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 4 of 6
- kotak BSE PSU Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹8.74#1511Y-2.87%3Y—5Y—10Y—
- Kotak Nifty Midcap 50 Index Fund - Direct Plan - GROWTHKotak Mahindra · Equity₹10.36#1521Y+1.21%3Y—5Y—10Y—
- HDFC NIFTY500 Multicap 50:25:25 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.59#1531Y-3.44%3Y—5Y—10Y—
- BANDHAN NIFTY BANK INDEX FUND - Direct Plan - GrowthBandhan · Equity₹10.80#1541Y-2.76%3Y—5Y—10Y—
- Aditya Birla Sun Life Nifty India Defence Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹13.06#1551Y+13.96%3Y—5Y—10Y—
- DSP Nifty Top 10 Equal Weight Index Fund - Direct Plan - GrowthDSP · Equity₹8.50#1561Y-14.22%3Y—5Y—10Y—
- Tata Nifty200 Alpha 30 Index Fund - Direct Plan - Growth OptionTata · Equity₹8.59#1571Y-1.01%3Y—5Y—10Y—
- Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth OptionNippon India · Equity₹9.35#1581Y-1.63%3Y—5Y—10Y—
- Bandhan BSE Healthcare Index Fund - Direct Plan - GrowthBandhan · Equity₹11.28#1591Y+9.53%3Y—5Y—10Y—
- Bandhan Nifty Midcap 150 Index Fund - Direct Plan - GrowthBandhan · Equity₹9.85#1601Y-0.43%3Y—5Y—10Y—
- UTI Nifty 200 Quality 30 Index Fund - Direct Plan - GrowthUTI · Equity₹8.30#1611Y-8.29%3Y—5Y—10Y—
- UTI Nifty Private Bank Index Fund - Direct Plan - GrowthUTI · Equity₹10.07#1621Y-2.41%3Y—5Y—10Y—
- Kotak Nifty India Tourism Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹7.98#1631Y-16.48%3Y—5Y—10Y—
- Motilal Oswal Nifty 500 Momentum 50 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹8.22#1641Y-0.57%3Y—5Y—10Y—
- Nippon India Nifty 500 Momentum 50 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹8.31#1651Y+0.35%3Y—5Y—10Y—
- HDFC NIFTY LargeMidcap 250 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.53#1661Y-4.53%3Y—5Y—10Y—
- SBI Nifty 500 Index Fund - Direct Plan - GrowthSBI · Equity₹9.10#1671Y-5.83%3Y—5Y—10Y—
- Kotak Nifty Midcap 150 Momentum 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹9.19#1681Y-1.17%3Y—5Y—10Y—
- Baroda BNP Paribas Nifty200 Momentum 30 Index Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Equity₹7.75#1691Y-6.53%3Y—5Y—10Y—
- ICICI Prudential Nifty200 Value 30 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹10.21#1701Y+2.80%3Y—5Y—10Y—
- Axis Nifty500 Value 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹10.64#1711Y+2.73%3Y—5Y—10Y—
- Tata Nifty Capital Markets Index Fund - Direct Plan - Growth OptionTata · Equity₹14.33#1721Y+15.30%3Y—5Y—10Y—
- Mirae Asset Nifty Total Market Index Fund - Direct Plan - GrowthMirae Asset · Equity₹9.86#1731Y-4.73%3Y—5Y—10Y—
- Mirae Asset Nifty 50 Index Fund - Direct Plan - GrowthMirae Asset · Equity₹9.33#1741Y-10.57%3Y—5Y—10Y—
- Mirae Asset Nifty LargeMidcap 250 Index Fund - Direct Plan - GrowthMirae Asset · Equity₹9.89#1751Y-4.63%3Y—5Y—10Y—
- Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹8.81#1761Y-4.47%3Y—5Y—10Y—
- Bandhan Nifty 500 Value 50 Index Fund - Direct Plan - GrowthBandhan · Equity₹10.51#1771Y+2.27%3Y—5Y—10Y—
- Baroda BNP Paribas Nifty Midcap 150 Index Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Equity₹10.40#1781Y-0.79%3Y—5Y—10Y—
- Bandhan Nifty 500 Momentum 50 Index Fund - Direct Plan - GrowthBandhan · Equity₹8.87#1791Y-0.45%3Y—5Y—10Y—
- SBI Nifty India Consumption Index Fund - Direct Plan - GrowthSBI · Equity₹9.45#1801Y-11.48%3Y—5Y—10Y—
- Motilal Oswal Nifty MidSmall Healthcare Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹12.09#1811Y+12.18%3Y—5Y—10Y—
- Motilal Oswal Nifty MidSmall India Consumption Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹9.06#1821Y-12.35%3Y—5Y—10Y—
- Motilal Oswal Nifty MidSmall Financial Services Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹13.80#1831Y+9.64%3Y—5Y—10Y—
- Motilal Oswal Nifty MidSmall IT and Telecom Index FundMotilal Oswal · Equity₹9.55#1841Y+2.14%3Y—5Y—10Y—
- Nippon India Nifty Realty Index Fund - Direct Plan - Growth OptionNippon India · Equity₹7.51#1851Y-9.67%3Y—5Y—10Y—
- Nippon India Nifty Auto Index Fund - Direct Plan - Growth OptionNippon India · Equity₹10.77#1861Y-5.18%3Y—5Y—10Y—
- Aditya Birla Sun Life BSE India Infrastructure Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹8.50#1871Y-9.63%3Y—5Y—10Y—
- UTI Nifty Alpha Low-Volatility 30 Index Fund - Direct Plan - GrowthUTI · Equity₹8.98#1881Y-7.41%3Y—5Y—10Y—
- UTI Nifty Midcap 150 Index Fund - Direct Plan - GrowthUTI · Equity₹10.38#1891Y-0.45%3Y—5Y—10Y—
- HDFC Nifty India Digital Index Fund - Direct Plan - Growth OptionHDFC · Equity₹8.22#1901Y-10.68%3Y—5Y—10Y—
- Bandhan Nifty 200 Quality 30 Index Fund - Direct Plan - GrowthBandhan · Equity₹8.96#1911Y-8.27%3Y—5Y—10Y—
- Tata BSE Select Business Groups Index Fund - Direct Plan - Growth OptionTata · Equity₹9.31#1921Y-6.74%3Y—5Y—10Y—
- Motilal Oswal Nifty Capital Market Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹12.51#1931Y+15.43%3Y—5Y—10Y—
- Kotak Nifty 100 Equal Weight Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.38#1941Y-2.55%3Y—5Y—10Y—
- Kotak Nifty 50 Equal Weight Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.42#1951Y-5.10%3Y—5Y—10Y—
- ICICI Prudential Nifty 500 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹9.86#1961Y-6.09%3Y—5Y—10Y—
- Bandhan Nifty Alpha Low Volatility 30 Index Fund - Direct Plan - GrowthBandhan · Equity₹9.43#1971Y-7.25%3Y—5Y—10Y—
- DSP BSE SENSEX Next 30 Index Fund - Direct Plan - GrowthDSP · Equity₹11.32#1981Y-0.23%3Y—5Y—10Y—
- Kotak Nifty SmallCap 250 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹11.54#1991Y+4.18%3Y—5Y—10Y—
- Groww Nifty India Railways PSU Index Fund - Direct Plan - GrowthGroww · Equity₹7.03#2001Y-26.65%3Y—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.