Index funds in India

381 live funds in the Index Fund category, ordered by 5-year return, highest first; ICICI Prudential NASDAQ 100 Index Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.

Index funds

Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener

NAV of 27 Oct 2026

About index funds in India

Index funds in India are open-ended mutual funds that copy an index, such as the Nifty 50 or the Nasdaq 100, instead of picking shares. SEBI requires such a fund to hold at least 95% of its assets in the securities of the index it tracks.

What SEBI requires

SEBI groups index funds with ETFs under Other Schemes. The 95% floor is measured against total assets, and the scheme is described as an open-ended scheme replicating or tracking the named index. The rest can sit in cash or money market instruments, which lets the fund pay redemptions without selling holdings the same day.

How the funds are run

The manager does not choose stocks. The fund buys the index's shares in the index's own weights and trades only when the index changes or when money comes in or goes out. The index may cover large companies, mid and small companies, a factor such as low volatility, a bond maturity, or foreign shares, so the category holds funds with very different risks under one label.

Tracking error and tracking difference

Tracking difference is the gap between the fund's return and the index's return over a period. Tracking error is the annualised standard deviation of the daily gap between the two over the past year; SEBI caps it at 2% for index funds other than debt ones. Fund houses publish tracking error daily and tracking difference monthly.

Two funds on the same index can differ because of the expense ratio, the yearly fee taken from the fund's assets, and because of cash held and the timing of trades.

Difference from ETFs and active funds

An index ETF follows an index too, but it is bought and sold on an exchange during market hours. An index fund is bought and redeemed with the fund house at the day's NAV (net asset value, the price of one unit). An actively managed fund such as a large cap fund tries to beat its benchmark and charges more for it.

Equity index funds are taxed as equity funds: gains on units held up to 12 months at 20%, and gains on units held longer at 12.5% above ₹1.25 lakh a year. Debt and overseas index funds follow different tax rules.

Funds on the same index

Every live index fund sits in one table, from Nifty 50 trackers to bond and foreign-index funds, ordered by 5-year return. For a fund on another market's index, the return is in rupees, so it carries the currency's move as well as the index's. Funds on the same index are the ones a reader can set side by side, by cost and by return.

Index funds and ETFs by the index they track

Each index's funds side by side, closest to the index first.