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 6 of 6
- Tata Nifty Next 50 Index Fund - Direct Plan - Growth OptionTata · Equity₹10.09#2511Y+0.27%3Y—5Y—10Y—
- Zerodha Nifty 50 Index Fund - Direct Plan - Growth OptionZerodha · Equity₹8.96#2521Y-12.35%3Y—5Y—10Y—
- Zerodha BSE SENSEX Index Fund - Direct Plan - Growth OptionZerodha · Equity₹8.68#2531Y-13.46%3Y—5Y—10Y—
- Groww Nifty Midcap 150 Index Fund - Direct Plan - GrowthGroww · Equity₹9.68#2541Y-3.83%3Y—5Y—10Y—
- Groww Nifty Midcap 150 Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹9.68#2551Y-3.83%3Y—5Y—10Y—
- ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 INDEX FUND - Direct Plan - GrowthAngel One · Equity₹9.93#2561Y—3Y—5Y—10Y—
- HDFC BSE India Sector Leaders Index Fund - Direct Plan - Growth OptionHDFC · Equity₹8.84#2571Y-11.54%3Y—5Y—10Y—
- DSP Nifty Midcap 150 Index Fund - Direct Plan - GrowthDSP · Equity₹9.87#2581Y—3Y—5Y—10Y—
- DSP Nifty Smallcap 250 Index Fund - Direct Plan - GrowthDSP · Equity₹10.92#2591Y—3Y—5Y—10Y—
- Navi Nifty Midsmallcap 400 Index Fund - Direct Plan - GrowthNavi · Equity₹10.26#2601Y—3Y—5Y—10Y—
- Kotak Nifty500 Momentum 50 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.03#2611Y—3Y—5Y—10Y—
- Tata BSE Multicap Consumption 50:30:20 Index Fund - Direct Plan - Growth OptionTata · Equity₹9.10#2621Y—3Y—5Y—10Y—
- DSP Nifty 500 Index Fund - Direct Plan - GrowthDSP · Equity₹9.11#2631Y—3Y—5Y—10Y—
- Kotak Nifty200 Value 30 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹8.92#2641Y—3Y—5Y—10Y—
- Axis BSE India Sector Leaders Index Fund - Direct Plan - Growth OptionAxis · Equity₹8.94#2651Y—3Y—5Y—10Y—
- HDFC Nifty India Consumption Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.12#2661Y—3Y—5Y—10Y—
- UTI Nifty500 Shariah Index Fund - Direct Plan - GrowthUTI · Equity₹9.51#2671Y—3Y—5Y—10Y—
- Groww Nifty PSU Bank Index Fund - Direct Plan - GrowthGroww · Equity₹9.52#2681Y—3Y—5Y—10Y—
- Groww Nifty PSU Bank Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹9.52#2691Y—3Y—5Y—10Y—
- Choice Nifty 50 Index Fund - Direct Plan - GrowthChoice · Equity₹9.68#2701Y—3Y—5Y—10Y—
- Choice Nifty Next 50 Index Fund - Direct Plan - GrowthChoice · Equity₹10.63#2711Y—3Y—5Y—10Y—
- Zerodha Nifty MidSmallcap400 50:50 Index Fund - Direct Plan - Growth OptionZerodha · Equity₹10.86#2721Y—3Y—5Y—10Y—
- Axis Nifty India Defence Index Fund - Direct Plan - Growth OptionAxis · Equity₹10.11#2731Y—3Y—5Y—10Y—
- Invesco India BSE Sensex Index Fund - Direct Plan - GrowthInvesco · Equity₹9.43#2741Y—3Y—5Y—10Y—
- Invesco India Nifty Bank Index Fund - Direct Plan - GrowthInvesco · Equity₹10.16#2751Y—3Y—5Y—10Y—
- Groww Nifty Private Bank Index Fund - Direct Plan - GrowthGroww · Equity₹10.10#2761Y—3Y—5Y—10Y—
- Axis Nifty Capital Markets Index Fund - Direct PlanAxis · Equity₹9.41#2771Y—3Y—5Y—10Y—
- Groww Nifty Private Bank Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹10.10#2781Y—3Y—5Y—10Y—
- Motilal Oswal BSE Clean Environment Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹8.66#2791Y—3Y—5Y—10Y—
- Motilal Oswal BSE Clean Environment Index FundMotilal Oswal · Equity₹8.64#2801Y—3Y—5Y—10Y—
- Motilal Oswal BSE Midcap 150 Momentum 30 Index FundMotilal Oswal · Equity₹9.99#2811Y—3Y—5Y—10Y—
- Motilal Oswal BSE Midcap 150 Momentum 30 Index FundMotilal Oswal · Equity₹9.98#2821Y—3Y—5Y—10Y—
- Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund - Direct Plan - GrowthGroww · Equity₹10.43#2831Y—3Y—5Y—10Y—
- Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹10.43#2841Y—3Y—5Y—10Y—
- Kotak Nifty Alpha Low Volatility 30 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹9.40#2851Y—3Y—5Y—10Y—
- HDFC Nifty Auto Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.19#2861Y—3Y—5Y—10Y—
- Axis Nifty50 Equal Weight Index Fund - Direct Plan - Growth OptionAxis · Equity₹9.32#2871Y—3Y—5Y—10Y—
- Edelweiss Nifty REITs & Realty Index Fund - Direct Plan - GrowthEdelweiss · Equity₹9.43#2881Y—3Y—5Y—10Y—
- Kotak Nifty Bank Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹9.51#2891Y—3Y—5Y—10Y—
- Axis Nifty Energy Index Fund - Direct Plan - Growth OptionAxis · Equity₹9.44#2901Y—3Y—5Y—10Y—
- UTI Nifty 500 Index FundUTI · Equity₹9.27#2911Y—3Y—5Y—10Y—
- UTI Nifty 500 Index FundUTI · Equity₹9.27#2921Y—3Y—5Y—10Y—
- UTI BSE India Sector Leaders Index Fund - Direct Plan - GrowthUTI · Equity₹9.63#2931Y—3Y—5Y—10Y—
- Navi Nifty Reits & Realty Index fund - Direct Plan - GrowthNavi · Equity₹9.79#2941Y—3Y—5Y—10Y—
- Invesco India Nifty India Defence Index Fund - Direct Plan - GrowthInvesco · Equity₹9.80#2951Y—3Y—5Y—10Y—
- Mirae Asset BSE Information Technology Index Fund - Direct Plan - GrowthMirae Asset · Equity₹10.02#2961Y—3Y—5Y—10Y—
- Invesco India Nifty Chemical Index Fund - Direct Plan - GrowthInvesco · Equity₹9.95#2971Y—3Y—5Y—10Y—
- Axis Nifty500 Low Volatility 50 Index Fund - Direct Plan - GrowthAxis · Equity₹9.68#2981Y—3Y—5Y—10Y—
- HDFC BSE REITS and Commercial Real Estate Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.61#2991Y—3Y—5Y—10Y—
- Kotak Nifty Capital Markets Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.23#3001Y—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.