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An analysis done by Cafemutual shows that Axis Nifty 100 Index Fund has the highest distributable TER of over 0.85% among the large cap index funds. LIC Nifty 50 Index Fund and LIC S&P BSE Sensex Index Fund are the next two in the list with distributable TER of 0.81% and 0.70%, respectively.
Interestingly, Navi Nifty Midcap 150 Index Fund has the highest distributable TER of 0.89% across all fund categories and mid cap category. In the small cap space, Axis Nifty Smallcap 50 Index Fund has the highest distributable TER of 0.75%.
In the factor category, Edelweiss Nifty 100 Quality 30 Index Fund leads the list with a distributable TER of 0.77%.
In the thematic index space, ICICI Prudential Nifty Bank Index Fund and Motilal Oswal Nifty Bank Index Fund are on top with highest distributable TER of 0.80%.
Distributable TER is the difference between regular plan TER and direct plan TER. It indicates the leeway that the fund houses have to pay trail commission.
We have analyzed index funds having history of at least one year. Cafemutual Ready Reckoner Index Fund March 2023 captures details of 83 index funds across categories - large cap (45), mid cap (6), small cap (5), multi cap (1), debt (14), thematic (3), factor (5) and international (4). Click here to know more.
Here are the top 10 index funds with the highest distributable TER across categories.
Large cap
|
Scheme |
Distributable TER % |
|
Axis Nifty 100 Index Fund |
0.85 |
|
LIC MF Nifty 50 Index Fund |
0.81 |
|
LIC MF S&P BSE Sensex Index Fund |
0.70 |
|
Aditya Birla Sun Life Nifty Next 50 Index Fund |
0.68 |
|
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund |
0.67 |
|
HDFC NIFTY50 Equal Weight Index Fund Motilal Oswal Nifty Next 50 Index Fund |
0.65 |
|
Axis Nifty Next 50 Index Fund HDFC NIFTY 100 Equal Weight Index Fund Nippon India Index S&P BSE Sensex
|
0.60 |
Mid cap
|
Scheme |
Distributable TER % |
|
Navi Nifty Midcap 150 Index Fund |
0.89 |
|
ICICI Prudential Nifty Midcap 150 Index Fund Motilal Oswal Nifty Midcap 150 Index Fund |
0.80 |
|
Aditya Birla Sun Life Nifty Midcap 150 Index Fund |
0.73 |
|
Edelweiss NIFTY Large Mid Cap 250 Index Fund |
0.65 |
|
Nippon India Nifty Midcap 150 Index Fund |
0.60 |
Small cap
|
Scheme |
Distributable TER % |
|
Axis Nifty Smallcap 50 Index Fund |
0.75 |
|
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund |
0.73 |
|
Motilal Oswal Nifty Smallcap 250 Index Fund |
0.72 |
|
Nippon India Nifty Smallcap 250 Index Fund |
0.70 |
Thematic
|
Scheme |
Distributable TER % |
|
ICICI Prudential Nifty Bank Index Fund Motilal Oswal Nifty Bank Index Fund |
0.80 |
|
Navi Nifty Bank Index Fund |
0.7 |
Debt
|
Scheme |
Distributable TER % |
|
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund |
0.35 |
|
Bandhan CRISIL IBX Gilt April 2028 Index Fund Bandhan CRISIL IBX Gilt June 2027 Index Fund
|
0.25 |
|
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund
|
0.20 |
|
Edelweiss CRISIL PSU Plus SDL 50:50 Oct 2025 Index Fund |
0.19 |
|
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund |
0.18 |
|
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund
|
0.16 |
Factor
|
Scheme |
Distributable TER % |
|
Edelweiss Nifty 100 Quality 30 Index Fund |
0.77 |
|
Motilal Oswal Nifty 200 Momentum 30 Index Fund |
0.66 |
|
Nippon India Nifty 50 Value 20 Index Fund |
0.60 |
|
UTI Nifty200 Momentum 30 Index Fund |
0.51 |
|
UTI S&P BSE Low Volatility Index Fund |
0.46 |
International:
|
Scheme |
Distributable TER % |
|
Motilal Oswal MSCI EAFE Top 100 Select Index Fund |
0.56 |
|
Motilal Oswal S&P 500 Index Fund |
0.55 |
|
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund |
0.51 |
|
ICICI Prudential NASDAQ 100 Index Fund |
0.50 |
Multi cap:
|
Scheme |
Distributable TER % |
|
Motilal Oswal Nifty 500 Index Fund |
0.65 |
