Index funds · same index, head to head
Nifty Next 50 index funds compared
13 index funds track the Nifty Next 50 — same stocks, same weights. Yet the same ₹10,000 monthly SIP over the last 3 years (Direct plans, identical dates) ended between ₹3.82 L and ₹3.84 L: a ₹2,730 gap (0.50 percentage points of XIRR a year) from costs and tracking alone.
| Fund | Data from | 1-yr SIP XIRR | 3-yr SIP XIRR | 5-yr SIP XIRR | ₹10,000/mo for 3 yrs | vs best (3 yrs) | 1-yr return (lump sum) |
|---|---|---|---|---|---|---|---|
| LIC MF Nifty Next 50 Index Fund | Aug 2023 | -0.47% | 4.56% | — | ₹3.84 L | best | 2.21% |
| Edelweiss Nifty Next 50 Index Fund | Dec 2022 | -0.56% | 4.53% | — | ₹3.84 L | −₹156 | 2.12% |
| Kotak Nifty Next 50 Index Fund | Apr 2021 | -0.89% | 4.45% | 11.38% | ₹3.84 L | −₹581 | 1.99% |
| Axis Nifty Next 50 Index Fund | Feb 2022 | -0.89% | 4.44% | — | ₹3.84 L | −₹657 | 2.03% |
| UTI Nifty Next 50 Index Fund | Jul 2018 | -0.92% | 4.41% | 11.30% | ₹3.84 L | −₹813 | 1.94% |
| DSP Nifty Next 50 Index Fund | Mar 2019 | -0.87% | 4.38% | 11.31% | ₹3.83 L | −₹950 | 1.95% |
| Navi Nifty Next 50 Index Fund | Feb 2022 | -0.88% | 4.38% | — | ₹3.83 L | −₹996 | 1.92% |
| Motilal Oswal Nifty Next 50 Index Fund | Jan 2020 | -1.02% | 4.36% | 11.29% | ₹3.83 L | −₹1,064 | 1.85% |
| SBI Nifty Next 50 Index Fund | Jun 2021 | -0.96% | 4.35% | 11.26% | ₹3.83 L | −₹1,118 | 1.89% |
| Aditya Birla Sun Life Nifty Next 50 Index Fund | Mar 2022 | -0.79% | 4.30% | — | ₹3.83 L | −₹1,385 | 1.98% |
| HDFC Nifty Next 50 index Fund | Nov 2021 | -1.04% | 4.20% | 11.06% | ₹3.82 L | −₹1,967 | 1.82% |
| ICICI Prudential Nifty Next 50 Index Fund | Jan 2013 | -1.19% | 4.15% | 11.10% | ₹3.82 L | −₹2,216 | 1.74% |
| HSBC Nifty Next 50 Index Fund | Dec 2022 | -1.23% | 4.06% | — | ₹3.82 L | −₹2,730 | 1.59% |
Direct plans, official AMFI NAVs as of 4 Oct 2026, SIP on the first business day of each month, identical dates for every fund. Ordered by 3-year SIP XIRR; funds with less history are listed last. Ordering is historical, not a recommendation — check each fund's current expense ratio. Past performance does not indicate future returns.
Questions
Which Nifty Next 50 index fund has given the best SIP returns?
Over the last 3 years, on identical dates and Direct plans, LIC MF Nifty Next 50 Index Fund had the highest SIP XIRR (4.56%) and HSBC Nifty Next 50 Index Fund the lowest (4.06%) among 13 Nifty Next 50 index funds with 3 years of history. The gap reflects expense ratios and tracking error; it can change, so check costs before choosing.
Why do index funds on the same index give different returns?
They hold the same stocks, so the difference comes from the expense ratio (charged daily inside the NAV), tracking error (how closely the fund follows the index after cash flows, dividends and rebalancing) and cash held for redemptions. Over long periods, a lower expense ratio is the most reliable advantage.
See also: all index funds · other indices · rolling returns by index.