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Research done by Cafemutual shows that UTI Nifty 50 Index Fund, HDFC Index Fund Nifty 50 Plan and HDFC Index S&P BSE Sensex Fund are the three biggest index funds in the large cap space.
Among other index funds with assets of over Rs.2000 crore are ICICI Prudential Nifty 50 Index Fund, SBI Nifty Index Fund and ICICI Prudential Nifty Next 50 Index Fund.
While Motilal Oswal Nifty Midcap 150 Index Fund has the highest AUM in mid cap index space, Nippon India Nifty Smallcap 250 Index Fund tops the list in small cap index space.
In the debt segment, Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund, Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund and SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund are top three index funds.
Cafemutual Ready Reckoner Index Fund January 2023 captures details of 70 index funds across categories - large cap (41), mid cap (5), small cap (4), flexi cap (1), debt (11), thematic (2), factor (4) and international (2). Click here to know more.
Here is the list of the top three funds across categories
Large Cap:
UTI Nifty 50 Index Fund |
Rs. 9,735 crore |
HDFC Index Fund Nifty 50 Plan |
Rs. 7,638 crore |
HDFC Index S&P BSE Sensex Fund |
Rs. 4,320 crore |
Mid Cap:
Motilal Oswal Nifty Midcap 150 Index Fund |
Rs. 650 crore |
Nippon India Nifty Midcap 150 Index Fund |
Rs. 550 crore |
ICICI Prudential Nifty Midcap 150 Index Fund |
Rs. 101 crore |
Small Cap:
Nippon India Nifty Smallcap 250 Index Fund |
Rs. 395 crore |
Motilal Oswal Nifty Smallcap 250 Index Fund |
Rs.319 crore |
ICICI Prudential Nifty Smallcap 250 Index Fund |
Rs. 69 crore |
Debt:
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund |
Rs. 9,352 crore |
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund |
Rs. 9157 crore |
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund |
Rs. 9,137 crore |
Factor:
UTI Nifty200 Momentum 30 Index Fund |
Rs. 2,021 crore |
Nippon India Nifty 50 Value 20 Index Fund |
Rs. 274 crore |
Motilal Oswal Nifty 200 Momentum 30 Index Fund |
Rs. 118 crore |
Thematic:
Motilal Oswal Nifty Bank Index Fund |
Rs. 332 crore |
Navi Nifty Bank Index Fund |
Rs. 79 crore |
International:
Motilal Oswal S&P 500 Index Fund |
Rs. 2,560 crore |
Motilal Oswal MSCI EAFE Top 100 Select Index Fund |
Rs. 36 crore |
Flexi Cap:
Motilal Oswal Nifty 500 Index Fund |
Rs. 379 crore |