Nifty Healthcare index funds and ETFs
4 index funds and ETFs track the Nifty Healthcare Index, as each fund house reported for Sep 2026. Closest to the index over the year: ICICI Prudential Nifty Healthcare 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.
ETFs on the Nifty Healthcare Index
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.
ICICI Prudential Nifty Healthcare ETFICICI Prudential Mutual FundTracking difference−0.19%After fee−0.04%Tracking error0.02%Expense ratio0.16%Fund size, ₹ Cr231Premium or discount+0.07%
Aditya Birla Sun Life Nifty Healthcare ETFAditya Birla Sun Life Mutual FundTracking difference−0.23%After fee−0.04%Tracking error0.02%Expense ratio0.20%Fund size, ₹ Cr75Premium or discount−0.01%
DSP Nifty Healthcare ETFDSP Mutual FundTracking difference−0.27%After fee−0.03%Tracking error0.02%Expense ratio0.21%Fund size, ₹ Cr17Premium or discount+0.05%
Axis Nifty Healthcare ETFAxis Mutual FundTracking difference−0.43%After fee−0.03%Tracking error0.02%Expense ratio0.44%Fund size, ₹ Cr24Premium or discount+0.06%
About Nifty Healthcare index funds and ETFs
Nifty Healthcare index funds and ETFs are funds that copy the Nifty Healthcare Index, which holds at most 20 healthcare companies from the Nifty 500 and is maintained by NSE Indices, so that their return follows the index less costs.
What the Nifty Healthcare Index covers
It selects the 20 largest healthcare companies by free-float market capitalisation, the value of the shares available for trading. Stocks with futures and options contracts take priority. At each rebalancing no single stock can weigh more than 33%, and the top 3 together no more than 62%.
Membership is reviewed twice a year, with changes from the last trading day of Mar and Sep. The base date is 1 Apr 2005 at 1000, and the index launched on 18 Nov 2020.
Sector index funds
A fund on one sector index holds a narrow set of companies, so its return follows that group alone, and with weight caps as high as 33% a few large companies can carry much of the fund.
How the funds follow it
The funds on this index are ETFs: they hold the index basket and trade on the exchange through the day at a price that can differ from their NAV (net asset value, the value of one unit of the fund).
Tracking difference and tracking error
Tracking difference is the fund's one-year return minus the index's return. Costs usually pull it below zero. The After fee column adds the year's average expense ratio back, showing the gap the fee does not explain. Tracking error is how far daily returns differed from the index's, as a yearly figure.
The table sorts by tracking difference nearest zero, then by lowest expense ratio.
Expense ratio, fund size and premium
The expense ratio is the annual charge as a share of money invested, taken out of NAV daily, so returns shown are net of it. Fund size is assets under management at month end across all plans. For ETFs, premium or discount is the median, across the month's trading days, of each day's close divided by that day's NAV, less one. Above zero is a premium, below zero a discount.