The Nifty 50 Index Mutual Fund is a type of investment fund that mirrors the performance of the Nifty 50 Index, which represents the top 50 large-cap companies listed on the National Stock Exchange (NSE) of India. These funds aim to replicate the returns of the index by investing in the same stocks in the same proportion. Nifty 50 Index mutual funds are ideal for investors looking for a diversified way to gain exposure to the Indian stock market’s leading companies. In this article, find the best Nifty 50 Index mutual funds in November 2024, based on their 5yr CAGR and learn the pros and cons of investing in them.
Name | AUM (₹ in crore) | Expense Ratio (%) | CAGR 5Y (%) |
SBI Equity Minimum Variance Fund | 236.82 | 0.41 | 19.02 |
Bandhan Nifty 50 Index Fund | 1,629.27 | 0.1 | 16.58 |
UTI Nifty 50 Index Fund | 19,626.32 | 0.19 | 16.36 |
ICICI Pru Nifty 50 Index Fund | 11,903.75 | 0.17 | 16.37 |
Nippon India Index Fund-Nifty 50 Plan | 2,029.93 | 0.2 | 16.33 |
Tata NIFTY 50 Index Fund | 942 | 0.2 | 16.32 |
HDFC Index Fund-NIFTY 50 Plan | 18,914.92 | 0.2 | 16.31 |
DSP NIFTY 50 Index Fund | 661.52 | 0.18 | 16.28 |
SBI Nifty Index Fund | 8,729.37 | 0.2 | 16.25 |
Aditya Birla SL Nifty 50 Index Fund | 1,023.60 | 0.2 | 16.24 |
Note: The best Nifty 50 Index mutual funds listed here are as of November 7, 2024. The funds are selected from the funds tracking Nifty universe and are sorted based on the 5yr CAGR.
SBI Equity Minimum Variance Fund by SBI Mutual Fund was launched on March 19, 2019, and tracks the benchmark index, NIFTY 50 Total Return Index (TRI). The fund accepts both lumpsum and SIP investments. The minimum lumpsum investment is ₹5,000, while the minimum SIP is ₹500. As of November 6, 2024, the NAV of the fund is ₹24.32.
Key metrics:
Launched on April 30, 2010, Bandhan Nifty 50 Index Fund by Bandhan Mutual Fund tracks the benchmark index, NIFTY 50 TRI. The fund accepts both lumpsum and SIP investments, where the minimum investments are ₹1,000 and ₹100, respectively. As of November 6, 2024, the NAV of the fund is ₹52.45.
Key metrics (As of October 30, 2024):
Launched on March 06, 2000, UTI Nifty 50 Index Fund by UTI Mutual Fund tracks the benchmark index, NIFTY 50 Index. The fund accepts both lumpsum and SIP investments. The minimum investment amount is ₹1,000. As of November 6, 2024, the NAV of the fund is ₹169.27.
Key metrics (As of September 30, 2024):
ICICI Prudential Nifty 50 Index Fund by ICICI Prudential Mutual Fund was launched on February 26, 2002, and tracks the benchmark index, NIFTY 50 TRI. The fund accepts both lump sum and SIP investments. As of November 6, 2024, the NAV of the fund is ₹244.71.
Key metrics (As of September 30, 2024):
Launched on September 28, 2010, the Nippon India Index Fund-Nifty 50 Plan by Nippon India Mutual Fund tracks the benchmark index, NIFTY 50 TRI. The minimum investment for this fund is ₹1,000. As of November 6, 2024, the NAV of the fund is ₹41.28.
Key metrics (As of September 30, 2024):
Before making any investment, it is essential to assess your financial objectives and risk tolerance. It is important to choose funds that match your investment strategy, risk appetite and time horizon. Consult a financial advisor to customise your investment decisions based on your individual needs.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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