If you are looking for a complete list of Index Funds in India (2021), then here it is. You will find a listing of all the major index funds tracking Indian indexes like Nifty 50, Nifty Next 50, Sensex, etc.
Do note that this is just a list of index funds available in India. If you know how to choose an index fund for investing, then you can easily choose one (or as many as your require) from this updated list of index funds below. Else, you can opt for Stable Investor Model Funds to get mutual fund recommendations in various fund categories.
So here are the index funds available in India.
List of Index Funds in India (Updated 2021-22)
Different index funds track different indexes. Below is a listing of index funds tracking the major Indian indices like Nifty50, Nifty Next50, Sensex, Nifty100, Nifty500, etc.
- HDFC Index Fund-NIFTY 50 Plan – (Tracks Nifty50)
- UTI Nifty Index Fund – (Tracks Nifty50)
- ICICI Pru Nifty Index Fund – (Tracks Nifty50)
- SBI Nifty Index Fund – (Tracks Nifty50)
- Aditya Birla SL Index Fund – (Tracks Nifty50)
- Franklin India Index Fund-NSE Nifty – (Tracks Nifty50)
- LIC MF Index Fund-Nifty Plan – (Tracks Nifty50)
- Tata Index Fund-Nifty Plan – (Tracks Nifty50)
- IDFC Nifty Fund – (Tracks Nifty50)
- IDBI Nifty Index Fund – (Tracks Nifty50)
- Nippon India Index Fund Nifty Plan – (Tracks Nifty50)
- DSP NIFTY 50 Index Fund – (Tracks Nifty50)
- Motilal Oswal Nifty 50 Index Fund – (Tracks Nifty50)
- L&T Nifty 50 Index Fund – (Tracks Nifty50)
- Kotak Nifty 50 Index Fund – (Tracks Nifty50)
- ICICI Pru Nifty Next 50 Index Fund – (Tracks Nifty Next 50)
- UTI Nifty Next 50 Index Fund – (Tracks Nifty Next 50)
- IDBI Nifty Junior Index Fund – (Tracks Nifty Next 50)
- L&T Nifty Next 50 Index Fund – (Tracks Nifty Next 50)
- DSP NIFTY Next 50 Index Fund – (Tracks Nifty Next 50)
- Motilal Oswal Nifty Next 50 Index Fund – (Tracks Nifty Next 50)
- HDFC Index Fund-Sensex(G) – (Tracks Sensex)
- LIC MF Index Fund-Sensex Plan – (Tracks Sensex)
- Tata Index Fund-Sensex Plan – (Tracks Sensex)
- Nippon India Index Fund Sensex Plan – (Tracks Sensex)
- ICICI Pru Sensex Index Fund – (Tracks Sensex)
- Axis Nifty 100 Index Fund – (Tracks Nifty 100)
- Motilal Oswal Nifty 500 Fund – (Tracks Nifty 500)
- Motilal Oswal Nifty Midcap 150 Index Fund – (Tracks Nifty Midcap 150)
- Motilal Oswal Nifty Smallcap 250 Index Fund – (Tracks Nifty Smallcap 250)
- Motilal Oswal Nifty Bank Index Fund – (Tracks Nifty Bank index)
- DSP Equal Nifty 50 Fund – (Tracks Nifty 50 equal-weighted index)
- Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund – (Tracks Nifty 50 equal-weighted index)
- Principal Nifty 100 Equal Weight Fund – (Tracks Nifty 100 equal-weighted index)
- Sundaram Smart NIFTY 100 Equal Weight Fund – (Tracks Nifty 100 equal-weighted index)
Note – You can also check the listing of index funds on the NSE site (link).
Please do note that this is not a list of recommendations. It is also not sorted using any criteria and hence, is just a simple list of index funds in India 2021-22.
To pick the right index funds, you first need to understand which indices are suitable for you. To know more about various indexes available these days, please check Different Nifty Indexes in India.
And in case you are wondering which index to choose to pick the index funds, then do read Choosing between Nifty Vs Sensex for index funds.
By the way, not all indices have index funds tracking them. And rightly so to be honest. Index funds are there for you to take a well-diversified exposure to stocks from various sectors. It is for this reason that one can avoid investing in sector funds and in index funds tracking a particular sector or thematic Index Funds. When picking index funds, it is always best to stick to Index Funds tracking broad market indices.
And for the sake of completeness, let me give a brief refresher on index fund basics for you. You can skip this part if you understand index funds well.
An index fund is an equity mutual fund that simply mirrors the portfolio of an underlying index. Index funds are not actively managed funds, i.e. fund managers do not take active decisions about which stocks to buy and which to sell, how much to buy and how much to sell. They simply replicate the stocks and weightages of the index being tracked.
So for example – Suppose you invest in HDFC Index Fund-NIFTY 50 Plan, which is a popular index fund tracking the index Nifty50. Now the fund manager of this fund will ensure that the portfolio of the index fund has all the stocks that are part of the index Nifty 50. That too in the same ratio (weightages) as it’s there in the index. Or if you invest in ICICI Pru Nifty Next 50 Index Fund, which is another popular index fund tracking another different index Nifty Next 50, then you can be sure that the fund manager will ensure that the portfolio has all the stocks (in the same weights) that are part of the index Nifty Next 50.
As a result of this mirroring of the portfolio, the index funds typically deliver returns that are more or less equal to the benchmark. However, at times there will be a small difference in the performance of the index fund and the index. This is referred to as the tracking error – which each index fund manager tries to bring down as much as possible. You can read in more detail about the tracking error here.
This is what makes index funds different from active funds.
Active funds try to beat the index (benchmark). But index funds simply strive to match the performance of the underlying index (and not beat it).
In the active funds, the fund manager takes active overweight/ underweight positions on stocks and sectors based on his/ her view of what is right and wrong (of course within SEBI’s MF categories mandated guidelines). The aim here is to generate returns superior to the benchmarks.
I have written in detail about index funds vs large cap funds. You can read it to understand how and when you should pick index funds over actively managed funds.
I also (strongly) recommend that you please read about a new risk of concentration in indexes like Nifty50 Vs Sensex, which have now made index funds a lot more vulnerable. Index funds are good. But you need to know the facts too.
By the way, if you are looking for the Best Index Funds to invest in or for Top 5 index funds in India, I would say that there is not much to choose from. Keep things simple when investing in index funds. If you have to pick an index fund tracking large-cap stocks, don’t be too obsessed with technicalities. Keep it simple. Pick funds with a large AUM of reputed AMC, having reasonably low expenses and decently low tracking error. That’s it. Don’t try to optimize this selection too much. It won’t help much. And don’t run after the cheapest index fund in India. Low cost is not everything.
I hope you found this complete list of Index Funds in India (2021-22) useful. If you are planning to invest in passive funds tracking Indian stock market index, then you can use this list to easily choose your Index Funds for investing in 2021-22.