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List of Best Index ETFs in India 2026

Index ETFs are designed to track broad market indices by holding a basket of the same stocks in the same proportions as the underlying benchmark. As of October 2025, the total assets under management (AUM) of ETFs in India crossed ₹10 lakh cr, reflecting strong growth in passive products on the back of rising investor participation. ETFs accounted for approximately 13% of the total mutual fund AUM by March 2025, up from about ₹1.54 lakh cr in March 2020.

Top Index ETFs in 2026

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NameStocks (13)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.UTI Nifty 50 ETFNIFTYBETAEquityEquity44,593.1044,593.10284.24284.24--0.280.28-1.85-1.854.754.7510.2710.27------0.000.00--0.960.96
2.UTI BSE Sensex ETFSENSEXBETAEquityEquity21,948.8821,948.88925.71925.71---0.21-0.21-2.33-2.334.074.078.548.54------0.000.00--0.930.93
3.SBI Nifty 50 ETFSETFNIF50EquityEquity12,217.5912,217.59275.51275.51--0.080.08-2.04-2.044.454.459.989.98------0.000.00--0.970.97
4.Nippon India ETF Nifty 50 BeESNIFTYBEESEquityEquity6,504.276,504.27291.65291.65--0.140.14-1.98-1.984.594.5910.0410.04------0.000.00--0.960.96
5.ICICI Prudential Nifty 50 ETFNIFTYIETFEquityEquity3,185.833,185.83289.97289.97--0.130.13-2.13-2.134.474.479.969.96------0.000.00--0.960.96
6.Nippon India ETF Nifty Next 50 Junior BeESJUNIORBEESEquityEquity3,139.683,139.68744.05744.05--0.710.71-1.74-1.743.493.499.369.36------0.000.00--1.271.27
7.Kotak Nifty 50 ETFNIFTY1EquityEquity2,197.962,197.96284.38284.38--0.240.24-1.98-1.984.684.6810.2410.24------0.000.00--0.890.89
8.HDFC Nifty 50 ETFHDFCNIFTYEquityEquity1,277.131,277.13288.43288.43--0.140.14-1.97-1.974.514.519.119.11------0.000.00--0.980.98
9.Aditya Birla Sun Life Nifty 50 ETFBSLNIFTYEquityEquity705.52705.5230.0430.04--0.070.07-2.02-2.024.924.9210.0410.04------0.000.00--0.950.95
10.Mirae Asset Nifty 50 ETFNIFTYETFEquityEquity418.36418.36278.52278.52--0.220.22-2.03-2.034.774.779.869.86------0.000.00--0.980.98
11.ICICI Prudential BSE Sensex ETFSENSEXIETFEquityEquity76.2476.24958.08958.08--0.020.02-2.11-2.113.743.748.178.17------0.000.00--0.970.97
12.Axis Nifty 50 ETFAXISNIFTYEquityEquity54.4454.44283.24283.24--0.250.25-2.21-2.214.524.5210.0310.03------0.000.00--0.980.98
13.SBI Nifty Next 50 ETFSETFNN50EquityEquity41.0741.07736.63736.63--0.600.60-2.01-2.013.723.729.699.69------0.000.00--1.201.20
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.

Overview of Top Index ETFs in India

CPSE ETF

CPSE ETF invests in shares of Central Public Sector Enterprises and follows the Nifty CPSE Index. Through this single exchange-traded fund, investors get exposure to government-owned companies across various sectors like energy, utilities, and finance.

Nippon India ETF Nifty IT

Nippon India ETF Nifty IT tracks the Nifty IT Index. This index comprises major information technology companies listed in India. The ETF offers concentrated exposure to the domestic IT sector, holding a diversified portfolio of technology services and software firms.

Bharat 22 ETF

Bharat 22 ETF tracks a basket of 22 public sector companies. These companies span various sectors, including energy, finance, and infrastructure. The ETF comprises government-owned enterprises, so investors get exposure to the performance of select PSU stocks through a single investment vehicle.

UTI BSE Sensex ETF

UTI BSE Sensex ETF tracks the BSE Sensex index. This index comprises 30 large-cap companies listed on the Bombay Stock Exchange. The fund replicates the performance of India's benchmark equity index by holding constituent stocks in similar proportions.

Nippon India ETF Nifty Bank BeES

Nippon India ETF Nifty Bank BeES tracks the Nifty Bank Index, which consists of banking sector stocks listed on the National Stock Exchange. Investors get exposure to both public and private sector banks through this ETF. It holds a diversified portfolio that mirrors the index composition.

What are Index ETFs?

Index ETFs are exchange-traded funds that replicate how a specific market index performs. They do this by holding the same securities in the same weights as the underlying benchmark. These indices vary widely - from broad-market benchmarks like the Nifty 50 and Sensex to more focused ones covering midcaps, sectors, or themes. Here's the key difference: Index ETFs don't try to beat the market like actively managed funds do. They simply mirror index movements, which makes them transparent and rules-based.

How to Invest in Index ETFs?

Here's how you can invest in Index ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Tickertape Stock Screener
  3. Filter Index ETFs screener based on various parameters such as market cap, close price, past returns and more. You can review this data to evaluate each ETF’s performance trends and determine whether they align with your investment thesis.
  4. Once you’ve decided on an ETF, you can place a buy order through your brokerage account linked to Tickertape.

You can also stay updated on alerts and announcements for your favourite stocks with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Features of Index ETFs in India

Nifty 1D rate Liquid ETFs track the Nifty 1D Rate Index, which reflects overnight lending rates in the Indian money market. The underlying index measures returns from investing at the prevailing overnight rate.

Index ETFs work on a simple principle - they copy what a market index does. Whether it's Nifty 50, Sensex, or sectoral indices, these funds don't rely on fund managers picking stocks through research. Instead, the fund manager just mirrors whatever the index holds.

Exchange-Traded Structure

You can buy and sell these ETFs on stock exchanges like NSE and BSE during market hours, just like you'd trade stocks. The prices update in real-time. You'll need a registered broker to execute your trades - the same setup you use for equity shares.

Index Tracking Mechanism

Fund managers build their portfolios to match the underlying index as closely as possible. This means holding the same stocks in the same proportions. When index constituents change or weightages get rebalanced, the ETF portfolio adjusts accordingly. This keeps the tracking accurate.

Transparent Portfolio Disclosure

Most Index ETFs disclose their complete portfolio holdings regularly, typically daily or weekly. Investors can verify whether the fund accurately holds index constituents in appropriate proportions - there's no mystery about what's inside.

Advantages of Investing in Index ETFs in India

Low Expense Ratios

Since there's no team of analysts researching stocks or fund managers making active decisions, Index ETFs typically charge lower expense ratios compared to actively managed funds. The passive nature of portfolio management just costs less to run.

Diversification in a Single Transaction

A single Index ETF India unit gives you exposure to multiple stocks that make up the index. For instance, a Nifty 50 ETF offers diversification across 50 large-cap companies spanning various sectors through one investment.

Transparency in Holdings

The passive strategy means investors know exactly what they own at any given time. The portfolio composition mirrors the publicly available index constituents. This eliminates uncertainty about fund holdings.

Intraday Trading Flexibility

Traditional index funds only transact at end-of-day NAV. Index ETFs work differently - you can buy or sell them during market hours at prevailing prices. This lets investors respond to market movements in real-time.

Lower Tracking Error Potential

Well-managed Index ETFs maintain minimal deviation from their benchmark indices. The passive approach also reduces the risk of underperforming the index that actively managed funds might face.

Tax Efficiency Structure

The creation and redemption mechanism through authorised participants can result in fewer taxable events within the fund compared to traditional mutual funds. Additionally, equity-oriented Index ETFs may qualify for favourable long-term capital gains taxation.

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Risks of Investing in Index ETFs in India

Market Risk Exposure

Index ETFs give you full exposure to market volatility and downturns. If the underlying index falls, the index ETF India value declines proportionately. There's no downside protection or capital preservation mechanism.

Tracking Error

Despite aiming to replicate index performance, Index ETFs may experience tracking differences. Expense ratios, cash drag from dividends, rebalancing timing, and operational factors all contribute to this. The actual returns may vary slightly from the index returns.

Liquidity Risk in Trading

Some Index ETFs, particularly those tracking niche or sectoral indices, may have low trading volumes. This can result in wider bid-ask spreads and difficulty executing large orders at desired prices.

Concentration Risk in Certain Indices

Indices with heavy concentration in specific stocks or sectors expose investors to concentrated risk. For example, index-heavy weightage in a few large-cap stocks means significant exposure to those companies' performance.

No Flexibility in Portfolio Composition

Index ETFs on the index ETF list must hold stocks in the same proportion as the index, including potentially overvalued securities. Unlike active funds, they cannot reduce exposure to stocks the manager believes are overpriced.

Factors to Consider Before Investing in Index ETFs

Index Selection and Coverage

Different indices represent different market segments. Some track large-cap stocks, others focus on mid-cap or small-cap stocks, while sectoral indices concentrate on specific industries. The index you choose determines the nature of your equity exposure.

Expense Ratio Comparison

Index ETFs tracking the same index may have varying expense ratios across different fund houses. The total expense ratio directly impacts your net returns over the investment period.

Average Daily Trading Volume

The trading volume indicates how actively an Index ETF India gets bought and sold on exchanges. Volume levels influence the ease of entering or exiting positions and the bid-ask spread width.

Tracking Difference History

Historical tracking difference shows how closely the index ETF India has matched its benchmark index performance. Consistent low tracking differences suggest effective portfolio management and operational efficiency.

Taxation on Index ETFs

Index ETFs follow capital gains taxation based on holding duration. Short-term and long-term gains are taxed differently, as detailed below.

Holding Period Tax Treatment
Short-Term (< 12 months ) Gains taxed at a flat rate of 20% (increased from the previous 15%).
Long-Term (> 12 months) Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year.

Conclusion

Index ETFs offer a simple way to mirror the performance of market benchmarks without the need to pick individual stocks or track market movements closely. Their transparent structure, diversified exposure, and typically lower costs have made them an important part of India’s growing passive investing landscape. As more indices and ETF options become available, investors can explore a wide range of themes and segments through these exchange-listed funds.



To compare Index ETFs, study their underlying indices, and analyse performance or costs, you can use the Tickertape Stock Screener. With more than 200 filters, it helps you evaluate ETFs in detail and identify the ones that match your investment preferences.

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Frequently Asked Questions on Index ETFs

  1. What is an index ETF?

    An index ETF (Exchange-Traded Fund) is a passively managed investment fund that tracks the performance of a specific market index such as Nifty 50, Sensex, or sectoral indices. It holds the same stocks in similar proportions as the index it follows and trades on stock exchanges like regular shares.

  2. Which Index ETF is the best?

    As of 8th January 2026, some of the best Index ETFs in India according to market cap include:
    1. CPSE ETF
    2. Nippon India ETF Nifty IT
    3. Bharat 22 ETF
    4. UTI BSE Sensex ETF
    5. Nippon India ETF Nifty Bank BeES

    Disclaimer: The above Index funds India list is for educational purposes only and should not be considered investment advice.

  3. Is Securities Transaction Tax applicable to index ETFs?

    Yes, STT is levied on both the purchase and sale of Index ETF units. As of current regulations, STT on equity ETF sales is 0.1% of transaction value for delivery-based trades. Intraday trades have different STT rates. These rates are subject to regulatory changes. Disclaimer: This response is informational and not recommendatory. Please consult a SEBI-registered advisor or conduct independent research before making any decisions.

  4. Do index ETFs guarantee returns matching the index?

    Index ETFs aim to closely track their benchmark but don't guarantee exact matching. Tracking difference arises from expense ratios, cash holdings, dividend timing differences, and rebalancing costs. Well-managed ETFs typically show minimal tracking difference. Disclaimer: This response is informational and not recommendatory. Please consult a SEBI-registered advisor or conduct independent research before making any decisions.

  5. What is the difference between an index ETF and an actively managed fund?

    Index ETFs follow a passive strategy, simply replicating an index without attempting to outperform it. Actively managed funds have fund managers who research and select stocks aiming to beat the market. This results in different cost structures, risk profiles, and performance patterns. Disclaimer: This response is informational and not recommendatory. Please consult a SEBI-registered advisor or conduct independent research before making any decisions.

  6. Who regulates index ETFs in India?

    Index ETFs are regulated by the Securities and Exchange Board of India (SEBI) under mutual fund regulations. Asset Management Companies offering ETFs must comply with SEBI guidelines on portfolio management, disclosure norms, and operational requirements.

  7. What types of index ETFs are available in India?

    Index ETFs in India span broad market indices (Nifty 50, Sensex, Nifty Next 50), sectoral indices (Bank Nifty, Pharma, IT), thematic indices (PSU, Dividend Yield), international indices (S&P 500, Nasdaq), factor-based indices (Low Volatility, Momentum), and bond indices.

  8. What is meant by tracking an index?

    Tracking an index means the ETF aims to deliver returns that closely match the index performance. The fund holds the same stocks in similar proportions as the index. When the index rises or falls, the ETF value moves correspondingly.

  9. How to sell index ETFs?

    Index ETFs can be sold by placing a sell order through your demat account on the stock exchange. The order executes at market price during trading hours, and proceeds are credited after settlement.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.