Top index funds with lowest tracking error
5paisa Research Team
9th December 2022 - 12:30 am
Expense ratio and tracking error are the two most important parameters for selecting index funds. Here is the list of top index funds having the lowest tracking error.
Index funds these days are gaining a lot of traction from investors. This can be very well attributed to the consistent underperformance of actively managed large-cap funds to their benchmark indices. As per the S&P Indices versus Active Funds (SPIVA) India scorecard for H1 FY22, 68.97%, 80%, 72.84% and 65.19% of the actively managed large-cap funds underperformed S&P BSE 100 in 1-year, 3-year, 5-year and 10-year period respectively.
Moreover, in the last one year, we have seen almost 162% growth in the assets under management (AUM) of index funds. Last year in November, there was a net outflow of Rs 222.58 crore in index funds, whereas in October 2021 we can see net inflows to the tune of Rs 3,514.21 crore. Said that, while investing in index funds, there are two most important parameters that investors need to check, which is tracking error and expense ratio.
Here is the list of the top 10 index funds with the lowest tracking error.
|
Name |
Expense Ratio (%) |
Tracking Error (%) |
AUM (in Rs Cr) |
NAV (Rs) |
Benchmark |
|
HDFC Index Fund – Sensex Plan |
0.20 |
0.06 |
2,800 |
521.68 |
S&P BSE Sensex TRI |
|
SBI Nifty Index Fund |
0.17 |
0.10 |
1,530 |
152.29 |
Nifty 50 TRI |
|
HDFC Index Fund-NIFTY 50 Plan |
0.20 |
0.10 |
4,100 |
159.41 |
Nifty 50 TRI |
|
UTI Nifty Index Fund |
0.20 |
0.11 |
5,380 |
114.46 |
Nifty 50 TRI |
|
Nippon India Index Fund – Sensex Plan |
0.15 |
0.12 |
202 |
29.63 |
S&P BSE Sensex TRI |
|
DSP Nifty 50 Index Fund |
0.21 |
0.13 |
122 |
15.36 |
Nifty 50 TRI |
|
ICICI Prudential Nifty Next 50 Index Fund |
0.30 |
0.13 |
1,660 |
38.59 |
Nifty Next 50 TRI |
|
ICICI Prudential Nifty Index Fund |
0.17 |
0.14 |
2,250 |
172.33 |
Nifty 50 TRI |
|
IDFC Nifty Fund |
0.16 |
0.15 |
357 |
36.30 |
Nifty 50 TRI |
|
LIC MF Index Fund – Sensex Plan |
0.60 |
0.15 |
45 |
111.01 |
S&P BSE Sensex TRI |
Trending on 5paisa
06
Tanushree Jaiswal
Discover more of what matters to you.