Best Index Funds Mutual Funds
Index funds track a benchmark rather than trying to beat it. Because there is no active stock selection, expense ratios are usually a fraction of an active fund's — a cost gap that compounds meaningfully over a decade.
We currently track 300 direct-plan Index Funds schemes from 29 fund houses with a median 5-year CAGR of 6.2%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 50 of 300 schemes · sorted by Y5 low to high · page 1 of 6
- Taurus Nifty 50 Index Fund - Direct Plan - Income Distribution cum Capital WithdrawalTaurus · Equity₹40.39#11Y-15.62%3Y+2.62%5Y+3.74%10Y+9.50%
- LIC MF BSE Sensex Index Fund - Direct Plan - GrowthLIC · Equity₹145.11#21Y-12.21%3Y+3.37%5Y+4.40%10Y+10.66%
- Tata BSE Sensex Index Fund - Direct PlanTata · Equity₹192.68#31Y-12.01%3Y+3.53%5Y+4.50%10Y+10.90%
- ICICI Prudential BSE Sensex Index Fund - Direct Plan - CumulativeICICI Prudential · Equity₹24.03#41Y-11.92%3Y+3.65%5Y+4.58%10Y—
- HDFC BSE Sensex Index Fund - Direct Plan - Growth OptionHDFC · Equity₹688.49#51Y-11.95%3Y+3.62%5Y+4.59%10Y+11.01%
- Nippon India Index Fund - BSE Sensex Plan - Direct Plan - Growth OptionNippon India · Equity₹39.15#61Y-11.92%3Y+3.63%5Y+4.62%10Y+11.02%
- Taurus Nifty 50 Index Fund - Direct Plan - GrowthTaurus · Equity₹45.48#71Y-11.09%3Y+4.43%5Y+4.84%10Y+10.80%
- LIC MF Nifty 50 Index Fund - Direct Plan - GrowthLIC · Equity₹134.03#81Y-10.90%3Y+4.96%5Y+5.31%10Y+10.70%
- Aditya Birla Sun Life Nifty 50 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹233.69#91Y-10.53%3Y+5.14%5Y+5.40%10Y+10.75%
- HDFC Nifty 50 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹218.85#101Y-10.63%3Y+5.09%5Y+5.40%10Y+11.05%
- Franklin India NSE Nifty 50 Index Fund - Direct Plan - GrowthFranklin Templeton · Equity₹191.47#111Y-10.52%3Y+5.14%5Y+5.41%10Y+10.76%
- Tata Nifty 50 Index Fund - Direct PlanTata · Equity₹152.22#121Y-10.62%3Y+5.05%5Y+5.41%10Y+11.02%
- Kotak Nifty 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹14.88#131Y-10.46%3Y+5.10%5Y+5.41%10Y—
- ICICI Prudential Nifty 50 Index Fund - Direct Plan - CumulativeICICI Prudential · Equity₹236.70#141Y-10.58%3Y+5.10%5Y+5.41%10Y+10.98%
- SBI NIFTY INDEX FUND - Direct Plan - GrowthSBI · Equity₹209.24#151Y-10.61%3Y+5.10%5Y+5.42%10Y+10.97%
- Nippon India Nifty 50 Value 20 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹16.49#161Y-12.99%3Y+3.22%5Y+5.42%10Y—
- Edelweiss Nifty 50 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹13.28#171Y-10.36%3Y+5.19%5Y+5.44%10Y—
- UTI Nifty 50 Index Fund - Direct Plan - GrowthUTI · Equity₹157.47#181Y-10.55%3Y+5.15%5Y+5.45%10Y+11.11%
- DSP Nifty 50 Index Fund - Direct Plan - GrowthDSP · Equity₹22.10#191Y-10.48%3Y+5.18%5Y+5.46%10Y—
- Nippon India Index Fund - Nifty 50 Plan - Direct Plan - Growth OptionNippon India · Equity₹41.32#201Y-10.48%3Y+5.19%5Y+5.46%10Y+11.02%
- Navi Nifty 50 Index Fund - Direct Plan - GrowthNavi · Equity₹14.78#211Y-10.47%3Y+5.20%5Y+5.49%10Y—
- Motilal Oswal Nifty 50 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹19.53#221Y-10.49%3Y+5.20%5Y+5.49%10Y—
- BANDHAN Nifty 50 Index Fund - Direct Plan - GrowthBandhan · Equity₹50.11#231Y-10.52%3Y+5.17%5Y+5.51%10Y+11.18%
- Axis Nifty 100 Index Fund - Direct Plan - Growth OptionAxis · Equity₹21.02#241Y-8.71%3Y+6.78%5Y+6.05%10Y—
- Edelweiss Nifty 100 Quality 30 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹13.84#251Y-6.10%3Y+6.74%5Y+6.29%10Y—
- UTI Nifty 200 Momentum 30 Index Fund - Direct Plan - GrowthUTI · Equity₹20.35#261Y-5.98%3Y+8.56%5Y+7.82%10Y—
- Motilal Oswal Nifty 500 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹25.52#271Y-5.55%3Y+8.57%5Y+7.87%10Y—
- Motilal Oswal Nifty Bank Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹20.44#281Y-2.70%3Y+7.72%5Y+7.91%10Y—
- Aditya Birla Sun Life Nifty 50 Equal Weight index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹17.64#291Y-5.38%3Y+9.24%5Y+9.12%10Y—
- HDFC NIFTY50 Equal Weight Index Fund - Direct Plan - Growth OptionHDFC · Equity₹17.24#301Y-5.45%3Y+9.24%5Y+9.17%10Y—
- DSP Nifty 50 Equal Weight Index Fund - Direct Plan - GrowthDSP · Equity₹25.44#311Y-5.32%3Y+9.30%5Y+9.23%10Y—
- ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹63.59#321Y+0.10%3Y+15.01%5Y+9.75%10Y+11.88%
- SBI Nifty Next 50 Index Fund - Direct Plan - GrowthSBI · Equity₹18.98#331Y+0.24%3Y+15.21%5Y+9.88%10Y—
- UTI - Nifty Next 50 Index Fund - Direct Plan - GrowthUTI · Equity₹25.41#341Y+0.30%3Y+15.25%5Y+9.89%10Y—
- Motilal Oswal Nifty Next 50 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹24.58#351Y+0.21%3Y+15.22%5Y+9.90%10Y—
- DSP Nifty Next 50 Index Fund - Direct Plan - GrowthDSP · Equity₹27.13#361Y+0.31%3Y+15.20%5Y+9.93%10Y—
- Kotak Nifty Next 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹20.06#371Y+0.35%3Y+15.27%5Y+10.05%10Y—
- HDFC NIFTY Next 50 index Fund - Direct Plan - Growth OptionHDFC · Equity₹16.18#381Y+0.18%3Y+14.99%5Y+10.13%10Y—
- Aditya Birla Sun Life Nifty Smallcap 50 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹23.65#391Y+11.20%3Y+17.27%5Y+11.17%10Y—
- Nippon India Nifty Smallcap 250 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹35.22#401Y+4.26%3Y+12.45%5Y+12.43%10Y—
- Motilal Oswal Nifty Smallcap 250 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹39.82#411Y+4.29%3Y+12.86%5Y+12.72%10Y—
- ICICI Prudential Nifty Smallcap 250 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹18.22#421Y+4.05%3Y+12.56%5Y+12.73%10Y—
- Nippon India Nifty Midcap 150 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹25.06#431Y-0.20%3Y+12.80%5Y+13.02%10Y—
- Aditya Birla Sun Life Nifty Midcap 150 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹24.46#441Y-0.33%3Y+12.89%5Y+13.15%10Y—
- Motilal Oswal Nifty Midcap 150 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹39.25#451Y-0.12%3Y+13.02%5Y+13.25%10Y—
- Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹24.08#461Y+15.65%3Y+18.78%5Y+13.52%10Y—
- Motilal Oswal S&P 500 Index Fund - Direct Plan - GROWTHMotilal Oswal · Equity₹34.51#471Y+26.97%3Y+27.61%5Y+18.27%10Y—
- ICICI Prudential NASDAQ 100 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹25.52#481Y+33.43%3Y+32.46%5Y+20.44%10Y—
- Edelweiss NIFTY Large Midcap 250 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹16.27#491Y-4.60%3Y+9.82%5Y—10Y—
- Axis Nifty 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹13.61#501Y-10.50%3Y+5.18%5Y—10Y—
Index Funds funds — frequently asked questions
Which Index Funds fund has the highest 5-year CAGR?
ICICI Prudential NASDAQ 100 Index Fund - Direct Plan - Growth currently leads the Index Funds category with a 5-year CAGR of 20.4%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a Index Funds fund?
Across the 300 Index Funds schemes we track, the median 5-year CAGR is 6.2%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.