Quantum Index Fund ETF & Goldman Sachs
Nifty BeES ETF are one of the best Index fund ETFs available in market with
lowest expense ratio of 0.5% where as there are various other Index ETFs in
market with expense ratio 1%-1.75%. Always look for expense ratio before you
invest in Index ETF and use SIP strategy. More about this in Simplify Investing eBook.
Below is the analysis and comprehensive list:
I started researching Nifty ETFs and mutual
funds in India, and found that there were indeed quite a few. Goldman Sachs
Nifty ETF is by far the biggest one in them at assets under management of about
Rs. 650 crores or Rs. 6.5 billion, and that also shows that Index funds or
Index ETFs have not really caught on in India.
In fact some Nifty index funds are really
struggling with the Quantum Index fund and Taurus Index Nifty fund managing
funds of just over a crore.
The competition in this space is quite intense
and that has led to lowering of costs but I still see a lot of index funds
charging over a percent and there is really no reason to opt for them at all.
Here is a chart that shows their returns for
the last 3 years.
As you can see Goldman Sachs Nifty Index Fund
is ahead by a big margin, but if you look at the returns of these funds then
you will see that the returns are not that different because all of them track
the same index and are invested similarly. Quantum did the best, and Goldman
Sachs Nifty BeeS came a close second. When you compare the returns data with
the volumes data – GS Nifty BeeS comes out to be a pretty good option in this space.
The only other thing of interest in these
index funds and ETFs are the expense ratio, and instead of a separate chart – I
will include it here in this table that has all of the above data as well.
|
Mutual Fund
|
3 Year Return
|
AUM (In Rs. Crores)
|
Expense Ratio
|
|
|
14.69
|
134.71
|
1%
|
|
|
14.33
|
186.9
|
1.50%
|
|
|
14.12
|
8.98
|
1.50%
|
|
|
13.55
|
68.8
|
1.00%
|
|
|
15.39
|
652.21
|
0.50%
|
|
|
13.15
|
30.85
|
1.16%
|
|
|
-
|
134.93
|
1.50%
|
|
|
-
|
1.32
|
1.50%
|
|
|
-
|
62.45
|
0.40%
|
|
|
-
|
90.36
|
1.50%
|
|
|
15.4
|
1.53
|
0.50%
|
|
|
14.86
|
4.47
|
1%
|
|
|
14.15
|
15.76
|
1%
|
|
|
-
|
7.08
|
|
|
|
-
|
10.92
|
0.25
|
|
|
-
|
106.91
|
0.5
|
|
ING Nifty Plus Fund – Growth
|
-
|
-
|
-
|
|
Magnum Index
|
-
|
-
|
-
|
