Nifty Smallcap 50 index funds and ETFs
3 index funds and ETFs track the Nifty Smallcap 50, as each fund house reported for Sep 2026. Closest to the index over the year: Axis Nifty Smallcap 50 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 Smallcap 50
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty Smallcap 50
Axis Nifty Smallcap 50 Index FundAxis Mutual FundTracking difference−0.77%After fee−0.47%Tracking error0.25%Expense ratio0.34%Fund size, ₹ Cr779
Aditya Birla Sun Life Nifty Smallcap 50 Index FundAditya Birla Sun Life Mutual FundTracking difference−0.81%After fee−0.28%Tracking error0.22%Expense ratio0.57%Fund size, ₹ Cr364
Kotak Nifty Smallcap 50 Index FundKotak Mahindra Mutual FundTracking difference−1.23%After fee−0.94%Tracking error0.42%Expense ratio0.34%Fund size, ₹ Cr260
About Nifty Smallcap 50 index funds and ETFs
Nifty Smallcap 50 index funds and ETFs are funds that hold the 50 smallcap companies of the Nifty Smallcap 50, the index maintained by NSE Indices, so that their return follows the index less costs.
What the Nifty Smallcap 50 is
The Nifty Smallcap 50 was launched on 1 Apr 2016, with a base date of 1 Apr 2005 and a base value of 1,000. It is weighted by free-float market capitalisation: each company counts by the value of its shares available for trading. Its parent, the Nifty Smallcap 250, holds the companies ranked 251 to 500 in the Nifty 500.
How companies are chosen
A company must rank in the top 150 of the Nifty Smallcap 250 on both average daily full market capitalisation and average daily turnover over the previous six months. From that group, the 50 with the largest six month average free-float market capitalisation are picked. The index is reviewed twice a year on data for six months ending Jan and Jul, and changes take effect from the last trading day of Mar and Sep.
Funds on this page
This page lists the index funds that track this index, with a Direct plan and Regular plan view. Funds are ordered nearest the index first, then by lowest expense ratio.
Tracking difference and tracking error
Tracking difference is how far the fund's return over the year fell short of, or exceeded, the index's; costs usually keep it below zero. The After fee column adds back the year's average expense ratio, leaving the gap from other causes. Tracking error is the yearly measure of how much daily returns differed.
Expense ratio and fund size
The expense ratio is the annual charge as a share of money invested, taken out of NAV (net asset value, the value of one unit) daily, so the returns shown are net of it. Fund size is assets under management at month end across all plans.