Contents
All Nifty 50 index funds compared
Largest fund first. Expense ratios are the total, including taxes and trading costs, as each fund house disclosed it to AMFI on 13 October 2026. Tracking difference is for the year to 1 September 2026.
| Fund | Expense ratio, direct | Expense ratio, regular | Tracking difference, 1 year (direct) | Tracking error (direct) | Average assets |
|---|---|---|---|---|---|
| UTI Nifty 50 Index FundUTI Mutual Fund | 0.25% | 0.37% | −0.17 | 0.02% | ₹29,285 cr |
| HDFC Nifty 50 Index FundHDFC Mutual Fund | 0.29% | 0.44% | −0.24 | 0.02% | ₹23,710 cr |
| ICICI Prudential Nifty 50 Index FundICICI Prudential Mutual Fund | 0.24% | 0.45% | −0.20 | 0.03% | ₹17,128 cr |
| SBI Nifty Index FundSBI Mutual Fund | 0.24% | 0.44% | −0.24 | 0.02% | ₹13,871 cr |
| Navi Nifty 50 Index FundNavi Mutual Fund | 0.10% | 0.34% | −0.08 | 0.03% | ₹4,095 cr |
| Nippon India Index Fund - Nifty 50 PlanNippon India Mutual Fund | 0.15% | 0.49% | −0.09 | 0.03% | ₹3,799 cr |
| Bandhan Nifty 50 Index FundBandhan Mutual Fund | 0.16% | 0.66% | −0.14 | 0.03% | ₹2,778 cr |
| Tata Nifty 50 Index FundTata Mutual Fund | 0.27% | 0.53% | −0.24 | 0.10% | ₹1,700 cr |
| Aditya Birla Sun Life Nifty 50 Index FundAditya Birla Sun Life Mutual Fund | 0.23% | 0.57% | −0.16 | 0.07% | ₹1,478 cr |
| Kotak Nifty 50 Index FundKotak Mahindra Mutual Fund | 0.13% | 0.39% | −0.08 | 0.06% | ₹1,156 cr |
| DSP Nifty 50 Index FundDSP Mutual Fund | 0.22% | 0.43% | −0.10 | 0.06% | ₹1,104 cr |
| Axis Nifty 50 Index FundAxis Mutual Fund | 0.17% | 0.48% | −0.12 | 0.04% | ₹1,024 cr |
| Motilal Oswal Nifty 50 Index FundMotilal Oswal Mutual Fund | 0.19% | 0.61% | −0.11 | 0.04% | ₹890 cr |
| Franklin India NSE Nifty 50 Index FundFranklin Templeton Mutual Fund | 0.31% | 0.67% | −0.15 | 0.12% | ₹712 cr |
| HSBC Nifty 50 Index FundHSBC Mutual Fund | 0.22% | 0.39% | −0.16 | 0.10% | ₹389 cr |
| LIC MF Nifty 50 Index FundLIC Mutual Fund | 0.56% | 1.06% | −0.54 | 0.11% | ₹365 cr |
| Edelweiss Nifty 50 Index FundEdelweiss Mutual Fund | 0.14% | 0.54% | −0.04 | 0.10% | ₹293 cr |
| JioBlackRock Nifty 50 Index FundJio BlackRock Mutual Fund | 0.22% | 0.66% | −0.10 | 0.10% | ₹271 cr |
| Mirae Asset Nifty 50 Index FundMirae Asset Mutual Fund | 0.24% | 0.84% | −0.20 | 0.06% | ₹72 cr |
| Zerodha Nifty 50 Index FundZerodha Mutual Fund | 0.28% | No regular plan | 0.00 | 0.16% | ₹70 cr |
| Baroda BNP Paribas Nifty 50 Index FundBaroda BNP Paribas Mutual Fund | 0.48% | 0.78% | −0.21 | 0.11% | ₹54 cr |
| Bajaj Finserv Nifty 50 Index FundBajaj Finserv Mutual Fund | 0.33% | 1.09% | −0.48 | 0.41% | ₹38 cr |
| Angel One Nifty 50 Index FundAngel One Mutual Fund | 0.25% | 0.75% | −0.23 | 0.05% | ₹33 cr |
| Groww Nifty 50 Index FundGroww Mutual Fund | 0.46% | 1.14% | +0.43 | 0.05% | ₹27 cr |
| Choice Nifty 50 Index FundChoice Mutual Fund | 0.68% | 0.98% | Under a year old | 0.16% | ₹16 cr |
| Taurus Nifty 50 Index FundTaurus Mutual Fund | 0.86% | 1.12% | −0.76 | 0.07% | ₹7 cr |
Expense ratio: total expense ratio, as disclosed on 13 October 2026. Tracking difference: the fund's return minus the Nifty 50 TRI's, in percentage points, as of 1 September 2026. Tracking error: annualised, as of 13 October 2026. Average assets: July–September 2026, all plans. All from AMFI. The order is by size; it is not a ranking or a recommendation.
Tracking difference over longer periods
One year can flatter or punish a fund. Over three and five years the gap to the index mostly reflects what the fund charges. Direct plans; figures are annualised percentage points, with a dash where the fund is too young.
| Fund | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|
| UTI Nifty 50 Index Fund | −0.17 | −0.23 | −0.24 | −0.29 |
| HDFC Nifty 50 Index Fund | −0.24 | −0.29 | −0.28 | −0.35 |
| ICICI Prudential Nifty 50 Index Fund | −0.20 | −0.28 | −0.27 | −0.42 |
| SBI Nifty Index Fund | −0.24 | −0.28 | −0.27 | −0.43 |
| Navi Nifty 50 Index Fund | −0.08 | −0.18 | −0.20 | – |
| Nippon India Index Fund - Nifty 50 Plan | −0.09 | −0.20 | −0.23 | −0.38 |
| Bandhan Nifty 50 Index Fund | −0.14 | −0.22 | −0.18 | −0.21 |
| Tata Nifty 50 Index Fund | −0.24 | −0.33 | −0.28 | −0.38 |
| Aditya Birla Sun Life Nifty 50 Index Fund | −0.16 | −0.25 | −0.29 | −0.65 |
| Kotak Nifty 50 Index Fund | −0.08 | −0.29 | −0.28 | – |
| DSP Nifty 50 Index Fund | −0.10 | −0.20 | −0.23 | – |
| Axis Nifty 50 Index Fund | −0.12 | −0.20 | – | – |
| Motilal Oswal Nifty 50 Index Fund | −0.11 | −0.19 | −0.20 | – |
| Franklin India NSE Nifty 50 Index Fund | −0.15 | −0.25 | −0.29 | −0.64 |
| HSBC Nifty 50 Index Fund | −0.16 | −0.25 | −0.24 | – |
| LIC MF Nifty 50 Index Fund | −0.54 | −0.42 | −0.39 | −0.59 |
| Edelweiss Nifty 50 Index Fund | −0.04 | −0.22 | – | – |
| JioBlackRock Nifty 50 Index Fund | −0.10 | – | – | – |
| Mirae Asset Nifty 50 Index Fund | −0.20 | – | – | – |
| Zerodha Nifty 50 Index Fund | 0.00 | – | – | – |
| Baroda BNP Paribas Nifty 50 Index Fund | −0.21 | – | – | – |
| Bajaj Finserv Nifty 50 Index Fund | −0.48 | – | – | – |
| Angel One Nifty 50 Index Fund | −0.23 | – | – | – |
| Groww Nifty 50 Index Fund | +0.43 | – | – | – |
| Choice Nifty 50 Index Fund | – | – | – | – |
| Taurus Nifty 50 Index Fund | −0.76 | −0.98 | −0.87 | −0.61 |
How to compare Nifty 50 index funds
Every Nifty 50 index fund buys the same 50 companies in the same proportions. Unlike active funds, there is no stock picking to compare, so four things decide which fund serves you better.
1. Expense ratio
The expense ratio comes out of the fund every day, so it is the most predictable part of the gap between the fund and the index. Since April 2026 SEBI caps an index fund's base expense ratio at 0.90%; most Nifty 50 funds charge far less. Compare the direct plan's total expense ratio, which includes taxes and trading costs. How the expense ratio works.
2. Tracking difference
Tracking difference is the fund's return minus the index's, usually negative by about the expense ratio. It is what you actually gave up against the index. A fund that trails by much more than its expense ratio is losing return somewhere else, for example to cash it holds or to trading costs.
3. Tracking error
Tracking error measures how much the fund's daily gap to the index varies. Lower is steadier. It does not show the size of the gap, which is why tracking difference matters more over long periods.
4. Size and plan
Very small funds can track less closely, because money coming in and going out is large relative to the fund. And whichever fund you choose, the direct plan holds the same portfolio for less: across these funds, the regular plan cost a median 0.31 percentage points more a year. See direct vs regular plans.
Index fund or ETF?
A Nifty 50 ETF holds the same companies but trades on the stock exchange. You buy it through a demat account during market hours, and its price can differ slightly from its NAV depending on how much it trades. An index fund is bought and sold at the day's NAV through the fund house, needs no demat account and suits a monthly SIP. ETFs often have lower expense ratios; index funds are simpler to hold.
Is a Nifty 50 index fund enough?
A Nifty 50 fund gives you India's 50 largest listed companies, weighted by size, so a few large banks and IT companies make up much of it. It holds no mid-sized or small companies, no bonds and no gold. Whether it should be most of your portfolio or one part of it depends on your goals and how long you can stay invested. If you already hold large-cap or flexi-cap funds, check how many funds you hold in each category before adding another.
Questions people ask
As of 13 October 2026, the lowest direct-plan total expense ratio was 0.10%, for Navi Nifty 50 Index Fund. 4 of the 26 funds charged 0.15% or less on the direct plan, and the median was 0.24%. Expense ratios change; check the fund house's website before investing.
Tracking difference is how far the fund's return was from the index's over a period, mostly because of the expense ratio. Tracking error is how much that gap varied from day to day. A fund can have a small tracking error and still trail the index every year by its costs, so look at both.
They carry the full market risk of the 50 companies in the index. An index fund removes the risk of a fund manager doing worse than the index, not the risk of the index itself falling.
Size alone does not decide it. Compare the expense ratio and the tracking difference first. Size matters at the edges: very small funds can track the index less closely, because money coming in and going out is large relative to the fund.
An index fund is bought and sold at the day's NAV through the fund house, suits SIPs and needs no demat account. An ETF trades on the stock exchange during market hours, needs a demat account, and its price can differ slightly from its NAV depending on trading volume.
Related
This page is educational research based on AMFI data. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past tracking does not guarantee future tracking. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.