Analysis of top index funds reveal UTI Nifty 50 Index Fund as the largest with AUM of Rs. 18,345 crore.
An analysis done shows that UTI Nifty 50 Index Fund is the largest index fund with an AUM close to Rs.18,300 crore.
HDFC Index Fund Nifty 50 Plan and ICICI Prudential Nifty 50 Index Fund are the next two largest funds in the category with AUM of Rs 16,500 crore and Rs 9,800 crore, respectively.
Following is the top Highest Asset Under Management Index Funds of more than Rs 5000 crore
| Funds | AUM (in Rs. cr) | Expense ratio (%) | (%) Return 1 Year | Alpha |
| UTI Nifty 50 Index Fund | 18345.2 | 0.38 | 25.06 | 3.35 |
| HDFC Index Fund-NIFTY 50 Plan | 16592.3 | 0.36 | 25.05 | 3.35 |
| ICICI Prudential Nifty 50 Index Fund | 9800.4 | 0.35 | 25.05 | 3.33 |
| SBI Nifty Index Fund | 7940.9 | 0.48 | 24.9 | 3.18 |
| HDFC Index Fund-BSE Sensex | 7365.3 | 0.36 | 21.77 | 0.43 |
| UTI Nifty200 Momentum 30 Index Fund | 6971.4 | 0.92 | 61.98 | 29.64 |
| ICICI Prudential Nifty Next 50 Index Fund | 5844.9 | 0.66 | 62.54 | 29.58 |
Data as of July 25, 2024
UTI Nifty 50 Index Fund –
This scheme is managed by UTI Mutual Fund, an index fund launched on 06-03-2000. It is an open-ended equity scheme that benchmarks against the NIFTY 50 TRI. As of 31-05-2024, the fund has a Total Expense Ratio (TER) of 0.38%. As of 30-06-2024, the total assets under management are Rs 18,345.39 crore, with a turnover of 5% and no exit load. On 25-07-2024, the NAV was Rs 166.0378. The fund has achieved a Compound Annual Growth Rate (CAGR) of 12.2% since inception, compared to the benchmark’s 14.33%.
HDFC Index Fund-NIFTY 50 Plan
The scheme launched on 01-07-2002 by HDFC Mutual Fund, is an open-ended equity index fund benchmarked to NIFTY 50 TRI. The fund has a total asset value of Rs 16,592.53 crore as of 30-06-2024, with a turnover rate of 7.23%. The NAV as of 25-07-2024 is Rs 229.3948. The fund has a CAGR of 15.28% since inception, compared to the benchmark’s 14.33%. The TER is 0.36% as of 31-05-2024.
The ICICI Prudential Nifty 50 Index Fund
This fund is managed by ICICI Prudential Mutual Fund, is an equity index fund launched on February 26, 2002, benchmarked against NIFTY 50 TRI. As of June 30, 2024, it has a total expense ratio (TER) of 0.35% and total assets of Rs 9,796.7 crore. The fund has an 11% turnover rate. As of July 25, 2024, the NAV is Rs 243.3601. The compound annual growth rate (CAGR) since inception is 15.3%, compared to the benchmark’s 14.33%.
The SBI NIFTY Index Fund
The is managed by SBI Mutual Fund, is an open-ended equity index fund benchmarked against the NIFTY 50 TRI. It was launched on 04-02-2002 and has a total expense ratio (TER) of 0.48% as of 30-06-2024. As of 30-06-2024, the fund’s total assets are Rs 7,935.34 crore, with a turnover rate of 17%. The net asset value (NAV) as of 25-07-2024 is Rs 213.9523. The fund has achieved a compound annual growth rate (CAGR) of 14.75% since inception, compared to the benchmark’s 14.33%.
HDFC Index Fund – BSE Sensex Plan
HDFC Index Fund – BSE Sensex Plan is managed by HDFC Mutual Fund and was launched on 01-07-2002. The fund’s asset class is Equity and it benchmarks against the BSE Sensex. The Total Expense Ratio (TER) as of 30-06-2024 is 0.36%. As of 30-06-2024, the total assets under management are Rs. 7,364.3 crore, with a turnover rate of 6.26. As of 25-07-2024, the Net Asset Value (NAV) is Rs. 735.2239. The Compound Annual Growth Rate (CAGR) since inception is 15.21%, with the benchmark at 15.34%.
UTI Nifty 200 Momentum 30 Index Fund
Introduced and managed by UTI Mutual Fund. Launched on 10-03-2021, UTI Nifty 200 Momentum 30 Index Fund belongs to the equity asset class and tracks the Nifty 200 Momentum 30 TRI as its benchmark. The fund has a Total Expense Ratio (TER) of 0.92% as of 31-05-2024. The fund manages total assets worth Rs 6,971.63 crore as of 30-06-2024, with a turnover rate of 98%. The NAV as of 25-07-2024 is Rs 23.8479. The Compound Annual Growth Rate (CAGR) since inception is 29.61%, compared to the benchmark’s 21.54%.
ICICI Prudential Nifty Next 50 Index Fund
ICICI Prudential Nifty Next 50 Index Fund is an open-ended index fund from ICICI Prudential Mutual Fund, launched on 05-06-2010, with an equity asset class and benchmarked against the Nifty Next 50 TRI. As of 30-06-2024, the fund’s Total Expense Ratio (TER) is 0.66%, and it holds total assets worth Rs 5,830.79 crore with a turnover of 33%. As of 25-07-2024, the NAV is Rs 63.5006. The fund has a CAGR of 14.02% since inception, while the benchmark has a CAGR of 21.99%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
