Nifty 500 index funds compared
12 plans that track the Nifty 500 index, compared on cost and how closely they follow it. Data as of 5 Nov 2026.
Direct plans (6)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty 500 Index FundMotilal Oswal Mutual Fund | A | 0.23% | -0.10% | 0.04% | -1.1% | ₹3,114 cr |
| SBI Nifty 500 Index FundSBI Mutual Fund | A | 0.34% | -0.39% | 0.03% | -1.4% | ₹775 cr |
| Axis Nifty 500 Index FundAxis Mutual Fund | B | 0.17% | -0.33% | 0.19% | -1.4% | ₹319 cr |
| ICICI Prudential Nifty 500 Index FundICICI Prudential Mutual Fund | C | 0.44% | -0.63% | 0.15% | -1.7% | ₹100 cr |
| DSP Nifty 500 Index FundDSP Mutual Fund | – | 0.32% | -0.31% | 0.13% | – | ₹16 cr |
| Kotak Nifty 500 Index FundKotak Mahindra Mutual Fund | – | –% | –% | –% | – | – |
Regular plans (6)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| SBI Nifty 500 Index FundSBI Mutual Fund | A+ | 0.81% | -0.86% | 0.04% | -1.9% | ₹775 cr |
| Motilal Oswal Nifty 500 Index FundMotilal Oswal Mutual Fund | A | 0.96% | -0.85% | 0.05% | -1.9% | ₹3,114 cr |
| ICICI Prudential Nifty 500 Index FundICICI Prudential Mutual Fund | B | 0.99% | -1.17% | 0.15% | -2.2% | ₹100 cr |
| Axis Nifty 500 Index FundAxis Mutual Fund | C | 1.11% | -1.23% | 0.19% | -2.2% | ₹319 cr |
| DSP Nifty 500 Index FundDSP Mutual Fund | – | 1.05% | -0.90% | 0.13% | – | ₹16 cr |
| Kotak Nifty 500 Index FundKotak Mahindra Mutual Fund | – | –% | –% | –% | – | – |
Common questions
How many Nifty 500 index funds are there?
6 schemes track the Nifty 500 index, with 12 plans (Regular and Direct), as of 5 Nov 2026.
Which Nifty 500 index fund has the lowest tracking error?
Among Direct plans, SBI Nifty 500 Index Fund had the lowest 1-year tracking error, 0.03%, as of 5 Nov 2026. Tracking error measures how closely the fund follows the index day to day.
Which Nifty 500 index fund has the lowest expense ratio?
Among Direct plans, Axis Nifty 500 Index Fund at 0.17% a year, as of 5 Nov 2026.
How do you choose between index funds on the same index?
They hold the same stocks, so look at cost (expense ratio), how closely they track (tracking difference and tracking error) and size (AUM, for smooth trading). Our rating weighs those in that order.
Ratings describe past tracking and cost, not a recommendation. Read the scheme documents before investing.