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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 December 20, 2024 , 532552 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 Mutual Funds

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.

Types of Funds in Passive Index Funds

Passive index funds are investment vehicles designed to replicate the performance of a specific Market Index. Here are the types of funds that fall under the category of passive index funds:

1. Equity Index Funds

These funds track equity indices like the Nifty 50, Sensex, or global indices such as the S&P 500. Examples:

  • Nifty 50 Index Fund
  • Sensex Index Fund
  • S&P 500 Index Fund

2. Exchange-Traded Funds (ETFs)

ETFs are similar to index funds but trade like stocks on exchanges. They track a variety of indices, including:

  • Nifty ETFs
  • Sensex ETFs
  • Nasdaq 100 ETFs

3. Debt Index Funds

These funds replicate the performance of bond indices, providing exposure to fixed-Income securities. Examples:

4. International Index Funds

These funds provide exposure to foreign markets by tracking indices from other countries or regions. Examples:

5. Sectoral or Thematic Index Funds

These funds track indices focused on specific sectors or themes, such as IT, banking, or healthcare. Examples:

  • Nifty Bank Index Fund
  • Nifty IT Index Fund

6. Gold ETFs

Though not traditional index funds, gold ETFs function like Passive Funds by tracking the price of gold.

7. Multi-Asset Passive Funds

These funds passively invest in a combination of asset classes, such as equity, debt, and gold, based on predefined indices.

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 ₹145.76
↓ -2.21
₹84-7.80.710.81213.519
Nippon India Index Fund - Sensex Plan Growth ₹39.4785
↓ -0.60
₹766-7.6111.412.51419.5
SBI Nifty Index Fund Growth ₹207.119
↓ -3.20
₹8,679-8.50.312.213.114.420.7
IDBI Nifty Index Fund Growth ₹36.2111
↓ -0.02
₹2089.111.916.220.311.7
Franklin India Index Fund Nifty Plan Growth ₹189.157
↓ -2.92
₹698-8.40.312.212.914.320.2
ICICI Prudential Nifty Next 50 Index Fund Growth ₹60.373
↓ -1.69
₹7,010-9.1-4.13519.619.126.3
IDBI Nifty Junior Index Fund Growth ₹50.872
↓ -1.42
₹97-9.1-4.234.419.318.925.7
LIC MF Index Fund Nifty Growth ₹130.006
↓ -2.01
₹319-8.6011.612.513.919.8
Nippon India Index Fund - Nifty Plan Growth ₹39.7569
↓ -0.61
₹2,036-8.50.312.112.914.120.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Dec 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 13.4% 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 (20 Dec 24) ₹145.76 ↓ -2.21   (-1.49 %)
Net Assets (Cr) ₹84 on 30 Nov 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.98
Sharpe Ratio 0.95
Information Ratio -8.32
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.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,848
30 Nov 21₹13,997
30 Nov 22₹15,494
30 Nov 23₹16,518
30 Nov 24₹19,692

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 ₹426,080.
Net Profit of ₹126,080
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 20 Dec 24

DurationReturns
1 Month 0.5%
3 Month -7.8%
6 Month 0.7%
1 Year 10.8%
3 Year 12%
5 Year 13.5%
10 Year
15 Year
Since launch 13.4%
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 231.16 Yr.

Data below for LIC MF Index Fund Sensex as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.29%
Equity99.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 500180
15%₹12 Cr68,663
↑ 312
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | 532174
10%₹8 Cr64,072
↑ 371
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 09 | 500325
9%₹8 Cr61,615
↑ 507
Infosys Ltd (Technology)
Equity, Since 31 Mar 09 | 500209
7%₹6 Cr32,929
↑ 360
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 11 | 500875
5%₹4 Cr84,067
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | 532454
5%₹4 Cr24,376
↑ 200
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 09 | 500510
5%₹4 Cr10,645
↑ 50
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 09 | 532540
5%₹4 Cr9,211
↑ 30
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹3 Cr25,925
↑ 411
State Bank of India (Financial Services)
Equity, Since 31 Mar 09 | 500112
3%₹3 Cr34,931
↑ 441

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 10.1% 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 (20 Dec 24) ₹39.4785 ↓ -0.60   (-1.49 %)
Net Assets (Cr) ₹766 on 30 Nov 24
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.58
Sharpe Ratio 1
Information Ratio -9.72
Alpha Ratio -0.55
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 Nov 19₹10,000
30 Nov 20₹10,892
30 Nov 21₹14,133
30 Nov 22₹15,717
30 Nov 23₹16,784
30 Nov 24₹20,121

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 ₹436,710.
Net Profit of ₹136,710
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 20 Dec 24

DurationReturns
1 Month 0.5%
3 Month -7.6%
6 Month 1%
1 Year 11.4%
3 Year 12.5%
5 Year 14%
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 230.94 Yr.

Data below for Nippon India Index Fund - Sensex Plan as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.08%
Equity99.92%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 500180
15%₹113 Cr627,950
↑ 12,930
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | 532174
10%₹76 Cr586,298
↑ 12,073
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | 500325
9%₹73 Cr563,236
↑ 11,598
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | 500209
7%₹56 Cr300,718
↑ 6,192
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | 500875
5%₹37 Cr770,376
↑ 15,863
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | 500510
5%₹36 Cr97,295
↑ 2,003
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 10 | 532454
5%₹36 Cr222,745
↑ 4,586
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | 532540
5%₹36 Cr84,335
↑ 1,737
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | 532215
4%₹27 Cr236,804
↑ 4,876
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | 500112
3%₹27 Cr319,469
↑ 6,579

3. 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 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 (20 Dec 24) ₹207.119 ↓ -3.20   (-1.52 %)
Net Assets (Cr) ₹8,679 on 30 Nov 24
Category Others - Index Fund
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.5
Sharpe Ratio 1.03
Information Ratio -21.2
Alpha Ratio -0.56
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 Nov 19₹10,000
30 Nov 20₹10,727
30 Nov 21₹14,106
30 Nov 22₹15,698
30 Nov 23₹16,937
30 Nov 24₹20,424

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 ₹436,710.
Net Profit of ₹136,710
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 20 Dec 24

DurationReturns
1 Month 0.3%
3 Month -8.5%
6 Month 0.3%
1 Year 12.2%
3 Year 13.1%
5 Year 14.4%
10 Year
15 Year
Since launch 14.3%
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 1113.84 Yr.
Pradeep Kesavan1 Dec 231 Yr.

Data below for SBI Nifty Index Fund as on 30 Nov 24

Asset Allocation
Asset ClassValue
Equity100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 03 | HDFCBANK
13%₹1,092 Cr6,079,287
↑ 167,242
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
8%₹734 Cr5,646,276
↑ 155,333
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
8%₹702 Cr5,435,296
↑ 149,529
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹536 Cr2,884,394
↑ 79,350
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹355 Cr7,455,034
↑ 205,088
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
4%₹351 Cr943,454
↑ 25,957
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹350 Cr819,139
↑ 22,535
Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 04 | BHARTIARTL
4%₹350 Cr2,148,128
↑ 59,094
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | AXISBANK
3%₹260 Cr2,284,200
↑ 62,838
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
3%₹259 Cr3,083,408
↑ 84,826

4. 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 Nov 19₹10,000
30 Nov 20₹10,732
30 Nov 21₹13,982
30 Nov 22₹15,500

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 20 Dec 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

5. 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 12.8% 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 (20 Dec 24) ₹189.157 ↓ -2.92   (-1.52 %)
Net Assets (Cr) ₹698 on 30 Nov 24
Category Others - Index Fund
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 0.62
Sharpe Ratio 1.03
Information Ratio -3.89
Alpha Ratio -0.56
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 Nov 19₹10,000
30 Nov 20₹10,745
30 Nov 21₹14,081
30 Nov 22₹15,643
30 Nov 23₹16,835
30 Nov 24₹20,288

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 ₹436,710.
Net Profit of ₹136,710
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 20 Dec 24

DurationReturns
1 Month 0.2%
3 Month -8.4%
6 Month 0.3%
1 Year 12.2%
3 Year 12.9%
5 Year 14.3%
10 Year
15 Year
Since launch 12.8%
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
Sandeep Manam18 Oct 213.12 Yr.
Shyam Sriram26 Sep 240.18 Yr.

Data below for Franklin India Index Fund Nifty Plan as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.54%
Equity99.46%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | HDFCBANK
12%₹84 Cr485,925
↑ 04
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
8%₹58 Cr451,313
↓ -40
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
8%₹58 Cr434,450
↓ -52
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
6%₹41 Cr230,553
↑ 121
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 11 | ITC
4%₹29 Cr595,890
↑ 9,283
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 04 | BHARTIARTL
4%₹28 Cr171,702
↑ 15
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
4%₹27 Cr75,411
↓ -72
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
4%₹26 Cr65,474
↓ -360
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | 532215
3%₹21 Cr182,579
↑ 185
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
3%₹20 Cr246,460
↓ -581

6. 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 13.2% 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 (20 Dec 24) ₹60.373 ↓ -1.69   (-2.72 %)
Net Assets (Cr) ₹7,010 on 30 Nov 24
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.7
Sharpe Ratio 1.99
Information Ratio -11.56
Alpha Ratio -0.73
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 Nov 19₹10,000
30 Nov 20₹10,578
30 Nov 21₹14,501
30 Nov 22₹15,208
30 Nov 23₹16,703
30 Nov 24₹24,579

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 ₹493,520.
Net Profit of ₹193,520
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 20 Dec 24

DurationReturns
1 Month 1.3%
3 Month -9.1%
6 Month -4.1%
1 Year 35%
3 Year 19.6%
5 Year 19.1%
10 Year
15 Year
Since launch 13.2%
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 213.87 Yr.
Priya Sridhar1 Feb 240.83 Yr.
Ajaykumar Solanki1 Feb 240.83 Yr.

Data below for ICICI Prudential Nifty Next 50 Index Fund as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.06%
Equity99.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
4%₹293 Cr688,804
↑ 24,962
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
4%₹285 Cr6,147,328
↑ 222,883
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 24 | DIVISLAB
4%₹271 Cr460,370
↑ 16,680
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
4%₹269 Cr6,122,244
↑ 221,974
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
4%₹254 Cr627,004
↑ 22,720
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810
4%₹240 Cr5,273,313
↑ 191,189
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955
3%₹236 Cr4,523,689
↑ 164,011
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | 500550
3%₹223 Cr320,228
↑ 11,599
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 532343
3%₹212 Cr851,868
↑ 30,876
Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Jun 20 | NAUKRI
3%₹210 Cr282,706
↑ 10,239

7. 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 12.1% 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 (20 Dec 24) ₹50.872 ↓ -1.42   (-2.71 %)
Net Assets (Cr) ₹97 on 30 Nov 24
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0.87
Sharpe Ratio 1.96
Information Ratio -6.96
Alpha Ratio -1.08
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,527
30 Nov 21₹14,425
30 Nov 22₹15,175
30 Nov 23₹16,601
30 Nov 24₹24,312

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 ₹481,656.
Net Profit of ₹181,656
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 20 Dec 24

DurationReturns
1 Month 1.3%
3 Month -9.1%
6 Month -4.2%
1 Year 34.4%
3 Year 19.3%
5 Year 18.9%
10 Year
15 Year
Since launch 12.1%
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 231.16 Yr.

Data below for IDBI Nifty Junior Index Fund as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.52%
Equity99.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
4%₹4 Cr9,717
↑ 137
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 24 | DIVISLAB
4%₹4 Cr6,493
↑ 119
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
4%₹4 Cr87,192
↑ 1,110
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
4%₹4 Cr8,812
↑ 139
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | PFC
4%₹4 Cr74,423
↑ 633
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | TATAPOWER
4%₹4 Cr86,335
↑ 1,534
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | SIEMENS
4%₹3 Cr4,520
↑ 122
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | RECLTD
4%₹3 Cr63,720
↑ 266
Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Jun 20 | NAUKRI
3%₹3 Cr3,989
↑ 01
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TVSMOTOR
3%₹3 Cr12,033
↑ 138

8. 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 12.8% 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 (20 Dec 24) ₹130.006 ↓ -2.01   (-1.52 %)
Net Assets (Cr) ₹319 on 30 Nov 24
Category Others - Index Fund
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.95
Sharpe Ratio 0.99
Information Ratio -10.84
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.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,743
30 Nov 21₹14,027
30 Nov 22₹15,545
30 Nov 23₹16,658
30 Nov 24₹19,974

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 ₹426,080.
Net Profit of ₹126,080
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 20 Dec 24

DurationReturns
1 Month 0.2%
3 Month -8.6%
6 Month 0%
1 Year 11.6%
3 Year 12.5%
5 Year 13.9%
10 Year
15 Year
Since launch 12.8%
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 231.16 Yr.

Data below for LIC MF Index Fund Nifty as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.31%
Equity99.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
13%₹40 Cr223,285
↑ 1,627
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
8%₹27 Cr207,090
↑ 2,742
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 12 | RELIANCE
8%₹26 Cr199,526
↓ -822
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹20 Cr105,812
↑ 615
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
4%₹13 Cr273,499
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 09 | LT
4%₹13 Cr34,661
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
4%₹13 Cr30,059
↑ 217
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
4%₹13 Cr78,896
↑ 371
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | AXISBANK
3%₹10 Cr83,791
↑ 451
State Bank of India (Financial Services)
Equity, Since 30 Apr 09 | SBIN
3%₹10 Cr113,273
↑ 1,595

9. 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 (20 Dec 24) ₹39.7569 ↓ -0.61   (-1.52 %)
Net Assets (Cr) ₹2,036 on 30 Nov 24
Category Others - Index Fund
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 0.56
Sharpe Ratio 1.03
Information Ratio -10.28
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
30 Nov 19₹10,000
30 Nov 20₹10,700
30 Nov 21₹13,998
30 Nov 22₹15,504
30 Nov 23₹16,711
30 Nov 24₹20,133

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 ₹436,710.
Net Profit of ₹136,710
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 20 Dec 24

DurationReturns
1 Month 0.2%
3 Month -8.5%
6 Month 0.3%
1 Year 12.1%
3 Year 12.9%
5 Year 14.1%
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 230.94 Yr.

Data below for Nippon India Index Fund - Nifty Plan as on 30 Nov 24

Asset Allocation
Asset ClassValue
Cash0.06%
Equity99.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | HDFCBANK
13%₹256 Cr1,425,374
↑ 28,723
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK
8%₹172 Cr1,323,848
↑ 26,678
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 10 | RELIANCE
8%₹165 Cr1,274,381
↑ 25,681
Infosys Ltd (Technology)
Equity, Since 31 Oct 10 | INFY
6%₹126 Cr676,286
↑ 13,628
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹83 Cr1,747,937
↑ 35,223
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹82 Cr221,206
↑ 4,458
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 10 | TCS
4%₹82 Cr192,058
↑ 3,870
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 10 | BHARTIARTL
4%₹82 Cr503,659
↑ 10,149
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | AXISBANK
3%₹61 Cr535,564
↑ 10,793
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
3%₹61 Cr722,947
↑ 14,568

Why Passive Index Funds are Better?

The impressive growth in gold ETFs highlights a key trend: investors are increasingly gravitating toward passive investment options. Gold ETFs, much like passive index funds, offer a cost-efficient, low-maintenance way to participate in market movements. With net assets under management in gold ETFs surging by 59% from October 2023 to October 2024, it’s clear that the preference for simplicity and tax Efficiency is driving this shift.

Similarly, passive index funds outperform actively managed funds for many investors due to their low expense ratios, diversification, and transparency. Just as gold ETFs allow investors to gain exposure to gold without the complexities of physical storage, index funds let you mirror market performance without the hassle of active stock selection. By avoiding high management fees and reducing risks associated with individual stock picking, passive index funds align with the same principles that have made gold ETFs increasingly popular.

Passive index funds have expense ratios as low as 0.10%-0.50%, compared to 1.5%-2% for actively managed funds. In 2024, investors saved significantly on costs by choosing passive funds, boosting their net returns.

International passive funds like Nasdaq 100 Index Funds delivered robust returns of over 20% in 2023, outpacing many global actively managed funds.

Many actively managed Equity Funds underperformed their benchmark indices in 2023. For instance, as per Industry reports, over 60% of large-cap mutual funds failed to beat the Nifty 50 returns, largely due to high fees and inefficiencies in stock picking.

Nifty 50 in 2023 delivered returns of 11.5%, while the average actively managed Large cap fund lagged at 9.8%.

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. Do Passive Index Funds guarantee returns?

A: No, they don’t guarantee returns. They mirror the performance of their benchmark index, which fluctuates based on market conditions.

5. Do Passive Index Funds pay dividends?

A: Some funds offer dividend options, but the growth option, where dividends are reinvested, is more popular for wealth accumulation.

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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