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Cafemutual Passives Research shows that UTI Nifty 50 Index Fund is the largest fund among large cap index funds having an AUM close to Rs.14,600 crore in December 2023.
HDFC Index Fund Nifty 50 Plan and HDFC Index S&P BSE Sensex Fund are the next two in the list with AUM of Rs.11,000 crore and Rs.6,000 crore, respectively.
Among midcap index funds, Motilal Oswal Nifty Midcap 150 Index Fund, Nippon India Nifty Midcap 150 Index Fund and ICICI Prudential Nifty Midcap 150 Index Fund are the top three funds with assets of Rs.1,200 crore, Rs.1,000 crore and Rs.300 crore respectively.
Similarly, Nippon India Nifty Smallcap 250 Index Fund, Motilal Oswal Nifty Smallcap 250 Index Fund and SBI Nifty Smallcap 250 Index Fund are top funds in smallcap category with AUM of Rs. 950 crore, Rs.600 crore and Rs. 450 crore, respectively.
Further analysis shows that UTI Nifty200 Momentum 30 Index Fund with AUM of Rs. 3,500 crore is the largest fund in the factor-based index fund category.
Among sectoral/thematic funds, Motilal Oswal Nifty Bank Index Fund is the largest in sectoral/thematic category with AUM of Rs.500 crore.
Let us look at the table to know the top three index funds across categories in terms of AUM.
Large cap
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
UTI Nifty 50 Index Fund |
14,652 crore |
|
2 |
HDFC Index Fund Nifty 50 Plan |
11,402 crore |
|
3 |
HDFC Index S&P BSE Sensex Fund |
6,282 crore |
Large & mid cap
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
Edelweiss NIFTY Large Mid Cap 250 Index Fund |
80 crore |
Mid cap
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
Motilal Oswal Nifty Midcap 150 Index Fund |
1,223 crore |
|
2 |
Nippon India Nifty Midcap 150 Index Fund |
1,027 crore |
|
3 |
ICICI Prudential Nifty Midcap 150 Index Fund |
275 crore |
Small cap
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
Nippon India Nifty Smallcap 250 Index Fund |
948 crore |
|
2 |
Motilal Oswal Nifty Smallcap 250 Index Fund |
586 crore |
|
3 |
SBI Nifty Smallcap 250 Index Fund |
443 crore |
Factor
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
UTI Nifty200 Momentum 30 Index Fund |
3,514 crore |
|
2 |
Nippon India Nifty 50 Value 20 Index Fund |
455 crore |
|
3 |
Motilal Oswal Nifty 200 Momentum 30 Index Fund |
312 crore |
Sectoral/thematic
|
Ranking |
Category |
AUM (Rs) |
|
1 |
Motilal Oswal Nifty Bank Index Fund |
514 crore |
|
2 |
Navi Nifty Bank Index Fund |
468 crore |
|
3 |
ICICI Prudential Nifty IT Index Fund |
344 crore |
Target maturity
|
Ranking |
Category |
AUM (Rs) |
|
1 |
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund |
11,164 crore |
|
2 |
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund |
10,610 crore |
|
3 |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund |
10,103 crore |
International
|
Ranking |
Scheme Name |
AUM (Rs) |
|
1 |
Motilal Oswal S&P 500 Index Fund |
2,966 crore |
|
2 |
ICICI Prudential NASDAQ 100 Index Fund |
996 crore |
|
3 |
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund |
134 crore |
