year
Since launch 8.4%
Historical performance (Yearly) on absolute basis
YearReturns
2017 27.4%
2016 2.4%
2015 -4.4%
2014 30.8%
2013 7.2%
2012 27.7%
2011 -24.9%
2010
2009
2008
Fund Manager information for IDBI Nifty Index Fund
NameSinceTenure
Firdaus Ragina9 Oct 180.06 Yr.

Data below for IDBI Nifty Index Fund as on 31 Oct 18

Asset Allocation
Asset ClassValue
Cash0.1%
Equity99.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | HDFCBANK
10%₹21 Cr109,098
↑ 8,501
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 11 | RELIANCE
9%₹19 Cr174,406
↑ 7,718
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 11 | HDFC
7%₹15 Cr82,743
↑ 4,277
Infosys Ltd (Technology)
Equity, Since 30 Apr 11 | INFY
6%₹13 Cr193,932
↑ 8,567
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 11 | ITC
6%₹12 Cr434,648
↑ 19,302
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
6%₹12 Cr328,472
↑ 14,506
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 11 | 532540
5%₹11 Cr54,420
↑ 2,416
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 11 | LT
4%₹8 Cr62,746
↑ 2,782
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | KOTAKBANK
4%₹8 Cr68,044
↑ 3,010
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 11 | 500696
3%₹6 Cr36,439
↑ 1,611

Since, index funds are passively managed, they tend to have a lower expense ratio than those of actively managed funds. For instance, the average expense ratio of actively-managed funds is 2-2.5 percent, while for index funds it is 1-1.5 percent.

Risks of Investing In Index Funds

No Flexibility of Index Mutual Funds

One major disadvantage of investing in index funds 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

Index funds 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.

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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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