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 high to low · page 3 of 6
- HDFC BSE 500 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹14.75#1011Y-6.11%3Y+7.91%5Y—10Y—
- UTI Nifty 500 Value 50 Index Fund - Direct Plan - GrowthUTI · Equity₹20.66#1021Y+2.33%3Y+18.51%5Y—10Y—
- UTI Nifty50 Equal Weight Index Fund - Direct Plan - GrowthUTI · Equity₹14.08#1031Y-5.35%3Y+9.12%5Y—10Y—
- UTI BSE Housing Index Fund - Direct Plan - GrowthUTI · Equity₹13.02#1041Y-12.34%3Y+4.87%5Y—10Y—
- SBI BSE Sensex Index Fund - Direct Plan - GrowthSBI · Equity₹11.87#1051Y-11.98%3Y+3.57%5Y—10Y—
- Kotak Nifty 200 Momentum 30 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹14.01#1061Y-6.00%3Y+8.38%5Y—10Y—
- Axis Nifty IT Index Fund - Direct Plan - Growth OptionAxis · Equity₹9.97#1071Y-18.33%3Y-2.30%5Y—10Y—
- Motilal Oswal Nifty Microcap 250 Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹18.73#1081Y+9.20%3Y+15.02%5Y—10Y—
- Kotak Nifty Financial Services Ex-Bank Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹15.47#1091Y-3.11%3Y+12.64%5Y—10Y—
- LIC MF Nifty Next 50 Index Fund - Direct Plan - GrowthLIC · Equity₹56.18#1101Y+0.57%3Y+15.27%5Y—10Y—
- Kotak BSE Housing Index Fund - Direct Plan - Growth OptionKotak Mahindra · Equity₹12.12#1111Y-12.38%3Y+4.83%5Y—10Y—
- Bandhan Nifty IT Index Fund - Direct Plan - GrowthBandhan · Equity₹9.65#1121Y-18.53%3Y-2.01%5Y—10Y—
- NAVI BSE SENSEX INDEX FUND - Direct Plan - GROWTHNavi · Equity₹11.22#1131Y-11.89%3Y+3.58%5Y—10Y—
- Groww Nifty Total Market Index Fund - Direct Plan - GrowthGroww · Equity₹13.19#1141Y-5.32%3Y+9.88%5Y—10Y—
- Groww Nifty Total Market Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹13.19#1151Y-5.32%3Y+9.88%5Y—10Y—
- Zerodha Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth OptionZerodha · Equity₹13.47#1161Y-4.03%3Y+10.41%5Y—10Y—
- Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth OptionZerodha · Equity₹13.50#1171Y-3.94%3Y+10.49%5Y—10Y—
- Bandhan Nifty Alpha 50 Index Fund - Direct Plan - GrowthBandhan · Equity₹14.51#1181Y+7.65%3Y+12.99%5Y—10Y—
- DSP Nifty Smallcap250 Quality 50 Index Fund - Direct Plan - GrowthDSP · Equity₹10.72#1191Y-7.58%3Y—5Y—10Y—
- BANDHAN Nifty Smallcap 250 Index Fund - Direct Plan - GrowthBandhan · Equity₹12.88#1201Y+4.18%3Y—5Y—10Y—
- Baroda BNP Paribas Nifty 50 Index Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Equity₹10.57#1211Y-10.58%3Y—5Y—10Y—
- ICICI Prudential Nifty50 Value 20 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹9.45#1221Y-12.92%3Y—5Y—10Y—
- SBI Nifty50 Equal Weight Index Fund - Direct Plan - GrowthSBI · Equity₹11.35#1231Y-5.48%3Y—5Y—10Y—
- Nippon India Nifty Bank Index Fund - Direct Plan - Growth OptionNippon India · Equity₹11.86#1241Y-2.73%3Y—5Y—10Y—
- Nippon India Nifty IT Index Fund - Direct Plan - Growth OptionNippon India · Equity₹7.78#1251Y-18.31%3Y—5Y—10Y—
- Axis BSE Sensex Index Fund - Direct Plan - Growth OptionAxis · Equity₹10.13#1261Y-11.67%3Y—5Y—10Y—
- HDFC NIFTY200 Momentum 30 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.83#1271Y-6.21%3Y—5Y—10Y—
- Groww Nifty Smallcap 250 Index Fund - Direct Plan - GrowthGroww · Equity₹11.87#1281Y+4.47%3Y—5Y—10Y—
- Groww Nifty Smallcap 250 Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹11.88#1291Y+4.47%3Y—5Y—10Y—
- ICICI Prudential Nifty LargeMidcap 250 Index Fund - Direct Plan - GrowthICICI Prudential · Equity₹11.71#1301Y-4.57%3Y—5Y—10Y—
- HDFC NIFTY Realty Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.10#1311Y-9.72%3Y—5Y—10Y—
- Navi NiftyIT Index Fund - Direct Plan - GrowthNavi · Equity₹8.46#1321Y-18.37%3Y—5Y—10Y—
- Tata Nifty Auto Index Fund - Direct Plan - Growth OptionTata · Equity₹11.45#1331Y-5.57%3Y—5Y—10Y—
- Tata Nifty MidSmall Healthcare Index Fund - Direct Plan - Growth OptionTata · Equity₹14.71#1341Y+12.38%3Y—5Y—10Y—
- Tata Nifty Realty Index Fund - Direct Plan - Growth OptionTata · Equity₹8.32#1351Y-9.82%3Y—5Y—10Y—
- Tata Nifty Financial Services Index Fund - Direct Plan - Growth OptionTata · Equity₹11.71#1361Y-7.27%3Y—5Y—10Y—
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund - Direct Plan - Growth OptionTata · Equity₹11.62#1371Y+0.10%3Y—5Y—10Y—
- Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund - Direct Plan - Growth OptionTata · Equity₹10.27#1381Y-4.89%3Y—5Y—10Y—
- Edelweiss Nifty Alpha Low Volatility 30 Index Fund - Direct Plan - GrowthEdelweiss · Equity₹9.27#1391Y-7.33%3Y—5Y—10Y—
- Axis Nifty Bank Index Fund - Direct Plan - Growth OptionAxis · Equity₹11.36#1401Y-2.64%3Y—5Y—10Y—
- Groww Nifty Non-Cyclical Consumer Index Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹9.70#1411Y-12.36%3Y—5Y—10Y—
- Groww Nifty Non-Cyclical Consumer Index Fund - Direct Plan - GrowthGroww · Equity₹9.70#1421Y-12.36%3Y—5Y—10Y—
- DSP Nifty Bank Index Fund - Direct Plan - GrowthDSP · Equity₹11.33#1431Y-2.66%3Y—5Y—10Y—
- Kotak NIFTY 100 Low Volatility 30 Index Fund - Direct Plan - GrowthKotak Mahindra · Equity₹10.04#1441Y-8.43%3Y—5Y—10Y—
- Motilal Oswal Nifty India Defence Index Fund - Direct Plan - GrowthMotilal Oswal · Equity₹11.95#1451Y+13.77%3Y—5Y—10Y—
- HDFC NIFTY100 Low Volatility 30 Index Fund - Direct Plan - Growth OptionHDFC · Equity₹9.62#1461Y-8.52%3Y—5Y—10Y—
- BANDHAN NIFTY TOTAL MARKET INDEX FUND - Direct Plan - GrowthBandhan · Equity₹9.64#1471Y-5.36%3Y—5Y—10Y—
- Axis Nifty 500 Index Fund - Direct Plan - Growth OptionAxis · Equity₹9.60#1481Y-5.77%3Y—5Y—10Y—
- Tata Nifty India Tourism Index Fund - Direct Plan - Growth OptionTata · Equity₹8.47#1491Y-16.59%3Y—5Y—10Y—
- Navi Nifty 500 Multicap 50:25:25 Index Fund - Direct Plan - GrowthNavi · Equity₹9.65#1501Y-3.43%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.