Best Sensex Index Mutual Funds for Investments 2026 - 2027

Updated on April 20, 2026 , 63789 views

Index Funds refer to the Mutual Fund schemes whose Portfolio comprises of shares that form part for a certain benchmark market index. These funds follow a passive strategy wherein; they try to replicate the performance of an index. The portfolio of these schemes will have shares in the same proportion as they are in the benchmark index. The performance of these schemes depends on the performance of the respective benchmark. Sensex Index Mutual Funds refer to the index funds that use BSE Sensex as the benchmark to construct their portfolio. As you can't invest directly in the indices, people try to these proxies of index. Let's understand the concept of index funds.

Illustration:

If the proportion of ONGC Limited shares in a Sensex is 15% then, even the Sensex index fund's portfolio will allocate 15% of its fund money in ONGC shares.

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Fund Selection Methodology used to find 10 funds

Keyword: “sensex”
Tags: sensex
No Of Funds: 10

Top 3 Best Performing Sensex Index Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
LIC MF Index Fund Sensex Growth	₹146.448 ↓ -1.41	₹85	-4.7	-7.2	-1.3	9.7	10.4	9.1
Nippon India Index Fund - Sensex Plan Growth	₹39.9546 ↓ -0.39	₹849	-4.7	-7	-0.8	10.3	10.9	9.8
LIC MF Index Fund Nifty Growth	₹134.267 ↓ -1.09	₹335	-3.8	-6	0.9	11.4	11.2	10.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	LIC MF Index Fund Sensex	Nippon India Index Fund - Sensex Plan	LIC MF Index Fund Nifty
Point 1	Bottom quartile AUM (₹85 Cr).	Highest AUM (₹849 Cr).	Lower mid AUM (₹335 Cr).
Point 2	Oldest track record among peers (23 yrs).	Established history (15+ yrs).	Established history (23+ yrs).
Point 3	Rating: 1★ (lower mid).	Top rated.	Rating: 1★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 10.42% (bottom quartile).	5Y return: 10.94% (lower mid).	5Y return: 11.16% (upper mid).
Point 6	3Y return: 9.72% (bottom quartile).	3Y return: 10.30% (lower mid).	3Y return: 11.43% (upper mid).
Point 7	1Y return: -1.27% (bottom quartile).	1Y return: -0.75% (lower mid).	1Y return: 0.92% (upper mid).
Point 8	1M return: 5.36% (lower mid).	1M return: 5.29% (bottom quartile).	1M return: 5.38% (upper mid).
Point 9	Alpha: -1.13 (bottom quartile).	Alpha: -0.53 (upper mid).	Alpha: -1.12 (lower mid).
Point 10	Sharpe: -0.79 (bottom quartile).	Sharpe: -0.75 (lower mid).	Sharpe: -0.66 (upper mid).

LIC MF Index Fund Sensex

Bottom quartile AUM (₹85 Cr).
Oldest track record among peers (23 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.42% (bottom quartile).
3Y return: 9.72% (bottom quartile).
1Y return: -1.27% (bottom quartile).
1M return: 5.36% (lower mid).
Alpha: -1.13 (bottom quartile).
Sharpe: -0.79 (bottom quartile).

Nippon India Index Fund - Sensex Plan

Highest AUM (₹849 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.94% (lower mid).
3Y return: 10.30% (lower mid).
1Y return: -0.75% (lower mid).
1M return: 5.29% (bottom quartile).
Alpha: -0.53 (upper mid).
Sharpe: -0.75 (lower mid).

LIC MF Index Fund Nifty

Lower mid AUM (₹335 Cr).
Established history (23+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.16% (upper mid).
3Y return: 11.43% (upper mid).
1Y return: 0.92% (upper mid).
1M return: 5.38% (upper mid).
Alpha: -1.12 (lower mid).
Sharpe: -0.66 (upper mid).

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Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

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.

Research Highlights for LIC MF Index Fund Sensex

Bottom quartile AUM (₹85 Cr).
Oldest track record among peers (23 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.42% (bottom quartile).
3Y return: 9.72% (bottom quartile).
1Y return: -1.27% (bottom quartile).
1M return: 5.36% (lower mid).
Alpha: -1.13 (bottom quartile).
Sharpe: -0.79 (bottom quartile).
Information ratio: -10.54 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~13.0%).

Below is the key information for LIC MF Index Fund Sensex

LIC MF Index Fund Sensex Growth
Launch Date	14 Nov 02
NAV (22 Apr 26)	₹146.448 ↓ -1.41 (-0.96 %)
Net Assets (Cr)	₹85 on 31 Mar 26
Category	Others - Index Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	0.98
Sharpe Ratio	-0.79
Information Ratio	-10.54
Alpha Ratio	-1.13
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.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹11,818
31 Mar 23	₹11,937
31 Mar 24	₹14,941
31 Mar 25	₹15,708
31 Mar 26	₹14,615

LIC MF Index Fund Sensex SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 22 Apr 26

Duration	Returns
1 Month	5.4%
3 Month	-4.7%
6 Month	-7.2%
1 Year	-1.3%
3 Year	9.7%
5 Year	10.4%
10 Year
15 Year
Since launch	12.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.1%
2023	8.2%
2022	19%
2021	4.6%
2020	21.9%
2019	15.9%
2018	14.6%
2017	5.6%
2016	27.4%
2015	1.6%

Fund Manager information for LIC MF Index Fund Sensex

Name	Since	Tenure
Nikhil Kapoor	7 Apr 26	0 Yr.

Data below for LIC MF Index Fund Sensex as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	0.79%
Equity	99.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 09 \| HDFCBANK	13%	₹11 Cr	151,442 ↑ 8,831
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 09 \| RELIANCE	11%	₹9 Cr	67,455 ↑ 4,068
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| 532174	10%	₹9 Cr	71,076 ↑ 4,145
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 09 \| BHARTIARTL	6%	₹5 Cr	27,788 ↑ 1,620
Infosys Ltd (Technology) Equity, Since 31 Mar 09 \| INFY	5%	₹4 Cr	35,547 ↑ 2,072
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 09 \| LT	5%	₹4 Cr	11,645 ↑ 747
State Bank of India (Financial Services) Equity, Since 31 Mar 09 \| SBIN	5%	₹4 Cr	41,369 ↑ 2,633
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 13 \| 532215	4%	₹3 Cr	28,339 ↑ 1,652
ITC Ltd (Consumer Defensive) Equity, Since 30 Sep 11 \| ITC	3%	₹3 Cr	95,889 ↑ 6,022
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Mar 12 \| M&M	3%	₹3 Cr	8,908 ↑ 519

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.

Research Highlights for Nippon India Index Fund - Sensex Plan

Highest AUM (₹849 Cr).
Established history (15+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.94% (lower mid).
3Y return: 10.30% (lower mid).
1Y return: -0.75% (lower mid).
1M return: 5.29% (bottom quartile).
Alpha: -0.53 (upper mid).
Sharpe: -0.75 (lower mid).
Information ratio: -10.21 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~100%).
Largest holding HDFC Bank Ltd (~13.1%).

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 (22 Apr 26)	₹39.9546 ↓ -0.39 (-0.96 %)
Net Assets (Cr)	₹849 on 31 Mar 26
Category	Others - Index Fund
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	0.49
Sharpe Ratio	-0.75
Information Ratio	-10.21
Alpha Ratio	-0.53
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.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹11,874
31 Mar 23	₹12,021
31 Mar 24	₹15,110
31 Mar 25	₹15,984
31 Mar 26	₹14,947

Nippon India Index Fund - Sensex Plan SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 22 Apr 26

Duration	Returns
1 Month	5.3%
3 Month	-4.7%
6 Month	-7%
1 Year	-0.8%
3 Year	10.3%
5 Year	10.9%
10 Year
15 Year
Since launch	9.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.8%
2023	8.9%
2022	19.5%
2021	5%
2020	22.4%
2019	16.6%
2018	14.2%
2017	6.2%
2016	27.9%
2015	2%

Fund Manager information for Nippon India Index Fund - Sensex Plan

Name	Since	Tenure
Himanshu Mange	23 Dec 23	2.27 Yr.

Data below for Nippon India Index Fund - Sensex Plan as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	0.11%
Equity	99.89%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 10 \| HDFCBANK	13%	₹111 Cr	1,518,640 ↑ 21,521
Reliance Industries Ltd (Energy) Equity, Since 31 Oct 10 \| RELIANCE	11%	₹91 Cr	674,401 ↑ 8,967
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 10 \| 532174	10%	₹86 Cr	713,414 ↑ 10,621
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 10 \| BHARTIARTL	6%	₹51 Cr	284,169 ↑ 9,386
Infosys Ltd (Technology) Equity, Since 31 Oct 10 \| INFY	5%	₹43 Cr	347,618 ↓ -3,752
Larsen & Toubro Ltd (Industrials) Equity, Since 29 Feb 12 \| LT	5%	₹41 Cr	116,543 ↑ 1,552
State Bank of India (Financial Services) Equity, Since 31 Oct 10 \| SBIN	5%	₹41 Cr	414,013 ↑ 5,504
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 13 \| 532215	4%	₹33 Cr	284,900 ↑ 4,098
ITC Ltd (Consumer Defensive) Equity, Since 29 Feb 12 \| ITC	3%	₹28 Cr	961,582 ↑ 12,891
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Oct 10 \| M&M	3%	₹26 Cr	89,240 ↑ 1,187

3. LIC MF Index Fund Nifty

Research Highlights for LIC MF Index Fund Nifty

Lower mid AUM (₹335 Cr).
Established history (23+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.16% (upper mid).
3Y return: 11.43% (upper mid).
1Y return: 0.92% (upper mid).
1M return: 5.38% (upper mid).
Alpha: -1.12 (lower mid).
Sharpe: -0.66 (upper mid).
Information ratio: -14.75 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~100%).
Largest holding HDFC Bank Ltd (~10.9%).

Below is the key information for LIC MF Index Fund Nifty

LIC MF Index Fund Nifty Growth
Launch Date	14 Nov 02
NAV (22 Apr 26)	₹134.267 ↓ -1.09 (-0.81 %)
Net Assets (Cr)	₹335 on 31 Mar 26
Category	Others - Index Fund
AMC	LIC Mutual Fund Asset Mgmt Co Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	0.94
Sharpe Ratio	-0.66
Information Ratio	-14.75
Alpha Ratio	-1.12
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.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹11,883
31 Mar 23	₹11,843
31 Mar 24	₹15,215
31 Mar 25	₹16,049
31 Mar 26	₹15,244

LIC MF Index Fund Nifty SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 22 Apr 26

Duration	Returns
1 Month	5.4%
3 Month	-3.8%
6 Month	-6%
1 Year	0.9%
3 Year	11.4%
5 Year	11.2%
10 Year
15 Year
Since launch	12.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.7%
2023	8.8%
2022	19.8%
2021	4.7%
2020	23.8%
2019	14.7%
2018	12.6%
2017	2.6%
2016	28.6%
2015	2.7%

Fund Manager information for LIC MF Index Fund Nifty

Name	Since	Tenure
Nikhil Kapoor	7 Apr 26	0 Yr.

Data below for LIC MF Index Fund Nifty as on 31 Mar 26

Asset Allocation

Asset Class	Value
Cash	0.36%
Equity	99.64%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| HDFCBANK	11%	₹37 Cr	500,462 ↑ 30,551
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 12 \| RELIANCE	9%	₹30 Cr	220,391 ↑ 13,230
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 09 \| ICICIBANK	8%	₹28 Cr	233,773 ↑ 14,276
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 09 \| BHARTIARTL	5%	₹17 Cr	97,979 ↑ 12,359
Infosys Ltd (Technology) Equity, Since 31 Jan 03 \| INFY	4%	₹14 Cr	114,791 ↑ 7,475
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 09 \| LT	4%	₹13 Cr	38,361 ↑ 2,340
State Bank of India (Financial Services) Equity, Since 30 Apr 09 \| SBIN	4%	₹13 Cr	135,611 ↑ 8,044
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 09 \| 532215	3%	₹11 Cr	93,632 ↑ 5,909
ITC Ltd (Consumer Defensive) Equity, Since 31 Jan 03 \| ITC	3%	₹9 Cr	312,493 ↑ 17,032
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Mar 12 \| M&M	3%	₹9 Cr	29,096 ↑ 1,741

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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.