basunivesh@gmail.com
This is the list of Index Funds and ETFs in India 2023 as of 3rd January 2023. As you may be aware that in India too, Index Funds are gaining popularity. Considering this trend, Indian Mutual Fund Companies offering us various categories of Index Funds and ETFs.
Currently, there are around 178 Index Funds or ETFs available for investors. Hence, obliviously investors will be confused. This may soon increase to 200 or 400+.
It is all because of the popularity of passive funds and hence these AMCs wish to use this opportunity by launching as many Index or ETF Funds as possible. But the sad part is that adopting the passive strategy for investors is to simplify their life. However, with so many variants available and going forward to be added, I know that the life of investors will turn into hell with a lot of confusion.
Just because one has to adopt the passive strategy does not mean one must invest in all the available Index Funds or ETFs. With 2-3 Index Funds, you can easily create a well-diversified portfolio. Rest everything is JUNK for the AMC’s business purpose and for those who do 24*7 research. Ignore the rest of the funds for simplicity.
List of Index Funds and ETFs in India 2023
Below is the list of Index Funds and ETFs in India 2023 as on 3rd January 2023. I will update this sheet once in a month for your reference.
I have just included the names, benchmark, and current AUM. To choose the Index Funds or ETFs within each category, you have to concentrate on expense ratio, tracking error, tracking difference, and also obviously the AUM.
I wrote a detailed post on what you mean by Tracking Errors and Tracking Differences. You can refer to the same at “Tracking Difference Vs Tracking Error of ETF and Index Funds“.
Adopting the passive strategy is the simplest and most wonderful investment strategy. However, BEWARE of the number of options available in front of us!!
You just need two to three Index Funds or ETFs to create a well-diversified equity portfolio. The rest of the funds are meant for SELLERS but not for INVESTORS.
Note:- I have listed the passive debt index funds in another post. You can refer to the same in “List of Debt Index Funds in India 2023“.
Hi
I wanted to invest in Midcap ETFs
So came down to Mirae Asset Nifty Midcap 150 ETF and Nippon India Nifty Midcap 150 ETF
Mirae Asset Nifty Midcap 150 ETF (Launch Date= 10-MAR-2022)
Current AUM = 622 Cr, AUM Growth = 289%
Expense Ratio = 0.05%
Tracking Error = 0.06%
Tracking Difference = -0.34%
Nippon India Nifty Midcap 150 ETF (Launch Date= 31-JAN-2019)
Current AUM = 994 Cr, AUM Growth = 70%
Expense Ratio = 0.21%
Tracking Error = 0.08%
Tracking Difference = -0.37%
From the above we can see that Expense Ratio and Tracking Data are better in Mirae Fund
BUT the AUM is better in Nippon
BUT the AUM growth is better in Mirae
BUT Nippon is a relatively Old Fund so guess more credibility.
Now between AUM and Expense Ratio – what is more important criteria?
Also how to factor in AUM growth and Fund Launch Date in Decision Making?
Finally when can we expect your list of top ETF Funds just like we receive your Top 10 Best Sip Mutual Funds List.
Thanks in advance
Dear Vijay,
Obiviously the data shows first fund is better. If the fund is managing inflow and outflow with short tracking error and at lower AUM too means better to choose. Regarding my fund list, I will publish soon.
Ok Sir,
Thanks a lot Sir.
regards
Dear Basu Sir,
Good Morning.
Sir, I had invested INR 1 L in UTI Flexi cap fund Direct Growth as lumpsum in July 2021
My goal was to fund my daughter education which is 6 yr away( she is in 7th std now). ( at the time of investment goal was 8 year away so i choose equity fund).
as on today, this fund is under 8% loss after 2 years. kindly advice is it worth to stay in or exit or switch to UTI Nifty/sensex index fund?
Thanking you in advance Sir,
Regards
Dear Rajesh,
Hard call but better to switch.
Thanks so much for the list, this is beneficial. Are you planning to add sectors and their % in each ETF? This will help to see the diversification of the Index fund.
Dear Maqsood,
Thanks for this new idea. I will try to implement.
Sir, as You said… “You just need two to three Index Funds or ETFs to create a well diversified equity portfolio…” Will you please write an article on your choices… Thank you for your wonderful articles… Following You since last many years…. Thanks again, Sir
Dear Darshan,
Every year I will publish my funds. This year too I will publish.
Thanks Sir
Dear Sir,
Can you please point to the articles / title with your choice list please ?
Also I read your article on “tracking error, tracking difference” , can we include check mark against funds who are sharing this data as per SEBI guideline ?
Also can you include the “expense ratio” in above list for easy comparison ?
Thanks
Dear Raj,
I have listed them in my earlier article of Top 10 Best Mutual Funds to Invest in India in 2022″. You can refer the same. Yes, always better to check and choose funds which are open in sharing the data. Defenitely will do.
Dear Sir,
Are there any ETFs or Index funds which
1. Buy Dollars and /or tracking dollars.
2. Buying or tracking USD denominated Treasury bills/bonds currently yielding 3.746% interest and also are $ denominated.
3. Buys Sovereign Gold Bonds only.
Basically I want to hold Dollars for an investment horizon of 5 years as I feel the currency appreciation will give 8-9% Yield. What is the most easiest and cost effective way to do so for a retail investor in your opinion.
Dear KB,
Sadly NO.
You mean to say that INR will depreciate @ 8-9% per year for the next 5 years and therefore after 5 years, i.e. in January 2028, INR will be around Rs. 120 to a USD.
It is requested to Mr. Basu Nivesh or KB to reply to this. Since there is no auto-intimation to all the commentators whenever any comment is made on this blog, I have kept this in ‘unread’ mode so that I can follow-it up.
Thank you.
Dear Kamal,
Thanks. There is no such system I have developed to auto-intimate. Let me explore the same.
Thank you sir. That would help your readers to receive auto-intimation whenever any reader makes any comment/reply on your blogpost. This is just to have wider view points and consultations among your readers as well as you also.
Thank you once again.
Dear Kamal,
Yes, this is what he is trying to think. Sadly no such products available in India currently.
I also thought on the same line. Getting a IRR of 8-9% consistently for 5 years on forex long/hold trade seems extremely difficult, while, the commentator, KB, made such remarks.
Many thanks for the clarification.