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Cafemutual has awarded mutual fund companies for their exceptional performance at the Cafemutual Passives Conference on May 23 at Taj Santacruz, Mumbai.
Dhirendra Kumar, CEO, Value Research and Prem Khatri, Founder and CEO, Cafemutual have felicitated the winners.
Cafemutual Passives awards aim to improve the industry standards and bring to spotlight the potential of passives.
Team Cafemutual has carefully reviewed existing passives funds to declare awards across 27 passive fund categories based on various parameters like tracking error, tracking difference and impact cost. We have shortlisted the best performing scheme based on the following parameters:
• Analyzed 369 schemes across various categories of index funds and ETFs – 195 index funds and 174 ETFs
• These schemes have a track record of at least 1 year
• Each category has at least 5 schemes
• Team Cafemutual shortlisted the best performing index funds based on two parameters – tracking error and tracking difference with 50% weightage to each component
• For ETFs, shortlisting was based on four parameters – tracking error, tracking difference, one year average trading volume and impact cost. Each parameter contributes 25% to the final score
Cafemutual has shortlisted 27 schemes based on their performance. These schemes include 12 index funds across 6 categories and 15 ETFs across 7 categories.
In addition, Cafemutual has announced a special award for an AMC that has brought innovation by launching a new category of debt index fund last year.
Here is the list of the winners for Cafemutual Passives Awards 2025:
| ETFs | |
| Category | Winner |
| Large Cap ETFs | Nippon India ETF Nifty 50 BeES |
| Mid Cap ETFs | Motilal Oswal Nifty Midcap 100 ETF and Mirae Asset Nifty Midcap 150 ETF |
| Sectoral/Thematic ETFs | Nippon India CPSE ETF, ICICI Prudential Nifty Bank ETF, Nippon India Nifty IT ETF, ICICI Prudential Nifty Private Bank ETF and ICICI Prudential Nifty Healthcare ETF |
| Factor/Smart Beta ETFs | ICICI Prudential Nifty 100 Low Volatility 30 ETF, ICICI Prudential Nifty 200 Quality 30 ETF and ICICI Prudential Nifty Alpha Low Volatility 30 ETF |
| Debt - Constant Maturity ETFs | Nippon India ETF Nifty 8-13 yr G-Sec Long Term Gilt |
| Gold ETFs | ICICI Prudential Gold ETF |
| Silver ETFs | ICICI Prudential Silver ETF |
| Target Maturity ETFs | Edelweiss Bharat Bond ETF - April 2030 |
| Index funds | |
| Category | Winner |
| Large Cap Index Funds | UTI Nifty 50 Index Fund |
| Mid Cap Index Funds | Motilal Oswal Nifty Midcap 150 Index Fund |
| Small Cap Index Funds | SBI Nifty Smallcap 250 Index Fund |
| Sectoral/Thematic Index Funds | UTI BSE Housing Index Fund, Navi Nifty Bank Index Fund and |
| ICICI Prudential Nifty IT Index Fund | |
| Factor/Smart Beta Index Funds | UTI Nifty Midcap 150 Quality 50 Index Fund, HDFC Nifty 50 Equal Weight Index Fund, Edelweiss Nifty Alpha Low Volatility 30 Index Fund and UTI Nifty 200 Momentum 30 Index Fund |
| Target Maturity Index Funds | HDFC Nifty G-Sec June 2027 Index Fund and Axis Crisil IBX 70:30 CPSE Plus SDL April 2025 Index Fund |
| Others | |
| Category | Winner |
| Innovator | Aditya Birla Sun Life AMC |
Finally, Aditya Birla Sun Life Mutual has won the best innovator award during the Cafemutual Passives Conference 2025.