An analysis of top index funds reveals that UTI Nifty 50 Index Fund is the largest, boasting an AUM of ₹18,345 crore. Let's delve into the details of the highest asset under management (AUM) index funds.

Top Index Funds by AUM:

1. UTI Nifty 50 Index Fund:

   • AUM: ₹18,345.2 crore
   • Expense Ratio: 0.38%
   • 1-Year Return: 25.06%
   • Alpha: 3.35

2. HDFC Index Fund-NIFTY 50 Plan:

   • AUM: ₹16,592.3 crore
   • Expense Ratio: 0.36%
   • 1-Year Return: 25.05%
   • Alpha: 3.35

3. ICICI Prudential Nifty 50 Index Fund:

   • AUM: ₹9,800.4 crore
   • Expense Ratio: 0.35%
   • 1-Year Return: 25.05%
   • Alpha: 3.33

4. SBI Nifty Index Fund:

   • AUM: ₹7,940.9 crore
   • Expense Ratio: 0.48%
   • 1-Year Return: 24.9%
   • Alpha: 3.18

5. HDFC Index Fund-BSE Sensex:

   • AUM: ₹7,365.3 crore
   • Expense Ratio: 0.36%
   • 1-Year Return: 21.77%
   • Alpha: 0.43

6. UTI Nifty200 Momentum 30 Index Fund:

   • AUM: ₹6,971.4 crore
   • Expense Ratio: 0.92%
   • 1-Year Return: 61.98%
   • Alpha: 29.64

7. ICICI Prudential Nifty Next 50 Index Fund:

   • AUM: ₹5,844.9 crore
   • Expense Ratio: 0.66%
   • 1-Year Return: 62.54%
   • Alpha: 29.58

Data as of July 25, 2024
 

Fund Profiles:

UTI Nifty 50 Index Fund

Managed by UTI Mutual Fund, this fund was launched on March 6, 2000. It benchmarks against the NIFTY 50 TRI. As of May 31, 2024, the Total Expense Ratio (TER) is 0.38%. The fund’s assets under management totaled ₹18,345.39 crore as of June 30, 2024. The NAV on July 25, 2024, stood at ₹166.0378. Since inception, the fund has achieved a CAGR of 12.2%, compared to the benchmark’s 14.33%.
 

HDFC Index Fund-NIFTY 50 Plan

Launched by HDFC Mutual Fund on July 1, 2002, this open-ended equity index fund also benchmarks to the NIFTY 50 TRI. With assets valued at ₹16,592.53 crore as of June 30, 2024, the fund maintains a turnover rate of 7.23%. The NAV as of July 25, 2024, is ₹229.3948. It has a CAGR of 15.28% since inception, compared to the benchmark’s 14.33%. The TER is 0.36% as of May 31, 2024.
 

ICICI Prudential Nifty 50 Index Fund

Managed by ICICI Prudential Mutual Fund, this fund launched on February 26, 2002, and is benchmarked against NIFTY 50 TRI. As of June 30, 2024, it holds assets worth ₹9,796.7 crore with a TER of 0.35%. The fund's NAV as of July 25, 2024, is ₹243.3601. It has recorded a CAGR of 15.3% since inception, compared to the benchmark’s 14.33%.
 

SBI NIFTY Index Fund

Managed by SBI Mutual Fund, this open-ended equity index fund benchmarks against the NIFTY 50 TRI. Launched on February 4, 2002, it has a TER of 0.48% as of June 30, 2024. The fund's assets total ₹7,935.34 crore with a turnover rate of 17%. The NAV as of July 25, 2024, is ₹213.9523. It has a CAGR of 14.75% since inception, compared to the benchmark’s 14.33%.
 

HDFC Index Fund – BSE Sensex Plan

Managed by HDFC Mutual Fund, this fund was launched on July 1, 2002, and benchmarks against the BSE Sensex. The TER as of June 30, 2024, is 0.36%. The fund's assets total ₹7,364.3 crore. The NAV as of July 25, 2024, is ₹735.2239. It has a CAGR of 15.21% since inception, with the benchmark at 15.34%.
 

UTI Nifty 200 Momentum 30 Index Fund

Managed by UTI Mutual Fund and launched on March 10, 2021, this fund benchmarks against the Nifty 200 Momentum 30 TRI. The TER is 0.92% as of May 31, 2024. It manages assets worth ₹6,971.63 crore as of June 30, 2024, with a turnover rate of 98%. The NAV as of July 25, 2024, is ₹23.8479. The fund has a CAGR of 29.61% since inception, compared to the benchmark’s 21.54%.
 

ICICI Prudential Nifty Next 50 Index Fund

Launched on June 5, 2010, this open-ended index fund from ICICI Prudential Mutual Fund benchmarks against the Nifty Next 50 TRI. The TER as of June 30, 2024, is 0.66%, with assets totaling ₹5,830.79 crore and a turnover rate of 33%. The NAV as of July 25, 2024, is ₹63.5006. The fund has a CAGR of 14.02% since inception, compared to the benchmark’s 21.99%.

These funds represent some of the top-performing index funds by AUM, reflecting strong market positions and robust growth trajectories.