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Top 5 Best Performing Index Funds To Consider In 2021-22
A portfolio of stocks or bonds that replicates the performance of a financial market index is known as an index fund. As a result, these funds are predicted to produce similar results to the index. They imitate a segment of the stock market or the entire market in some situations. Index funds are also important when it comes to portfolio diversification, which is a strategy that involves spreading your investments over a variety of assets and securities in order to balance off or limit the risk an investor takes on. When a person buys an index fund, he or she is exposed to a wide range of stocks. Here are the top 5 best performing SIPs based on 3-year returns.
DSP Equal Nifty 50 Fund
DSP Equal Nifty 50 Fund Direct-Growth is a medium-sized fund in its category, with assets under management (AUM) of 254 crores. The fund's expense ratio is 0.4 percent, which is comparable to the expense ratios charged by most other Large Cap funds.
DSP Equal Nifty 50 Fund Direct has a 1-year growth rate of 67.87 percent. It has returned an average of 12.55 percent per year since its inception.
The scheme aims to invest in firms that are constituents of the NIFTY 50 Equal Weight Index (underlying Index) in the same proportion as the index, with the goal of generating returns that are comparable to the underlying Index's performance.
Sundaram Smart NIFTY 100 Equal Weight Fund
Sundaram Smart NIFTY 100 Equal Weight Fund Direct - Growth is a medium-sized fund in its category, with assets under management (AUM) of 37 crores. The fund's expense ratio is 0.47 percent, which is comparable to the expense ratios charged by most other Large Cap funds.
Sundaram Smart NIFTY 100 Equal Weight Fund Direct has a one-year growth rate of 63.12%. It has had an average yearly return of 14.34 percent since its inception. The programme aims to invest in firms that are constituents of the NIFTY 100 Equal Weighted Index (underlying Index) in the same proportion as the index, with the goal of generating returns that are comparable to the underlying Index's performance, subject to a 2% tracking error.
Principal Nifty 100 Equal Weight Fund
Principal Nifty 100 Equal Weight Fund Direct-Growth is a modest fund in its category, with assets under management (AUM) of Rs. 29 crore. The fund charges an expense ratio of 0.65%, which is more than most other Large Cap funds. The scheme aims to invest primarily in stocks that make up the Nifty 100 Equal Weight Index, with the goal of achieving outcomes that are comparable to the Nifty 100 Equal Weight Index, subject to tracking mistakes.
The 1-year returns on the Principal Nifty 100 Equal Weight Fund Direct-Growth are 62.61 percent. It has returned an average of 12.50 percent per year since its inception.
IDFC Nifty Fund
IDFC Nifty Direct Plan-Growth has assets under management (AUM) of 369 crores, making it a medium-sized fund in its category. The fund's expense ratio is 0.17 percent, which is lower than the expense ratios charged by most other Large Cap funds.
The 1-year returns on the IDFC Nifty Direct Plan-Growth are 51.77 percent. It has returned an average of 14.20 percent per year since its inception. The programme aims to mimic the Nifty 50 Index by investing in the same percentage of Nifty 50 equities.
Taurus Nifty Index Fund
Taurus Nifty Index Fund Direct-Growth had assets under management (AUM) of 2 Crores, making it a small fund in its category. The fund's expense ratio is 0.91 percent, which is higher than the expense ratios charged by most other Large Cap funds.
Taurus Nifty Index Fund Direct-Growth gains are 52.57 percent during the last year. It has returned an average of 13.95 percent every year since its inception. The scheme's goal is to mimic the Nifty 50 Index by investing in Nifty 50 Index assets in the same proportion/weightage.
Top 5 Best Performing Index Funds To Consider In 2021-22
| Fund Name | AUM in Cr | 3-Year Returns(Absolute_ |
| DSP Equal Nifty 50 Fund | 253.59 | 57.30% |
| Sundaram Smart NIFTY 100 Equal Weight Fund | 36.62 | 53.37% |
| Principal Nifty 100 Equal Weight Fund | 29.27 | 52.81% |
| IDFC Nifty Fund | 369.00 | 50.47% |
| Taurus Nifty Index Fund | 1.58 | 50.44% |
Conclusion
When considering investing in index funds, investors should consider the tracking error of the fund. The tracking error is a metric that quantifies how far a fund's return deviates from the benchmark it is monitoring. It is the difference between the return of an index fund and the return of its benchmark. The greater the fund's performance, the lower the tracking error.
Disclaimer
The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature.
