List of top Nifty Index Funds and ETFs

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
Franklin India Index Fund – NSE Nifty Plan – Growth	14.69	134.71	1%
UTI Nifty Index Fund – Growth	14.33	186.9	1.50%
Tata Index Fund – NIFTY – Option A	14.12	8.98	1.50%
HDFC Index Fund – Nifty Plan	13.55	68.8	1.00%
Nifty Benchmark Exchange Traded Scheme – Nifty BeES	15.39	652.21	0.50%
LIC Index Fund – Nifty Plan	13.15	30.85	1.16%
IDBI Nifty Index Fund – Growth	-	134.93	1.50%
Taurus Nifty Index Fund – Growth	-	1.32	1.50%
Reliance Index Fund – Nifty Plan – Growth	-	62.45	0.40%
ICICI Prudential Index Fund	-	90.36	1.50%
Quantum Index	15.4	1.53	0.50%
Canara Robeco Index	14.86	4.47	1%
Principal Index	14.15	15.76	1%
Birla Sunlife Index	-	7.08
IDFC Index Fund	-	10.92	0.25
Kotak NiftyÂ	-	106.91	0.5
ING Nifty Plus Fund – Growth	-	-	-
Magnum Index	-	-	-