Nifty 100 index funds and ETFs
9 index funds and ETFs track the Nifty 100, as each fund house reported for Sep 2026. Closest to the index over the year: Zerodha Nifty 100 ETF. Tracking difference is the fund's return less the index's over the year; its costs make it negative, so the figure nearest nought is the closest.
Index funds on the Nifty 100
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty 100
Bandhan Nifty 100 Index FundBandhan Mutual FundTracking difference−0.16%After fee−0.04%Tracking error0.02%Expense ratio0.17%Fund size, ₹ Cr262
Axis Nifty 100 Index FundAxis Mutual FundTracking difference−0.23%After fee−0.01%Tracking error0.03%Expense ratio0.25%Fund size, ₹ Cr1,994
HDFC Nifty 100 Index FundHDFC Mutual FundTracking difference−0.32%After fee+0.01%Tracking error0.04%Expense ratio0.35%Fund size, ₹ Cr457
ETFs on the Nifty 100
Closest to the index first, then the lowest expense ratio. The premium is the median over the month's trading days of each day's close against its NAV.
Zerodha Nifty 100 ETFZerodha Mutual FundTracking difference0.00%After fee+0.26%Tracking error0.04%Expense ratio0.27%Fund size, ₹ Cr165Premium or discount+0.05%
LIC MF Nifty 100 ETFLIC Mutual FundTracking difference−0.25%After fee+0.03%Tracking error0.10%Expense ratio0.29%Fund size, ₹ Cr698Premium or discount+0.59%- HDFC Nifty 100 ETFHDFC Mutual FundTracking difference−0.31%After fee−0.01%Tracking error0.02%Expense ratio0.30%Fund size, ₹ Cr41Premium or discount+0.11%
Nippon India ETF Nifty 100Nippon India Mutual FundTracking difference−0.48%After fee+0.03%Tracking error0.03%Expense ratio0.51%Fund size, ₹ Cr336Premium or discount+0.21%
ICICI Prudential Nifty 100 ETFICICI Prudential Mutual FundTracking difference−0.49%After fee−0.01%Tracking error0.04%Expense ratio0.49%Fund size, ₹ Cr151Premium or discount+0.25%
Motilal Oswal Nifty 100 ETFMotilal Oswal Mutual FundTracking difference–After fee–Tracking error0.15%Expense ratio0.66%Fund size, ₹ Cr16Premium or discount+0.27%
About Nifty 100 index funds and ETFs
Nifty 100 index funds and ETFs are funds that hold the companies of the Nifty 100, the Nifty 50 and Nifty Next 50 combined, in the index's own weights, so their return follows the index less costs.
The index they track
The Nifty 100 is maintained by NSE Indices. It takes the top 100 companies by full market capitalisation (share price times all shares issued) from the Nifty 500. Each is weighted by free float market capitalisation, which counts only the shares normally available for trading. The base date is 1 Jan 2003 at 1000, and the index launched on 1 Dec 2005.
Reviews
Membership is reviewed every six months on data to 31 Jan and 31 Jul, with four weeks' notice before a change.
Index funds and ETFs
An index fund is bought and redeemed with the fund house at the day's NAV, the value of one unit, in a direct or a regular plan; the page switches between them. An ETF is listed and trades through a broker at a price that can sit above or below NAV, so the ETF table adds premium or discount: the median, across the month's trading days, of each day's close divided by that day's NAV, less one.
Tracking difference and tracking error
Tracking difference is the fund's return less the index's over the year to the month's end. Costs make it negative, so the figure nearest nought is the closest to the index. The after fee figure adds the year's average expense ratio back. Tracking error is how far the fund's daily returns differed from the index's, stated as a yearly figure.
Expense ratio, size and order
The expense ratio is the yearly charge as a share of money invested, taken out of NAV daily, so shown returns are already after it. Fund size is assets under management across all plans at month-end. Each table puts the fund closest to the index first, then the lowest expense ratio.