Nifty Index Mutual Funds

by Manshu on May 4, 2010

in Mutual Funds

I wrote about the IDBI Nifty Index Fund yesterday and thought I should start making a list of all Index mutual funds in India. I started with Index mutual funds tracking the Nifty simply because that is where I left yesterday. So, here is a list of all the Nifty Index Mutual Funds that I could find.

I have taken all the numbers from Value Research, and that link will also you the entire list of all index funds in India along with their launch date, rating, risk grade and other cool stuff.

Notice that all funds trail Nifty itself because they have to incur costs, and keep some cash in reserves for redemptions and such.

Index Fund 1 Year Returns Expense Ratio
Quantum Index 40.45 0.75
Franklin India NSE Nifty 40.42 1
ICICI Pru Index Fund Retail 39.93 1.5
Magnum Index 39.92 1.5
Nifty Benchmark ETS 39.82 0.5
Canara Robeco Nifty Index 39.7 1
Tata Index Nifty A 39.7 1.5
UTI Nifty Index 39.64 1.5
Principal Index 39.53 0.79
Birla Sun Life Index 39.52 1.5
HDFC Index Nifty 37.27 1
LIC MF Index Nifty 36.23 1.23
IDFC Nifty
Kotak Nifty ETF 0.5
IDBI Nifty Index Fund 1.5
Nifty 42.93
Index Fund    1 Year Returns    Expense Ratio
Quantum Index    40.45    0.75
Franklin India NSE Nifty    40.42    1
ICICI Pru Index Fund Retail    39.93    1.5
Magnum Index    39.92    1.5
Nifty Benchmark ETS    39.82    0.5
Canara Robeco Nifty Index    39.7    1
Tata Index Nifty A    39.7    1.5
UTI Nifty Index    39.64    1.5
Principal Index    39.53    0.79
Birla Sun Life Index    39.52    1.5
HDFC Index Nifty    37.27    1
LIC MF Index Nifty    36.23    1.23
IDFC Nifty    -    –
Kotak Nifty ETF    -    0.5
IDBI Nifty Index Fund    -    1.5
Nifty        42.93

{ 10 comments… read them below or add one }

Indian Thoughts May 4, 2010 at 10:57 pm

This is a very useful post. Kind of one stop.
Thanks for compiling this information.

Reply

santosh kumar dubey May 20, 2010 at 12:33 am

apply form submit

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Nataraj March 31, 2011 at 8:01 am

Dear Manshu,

I would feel in a long term a index fund is far lower risk than a large cap mutual fund. look for a fund with low expenses and get locked for a long term….I am sure that this would give better returns…COMMENT

Reply

Manshu April 3, 2011 at 4:19 pm

This is true in the US, but if you look at the Indian space there are a large number of mutual funds that have beaten the index over longer periods like ten years or so.

Why this happens or if an investor can find a MF that can beat a fund for longer durations like 30 or 40 years I don’t know, but looking at the way things are right now – I’d say get exposure to an old fund with low expenses that has beaten the index along with a low cost index fund.

Reply

Anand June 13, 2011 at 4:52 pm

I kind of disagree with the comment on the 10-year period being construed ‘long’. This period is the beginning of the ‘golden growth’ era in India and we have had ‘few’ funds beat the index. Not as many did so in the 2007-2009 period.

One should really have Index fund as a reasonable part of their portfolio, averaging up and down with the market that will produce even superior returns. This must be supplemented with the other funds that ‘beat’ the market few times in the past decade (If I have to borrow the CML theory) . Such a portfolio will possibly beat several of us in the street!

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Manshu June 14, 2011 at 8:14 pm

I think there’s a very interesting contradiction in this observation. On one hand, index funds are favored, which means that a professional can’t beat the market, but on the other hand it is suggested that index funds be averaged up and down to produce “superior” returns.

Effectively, fund managers can’t beat the market, but an individual using a combination of index funds, and timing the market can beat the market 🙂

Reply

donisback October 11, 2011 at 2:52 pm

The expense ratio of Quantum Index fund is 0.5% according to http://www.quantumamc.com/SchemesNAV/index_fund.aspx .

Request you to to update the same. Also, which index fund should one invest in?

Reply

Manshu October 12, 2011 at 5:18 am

Thanks – the updated rate does show in my recent post and I’ll choose the GS Nifty BeeS for high volume and low costs – again discussed in the new post.

http://www.onemint.com/2011/10/11/comprehensive-list-of-nifty-index-funds-and-etfs/

Reply

rahul ghosh September 28, 2012 at 12:35 pm

in and ndex fund i can do an sip of 5k pm and get the exact number of shares (i.e. if i invest 5k when nifty is at 5300 i will get 9.4339 shares but with etf i can buy only 9 units). what effect will this have on the investment.

Reply

Manshu September 29, 2012 at 5:22 am

I would imagine that the change that’s left every month from the ETF purchase will be equal to one unit every few months and in the long run it shouldn’t matter at all. Anyone else thinks differently?

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