Every Nifty Index Fund Rose in a Month: The Category Gained 8.80% on Average
Key Highlights
Nifty Index funds: average 1-month 8.80%, 1-year −3.38%, 3-year 9.37% a year across 27 Direct Growth plans, to 5 November 2026.
Returns as of: 5 November 2026
- Category average return: 1 month 8.80%, 1 year −3.38%, 3 years 9.37% a year
- Every fund rose over the past month
- No fund had a positive return over one year
- 21% of 1-year rolling windows ended below zero
- Average expense ratio of Direct plans: 0.29%
- Largest fund by assets: UTI Index Fund
Nifty Index funds performance: the category recorded a 1-month average return of 8.80%. Every fund rose over the month. Over the one-year period, the category average was −3.38%. None of the 25 funds had a positive return over one year.
Nifty Index funds: returns across the category
| Period | Average | Median | Funds with a positive return | Funds counted |
|---|---|---|---|---|
| 1 week | 6.98% | 6.97% | 27 of 27 | 27 |
| 1 month | 8.80% | 8.81% | 26 of 26 | 26 |
| 3 months | −0.29% | −0.29% | 0 of 26 | 26 |
| 6 months | 2.85% | 2.86% | 26 of 26 | 26 |
| 1 year | −3.38% | −3.33% | 0 of 25 | 25 |
| 3 years (a year) | 9.37% | 9.43% | 18 of 18 | 18 |
| 5 years (a year) | 7.53% | 7.56% | 17 of 17 | 17 |
The 1-year average return of −3.38% is lower than the 3-year average of 9.37%. These figures represent annualised returns for the period ending 5 November 2026. The 3-year average is positive.
Highest and lowest returns over the past month
| Fund | 1 month | 1 week |
|---|---|---|
| Franklin India Nifty 50 Index Fund | 8.86% | 7.03% |
| Zerodha Nifty 50 Index Fund | 8.83% | 6.98% |
| Navi Nifty 50 Index Fund | 8.82% | 6.97% |
| Fund | 1 month | 1 week |
|---|---|---|
| Taurus Nifty 50 Index Fund | 8.66% | 6.91% |
| Baroda BNP Paribas Nifty 50 Index Fund | 8.77% | 6.96% |
| LIC MF Nifty 50 Index Fund | 8.77% | 6.96% |
Highest 3-year returns
| Fund | 1 year | 3 years (a year) | Expense ratio |
|---|---|---|---|
| Navi Nifty 50 Index Fund | −3.24% | 9.49% | 0.10% |
| Motilal Oswal Nifty 50 Index Fund | −3.28% | 9.48% | 0.23% |
| Edelweiss Nifty 50 Index Fund | −3.13% | 9.47% | 0.14% |
| Nippon India Index Fund-Nifty 50 Plan | −3.26% | 9.47% | 0.15% |
| Axis Nifty 50 Index Fund | −3.28% | 9.46% | 0.17% |
Rolling returns
| Measure | Category average 1-year return |
|---|---|
| Lowest window | −11.9% (ending 23 October 2026) |
| Median | 9.0% |
| Highest window | 34.4% (ending 26 September 2024) |
| Share of windows below zero | 21% |
| Latest window (ending 5 November 2026) | −3.4% |
Rolling 1-year returns for the 18 funds with full history show a median of 9.0%. The highest return was 34.4% and the lowest was −11.9%. The latest rolling window of −3.4% is lower than the median rolling window.
Largest funds and costs
| Expense ratio | Funds counted | |
|---|---|---|
| Average | 0.29% | 27 |
| Lowest: Quant Nifty 50 Index Fund | 0.07% | |
| Highest: Taurus Nifty 50 Index Fund | 0.86% |
Nifty Index funds: FAQs
How have Nifty Index funds performed over the past year?
The average 1-year return of 25 Direct Growth Nifty Index funds was −3.38% to 5 November 2026; no fund had a positive return. The average 3-year return was 9.37% a year across 18 funds.
What is the average expense ratio of Nifty Index funds?
The average expense ratio of 27 Direct plans in the Nifty Index category is 0.29%. It ranges from 0.07% (Quant Nifty 50 Index Fund) to 0.86% (Taurus Nifty 50 Index Fund).
Which Nifty Index fund is the largest?
UTI Nifty 50 Index Fund has the largest assets among Nifty Index funds, ₹28,064 crore at 30 September 2026, across all its plans.
What are rolling returns?
Rolling returns measure the return over every window of a fixed length, not just the one ending today. Here, each 1-year window ending between 6 November 2023 and 5 November 2026 is averaged across 18 funds, so the result does not depend on one start date.
Why are Direct plans compared?
Direct plans have no distributor commission in their cost, so they are the cleanest way to compare the funds themselves. Regular plans of the same funds charge a higher expense ratio, which reduces their returns.
, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.