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 5 of 6
- Groww Nifty India Railways PSU Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹7.03#2011Y-26.65%3Y—5Y—10Y—
- Axis Nifty500 Momentum 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹10.97#2021Y-0.09%3Y—5Y—10Y—
- SBI Nifty Bank Index Fund - Direct Plan - GrowthSBI · Equity₹11.02#2031Y-2.54%3Y—5Y—10Y—
- HDFC Nifty100 Quality 30 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹10.18#2041Y-6.20%3Y—5Y—10Y—
- UTI Nifty India Manufacturing Index Fund - Direct Plan - GrowthUTI · Equity₹11.71#2051Y+0.46%3Y—5Y—10Y—
- UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund - Direct Plan - GrowthUTI · Equity₹11.42#2061Y+3.06%3Y—5Y—10Y—
- Kotak BSE Sensex Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹9.61#2071Y-11.99%3Y—5Y—10Y—
- SBI Nifty IT Index Fund - Direct Plan - GrowthSBI · Equity₹7.18#2081Y-18.34%3Y—5Y—10Y—
- ANGEL ONE NIFTY TOTAL MARKET INDEX FUND - Direct Plan - GrowthAngel One · Equity₹11.18#2091Y-5.08%3Y—5Y—10Y—
- DSP Nifty Private Bank Index Fund - Direct Plan - GrowthDSP · Equity₹11.18#2101Y-2.24%3Y—5Y—10Y—
- Bandhan Nifty Next 50 Index Fund - Direct Plan - GrowthBandhan · Equity₹12.07#2111Y+0.24%3Y—5Y—10Y—
- Navi Nifty Smallcap250 Momentum Quality 100 Index Fund - Direct Plan - GrowthNavi · Equity₹12.03#2121Y+4.81%3Y—5Y—10Y—
- Kotak Nifty Midcap 150 Index Fund - Direct Plan - GROWTHKotak Mahindra · Equity₹11.12#2131Y-0.39%3Y—5Y—10Y—
- HDFC Nifty Top 20 Equal Weight Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.48#2141Y-11.20%3Y—5Y—10Y—
- Tata BSE Quality Index Fund - Direct Plan - Growth OptionTata · Equity₹10.61#2151Y-4.57%3Y—5Y—10Y—
- SBI BSE PSU BANK INDEX FUND - Direct Plan - GrowthSBI · Equity₹12.96#2161Y+3.89%3Y—5Y—10Y—
- Kotak Nifty Top 10 Equal Weight Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹8.60#2171Y-14.29%3Y—5Y—10Y—
- Nippon India Nifty 500 Quality 50 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹10.22#2181Y-4.95%3Y—5Y—10Y—
- Nippon India Nifty 500 Low Volatility 50 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹9.99#2191Y-8.22%3Y—5Y—10Y—
- Bajaj Finserv Nifty Next 50 Index Fund - Direct Plan - GrowthBajaj Finserv · Equity₹10.90#2201Y-0.41%3Y—5Y—10Y—
- Edelweiss BSE Internet Economy Index Fund - Direct Plan - GrowthEdelweiss · Equity₹11.07#2211Y-1.24%3Y—5Y—10Y—
- Bajaj Finserv Nifty 50 Index Fund - Direct Plan - GrowthBajaj Finserv · Equity₹9.14#2221Y-10.85%3Y—5Y—10Y—
- ANGEL ONE NIFTY 50 INDEX FUND - Direct Plan - GrowthAngel One · Equity₹9.22#2231Y-10.61%3Y—5Y—10Y—
- ICICI Prudential Nifty200 Quality 30 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹9.17#2241Y-8.29%3Y—5Y—10Y—
- SBI Nifty200 Quality 30 Index Fund - Direct Plan - GrowthSBI · Equity₹9.31#2251Y-8.26%3Y—5Y—10Y—
- Nippon India BSE Sensex Next 30 Index Fund - Direct Plan - Growth OptionNippon India · Equity₹10.17#2261Y-0.29%3Y—5Y—10Y—
- Tata Nifty Midcap 150 Index Fund - Direct Plan - Growth OptionTata · Equity₹10.29#2271Y-0.36%3Y—5Y—10Y—
- DSP Nifty IT Index Fund - Direct Plan - GrowthDSP · Equity₹7.45#2281Y-18.11%3Y—5Y—10Y—
- DSP Nifty Healthcare Index Fund - Direct Plan - GrowthDSP · Equity₹11.28#2291Y+7.73%3Y—5Y—10Y—
- Motilal Oswal BSE 1000 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹9.52#2301Y-5.10%3Y—5Y—10Y—
- ICICI Prudential Nifty Top 15 Equal Weight Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹8.74#2311Y-13.81%3Y—5Y—10Y—
- KOTAK NIFTY 200 QUALITY 30 INDEX FUND - Direct Plan - GROWTHKotak Mahindra · Equity₹9.20#2321Y-8.09%3Y—5Y—10Y—
- SBI Nifty200 Momentum 30 Index Fund - Direct Plan - GrowthSBI · Equity₹9.31#2331Y-6.25%3Y—5Y—10Y—
- ICICI Prudential Nifty Private Bank Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹9.75#2341Y-2.30%3Y—5Y—10Y—
- Groww Nifty 50 Index Fund - Direct Plan - GrowthGroww · Equity₹8.98#2351Y-10.79%3Y—5Y—10Y—
- Groww Nifty 50 Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹8.98#2361Y-10.79%3Y—5Y—10Y—
- SBI Nifty100 Low Volatility 30 Index Fund - Direct Plan - GrowthSBI · Equity₹9.40#2371Y-8.56%3Y—5Y—10Y—
- Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹10.58#2381Y+1.04%3Y—5Y—10Y—
- Aditya Birla Sun Life BSE 500 Quality 50 Index Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹10.18#2391Y-2.55%3Y—5Y—10Y—
- Kotak Nifty Alpha 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.69#2401Y+7.45%3Y—5Y—10Y—
- Groww Nifty Next 50 Index Fund - Direct Plan - GrowthGroww · Equity₹10.14#2411Y+0.22%3Y—5Y—10Y—
- JioBlackRock Nifty 50 Index Fund - Direct Plan - Growth OptionJio BlackRock · Equity₹9.07#2421Y-10.48%3Y—5Y—10Y—
- JioBlackRock Nifty Midcap 150 Index Fund - Direct Plan - Growth OptionJio BlackRock · Equity₹10.19#2431Y-0.25%3Y—5Y—10Y—
- JioBlackRock Nifty Next 50 Index Fund - Direct Plan - Growth OptionJio BlackRock · Equity₹10.21#2441Y+0.40%3Y—5Y—10Y—
- JioBlackRock Nifty Smallcap 250 Index Fund - Direct Plan - Growth OptionJio BlackRock · Equity₹10.52#2451Y+4.25%3Y—5Y—10Y—
- Groww Nifty Next 50 Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹10.14#2461Y+0.22%3Y—5Y—10Y—
- DSP Nifty500 Flexicap Quality 30 Index Fund - Direct Plan - GrowthDSP · Equity₹9.10#2471Y-10.74%3Y—5Y—10Y—
- Nippon India Nifty India Manufacturing Index Fund - Direct Plan - Growth OptionNippon India · Equity₹10.51#2481Y+0.83%3Y—5Y—10Y—
- Axis Nifty500 Quality 50 Index Fund - Direct Plan - Growth OptionAxis · Equity₹9.46#2491Y-4.36%3Y—5Y—10Y—
- Bandhan BSE India Sector Leaders Index Fund - Direct Plan - GrowthBandhan · Equity₹9.01#2501Y-9.06%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.