Cafemutual Passives Research shows that UTI Nifty 50 Index Fund is the largest fund among large cap index funds having an AUM close to Rs.14,600 crore in December 2023.

HDFC Index Fund Nifty 50 Plan and HDFC Index S&P BSE Sensex Fund are the next two in the list with AUM of Rs.11,000 crore and Rs.6,000 crore, respectively.

Among midcap index funds, Motilal Oswal Nifty Midcap 150 Index Fund, Nippon India Nifty Midcap 150 Index Fund and ICICI Prudential Nifty Midcap 150 Index Fund are the top three funds with assets of Rs.1,200 crore, Rs.1,000 crore and Rs.300 crore respectively.

Similarly, Nippon India Nifty Smallcap 250 Index Fund, Motilal Oswal Nifty Smallcap 250 Index Fund and SBI Nifty Smallcap 250 Index Fund are top funds in smallcap category with AUM of Rs. 950 crore, Rs.600 crore and Rs. 450 crore, respectively.

Further analysis shows that UTI Nifty200 Momentum 30 Index Fund with AUM of Rs. 3,500 crore is the largest fund in the factor-based index fund category.

Among sectoral/thematic funds, Motilal Oswal Nifty Bank Index Fund is the largest in sectoral/thematic category with AUM of Rs.500 crore.

Let us look at the table to know the top three index funds across categories in terms of AUM.

Large cap

Ranking

Scheme Name

AUM (Rs)

UTI Nifty 50 Index Fund

14,652 crore

HDFC Index Fund Nifty 50 Plan

11,402 crore

HDFC Index S&P BSE Sensex Fund

6,282 croreKanpur Investment

Large & mid cap

Ranking

Scheme Name

AUM (Rs)

Edelweiss NIFTY Large Mid Cap 250 Index Fund

80 crore

Mid cap

Ranking

Scheme Name

AUM (Rs)

Motilal Oswal Nifty Midcap 150 Index Fund

1,223 crore

Nippon India Nifty Midcap 150 Index Fund

1,027 crore

ICICI Prudential Nifty Midcap 150 Index Fund

275 crore

Small cap

Ranking

Scheme Name

AUM (Rs)

Nippon India Nifty Smallcap 250 Index Fund

948 crore

Motilal Oswal Nifty Smallcap 250 Index Fund

586 crore

SBI Nifty Smallcap 250 Index Fund

443 crore

Factor

Ranking

Scheme Name

AUM (Rs)

UTI Nifty200 Momentum 30 Index Fund

3,514 crore

Nippon India Nifty 50 Value 20 Index Fund

455 crore

Motilal Oswal Nifty 200 Momentum 30 Index Fund

312 crore

Sectoral/thematic

Ranking

Category

AUM (Rs)

Motilal Oswal Nifty Bank Index Fund

514 crore

Navi Nifty Bank Index Fund

468 crore

ICICI Prudential Nifty IT Index Fund

344 crore

Target maturity

Ranking

Category

AUM (Rs)

SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund

11,164 crore

Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund

10,610 crore

Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund

10,103 crore

International

Ranking

Scheme Name

AUM (Rs)

Motilal Oswal S&P 500 Index Fund

2,966 crore

ICICI Prudential NASDAQ 100 Index Fund

996 crore

Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund

134 croreMumbai Wealth Management