Low-cost index

Cheapest way to track an index?

Ranked on expense ratio and tracking — a passive fund’s job is to be cheap and accurate.

363 funds in this group. Showing the top 100 by expense ratio — pick a sub-category below for the complete list.

Top 100 funds, ranked by expense ratio

#
1HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Growth PlanPlatinumIndex Funds0.09%+7.13%-0.1%₹2,239 Cr
2BANDHAN CRISIL IBX 90:10 SDL PLUS GILT - SEP27 INDEX FUND - DIRECT GROWTHSilverIndex Funds0.09%+6.14%+7.71%-0.4%₹143 Cr
3Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthGoldIndex Funds0.10%+6.89%-0.1%₹299 Cr
4Kotak CRISIL - IBX AAA Bond Financial Services Index Dec 2026 Fund - Direct - GrowthPlatinumIndex Funds0.10%+6.53%-0.2%₹108 Cr
5Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund - Direct Plan - GrowthBronzeIndex Funds0.10%+6.34%-0.2%₹137 Cr
6ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.11%+6.97%-0.1%₹510 Cr
7Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund-Direct-GrowthGoldIndex Funds0.12%+6.79%-0.1%₹319 Cr
8Aditya Birla Sun Life Crisil-IBX AAA NBFC-HFC Index-Sep 2026 Fund-Direct GrowthGoldIndex Funds0.14%+6.82%-0.1%₹128 Cr
9Aditya Birla Sun Life Crisil-IBX financial Services 3 to 6 months Debt Index Fund-Direct GrowthGoldIndex Funds0.15%+6.92%-0.1%₹2,571 Cr
10Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.15%+6.66%-0.1%₹116 Cr
11Nippon India Nifty AAA CPSE Bond Plus SDL - Apr 2027 Maturity 60:40 Index Fund - Direct Plan - Growth OptionBronzeIndex Funds0.15%+6.23%+7.52%-3.3%₹2,906 Cr
12Axis CRISIL IBX SDL May 2027 Index Fund - Direct Plan - GrowthSilverIndex Funds0.15%+6.17%+7.76%-3.6%₹1,862 Cr
13Axis CRISIL-IBX AAA Bond NBFC - Jun 2027 Index Fund - Direct Plan - Growth OptionPlatinumIndex Funds0.16%+6.58%-0.3%₹2,174 Cr
14Aditya Birla Sun Life Crisil-IBX Financial Services 9-12 Months Debt Index Fund-Direct GrowthPlatinumIndex Funds0.16%+6.36%-0.3%₹1,109 Cr
15Edelweiss CRISIL IBX AAA Financial Services - Jan 2028 Index Fund - Direct - GrowthSilverIndex Funds0.16%+6.32%-0.5%₹105 Cr
16HDFC Nifty G-Sec July 2031 Index Fund - Growth Option - Direct PlanSilverIndex Funds0.16%+6.32%+8.19%-2.2%₹638 Cr
17ICICI Prudential Nifty SDL Sep 2027 Index Fund - Direct Plan - GrowthPlatinumIndex Funds0.18%+6.09%+7.82%-3.8%₹1,456 Cr
18Kotak CRISIL -IBX AAA Financial Services Index Sep-2027 Fund-DIRECT PLAN-GROWTH OptionPlatinumIndex Funds0.19%+6.33%-0.4%₹481 Cr
19HDFC Nifty G-Sec Sep 2032 Index Fund - Growth Option - Direct PlanSilverIndex Funds0.19%+6.08%+8.06%-2.3%₹629 Cr
20BANDHAN CRISIL IBX GILT APRIL 2032 INDEX FUND - DIRECT GROWTHSilverIndex Funds0.20%+6.19%+7.88%-2.0%₹416 Cr
21HDFC Nifty G-Sec Jun 2036 Index Fund - Growth Option - Direct PlanBronzeIndex Funds0.20%+6.12%+7.82%-3.2%₹864 Cr
22Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund-Direct Plan-GrowthPlatinumIndex Funds0.20%+6.09%+7.70%-3.6%₹6,575 Cr
23Aditya Birla Sun Life Crisil IBX 60:40 SDL+AAA PSU-Apr 2027 Index Fund-Direct GrowthSilverIndex Funds0.21%+6.10%+7.56%-3.4%₹1,321 Cr
24Axis Nifty Next 50 Index Fund - Direct Plan - GrowthSilverIndex Funds0.22%+12.83%+18.40%-26.4%₹535 Cr
25Edelweiss Nifty Next 50 Index Fund - Direct Plan - GrowthSilverIndex Funds0.23%+12.75%+19.32%-26.4%₹295 Cr
Showing 25 of 100; sorting covers all of them.

Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 1 year(s) old, short-duration categories included. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.

Low-cost index — FAQs
What should I compare between two index funds on the same index?

Cost and tracking. Two funds following the same index hold the same securities, so the difference in what you receive comes from the expense ratio and from how closely the fund tracks the index — its tracking difference and tracking error.

Index fund or ETF?

An ETF trades on an exchange, needs a demat account, and its market price can differ slightly from NAV. An index fund is bought at NAV like any mutual fund and supports SIPs, usually at a marginally higher expense ratio.