Nifty Next 50 index funds and ETFs
31 index funds and ETFs track the Nifty Next 50, as each fund house reported for Sep 2026. Closest to the index over the year: Aditya Birla Sunlife Nifty Next 50 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 Next 50
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty Next 50
LIC MF Nifty Next 50 Index FundLIC Mutual FundTracking difference−0.02%After fee+0.38%Tracking error0.35%Expense ratio0.32%Fund size, ₹ Cr109
Edelweiss Nifty Next 50 Index FundEdelweiss Mutual FundTracking difference−0.12%After fee+0.02%Tracking error0.15%Expense ratio0.20%Fund size, ₹ Cr295
Axis Nifty Next 50 Index FundAxis Mutual FundTracking difference−0.20%After fee−0.02%Tracking error0.08%Expense ratio0.21%Fund size, ₹ Cr530
JioBlackRock Nifty Next 50 Index FundJio BlackRock Mutual FundTracking difference−0.22%After fee+0.02%Tracking error0.16%Expense ratio0.37%Fund size, ₹ Cr220
Kotak Nifty Next 50 Index FundKotak Mahindra Mutual FundTracking difference−0.24%After fee−0.07%Tracking error0.09%Expense ratio0.24%Fund size, ₹ Cr1,280
Aditya Birla Sun Life Nifty Next 50 Index FundAditya Birla Sun Life Mutual FundTracking difference−0.26%After fee+0.13%Tracking error0.11%Expense ratio0.45%Fund size, ₹ Cr271
DSP Nifty Next 50 Index FundDSP Mutual FundTracking difference−0.29%After fee+0.03%Tracking error0.15%Expense ratio0.36%Fund size, ₹ Cr1,350
UTI Nifty Next 50 Index FundUTI Mutual FundTracking difference−0.30%After fee+0.09%Tracking error0.04%Expense ratio0.42%Fund size, ₹ Cr7,295
Navi Nifty Next 50 Index FundNavi Mutual FundTracking difference−0.32%After fee−0.12%Tracking error0.08%Expense ratio0.25%Fund size, ₹ Cr1,275
Bandhan Nifty Next 50 Index FundBandhan Mutual FundTracking difference−0.35%After fee−0.04%Tracking error0.07%Expense ratio0.37%Fund size, ₹ Cr35
SBI Nifty Next 50 Index FundSBI Mutual FundTracking difference−0.35%After fee−0.02%Tracking error0.05%Expense ratio0.37%Fund size, ₹ Cr2,318
Groww Nifty Next 50 Index FundGroww Mutual FundTracking difference+0.38%After fee+0.78%Tracking error0.17%Expense ratio0.47%Fund size, ₹ Cr11
Motilal Oswal Nifty Next 50 Index FundMotilal Oswal Mutual FundTracking difference−0.39%After fee−0.04%Tracking error0.13%Expense ratio0.40%Fund size, ₹ Cr509
HDFC Nifty Next 50 Index FundHDFC Mutual FundTracking difference−0.43%After fee−0.11%Tracking error0.05%Expense ratio0.35%Fund size, ₹ Cr2,620
ICICI Prudential Nifty Next 50 Index FundICICI Prudential Mutual FundTracking difference−0.50%After fee−0.16%Tracking error0.14%Expense ratio0.37%Fund size, ₹ Cr9,744
HSBC Nifty Next 50 Index FundHSBC Mutual FundTracking difference−0.65%After fee−0.28%Tracking error0.44%Expense ratio0.41%Fund size, ₹ Cr184
Bajaj Finserv Nifty Next 50 Index FundBajaj Finserv Mutual FundTracking difference−1.01%After fee−0.66%Tracking error0.28%Expense ratio0.41%Fund size, ₹ Cr29
Tata Nifty Next 50 Index FundTata Mutual FundTracking difference–After fee–Tracking error0.15%Expense ratio0.31%Fund size, ₹ Cr–
Choice Nifty Next 50 Index FundChoice Mutual FundTracking difference–After fee–Tracking error0.41%Expense ratio0.75%Fund size, ₹ Cr20
ETFs on the Nifty Next 50
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.
- Aditya Birla Sunlife Nifty Next 50 ETFAditya Birla Sun Life Mutual FundTracking difference−0.01%After fee+0.09%Tracking error0.07%Expense ratio0.14%Fund size, ₹ Cr53Premium or discount+0.13%
- UTI Nifty Next 50 Exchange Traded FundUTI Mutual FundTracking difference−0.04%After fee+0.12%Tracking error0.06%Expense ratio0.18%Fund size, ₹ Cr2,197Premium or discount+0.10%
Mirae Asset Nifty Next 50 ETFMirae Asset Mutual FundTracking difference−0.06%After fee+0.03%Tracking error0.06%Expense ratio0.14%Fund size, ₹ Cr1,441Premium or discount+0.03%- SBI Nifty Next 50 ETFSBI Mutual FundTracking difference−0.07%After fee+0.06%Tracking error0.05%Expense ratio0.15%Fund size, ₹ Cr2,911Premium or discount+0.20%
Nippon India ETF Nifty Next 50 Junior BeESNippon India Mutual FundTracking difference−0.13%After fee+0.06%Tracking error0.07%Expense ratio0.22%Fund size, ₹ Cr8,654Premium or discount+0.12%- ICICI Prudential Nifty Next 50 ETFICICI Prudential Mutual FundTracking difference−0.21%After fee−0.09%Tracking error0.14%Expense ratio0.15%Fund size, ₹ Cr2,612Premium or discount+0.19%
- Groww Nifty Next 50 ETFGroww Mutual FundTracking difference+0.23%After fee+0.57%Tracking error0.15%Expense ratio0.38%Fund size, ₹ Cr9Premium or discount+0.15%
- HDFC Nifty Next 50 ETFHDFC Mutual FundTracking difference−0.27%After fee−0.06%Tracking error0.07%Expense ratio0.21%Fund size, ₹ Cr157Premium or discount+0.16%
- Motilal Oswal Nifty Next 50 ETFMotilal Oswal Mutual FundTracking difference−0.27%After fee+0.29%Tracking error0.12%Expense ratio0.94%Fund size, ₹ Cr16Premium or discount+0.19%
- Kotak Nifty Next 50 ETFKotak Mahindra Mutual FundTracking difference–After fee–Tracking error0.17%Expense ratio0.11%Fund size, ₹ Cr21Premium or discount+0.21%
- DSP Nifty Next 50 ETFDSP Mutual FundTracking difference–After fee–Tracking error0.12%Expense ratio0.23%Fund size, ₹ Cr10Premium or discount+0.23%
- Edelweiss Nifty Next 50 ETFEdelweiss Mutual FundTracking difference–After fee–Tracking error1.35%Expense ratio0.54%Fund size, ₹ Cr8Premium or discount+0.25%
About Nifty Next 50 index funds and ETFs
Nifty Next 50 index funds and ETFs are mutual fund schemes that hold the 50 stocks of the Nifty Next 50, the index of the next 50 large NSE companies after the Nifty 50. Each aims to return what the index returns, less costs.
The index
The Nifty Next 50 is maintained by NSE Indices. It is made of the companies in the Nifty 100 that are not in the Nifty 50. Its base date is 4 Nov 1996 with a base value of 1,000, and it was launched on 24 Dec 1996.
Weighting and review
The index is weighted by free-float market capitalisation: the market value of the shares available for trading. Stocks outside the futures and options segment are capped at 4.5% each and 10% together. The index is rebalanced twice a year, using data to 31 Jan and 31 Jul; funds trade to follow each change.
Tracking difference and tracking error
Tracking difference is the fund's return minus the index's return over the year to the month's end. Costs usually make it negative. After fee tracking difference adds back the year's average expense ratio, which leaves the gap that costs do not explain.
Tracking error is a yearly figure for how far the fund's daily returns moved apart from the index's.
Index funds and ETFs
An index fund is bought and redeemed at the day's NAV (net asset value, the price of one unit). An ETF is bought and sold on the exchange at a market price, which can differ from its NAV; the premium or discount column is the median, across the month's trading days, of each day's close divided by that day's NAV, less one.
This page lists both, sorted by closeness to the index, then by lowest expense ratio, with a Direct and Regular plan toggle. The expense ratio is charged daily against the NAV, so the returns shown already reflect it. Size is total assets across all plans at month end.