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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 July 16, 2024 , 530788 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 (%)
LIC MF Index Fund Sensex Growth ₹152.031
↑ 1.16
₹7812.614.52215.516.119
Nippon India Index Fund - Sensex Plan Growth ₹41.0654
↑ 0.31
₹65912.714.822.615.916.519.5
ICICI Prudential Nifty Index Fund Growth ₹247.248
↑ 1.87
₹8,94113.216.226.516.717.220.7
SBI Nifty Index Fund Growth ₹217.381
↑ 1.64
₹7,43113.316.126.416.616.920.7
IDBI Nifty Index Fund Growth ₹36.2111
↓ -0.02
₹2089.111.916.220.311.7
Franklin India Index Fund Nifty Plan Growth ₹198.361
↑ 1.49
₹65813.11626.116.416.720.2
ICICI Prudential Nifty Next 50 Index Fund Growth ₹64.2789
↓ -0.71
₹5,28417.935.665.423.121.826.3
IDBI Nifty Junior Index Fund Growth ₹54.2096
↓ -0.60
₹8417.735.164.522.921.525.7
LIC MF Index Fund Nifty Growth ₹136.766
↑ 1.03
₹29513.115.825.61616.519.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jul 24

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

1. 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 13.9% 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 (18 Jul 24) ₹152.031 ↑ 1.16   (0.77 %)
Net Assets (Cr) ₹78 on 31 May 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.99
Sharpe Ratio 1.01
Information Ratio 0
Alpha Ratio 0
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
30 Jun 19₹10,000
30 Jun 20₹8,900
30 Jun 21₹13,372
30 Jun 22₹13,528
30 Jun 23₹16,561
30 Jun 24₹20,260

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 ₹458,689.
Net Profit of ₹158,689
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 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 12.6%
6 Month 14.5%
1 Year 22%
3 Year 15.5%
5 Year 16.1%
10 Year
15 Year
Since launch 13.9%
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 230.66 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.57%
Equity99.43%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
14%₹11 Cr69,776
↓ -281
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | RELIANCE
12%₹9 Cr31,708
↓ -63
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | 532174
9%₹7 Cr64,558
↓ -63
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | INFY
6%₹5 Cr32,717
↓ -131
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | LT
5%₹4 Cr10,838
↓ -43
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | ITC
5%₹4 Cr85,981
↓ -02
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | TCS
4%₹3 Cr9,430
↓ -37
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
4%₹3 Cr23,322
↑ 48
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹3 Cr26,134
↑ 128
State Bank of India (Financial Services)
Equity, Since 31 Mar 09 | SBIN
4%₹3 Cr35,074
↓ -141

2. 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 10.8% 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 (18 Jul 24) ₹41.0654 ↑ 0.31   (0.77 %)
Net Assets (Cr) ₹659 on 31 May 24
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.74
Sharpe Ratio 1.06
Information Ratio -8.2
Alpha Ratio -0.56
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
30 Jun 19₹10,000
30 Jun 20₹8,892
30 Jun 21₹13,436
30 Jun 22₹13,666
30 Jun 23₹16,746
30 Jun 24₹20,593

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 ₹458,689.
Net Profit of ₹158,689
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 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 12.7%
6 Month 14.8%
1 Year 22.6%
3 Year 15.9%
5 Year 16.5%
10 Year
15 Year
Since launch 10.8%
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 230.44 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.31%
Equity99.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFCBANK
14%₹90 Cr589,521
↑ 8,360
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | RELIANCE
12%₹77 Cr267,807
↑ 3,798
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 532174
9%₹61 Cr544,652
↑ 7,724
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
6%₹39 Cr277,035
↑ 3,929
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
5%₹34 Cr91,754
↑ 1,301
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
5%₹31 Cr726,415
↑ 10,301
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | TCS
4%₹29 Cr79,518
↑ 1,128
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 10 | BHARTIARTL
4%₹27 Cr196,593
↑ 2,788
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹26 Cr220,275
↑ 3,124
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
4%₹25 Cr297,850
↑ 4,224

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 15.4% 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 (18 Jul 24) ₹247.248 ↑ 1.87   (0.76 %)
Net Assets (Cr) ₹8,941 on 31 May 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 -8.62
Alpha Ratio -0.38
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,783
30 Jun 21₹13,480
30 Jun 22₹13,639
30 Jun 23₹16,683
30 Jun 24₹21,042

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 ₹470,047.
Net Profit of ₹170,047
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 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 13.2%
6 Month 16.2%
1 Year 26.5%
3 Year 16.7%
5 Year 17.2%
10 Year
15 Year
Since launch 15.4%
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
Nishit Patel18 Jan 213.37 Yr.
Priya Sridhar1 Feb 240.33 Yr.
Ajaykumar Solanki1 Feb 240.33 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.56%
Equity99.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK
12%₹1,032 Cr6,735,363
↑ 112,315
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE
10%₹867 Cr3,029,610
↑ 50,518
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK
8%₹705 Cr6,288,429
↑ 104,993
Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY
5%₹450 Cr3,196,974
↑ 53,403
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹388 Cr1,058,731
↑ 17,648
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹338 Cr7,936,746
↑ 132,585
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹333 Cr907,304
↑ 15,154
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 09 | BHARTIARTL
4%₹320 Cr2,329,709
↑ 38,846
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹295 Cr2,542,653
↑ 42,397
State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN
3%₹285 Cr3,436,966
↑ 57,409

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 14.9% 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 (18 Jul 24) ₹217.381 ↑ 1.64   (0.76 %)
Net Assets (Cr) ₹7,431 on 31 May 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 -20.58
Alpha Ratio -0.53
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
30 Jun 19₹10,000
30 Jun 20₹8,710
30 Jun 21₹13,366
30 Jun 22₹13,507
30 Jun 23₹16,507
30 Jun 24₹20,796

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 ₹458,689.
Net Profit of ₹158,689
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 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 13.3%
6 Month 16.1%
1 Year 26.4%
3 Year 16.6%
5 Year 16.9%
10 Year
15 Year
Since launch 14.9%
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 1113.34 Yr.
Mohit Jain30 Nov 176.51 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.24%
Equity99.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 03 | HDFCBANK
12%₹860 Cr5,615,941
↑ 91,765
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
10%₹723 Cr2,526,129
↑ 41,276
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
8%₹588 Cr5,243,204
↑ 85,677
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
5%₹375 Cr2,665,575
↑ 43,558
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
4%₹324 Cr882,774
↑ 14,424
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹282 Cr6,617,554
↑ 108,131
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹278 Cr756,493
↑ 12,359
Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 04 | BHARTIARTL
4%₹267 Cr1,942,526
↑ 31,743
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 532215
3%₹246 Cr2,120,099
↑ 34,642
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
3%₹238 Cr2,865,674
↑ 46,825

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 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
30 Jun 19₹10,000
30 Jun 20₹8,729
30 Jun 21₹13,256
30 Jun 22₹13,364
30 Jun 23₹16,257

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 18 Jul 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

6. 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 13.3% 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 (18 Jul 24) ₹198.361 ↑ 1.49   (0.76 %)
Net Assets (Cr) ₹658 on 31 May 24
Category Others - Index Fund
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 0.67
Sharpe Ratio 1.32
Information Ratio -4.26
Alpha Ratio -0.6
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
30 Jun 19₹10,000
30 Jun 20₹8,719
30 Jun 21₹13,331
30 Jun 22₹13,454
30 Jun 23₹16,407
30 Jun 24₹20,606

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 ₹458,689.
Net Profit of ₹158,689
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 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 13.1%
6 Month 16%
1 Year 26.1%
3 Year 16.4%
5 Year 16.7%
10 Year
15 Year
Since launch 13.3%
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 158.51 Yr.
Sandeep Manam18 Oct 212.62 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.41%
Equity99.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
12%₹76 Cr497,922
↑ 1,978
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
10%₹64 Cr224,105
↑ 1,026
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
8%₹52 Cr461,126
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹33 Cr236,381
↑ 977
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
4%₹29 Cr78,204
↑ 252
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC
4%₹25 Cr588,416
↑ 3,964
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹25 Cr67,219
↑ 801
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 04 | BHARTIARTL
4%₹24 Cr171,864
↑ 1,032
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | 532215
3%₹22 Cr187,729
↑ 760
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
3%₹21 Cr253,271

7. 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 14.1% 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 (18 Jul 24) ₹64.2789 ↓ -0.71   (-1.10 %)
Net Assets (Cr) ₹5,284 on 31 May 24
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.7
Sharpe Ratio 3.06
Information Ratio -12.43
Alpha Ratio -0.64
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
30 Jun 19₹10,000
30 Jun 20₹9,399
30 Jun 21₹13,988
30 Jun 22₹13,302
30 Jun 23₹15,921
30 Jun 24₹26,024

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 ₹518,033.
Net Profit of ₹218,033
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 18 Jul 24

DurationReturns
1 Month 1.1%
3 Month 17.9%
6 Month 35.6%
1 Year 65.4%
3 Year 23.1%
5 Year 21.8%
10 Year
15 Year
Since launch 14.1%
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
Nishit Patel18 Jan 213.37 Yr.
Priya Sridhar1 Feb 240.33 Yr.
Ajaykumar Solanki1 Feb 240.33 Yr.

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

Asset Allocation
Asset ClassValue
Equity100.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
5%₹278 Cr9,393,460
↑ 331,849
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
5%₹264 Cr577,992
↑ 20,401
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
5%₹244 Cr491,074
↑ 17,336
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
4%₹194 Cr4,441,370
↑ 156,895
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810
4%₹188 Cr3,808,055
↑ 134,517
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955
3%₹175 Cr3,245,707
↑ 114,656
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | 500550
3%₹163 Cr233,463
↑ 8,232
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹158 Cr3,509,477
↑ 123,969
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
3%₹157 Cr374,505
↑ 13,211
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹156 Cr9,628,784
↑ 340,162

8. 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 13% 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 (18 Jul 24) ₹54.2096 ↓ -0.60   (-1.09 %)
Net Assets (Cr) ₹84 on 31 May 24
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0.73
Sharpe Ratio 3.03
Information Ratio -7.27
Alpha Ratio -1.05
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹9,439
30 Jun 21₹13,921
30 Jun 22₹13,254
30 Jun 23₹15,852
30 Jun 24₹25,768

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 ₹518,033.
Net Profit of ₹218,033
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 18 Jul 24

DurationReturns
1 Month 1.1%
3 Month 17.7%
6 Month 35.1%
1 Year 64.5%
3 Year 22.9%
5 Year 21.5%
10 Year
15 Year
Since launch 13%
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 230.66 Yr.

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

Asset Allocation
Asset ClassValue
Cash0.63%
Equity99.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
5%₹4 Cr148,128
↑ 1,181
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
5%₹4 Cr9,136
↑ 26
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
5%₹4 Cr7,780
↑ 115
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
4%₹3 Cr70,433
↑ 1,106
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810
4%₹3 Cr59,970
↑ 288
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955
3%₹3 Cr51,223
↑ 548
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | 500550
3%₹3 Cr3,684
↓ -03
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹3 Cr55,642
↑ 780
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
3%₹2 Cr5,900
↑ 77
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹2 Cr152,088
↑ 1,553

9. LIC MF Index Fund Nifty

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 Nifty 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 13.3% since its launch.  Ranked 80 in Index Fund category.  Return for 2023 was 19.8% , 2022 was 4.7% and 2021 was 23.8% .

Below is the key information for LIC MF Index Fund Nifty

LIC MF Index Fund Nifty
Growth
Launch Date 14 Nov 02
NAV (18 Jul 24) ₹136.766 ↑ 1.03   (0.76 %)
Net Assets (Cr) ₹295 on 31 May 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.94
Sharpe Ratio 1.27
Information Ratio -10.69
Alpha Ratio -1.16
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
30 Jun 19₹10,000
30 Jun 20₹8,764
30 Jun 21₹13,347
30 Jun 22₹13,419
30 Jun 23₹16,323
30 Jun 24₹20,429

LIC MF Index Fund Nifty SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for LIC MF Index Fund Nifty

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jul 24

DurationReturns
1 Month 5.3%
3 Month 13.1%
6 Month 15.8%
1 Year 25.6%
3 Year 16%
5 Year 16.5%
10 Year
15 Year
Since launch 13.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19.8%
2022 4.7%
2021 23.8%
2020 14.7%
2019 12.6%
2018 2.6%
2017 28.6%
2016 2.7%
2015 -4.1%
2014 31.1%
Fund Manager information for LIC MF Index Fund Nifty
NameSinceTenure
Sumit Bhatnagar3 Oct 230.66 Yr.

Data below for LIC MF Index Fund Nifty as on 31 May 24

Asset Allocation
Asset ClassValue
Cash0.49%
Equity99.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
12%₹34 Cr222,829
↓ -665
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 12 | RELIANCE
10%₹29 Cr100,393
↓ -42
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
8%₹23 Cr208,052
↓ -482
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
5%₹15 Cr105,614
↓ -66
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 09 | LT
4%₹13 Cr35,081
↑ 02
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
4%₹11 Cr262,084
↓ -1,087
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹11 Cr29,873
↓ -227
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
4%₹11 Cr77,078
↓ -280
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹10 Cr84,227
↓ -136
State Bank of India (Financial Services)
Equity, Since 30 Apr 09 | SBIN
3%₹9 Cr113,694
↓ -176

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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