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Open Ended Schemes ( Index Funds - Equity Funds ) Mutual Funds in India
Quantitative risk-adjusted comparison across 255 AMFI-registered Open Ended Schemes ( Index Funds - Equity Funds ) schemes. Category Median 3Y CAGR: +12.95% p.a. • Category Median 3Y Sortino: 0.05.
Data last synced: 2026-11-10 09:32 (Latest NAV: 2026-11-09)
Schemes Ranked by 3-Year Sortino Ratio (Downside Risk Efficiency)
| Category Rank | Scheme Name | AMC | Plan | 3Y CAGR | 3Y Sortino | Max Drawdown |
|---|---|---|---|---|---|---|
| #1 | Choice Nifty Next 50 Index Fund - Direct Plan Growth (AMFI 154304) | Choice Mutual Fund | Direct Plan | N/A | 0.99 | -11.85% |
| #2 | Choice Nifty Next 50 Index Fund - Regular Plan Growth (AMFI 154303) | Choice Mutual Fund | Regular Plan | N/A | 0.95 | -11.93% |
| #3 | Zerodha CASE Nifty MidSmallcap400 50:50 Index Fund - Direct Plan - Growth Option (AMFI 154306) | Zerodha Mutual Fund | Direct Plan | N/A | 0.92 | -12.00% |
| #4 | UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth Option (AMFI 151739) | UTI Mutual Fund | Direct Plan | +19.85% | 0.87 | -22.63% |
| #5 | UTI Nifty 500 Value 50 Index Fund - Regular Plan - Growth Option (AMFI 151738) | UTI Mutual Fund | Regular Plan | +19.30% | 0.83 | -22.84% |
| #6 | Axis Nifty Next 50 Index Fund - Direct Plan - Growth (AMFI 149466) | Axis Mutual Fund | Direct Plan | +17.37% | 0.80 | -26.35% |
| #7 | UTI Nifty Next 50 Index Fund - Direct Plan - Growth Option (AMFI 143341) | UTI Mutual Fund | Direct Plan | +17.41% | 0.79 | -39.86% |
| #8 | UTI Nifty India Manufacturing Index Fund - Direct Plan - Growth Option (AMFI 153270) | UTI Mutual Fund | Direct Plan | N/A | 0.78 | -12.90% |
| #9 | Aditya Birla Sun Life Nifty Next 50 Index Fund-Direct Growth (AMFI 149838) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +17.23% | 0.78 | -26.70% |
| #10 | Aditya Birla Sun Life Nifty Next 50 Index Fund-Direct IDCW (AMFI 149839) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +17.21% | 0.78 | -26.70% |
| #11 | HSBC NIFTY NEXT 50 INDEX FUND - Direct IDCW (AMFI 151163) | HSBC Mutual Fund | Direct Plan | +17.05% | 0.76 | -26.59% |
| #12 | HSBC NIFTY NEXT 50 INDEX FUND - Direct Growth (AMFI 151160) | HSBC Mutual Fund | Direct Plan | +17.05% | 0.76 | -26.59% |
| #13 | UTI Nifty Next 50 Index Fund - Regular Plan - Growth Option (AMFI 143340) | UTI Mutual Fund | Regular Plan | +16.89% | 0.75 | -40.46% |
| #14 | UTI Nifty India Manufacturing Index Fund - Regular Plan - Growth Option (AMFI 153271) | UTI Mutual Fund | Regular Plan | N/A | 0.73 | -12.98% |
| #15 | Aditya Birla Sun Life Nifty Next 50 Index Fund-Regular IDCW (AMFI 149836) | Aditya Birla Sun Life Mutual Fund | Regular Plan | +16.57% | 0.73 | -26.87% |
| #16 | Axis Nifty Next 50 Index Fund - Regular Plan - Growth (AMFI 149467) | Axis Mutual Fund | Regular Plan | +16.47% | 0.73 | -26.59% |
| #17 | HSBC NIFTY NEXT 50 INDEX FUND - Regular Growth (AMFI 151162) | HSBC Mutual Fund | Regular Plan | +16.57% | 0.73 | -26.73% |
| #18 | HSBC NIFTY NEXT 50 INDEX FUND - Regular IDCW (AMFI 151161) | HSBC Mutual Fund | Regular Plan | +16.57% | 0.73 | -26.73% |
| #19 | Aditya Birla Sun Life Nifty Next 50 Index Fund-Regular Growth (AMFI 149837) | Aditya Birla Sun Life Mutual Fund | Regular Plan | +16.54% | 0.73 | -26.86% |
| #20 | Axis Nifty Midcap 50 Index Fund - Direct Plan - Growth Option (AMFI 149936) | Axis Mutual Fund | Direct Plan | +15.24% | 0.66 | -20.27% |
| #21 | Axis Nifty Midcap 50 Index Fund - Direct Plan - IDCW Option (AMFI 149935) | Axis Mutual Fund | Direct Plan | +15.24% | 0.66 | -20.27% |
| #22 | Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Direct Growth (AMFI 148962) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +12.95% | 0.66 | -18.02% |
| #23 | Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund-Direct-IDCW (AMFI 148963) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +12.95% | 0.66 | -18.02% |
| #24 | Axis Nifty Smallcap 50 Index Fund - Direct Plan - Growth Option (AMFI 149894) | Axis Mutual Fund | Direct Plan | +16.19% | 0.65 | -27.74% |
| #25 | Axis Nifty Smallcap 50 Index Fund - Direct Plan - IDCW (AMFI 149895) | Axis Mutual Fund | Direct Plan | +16.19% | 0.65 | -27.74% |
| #26 | Aditya Birla Sun Life Nifty Smallcap 50 Index Fund-Direct - Payout of IDCW (AMFI 148814) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +16.26% | 0.65 | -36.72% |
| #27 | Aditya Birla Sun Life Nifty Smallcap 50 Index Fund-Direct Growth (AMFI 148815) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +16.26% | 0.65 | -36.72% |
| #28 | UTI Nifty50 Equal Weight Index Fund - Direct Plan - Growth Option (AMFI 151762) | UTI Mutual Fund | Direct Plan | +12.82% | 0.64 | -18.12% |
| #29 | Axis Nifty Next 50 Index Fund - Direct Plan - IDCW (AMFI 149469) | Axis Mutual Fund | Direct Plan | +15.34% | 0.64 | -26.35% |
| #30 | Aditya Birla Sun Life Nifty Midcap 150 Index Fund - Direct - Payout of IDCW (AMFI 148809) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +14.31% | 0.61 | -21.19% |
| #31 | Aditya Birla Sun Life Nifty Midcap 150 Index Fund-Direct Growth (AMFI 148807) | Aditya Birla Sun Life Mutual Fund | Direct Plan | +14.31% | 0.61 | -21.19% |
| #32 | Aditya Birla Sun Life Nifty Smallcap 50 Index Fund-Regular - Payout of IDCW (AMFI 148812) | Aditya Birla Sun Life Mutual Fund | Regular Plan | +15.62% | 0.60 | -37.03% |
| #33 | Aditya Birla Sun Life Nifty Smallcap 50 Index Fund-Regular Growth (AMFI 148811) | Aditya Birla Sun Life Mutual Fund | Regular Plan | +15.62% | 0.60 | -37.03% |
| #34 | Axis Nifty Midcap 50 Index Fund - Regular Plan - Growth Option (AMFI 149938) | Axis Mutual Fund | Regular Plan | +14.38% | 0.60 | -20.54% |
| #35 | Axis Nifty Midcap 50 Index Fund - Regular Plan - IDCW Option (AMFI 149937) | Axis Mutual Fund | Regular Plan | +14.38% | 0.60 | -20.54% |
| #36 | Zerodha CASE ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option (AMFI 152157) | Zerodha Mutual Fund | Direct Plan | +13.16% | 0.60 | -18.72% |
| #37 | UTI Nifty50 Equal Weight Index Fund - Regular Plan - Growth Option (AMFI 151761) | UTI Mutual Fund | Regular Plan | +12.33% | 0.59 | -18.27% |
| #38 | Axis Nifty Smallcap 50 Index Fund - Regular Plan - IDCW (AMFI 149897) | Axis Mutual Fund | Regular Plan | +15.34% | 0.59 | -27.85% |
| #39 | Axis Nifty Smallcap 50 Index Fund - Regular Plan - Growth Option (AMFI 149896) | Axis Mutual Fund | Regular Plan | +15.34% | 0.59 | -27.85% |
| #40 | Zerodha CASE Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option (AMFI 152156) | Zerodha Mutual Fund | Direct Plan | +13.08% | 0.59 | -18.75% |
Explore Other SEBI Mutual Fund Categories
- Open Ended Schemes ( Other Scheme - Index Funds ) (1098 schemes)
- Open Ended Schemes ( Income ) (772 schemes)
- Open Ended Schemes ( Equity Scheme - Sectoral/ Thematic ) (758 schemes)
- Close Ended Schemes ( Income ) (559 schemes)
- Open Ended Schemes ( Debt Scheme - Liquid Fund ) (408 schemes)
- Open Ended Schemes ( Other Scheme - FoF Domestic ) (371 schemes)
- Open Ended Schemes ( Income/Debt Oriented Schemes - Ultra Short to Short Term Fund ) (324 schemes)
- Open Ended Schemes ( Growth ) (312 schemes)
- Open Ended Schemes ( Income/Debt Oriented Schemes - Liquid Fund ) (273 schemes)
- Open Ended Schemes ( Fund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic) ) (255 schemes)
- Open Ended Schemes ( Income/Debt Oriented Schemes - Ultra Short Term Fund ) (253 schemes)
- Open Ended Schemes ( Equity Schemes - Thematic Fund ) (242 schemes)
- Open Ended Schemes ( Debt Scheme - Overnight Fund ) (224 schemes)
- Open Ended Schemes ( Income/Debt Oriented Schemes - Short Term Fund ) (222 schemes)
- Open Ended Schemes ( Other Scheme - Other ETFs ) (216 schemes)
- Open Ended Schemes ( Income/Debt Oriented Schemes - Dynamic Term Fund ) (199 schemes)