Looking to invest in index funds? Consider these 5 schemes that gave over 20% returns in 3 years

Index Mutual funds track the returns given by an equity index. The advantage is that they are not actively managed funds and demand lower fees for fund management. Investors with a low-risk appetite but still want to earn good returns by having exposure to equities can consider them. However, low risks also offer lower returns. The investor has no control over fund composition as well.

We have picked five funds that have given more than 20% returns over a 3-5 year period:

1) Motilal Oswal Nifty Smallcap 250 Index Fund Direct-Growth Fund
The current NAV of the Motilal Oswal Nifty Smallcap 250 Index Fund - Direct Plan as of May 25 is Rs 21.72 for the growth option. Its trailing returns over different periods are: -4.99% (1 yr), 36.78% (3 yrs), and 21.02% (since launch). Whereas, Category returns for the same time duration are: 0.49% (1 yr), 38.71% (3 yrs), and 12.11% (5 yrs). The Assets Under Management (AUM) are worth Rs 312.8 crore as on Feb 28.

The expense ratio of the fund is 0.31% as of February 28. The minimum investment required is Rs 500, and the minimum additional investment is Rs 500. The minimum SIP investment is Rs 500.

2) Bandhan Nifty 50 Index Fund Direct Plan-Growth Fund
The Current NAV of the Bandhan Nifty 50 Index Fund - Direct Plan as of May 25 is Rs 39.68 for the growth option. Its trailing returns over different periods are 1.07% (1yr), 26.14% (3yrs), 12.16% (5 yrs), and 11.88% (since launch). Whereas, Category returns for the same time duration are: -0.51% (1 yr), 24.56% (3 yrs), and 10.77% (5yrs).

The AUM is worth Rs 644.34 crore as on February 28. The expense ratio of the fund is 0.1% plan as of Feb 28. The minimum investment required is Rs 1000, and the minimum additional investment is Rs 1000. The minimum SIP investment is Rs 100.

3) Motilal Oswal Nifty 50 Index Fund Direct-Growth Fund
The current NAV of the Motilal Oswal Nifty 50 Index Fund - Direct Plan as of May 25 is Rs 15.45 for the growth option of its direct plan. Its trailing returns over different periods are 0.96% (1yr), 25.91% (3 yrs), and 11.88% (since launch). Whereas, Category returns for the same time duration are: -0.51% (1 yrs), 24.56% (3 yrs), and 10.77% (5 yrs).

The AUM is worth Rs 234.01 crore as of February 28. The expense ratio of the fund is 0.14% as of February 28. The minimum investment required is Rs 500, and the minimum additional investment is Rs 500. The minimum SIP investment is Rs 500.

4) HDFC Index S&P BSE Sensex Direct Plan-Growth Fund
The current NAV of the HDFC Index Fund - S&P BSE Sensex Plan - Direct Plan as of May 25 is Rs 572.98 for the growth option of its Direct plan. Its trailing returns over different periods are 2.43% (1yr), 25.82% (3yr), 12.79% (5yr), and 12.32% (since launch). Whereas, Category returns for the same time duration are: -0.51% (1 yr), 24.56% (3 yr), and 10.77% (5 yr).

The AUM is worth Rs 4,210.23 crore as on February 28. The expense ratio of the fund is 0.2% as of February 28, 2023. The minimum investment required is Rs 100, and the minimum additional investment is Rs 100. The minimum SIP investment is Rs 100.

5) Nippon India Index Fund S&P BSE Sensex Plan Direct-Growth Fund
The current NAV of the Nippon India Index Fund - S&P BSE Sensex Plan - Direct Plan as of May 25 is Rs 32.55 for the growth option of its Direct plan. Its trailing returns over different periods are 2.47% (1 yr), 25.49% (3 yrs), 12.83% (5 yrs), and 12.06% (since launch). Whereas category returns for the same time duration are: -0.51% (1 yr), 24.56% (3 yrs), and 10.77% (5 yrs). The AUM is worth Rs 374.75 crore as on February 28.

The expense ratio of the fund is 0.15% as of February 28, 2023. Minimum Investment: Minimum investment required is Rs 5,000, and the minimum additional investment is Rs 1000. The minimum SIP investment is Rs 1,000.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)