Best Index — Factor / Smart Beta Funds
Rules-based tilts — momentum, value, quality, low-vol — at index-fund cost.
Data updated · 55 direct-growth funds ranked by a transparent 0–100 Smart Score
55
Funds
3
Strong Buys
Very High
Risk
55 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 | 86 | Strong Buy | 12.1% | 22.0% | — | — | — | — | — | — | — | 7.7 | 0.54% | ₹2.2k Cr | 4.0y | |
| HDFC BSE India SecTor Leaders Index HDFC | 79 | Strong Buy | — | — | — | — | — | — | — | — | — | 23.2 | 0.30% | ₹184 Cr | 0.8y | |
| UTI Nifty 500 Value 50 Index UTI | 78 | Strong Buy | 15.8% | 23.3% | — | 0.81 | 1.08 | 20.7 | 8.8 | 1.26 | — | 8.8 | 0.84% | ₹825 Cr | 3.3y | |
| Nippon India Nifty Alpha Low Volatility 30 Index Nippon India | 77 | Buy | 1.1% | 11.6% | — | 0.39 | 0.54 | 13.1 | -0.2 | 0.84 | — | 24.2 | 0.70% | ₹1.3k Cr | 4.0y | |
| Tata BSE Quality Index Tata | 73 | Buy | 2.1% | — | — | 0.43 | 0.63 | 13.9 | 1.2 | 0.90 | — | 23.9 | 0.41% | ₹58 Cr | 1.4y | |
| Motilal Oswal BSE Quality Index Motilal Oswal | 72 | Buy | 2.3% | 13.3% | — | — | — | — | — | — | — | 23.9 | 0.43% | ₹59 Cr | 4.0y | |
| Axis Nifty 500 Value 50 Index Axis | 72 | Buy | 16.3% | — | — | — | — | — | — | — | — | 8.8 | 0.53% | ₹230 Cr | 1.9y | |
| Axis Nifty 500 Quality 50 Index Axis | 70 | Buy | — | — | — | — | — | — | — | — | — | 22.4 | 0.36% | ₹83 Cr | 1.0y | |
| UTI Nifty 200 Momentum 30 Index UTI | 64 | Buy | 2.2% | 11.5% | 9.9% | 0.26 | 0.35 | 19.6 | -2.9 | 1.26 | — | 23.0 | 1.18% | ₹8.4k Cr | 5.5y | |
| ICICI Pru Nifty 200 Value 30 Index ICICI Pru | 64 | Buy | 17.8% | — | — | — | — | — | — | — | — | — | 0.71% | ₹199 Cr | 1.9y | |
| ABSL BSE 500 Quality 50 Index Aditya Birla Sun Life | 63 | Buy | 4.4% | — | — | 0.06 | 0.08 | 13.6 | 2.5 | 0.90 | — | 23.9 | 0.39% | ₹75 Cr | 1.1y | |
| Edelweiss Nifty 100 Quality 30 Index Edelweiss | 62 | Buy | -0.2% | 9.8% | — | 0.26 | 0.37 | 12.5 | -1.4 | 0.77 | — | 24.8 | 0.61% | ₹126 Cr | 4.9y | |
| Bandhan Nifty Alpha 50 Index Bandhan | 62 | Buy | 11.4% | — | — | 0.37 | 0.50 | 22.3 | -1.9 | 1.37 | — | 18.2 | 0.76% | ₹582 Cr | 2.8y | |
| SBI Nifty 200 Quality 30 Index SBI | 62 | Buy | -2.0% | — | — | — | — | — | — | — | — | 24.3 | 0.47% | ₹335 Cr | 1.3y | |
| Axis BSE India SecTors Leaders Index Axis | 61 | Hold | — | — | — | — | — | — | — | — | — | 23.2 | 0.30% | ₹32 Cr | 0.6y | |
| Kotak Nifty 200 Momentum 30 Index Kotak | 58 | Hold | 2.2% | 11.2% | — | 0.24 | 0.33 | 19.6 | -3.2 | 1.25 | — | 23.0 | 1.13% | ₹585 Cr | 3.2y | |
| Kotak Nifty 100 Low Volatility 30 Index Kotak | 57 | Hold | -2.3% | — | — | -0.28 | -0.39 | 11.6 | -1.8 | 0.75 | — | 22.6 | 0.43% | ₹114 Cr | 2.2y | |
| HDFC Nifty100 Quality 30 Index HDFC | 56 | Hold | -0.3% | — | — | -0.07 | -0.10 | 12.6 | -3.5 | 0.79 | — | 24.8 | 0.45% | ₹144 Cr | 1.5y | |
| Bandhan BSE India SecTor Leaders Index Bandhan | 56 | Hold | — | — | — | — | — | — | — | — | — | 23.2 | 0.38% | ₹26 Cr | 1.0y | |
| Motilal Oswal Nifty 200 Momentum 30 Index Motilal Oswal | 55 | Hold | 1.8% | 11.2% | — | 0.24 | 0.33 | 19.6 | -3.3 | 1.26 | — | 23.0 | 1.15% | ₹946 Cr | 4.6y | |
| Bandhan Nifty 100 Low Volatility 30 Index Bandhan | 55 | Hold | -2.4% | 10.6% | — | — | — | — | — | — | — | 22.6 | 0.49% | ₹1.7k Cr | 3.9y | |
| UTI BSE Low Volatility Index UTI | 55 | Hold | -5.3% | 8.3% | — | 0.16 | 0.23 | 11.3 | -2.6 | 0.70 | — | 22.6 | 0.50% | ₹476 Cr | 4.5y | |
| Nippon India Nifty 500 Quality 50 Index Nippon India | 55 | Hold | 3.2% | — | — | 0.14 | 0.20 | 15.3 | 1.6 | 1.03 | — | 22.4 | 0.72% | ₹44 Cr | 1.3y | |
| ABSL BSE 500 Momentum 50 Index Aditya Birla Sun Life | 54 | Hold | 7.9% | — | — | 0.11 | 0.16 | 17.1 | 4.2 | 1.14 | — | 24.5 | 0.84% | ₹74 Cr | 1.1y | |
| ICICI Pru Nifty 200 Momentum 30 Index ICICI Pru | 53 | Hold | 2.1% | 11.0% | — | 0.23 | 0.32 | 19.5 | -3.4 | 1.25 | — | 23.0 | 1.10% | ₹558 Cr | 4.1y | |
| HDFC Nifty100 Low Volatility 30 Index HDFC | 52 | Hold | -2.4% | — | — | -0.42 | -0.58 | 11.8 | -1.9 | 0.75 | — | 22.6 | 0.52% | ₹227 Cr | 2.2y | |
| Edelweiss Nifty 500 MultiCap Momentum Quality 50 Index Edelweiss | 52 | Hold | 1.7% | — | — | — | — | — | — | — | — | — | 0.93% | ₹597 Cr | 1.8y | |
| Nippon India Nifty 500 Low Volatility 50 Index Nippon India | 52 | Hold | -0.6% | — | — | -0.08 | -0.11 | 11.5 | -1.3 | 0.79 | — | 19.9 | 0.68% | ₹29 Cr | 1.3y | |
| Tata Nifty 200 Alpha 30 Index Tata | 51 | Hold | 6.6% | — | — | — | — | — | — | — | — | — | 0.92% | ₹198 Cr | 2.0y | |
| Bandhan Nifty 500 Value 50 Index Bandhan | 51 | Hold | 15.7% | — | — | 0.03 | 0.04 | 17.6 | 3.1 | 1.08 | — | 8.8 | 0.74% | ₹38 Cr | 1.9y | |
| Kotak Nifty Alpha 50 Index Kotak | 51 | Hold | 11.3% | — | — | 0.14 | 0.19 | 18.7 | 7.0 | 1.23 | — | 18.2 | 0.96% | ₹40 Cr | 1.1y | |
| DSP Nifty Midcap 150 Quality 50 Index DSP | 50 | Hold | 0.5% | 9.1% | — | 0.17 | 0.23 | 15.4 | -3.6 | 0.98 | — | — | 0.57% | ₹433 Cr | 4.1y | |
| HDFC Nifty 200 Momentum 30 Index Dir HDFC | 50 | Hold | 2.0% | — | — | — | — | — | — | — | — | 23.0 | 1.12% | ₹609 Cr | 2.5y | |
| Axis Nifty 500 Momentum 50 Index Axis | 48 | Hold | 7.3% | — | — | — | — | — | — | — | — | 26.7 | 0.98% | ₹163 Cr | 1.6y | |
| UTI Nifty Midcap 150 Quality 50 Index UTI | 43 | Avoid | 0.3% | 9.0% | — | 0.16 | 0.22 | 15.4 | -3.7 | 0.98 | — | — | 0.77% | ₹250 Cr | 4.4y | |
| SBI Nifty 100 Low Volatility 30 Index SBI | 43 | Avoid | -2.4% | — | — | — | — | — | — | — | — | 22.6 | 0.51% | ₹60 Cr | 1.2y | |
| Kotak Nifty 200 Quality 30 Index Kotak | 40 | Avoid | -1.8% | — | — | -0.58 | -0.76 | 13.1 | -3.5 | 0.85 | — | 24.3 | 0.39% | ₹17 Cr | 1.2y | |
| Bandhan Nifty 200 Momentum 30 Index Bandhan | 39 | Avoid | 1.9% | 10.8% | — | — | — | — | — | — | — | 24.3 | 1.20% | ₹122 Cr | 4.0y | |
| ICICI Pru Nifty 200 Quality 30 Index ICICI Pru | 38 | Avoid | -2.0% | — | — | — | — | — | — | — | — | — | 0.52% | ₹27 Cr | 1.3y | |
| Bandhan Nifty Alpha Low Volatility 30 Index Bandhan | 37 | Avoid | 1.1% | — | — | -0.35 | -0.48 | 12.8 | -7.0 | 0.84 | — | 24.2 | 0.70% | ₹9 Cr | 1.6y | |
| Nippon India Nifty 50 Value 20 Index Nippon India | 36 | Avoid | -5.5% | 6.2% | 7.6% | -0.02 | -0.03 | 13.2 | -5.4 | 0.81 | — | 14.2 | 0.64% | ₹842 Cr | 5.5y | |
| ICICI Pru Nifty50 Value 20 Index ICICI Pru | 35 | Avoid | -5.4% | — | — | -0.45 | -0.62 | 13.4 | -7.7 | 0.81 | — | 14.2 | 0.67% | ₹101 Cr | 2.6y | |
| Edelweiss Nifty Alpha Low Volatility 30 Index Edelweiss | 35 | Avoid | 1.0% | — | — | -0.49 | -0.66 | 13.5 | -6.2 | 0.84 | — | 24.2 | 0.76% | ₹96 Cr | 2.3y | |
| Nippon India Nifty 500 Momentum 50 Index Nippon India | 32 | Avoid | 7.8% | — | — | -0.70 | -0.94 | 20.5 | -5.5 | 1.30 | — | 26.7 | 0.95% | ₹1.2k Cr | 1.9y | |
| SBI Nifty 200 Momentum 30 Index SBI | 31 | Avoid | 1.9% | — | — | — | — | — | — | — | — | 23.0 | 1.23% | ₹116 Cr | 1.2y | |
| UTI Nifty 200 Quality 30 Index UTI | 30 | Avoid | -2.0% | — | — | -0.92 | -1.23 | 13.8 | -6.6 | 0.85 | — | 24.3 | 0.69% | ₹545 Cr | 2.0y | |
| UTI Nifty Alpha Low Volatility 30 Index UTI | 30 | Avoid | 0.9% | — | — | -0.72 | -0.97 | 12.8 | -6.0 | 0.84 | — | 24.2 | 0.92% | ₹76 Cr | 1.8y | |
| Bandhan Nifty 200 Quality 30 Index Bandhan | 30 | Avoid | -2.0% | — | — | -0.67 | -0.90 | 13.6 | -6.3 | 0.85 | — | 24.3 | 0.49% | ₹13 Cr | 1.8y | |
| Motilal Oswal BSE Low Volatility Index Motilal Oswal | 29 | Avoid | -5.4% | 8.3% | — | — | — | — | — | — | — | 22.6 | 0.46% | ₹72 Cr | 4.5y | |
| Motilal Oswal Nifty 500 Momentum 50 Index Motilal Oswal | 26 | Avoid | 6.8% | — | — | -0.71 | -0.95 | 20.5 | -5.7 | 1.30 | — | 26.7 | 1.16% | ₹793 Cr | 1.9y | |
| Bandhan Nifty 500 Momentum 50 Index Bandhan | 20 | Avoid | 7.0% | — | — | -0.56 | -0.76 | 19.9 | -8.2 | 1.28 | — | 26.7 | 1.14% | ₹38 Cr | 1.9y | |
| Kotak Nifty 500 Momentum 50 Index Kotak | 16 | Avoid | — | — | — | — | — | — | — | — | — | 26.7 | 1.11% | ₹24 Cr | 0.8y | |
| Baroda BNP Paribas Nifty 200 Momentum 30 Index Baroda BNP Paribas | 15 | Avoid | 1.6% | — | — | — | — | — | — | — | — | — | 1.36% | ₹22 Cr | 1.9y | |
| Kotak Nifty 200 Value 30 Index Kotak | 7 | Avoid | — | — | — | — | — | — | — | — | — | 23.0 | 1.17% | ₹13 Cr | 0.6y | |
| Kotak Nifty Alpha Low Volatility 30 Index Kotak | 1 | Avoid | — | — | — | — | — | — | — | — | — | 24.2 | — | ₹7 Cr | 0.2y |
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 55 Index — Factor / Smart Beta funds with a FundLens Smart Score of 86/100 (Strong Buy). It returned 22.0% over 3 years at a 0.54% expense ratio (direct plan). Rankings are recomputed from data updated 05 Sept 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 1.08 (Sharpe 0.81) — 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?
HDFC BSE India SecTor Leaders Index charges 0.30% 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?
Kotak Nifty Alpha Low Volatility 30 Index manages ₹7 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