Nifty India Defence index funds compared
8 plans that track the Nifty India Defence index, compared on cost and how closely they follow it. Data as of 5 Nov 2026.
Direct plans (4)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty India Defence Index FundAditya Birla Sun Life Mutual Fund | A | 0.45% | -0.49% | 0.13% | 12.0% | ₹1,349 cr |
| Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | B | 0.56% | -0.70% | 0.08% | 11.8% | ₹5,384 cr |
| Axis Nifty India Defence Index FundAxis Mutual Fund | – | 0.60% | –% | –% | – | ₹330 cr |
| Invesco India Nifty India Defence Index FundInvesco Mutual Fund | – | 2.29% | –% | –% | – | – |
Regular plans (4)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | B | 1.12% | -1.37% | 0.09% | 11.1% | ₹5,384 cr |
| Aditya Birla Sun Life Nifty India Defence Index FundAditya Birla Sun Life Mutual Fund | B | 1.14% | -1.30% | 0.14% | 11.2% | ₹1,349 cr |
| Axis Nifty India Defence Index FundAxis Mutual Fund | – | 1.40% | –% | –% | – | ₹330 cr |
| Invesco India Nifty India Defence Index FundInvesco Mutual Fund | – | 3.05% | –% | –% | – | – |
Common questions
How many Nifty India Defence index funds are there?
4 schemes track the Nifty India Defence index, with 8 plans (Regular and Direct), as of 5 Nov 2026.
Which Nifty India Defence index fund has the lowest tracking error?
Among Direct plans, Motilal Oswal Nifty India Defence Index Fund had the lowest 1-year tracking error, 0.08%, as of 5 Nov 2026. Tracking error measures how closely the fund follows the index day to day.
Which Nifty India Defence index fund has the lowest expense ratio?
Among Direct plans, Aditya Birla Sun Life Nifty India Defence Index Fund at 0.45% 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.