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 2 of 6
- ICICI Prudential Nifty Midcap 150 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹19.35#511Y-0.25%3Y+12.74%5Y—10Y—
- Navi Nifty Next 50 Index Fund - Direct Plan - GrowthNavi · Equity₹16.31#521Y+0.28%3Y+15.17%5Y—10Y—
- Axis Nifty Next 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹16.99#531Y+0.40%3Y+15.22%5Y—10Y—
- Sundaram Nifty 100 Equal Weight Fund (Formerly Known as Principal Nifty 100 Equal Weight Fund) - Direct Plan - GROWTHSundaram · Equity₹181.91#541Y-2.44%3Y+11.83%5Y—10Y—
- Motilal Oswal Nifty 200 Momentum 30 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹14.63#551Y-6.36%3Y+8.22%5Y—10Y—
- Motilal Oswal Nifty 200 Momentum 30 Index FundMotilal Oswal · Equity₹14.17#561Y-7.02%3Y+7.47%5Y—10Y—
- UTI BSE Sensex Index Fund - Direct Plan - GrowthUTI · Equity₹13.01#571Y-11.90%3Y+3.64%5Y—10Y—
- Navi Nifty Bank Index Fund - Direct Plan - GrowthNavi · Equity₹14.50#581Y-2.65%3Y+7.76%5Y—10Y—
- BANDHAN NIFTY 100 INDEX FUND - Direct Plan - GrowthBandhan · Equity₹14.08#591Y-8.64%3Y+6.87%5Y—10Y—
- Aditya Birla Sun Life Nifty Next 50 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹17.03#601Y+0.33%3Y+15.08%5Y—10Y—
- ICICI Prudential Nifty Bank Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹15.86#611Y-2.60%3Y+7.75%5Y—10Y—
- HDFC NIFTY 100 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹14.00#621Y-8.79%3Y+6.65%5Y—10Y—
- HDFC NIFTY 100 Equal Weight Index Fund - Direct Plan - Growth OptionHDFC · Equity₹16.41#631Y-2.79%3Y+11.86%5Y—10Y—
- UTI BSE Low Volatility Index Fund - Direct Plan - GrowthUTI · Equity₹14.98#641Y-11.08%3Y+5.09%5Y—10Y—
- Navi Nifty Midcap 150 Index FundNavi · Equity₹20.47#651Y-0.42%3Y+12.68%5Y—10Y—
- Navi Nifty Midcap 150 Index FundNavi · Equity₹19.69#661Y-1.17%3Y+11.79%5Y—10Y—
- Axis Nifty Smallcap 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹20.56#671Y+11.33%3Y+17.12%5Y—10Y—
- Motilal Oswal BSE Low Volatility Index FundMotilal Oswal · Equity₹14.88#681Y-11.08%3Y+5.02%5Y—10Y—
- Motilal Oswal BSE Low Volatility Index FundMotilal Oswal · Equity₹14.44#691Y-11.71%3Y+4.31%5Y—10Y—
- Axis Nifty Midcap 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹20.48#701Y+1.33%3Y+13.23%5Y—10Y—
- UTI Nifty Midcap 150 Quality 50 Index Fund - Direct Plan - GrowthUTI · Equity₹13.54#711Y-5.85%3Y+6.79%5Y—10Y—
- DSP Nifty Midcap 150 Quality 50 Index Fund - Direct Plan - GrowthDSP · Equity₹13.96#721Y-5.71%3Y+6.91%5Y—10Y—
- Motilal Oswal BSE Financials ex Bank 30 Index FundMotilal Oswal · Equity₹16.52#731Y-6.39%3Y+10.27%5Y—10Y—
- Motilal Oswal BSE Financials ex Bank 30 Index FundMotilal Oswal · Equity₹16.06#741Y-6.97%3Y+9.54%5Y—10Y—
- ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹15.96#751Y-6.09%3Y+8.10%5Y—10Y—
- ICICI Prudential Nifty IT Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹10.08#761Y-18.26%3Y-2.28%5Y—10Y—
- Nippon India Nifty Alpha Low Volatility 30 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹14.85#771Y-7.24%3Y+7.52%5Y—10Y—
- Navi Nifty India Manufacturing Index Fund - Direct Plan - GrowthNavi · Equity₹18.32#781Y+0.69%3Y+15.70%5Y—10Y—
- Motilal Oswal BSE Enhanced Value Index FundMotilal Oswal · Equity₹25.55#791Y-2.41%3Y+17.69%5Y—10Y—
- Motilal Oswal BSE Enhanced Value Index FundMotilal Oswal · Equity₹24.85#801Y-3.06%3Y+16.90%5Y—10Y—
- Motilal Oswal BSE Quality Index FundMotilal Oswal · Equity₹16.28#811Y-4.42%3Y+10.41%5Y—10Y—
- Motilal Oswal BSE Quality Index FundMotilal Oswal · Equity₹15.82#821Y-5.05%3Y+9.66%5Y—10Y—
- BANDHAN NIFTY200 MOMENTUM 30 INDEX FUND - Direct Plan - GrowthBandhan · Equity₹14.98#831Y-6.25%3Y+7.93%5Y—10Y—
- BANDHAN Nifty100 Low Volatility 30 Index Fund - Direct Plan - GrowthBandhan · Equity₹14.61#841Y-8.57%3Y+7.61%5Y—10Y—
- ICICI Prudential Nifty50 Equal Weight Index Fund- - Direct Plan - GrowthICICI Prudential · Equity₹15.87#851Y-5.43%3Y+9.19%5Y—10Y—
- ICICI Prudential Nifty Auto Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹20.29#861Y-5.37%3Y+15.89%5Y—10Y—
- SBI Nifty Midcap 150 Index Fund - Direct Plan - GrowthSBI · Equity₹18.85#871Y-0.26%3Y+12.77%5Y—10Y—
- SBI Nifty Smallcap 250 Index Fund - Direct Plan - GrowthSBI · Equity₹19.36#881Y+4.06%3Y+12.59%5Y—10Y—
- Tata Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan - Growth OptionTata · Equity₹17.86#891Y-1.52%3Y+12.40%5Y—10Y—
- Edelweiss Nifty Smallcap 250 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹18.54#901Y+4.52%3Y+12.99%5Y—10Y—
- Edelweiss Nifty Next 50 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹16.00#911Y+0.49%3Y+15.31%5Y—10Y—
- Edelweiss Nifty Midcap150 Momentum 50 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹17.96#921Y-1.16%3Y+12.95%5Y—10Y—
- ICICI Prudential Nifty Pharma Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹20.19#931Y+17.58%3Y+19.82%5Y—10Y—
- HSBC NIFTY 50 Index Fund - Direct Plan - GrowthHSBC · Equity₹26.50#941Y-10.54%3Y+5.13%5Y—10Y—
- HSBC NIFTY NEXT 50 Index Fund - Direct Plan - GrowthHSBC · Equity₹30.01#951Y-0.05%3Y+14.90%5Y—10Y—
- 360 ONE ELSS Tax Saver Nifty 50 Index Fund - Direct Plan - GROWTH Option360 ONE · Equity₹12.72#961Y-10.57%3Y+5.09%5Y—10Y—
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUND - Direct Plan - GROWTHNavi · Equity₹13.61#971Y-10.59%3Y+5.11%5Y—10Y—
- Kotak Nifty Smallcap 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹22.54#981Y+10.84%3Y+17.15%5Y—10Y—
- HDFC NIFTY Midcap 150 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹18.48#991Y-0.37%3Y+12.69%5Y—10Y—
- HDFC NIFTY Smallcap 250 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹19.35#1001Y+4.10%3Y+12.58%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.