Nifty Alpha Low-Volatility 30 index funds and ETFs
5 index funds and ETFs track the Nifty Alpha Low-Volatility 30, as each fund house reported for Sep 2026. Closest to the index over the year: Nippon India Nifty Alpha Low Volatility 30 Index Fund. 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 Alpha Low-Volatility 30
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty Alpha Low-Volatility 30
Nippon India Nifty Alpha Low Volatility 30 Index FundNippon India Mutual FundTracking difference−0.59%After fee−0.15%Tracking error0.20%Expense ratio0.58%Fund size, ₹ Cr1,169
Bandhan Nifty Alpha Low Volatility 30 Index FundBandhan Mutual FundTracking difference−0.60%After fee−0.22%Tracking error0.17%Expense ratio0.55%Fund size, ₹ Cr9
Edelweiss Nifty Alpha Low Volatility 30 Index FundEdelweiss Mutual FundTracking difference−0.68%After fee−0.19%Tracking error0.18%Expense ratio0.66%Fund size, ₹ Cr80
UTI Nifty Alpha Low-Volatility 30 Index FundUTI Mutual FundTracking difference−0.77%After fee−0.02%Tracking error0.13%Expense ratio0.82%Fund size, ₹ Cr63
Kotak Nifty Alpha Low Volatility 30 Index FundKotak Mahindra Mutual FundTracking difference–After fee–Tracking error0.28%Expense ratio1.27%Fund size, ₹ Cr7
About Nifty Alpha Low-Volatility 30 index funds and ETFs
Nifty Alpha Low-Volatility 30 index funds and ETFs are funds that hold the 30 stocks of the Nifty Alpha Low-Volatility 30, an index that picks large and mid-sized companies for high alpha and low volatility. Each fund aims to match the index's return, less its costs.
The index they track
NSE Indices picks the 30 stocks from the Nifty 100 and the Nifty Midcap 50; each must trade in futures and options and have a year of listing history. Its base date is 1 Apr 2005 and it launched on 10 Jul 2017.
Alpha and low volatility
Alpha is the return a stock earned above what its moves with the market explain. NSE works it out over the previous 12 months: the stock's average daily return, less the average daily 3 Month MIBOR (a money market reference rate) and its beta times the Nifty 50's daily return above that rate. Beta is how strongly a stock moves with the market. The low volatility score is the inverse of the standard deviation of daily returns over the previous year. The two scores count equally.
Weights and review
At each rebalancing a stock is capped at the lower of 5% or 5 times its weight in an index based only on free-float market capitalization, the value of shares that can trade. The index is rebuilt in Jun and Dec. The top 10 stocks on the average score are always included, and a member leaves if its rank falls below 50.
Index funds and ETFs
An index fund is bought from and sold back to the fund house at the day's NAV (net asset value, the worth of one unit). An ETF trades on the exchange instead. The funds on this page are index funds, shown for Direct and Regular plans.
Tracking difference and tracking error
Tracking difference is the fund's one-year return less the index's. Costs usually make it negative, so the figure nearest zero is closest. The after fee figure adds the year's average expense ratio back. Tracking error is how much daily returns differed from the index's, as a yearly figure. Funds are listed closest to the index first, then by lowest expense ratio.