Index Funds: Index Funds in India for 2019

Upwardly presents to you the best Index Funds India for 2019 – 2020.

UTI Nifty Index Fund

The Index Fund endeavours to replicate the underlying index of Nifty 50. It is passively managed fund that endeavours to minimize the return differential between the fund and the underlying index. With 3-year annualized returns of 16.68% and 5-year returns of 12.39%. These are 1 percentage points higher than the benchmark returns. And, 3 percentage points more than the category in the 5-year returns. A SIP worth ₹5,000 in this fund started 5 years ago is worth ₹4.09 lakhs now. Mr Kaushik Basu and Mr Sharwan Kumar Goyal are the fund managers.

HDFC Index Fund Nifty 50 Plan

An open-ended scheme replicating/tracking NIFTY 50 Index. The fund will be managed passively with investments in stocks in a proportion that is as close as possible to the weights of these stocks in the NIFTY 50 Index. The investment strategy would revolve around reducing the tracking error to the least possible through a regular rebalancing of the portfolio. By taking into account the change in weights of stocks in the Index as well as the incremental collections/redemptions. Over three years and five years, the fund has been ahead of its benchmark by 1 percentage point and ahead of its category by 0.5-1 percentage points. Also, a SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.08 lakhs now. Krishan Daga is the fund manager.

ICICI Prudential Nifty Next 50 Index Fund

The investment objective of the Nifty Index Fund is to invest in companies whose securities are included in Nifty Next 50 Index (the Index) and to endeavour to achieve the returns of the above index as closely as possible, though subject to tracking error. The fund will not seek to outperform the Nifty Next 50. Therefore, the objective is that the performance of the NAV of the Scheme should closely track the performance of the Nifty Next 50 over the same period subject to tracking error. Over three years and five years, the fund has been ahead of its benchmark by 1 percentage points. Compared to the category, it has managed 2-6 percentage point outperformance. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹3.91 lakhs now. Mr Kayzad Eghlim is the fund’s manager.

ICICI Prudential Nifty Index Fund

An open-ended index fund seeks to track the returns of the Nifty 50 through investments in a basket of stocks drawn from the constituents of the above index. The objective of the Nifty Index Fund is to invest in companies whose securities are included in Nifty and subject to tracking errors, to endeavour to achieve the returns of the above index as closely as possible.

This would be done by investing in almost all the stocks comprising the Nifty 50 in approximately the same weight that they represent in Nifty 50. The Plan will not seek to outperform the Nifty 50 or to underperform it. Therefore, the objective is that the performance of the NAV of the Plan should closely track the performance of the Nifty 50 over the same period. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.02 lakhs now. Mr Kayzad Eghlim is the fund’s manager.

SBI Nifty Index Fund

The Nifty Index Fund invests in stocks comprising the Nifty 50 index in the same proportion as their weightage in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks. Over three years and five years, the fund has been ahead of its benchmark by 1 percentage points. Compared to the category, it has managed 2-3 percentage point outperformance. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.03 lakhs now. Mr Raviprakash Sharma is the fund’s manager.

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