Best Index — Factor / Smart Beta Funds
Rules-based tilts — momentum, value, quality, low-vol — at index-fund cost.
Data updated · 57 direct-growth funds ranked by a transparent 0–100 Smart Score
57
Funds
2
Strong Buys
Very High
Risk
57 fundsSorted by Smart Score ↓
⚖Want to compare funds? Tick the checkbox in the first column — pick up to 5 and they'll go head-to-head in one view.
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal BSE Enhanced Value Index Motilal Oswal | 85 | Strong Buy | -0.2% | 18.3% | — | — | — | — | — | — | — | 5.7 | 0.52% | ₹2.1k Cr | 4.2y | |
| Axis Nifty 500 Value 50 Index Axis | 80 | Strong Buy | 3.8% | — | — | — | — | — | — | — | — | 7.3 | 0.41% | ₹234 Cr | 2.0y | |
| UTI Nifty 500 Value 50 Index UTI | 77 | Buy | 3.5% | 18.6% | — | 0.59 | 0.78 | 20.6 | 7.1 | 1.24 | — | 7.3 | 0.75% | ₹838 Cr | 3.5y | |
| HDFC BSE India SecTor Leaders Index HDFC | 77 | Buy | — | — | — | — | — | — | — | — | — | 21.4 | 0.30% | ₹159 Cr | 1.0y | |
| Motilal Oswal BSE Quality Index Motilal Oswal | 70 | Buy | -5.3% | 10.6% | — | — | — | — | — | — | — | 27.3 | 0.45% | ₹54 Cr | 4.2y | |
| SBI Nifty 200 Quality 30 Index SBI | 69 | Buy | -7.8% | — | — | — | — | — | — | — | — | 25.4 | 0.44% | ₹303 Cr | 1.4y | |
| Axis Nifty 500 Quality 50 Index Axis | 69 | Buy | -3.9% | — | — | — | — | — | — | — | — | 23.5 | 0.34% | ₹76 Cr | 1.2y | |
| Edelweiss Nifty 100 Quality 30 Index Edelweiss | 68 | Buy | -4.9% | 7.7% | 6.9% | 0.10 | 0.13 | 12.7 | -1.7 | 0.77 | — | 25.0 | 0.60% | ₹111 Cr | 5.0y | |
| Bandhan Nifty Alpha 50 Index Bandhan | 68 | Buy | 3.3% | — | — | 0.24 | 0.33 | 22.1 | -1.1 | 1.36 | — | 23.7 | 0.61% | ₹594 Cr | 3.0y | |
| Nippon India Nifty Alpha Low Volatility 30 Index Nippon India | 67 | Buy | -8.3% | 7.7% | — | 0.09 | 0.13 | 13.2 | -2.2 | 0.84 | — | 25.4 | 0.58% | ₹1.2k Cr | 4.2y | |
| ICICI Pru Nifty 200 Value 30 Index ICICI Pru | 64 | Buy | 4.5% | — | — | — | — | — | — | — | — | — | 0.61% | ₹188 Cr | 2.0y | |
| Tata BSE Quality Index Tata | 64 | Buy | -5.4% | — | — | 0.03 | 0.04 | 13.9 | -0.1 | 0.90 | — | 27.3 | 0.41% | ₹46 Cr | 1.6y | |
| UTI BSE India Sector Leaders Index UTI | 64 | Buy | — | — | — | — | — | — | — | — | — | 21.4 | 0.24% | ₹38 Cr | 0.1y | |
| HDFC Nifty100 Quality 30 Index HDFC | 63 | Buy | -5.0% | — | — | -0.27 | -0.37 | 12.8 | -2.7 | 0.80 | — | 25.0 | 0.42% | ₹131 Cr | 1.7y | |
| Bandhan Nifty 100 Low Volatility 30 Index Bandhan | 61 | Hold | -9.3% | 7.8% | — | — | — | — | — | — | — | 24.9 | 0.45% | ₹1.4k Cr | 4.0y | |
| ABSL BSE 500 Quality 50 Index Aditya Birla Sun Life | 61 | Hold | -2.6% | — | — | -0.32 | -0.44 | 13.6 | 1.9 | 0.89 | — | 25.5 | 0.37% | ₹64 Cr | 1.3y | |
| Axis BSE India SecTors Leaders Index Axis | 61 | Hold | — | — | — | — | — | — | — | — | — | 21.4 | 0.28% | ₹28 Cr | 0.7y | |
| Kotak Nifty 200 Momentum 30 Index Kotak | 60 | Hold | -8.9% | 8.2% | — | 0.09 | 0.12 | 19.7 | -3.4 | 1.25 | — | 21.6 | 0.77% | ₹567 Cr | 3.4y | |
| UTI Nifty 200 Momentum 30 Index UTI | 59 | Hold | -8.9% | 8.4% | 6.5% | 0.09 | 0.13 | 19.8 | -3.2 | 1.25 | — | 21.6 | 0.89% | ₹8.0k Cr | 5.6y | |
| Kotak Nifty 100 Low Volatility 30 Index Kotak | 58 | Hold | -9.2% | — | — | -0.52 | -0.71 | 11.7 | -2.6 | 0.76 | — | 24.9 | 0.37% | ₹103 Cr | 2.4y | |
| Axis Nifty 500 Momentum 50 Index Axis | 56 | Hold | -3.2% | — | — | — | — | — | — | — | — | 27.3 | 0.65% | ₹176 Cr | 1.7y | |
| Motilal Oswal Nifty 200 Momentum 30 Index Motilal Oswal | 55 | Hold | -9.3% | 8.0% | — | 0.08 | 0.10 | 19.8 | -3.5 | 1.25 | — | 21.6 | 0.83% | ₹882 Cr | 4.7y | |
| Edelweiss Nifty 500 MultiCap Momentum Quality 50 Index Edelweiss | 55 | Hold | -7.4% | — | — | — | — | — | — | — | — | — | 0.75% | ₹602 Cr | 2.0y | |
| Nippon India Nifty 500 Quality 50 Index Nippon India | 55 | Hold | -4.4% | — | — | -0.19 | -0.26 | 15.3 | 1.1 | 1.02 | — | 23.5 | 0.59% | ₹39 Cr | 1.5y | |
| ABSL BSE 500 Momentum 50 Index Aditya Birla Sun Life | 55 | Hold | -1.9% | — | — | -0.23 | -0.31 | 17.1 | 4.0 | 1.13 | — | 28.9 | 0.63% | ₹98 Cr | 1.3y | |
| DSP Nifty Midcap 150 Quality 50 Index DSP | 54 | Hold | -6.3% | 6.9% | — | 0.03 | 0.04 | 15.6 | -3.5 | 0.98 | — | — | 0.47% | ₹398 Cr | 4.2y | |
| ICICI Pru Nifty 200 Momentum 30 Index ICICI Pru | 53 | Hold | -9.0% | 7.9% | — | 0.07 | 0.10 | 19.7 | -3.6 | 1.24 | — | 21.6 | 0.78% | ₹518 Cr | 4.2y | |
| HDFC Nifty100 Low Volatility 30 Index HDFC | 53 | Hold | -9.3% | — | — | -0.65 | -0.89 | 11.8 | -2.8 | 0.76 | — | 24.9 | 0.49% | ₹199 Cr | 2.3y | |
| Bandhan Nifty 500 Value 50 Index Bandhan | 53 | Hold | 3.4% | — | — | -0.20 | -0.27 | 17.4 | 2.2 | 1.07 | — | 7.3 | 0.65% | ₹38 Cr | 2.0y | |
| Nippon India Nifty 500 Low Volatility 50 Index Nippon India | 53 | Hold | -7.6% | — | — | -0.37 | -0.51 | 11.6 | -1.2 | 0.80 | — | 21.0 | 0.63% | ₹27 Cr | 1.5y | |
| Tata Nifty 200 Alpha 30 Index Tata | 52 | Hold | -2.8% | — | — | — | — | — | — | — | — | — | 0.76% | ₹199 Cr | 2.1y | |
| UTI BSE Low Volatility Index UTI | 51 | Hold | -12.3% | 5.4% | — | -0.10 | -0.14 | 11.5 | -4.0 | 0.71 | — | 24.0 | 0.51% | ₹418 Cr | 4.6y | |
| Kotak Nifty Alpha 50 Index Kotak | 51 | Hold | 3.1% | — | — | -0.20 | -0.28 | 18.8 | 6.4 | 1.20 | — | 25.4 | 0.79% | ₹55 Cr | 1.2y | |
| UTI Nifty Midcap 150 Quality 50 Index UTI | 45 | Hold | -6.5% | 6.8% | — | 0.02 | 0.03 | 15.6 | -3.7 | 0.98 | — | — | 0.69% | ₹249 Cr | 4.5y | |
| ICICI Pru Nifty 200 Quality 30 Index ICICI Pru | 44 | Avoid | -7.8% | — | — | — | — | — | — | — | — | — | 0.49% | ₹24 Cr | 1.4y | |
| SBI Nifty 100 Low Volatility 30 Index SBI | 43 | Avoid | -9.3% | — | — | — | — | — | — | — | — | 24.9 | 0.48% | ₹52 Cr | 1.3y | |
| HDFC Nifty 200 Momentum 30 Index HDFC | 42 | Avoid | -9.1% | — | — | — | — | — | — | — | — | 21.6 | 0.81% | ₹568 Cr | 2.6y | |
| Kotak Nifty 200 Quality 30 Index Kotak | 42 | Avoid | -7.6% | — | — | -0.84 | -1.11 | 13.3 | -3.4 | 0.85 | — | 25.4 | 0.35% | ₹16 Cr | 1.3y | |
| ICICI Pru Nifty50 Value 20 Index ICICI Pru | 40 | Avoid | -11.0% | — | — | -0.56 | -0.76 | 13.4 | -7.0 | 0.81 | — | 10.7 | 0.52% | ₹95 Cr | 2.7y | |
| Nippon India Nifty 50 Value 20 Index Nippon India | 38 | Avoid | -11.1% | 4.4% | 5.5% | -0.16 | -0.22 | 13.4 | -5.4 | 0.81 | — | 10.7 | 0.51% | ₹708 Cr | 5.7y | |
| Nippon India Nifty 500 Momentum 50 Index Nippon India | 37 | Avoid | -2.8% | — | — | -0.79 | -1.05 | 20.4 | -4.1 | 1.28 | — | 27.3 | 0.67% | ₹1.3k Cr | 2.1y | |
| Bandhan Nifty 200 Momentum 30 Index Bandhan | 36 | Avoid | -9.2% | 7.7% | — | — | — | — | — | — | — | 25.4 | 0.88% | ₹116 Cr | 4.1y | |
| Edelweiss Nifty Alpha Low Volatility 30 Index Edelweiss | 34 | Avoid | -8.4% | — | — | -0.72 | -0.95 | 13.5 | -7.0 | 0.84 | — | 25.4 | 0.66% | ₹80 Cr | 2.4y | |
| Bandhan Nifty Alpha Low Volatility 30 Index Bandhan | 34 | Avoid | -8.3% | — | — | -0.69 | -0.93 | 12.8 | -8.0 | 0.85 | — | 25.4 | 0.55% | ₹9 Cr | 1.7y | |
| UTI Nifty 200 Quality 30 Index UTI | 31 | Avoid | -7.8% | — | — | -1.04 | -1.39 | 13.8 | -6.2 | 0.85 | — | 25.4 | 0.67% | ₹500 Cr | 2.1y | |
| Bandhan BSE India SecTor Leaders Index Bandhan | 31 | Avoid | -8.5% | — | — | -0.93 | -1.22 | 13.7 | -7.4 | 0.95 | — | 21.4 | 0.36% | ₹23 Cr | 1.1y | |
| Motilal Oswal Nifty 500 Momentum 50 Index Motilal Oswal | 30 | Avoid | -3.7% | — | — | -0.80 | -1.06 | 20.4 | -4.3 | 1.28 | — | 27.3 | 0.85% | ₹785 Cr | 2.1y | |
| Bandhan Nifty 200 Quality 30 Index Bandhan | 30 | Avoid | -7.8% | — | — | -0.83 | -1.12 | 13.7 | -6.0 | 0.86 | — | 25.4 | 0.53% | ₹13 Cr | 1.9y | |
| UTI Nifty Alpha Low Volatility 30 Index UTI | 27 | Avoid | -8.5% | — | — | -1.00 | -1.32 | 12.9 | -7.0 | 0.84 | — | 25.4 | 0.82% | ₹63 Cr | 1.9y | |
| Motilal Oswal BSE Low Volatility Index Motilal Oswal | 26 | Avoid | -12.3% | 5.3% | — | — | — | — | — | — | — | 24.0 | 0.50% | ₹59 Cr | 4.6y | |
| SBI Nifty 200 Momentum 30 Index SBI | 26 | Avoid | -9.2% | — | — | — | — | — | — | — | — | 21.6 | 0.93% | ₹114 Cr | 1.3y | |
| Bandhan Nifty 500 Momentum 50 Index Bandhan | 25 | Avoid | -3.6% | — | — | -0.67 | -0.89 | 19.9 | -6.4 | 1.26 | — | 27.3 | 0.87% | ₹37 Cr | 2.0y | |
| Kotak Nifty 500 Momentum 50 Index Kotak | 22 | Avoid | — | — | — | — | — | — | — | — | — | 27.3 | 0.76% | ₹26 Cr | 0.9y | |
| Baroda BNP Paribas Nifty 200 Momentum 30 Index Baroda BNP Paribas | 8 | Avoid | -9.4% | — | — | — | — | — | — | — | — | — | 1.09% | ₹21 Cr | 2.0y | |
| Kotak Nifty 200 Value 30 Index Kotak | 4 | Avoid | — | — | — | — | — | — | — | — | — | 25.4 | 1.11% | ₹13 Cr | 0.8y | |
| Kotak Nifty Alpha Low Volatility 30 Index Kotak | 2 | Avoid | — | — | — | — | — | — | — | — | — | 25.4 | 1.27% | ₹7 Cr | 0.3y | |
| Axis Nifty500 Low Volatility 50 Index Axis | 1 | Avoid | — | — | — | — | — | — | — | — | — | 21.0 | — | ₹0 Cr | 0.0y |
Reading the ratios: ↑ higher is better — Returns, Sharpe, Sortino, Alpha · ↓ lower is better — Std Dev, P/E, Expense · Beta ≈1 moves with the market (<1 swings less). Hover any column header for details.
Index — Factor / Smart Beta funds — quick answers
›Which is the best Index — Factor / Smart Beta mutual fund right now?
Motilal Oswal BSE Enhanced Value Index currently ranks #1 of 57 Index — Factor / Smart Beta funds with a FundLens Smart Score of 85/100 (Strong Buy). It returned 18.3% over 3 years at a 0.52% expense ratio (direct plan). Rankings are recomputed from data updated 21 Oct 2026.
›Which Index — Factor / Smart Beta fund has the best risk-adjusted returns?
UTI Nifty 500 Value 50 Index leads the category on the Sortino ratio at 0.78 (Sharpe 0.59) — meaning it has delivered the most return per unit of downside risk among Index — Factor / Smart Beta funds.
›Which Index — Factor / Smart Beta fund has the lowest expense ratio?
UTI BSE India Sector Leaders Index charges 0.24% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest Index — Factor / Smart Beta fund by AUM?
Axis Nifty500 Low Volatility 50 Index manages ₹0 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a Index — Factor / Smart Beta fund?
Index — Factor / Smart Beta funds carry very high risk, so a horizon of 7+ years is generally sensible. Rules-based tilts — momentum, value, quality, low-vol — at index-fund cost. This is research, not investment advice.
Want these answers conversationally? Ask FundLens · New to the ratios? Sharpe vs Sortino, explained