Index funds that actually track
Tracking error under 0.5% — the gap between an index fund and its index.
What this screen looks for
- Category is index
- Tracking error below 0.5%
- Plan is Direct
category = index AND tracking error < 0.5 AND plan = DirectTop matches by 3Y CAGR
20Motilal Oswal Nifty Midcap 150 Index Fund leads this screen at +13.71% 3Y CAGR, ahead of Aditya Birla Sun Life Nifty Midcap 150 Index Fund at +13.59%.
43 funds match this screen; the 20 best by 3Y CAGR are shown. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
| 1 | Motilal Oswal Nifty Midcap 150 Index Fund Motilal Oswal | ★★★★★ | +2.1% | +13.7% | +13.9% | 0.39% | ₹3,482Cr |
| 2 | Aditya Birla Sun Life Nifty Midcap 150 Index Fund Aditya Birla Sun Life | ★★★★☆ | +1.9% | +13.6% | +13.8% | 0.45% | ₹445.00Cr |
| 3 | Nippon India Nifty Midcap 150 Index Fund Nippon India | ★★★★☆ | +2.0% | +13.5% | +13.7% | 0.37% | ₹2,396Cr |
| 4 | SBI Nifty Midcap 150 Index Fund SBI | ★★★★☆ | +2.0% | +13.5% | — | 0.47% | ₹1,054Cr |
| 5 | ICICI Prudential Nifty Midcap 150 Index Fund ICICI Prudential | ★★★★☆ | +2.0% | +13.4% | — | 0.39% | ₹1,068Cr |
| 6 | HDFC Nifty Midcap 150 Index Fund HDFC | ★★★★☆ | +1.9% | +13.4% | — | 0.34% | ₹603.02Cr |
| 7 | Navi Nifty Midcap 150 Index Fund Navi | ★★★★☆ | +1.8% | +13.4% | — | 0.38% | ₹371.66Cr |
| 8 | Edelweiss Nifty Smallcap 250 Index Fund Edelweiss | ★★★★☆ | +4.1% | +13.3% | — | 0.25% | ₹229.85Cr |
| 9 | Motilal Oswal Nifty Smallcap 250 Index Fund Motilal Oswal | ★★★★☆ | +3.9% | +13.2% | +13.2% | 0.46% | ₹1,121Cr |
| 10 | SBI Nifty Smallcap 250 Index Fund SBI | ★★★★☆ | +3.6% | +12.9% | — | 0.44% | ₹1,541Cr |
| 11 | HDFC Nifty Smallcap 250 Index Fund HDFC | ★★★☆☆ | +3.7% | +12.9% | — | 0.33% | ₹647.95Cr |
| 12 | ICICI Prudential Nifty Smallcap 250 Index Fund ICICI Prudential | ★★★★☆ | +3.6% | +12.9% | — | 0.44% | ₹673.64Cr |
| 13 | Nippon India Nifty Smallcap 250 Index Fund Nippon India | ★★★★☆ | +3.8% | +12.7% | +12.9% | 0.41% | ₹3,050Cr |
| 14 | Motilal Oswal Nifty 500 Index Fund Motilal Oswal | ★★★★☆ | -3.8% | +9.3% | +8.3% | 0.23% | ₹2,945Cr |
| 15 | HDFC BSE 500 Index Fund HDFC | ★★★☆☆ | -4.3% | +8.6% | — | 0.35% | ₹283.78Cr |
| 16 | Navi Nifty Bank Index Fund Navi | ★★★☆☆ | -1.2% | +7.9% | — | 0.23% | ₹615.48Cr |
| 17 | ICICI Prudential Nifty Bank Index Fund ICICI Prudential | ★★★☆☆ | -1.1% | +7.9% | — | 0.22% | ₹722.94Cr |
| 18 | Motilal Oswal Nifty Bank Index Fund Motilal Oswal | ★★★☆☆ | -1.2% | +7.9% | +8.3% | 0.32% | ₹643.61Cr |
| 19 | Bandhan Nifty 100 Index Fund Bandhan | ★★★★☆ | -6.7% | +7.7% | — | 0.18% | ₹235.27Cr |
| 20 | Axis Nifty 100 Index Fund Axis | ★★★★☆ | -6.7% | +7.6% | +6.5% | 0.26% | ₹1,973Cr |
NAV data as of 05 Oct 2026. Direct plans only, one row per fund (Growth option preferred where a scheme has both). ETFs are excluded — they list no Direct plan and need a demat account. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is a screen over public data, not investment advice.