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
0
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 | 77 | Buy | 9.2% | 26.3% | — | 0.92 | 1.24 | 21.5 | 10.6 | 1.29 | — | 7.5 | 0.41% | ₹2.2k Cr | 3.9y | |
| HDFC BSE India SecTor Leaders Index HDFC | 77 | Buy | — | — | — | — | — | — | — | — | — | 22.4 | 0.24% | ₹186 Cr | 0.7y | |
| UTI Nifty 500 Value 50 Index UTI | 75 | Buy | 13.9% | 26.8% | — | 0.98 | 1.30 | 20.8 | 11.2 | 1.27 | — | 8.5 | 0.68% | ₹775 Cr | 3.2y | |
| Axis Nifty 500 Value 50 Index Axis | 75 | Buy | 14.4% | — | — | — | — | — | — | — | — | 8.5 | 0.33% | ₹219 Cr | 1.7y | |
| Axis Nifty 500 Momentum 50 Index Axis | 73 | Buy | 0.7% | — | — | — | — | — | — | — | — | 29.1 | 0.22% | ₹163 Cr | 1.4y | |
| Motilal Oswal BSE Quality Index Motilal Oswal | 72 | Buy | 3.3% | 14.5% | — | 0.54 | 0.74 | 14.8 | 1.3 | 0.94 | — | 23.6 | 0.40% | ₹62 Cr | 3.9y | |
| Axis Nifty 500 Quality 50 Index Axis | 71 | Buy | — | — | — | — | — | — | — | — | — | 22.2 | 0.16% | ₹77 Cr | 0.9y | |
| Nippon India Nifty Alpha Low Volatility 30 Index Nippon India | 70 | Buy | 1.9% | 12.1% | — | 0.43 | 0.59 | 13.1 | -0.5 | 0.84 | — | 23.4 | 0.41% | ₹1.3k Cr | 3.9y | |
| Tata BSE Quality Index Tata | 67 | Buy | 3.1% | — | — | 0.62 | 0.91 | 14.4 | 2.8 | 0.91 | — | 23.6 | 0.42% | ₹58 Cr | 1.3y | |
| UTI Nifty 200 Momentum 30 Index UTI | 66 | Buy | -0.9% | 13.0% | 12.0% | 0.33 | 0.45 | 19.6 | -2.5 | 1.26 | — | 25.1 | 0.47% | ₹8.4k Cr | 5.4y | |
| HDFC Nifty 200 Momentum 30 Index Dir HDFC | 66 | Buy | -1.1% | — | — | — | — | — | — | — | — | 25.1 | 0.37% | ₹620 Cr | 2.4y | |
| Kotak Nifty 200 Momentum 30 Index Kotak | 65 | Buy | -0.9% | 12.7% | — | 0.32 | 0.43 | 19.5 | -2.8 | 1.26 | — | 25.1 | 0.30% | ₹575 Cr | 3.1y | |
| ABSL BSE 500 Quality 50 Index Aditya Birla Sun Life | 65 | Buy | — | — | — | — | — | — | — | — | — | 23.8 | 0.28% | ₹75 Cr | 1.0y | |
| Motilal Oswal Nifty 200 Momentum 30 Index Motilal Oswal | 62 | Buy | -1.2% | 12.7% | — | 0.32 | 0.43 | 19.6 | -2.8 | 1.26 | — | 25.1 | 0.33% | ₹972 Cr | 4.4y | |
| Kotak Nifty 100 Low Volatility 30 Index Kotak | 61 | Hold | 1.2% | — | — | -0.21 | -0.29 | 11.8 | -1.3 | 0.75 | — | 22.0 | 0.32% | ₹113 Cr | 2.1y | |
| Axis BSE India SecTors Leaders Index Axis | 58 | Hold | — | — | — | — | — | — | — | — | — | 22.4 | 0.27% | ₹32 Cr | 0.5y | |
| ICICI Pru Nifty 200 Momentum 30 Index ICICI Pru | 57 | Hold | -1.0% | 12.5% | — | 0.31 | 0.42 | 19.5 | -3.0 | 1.25 | — | 25.1 | 0.37% | ₹561 Cr | 4.0y | |
| Bandhan Nifty Alpha 50 Index Bandhan | 57 | Hold | 2.6% | — | — | 0.33 | 0.44 | 22.6 | -3.9 | 1.38 | — | 19.1 | 0.40% | ₹578 Cr | 2.7y | |
| Nippon India Nifty 500 Low Volatility 50 Index Nippon India | 56 | Hold | 3.5% | — | — | 0.13 | 0.18 | 11.8 | 0.3 | 0.79 | — | 19.2 | 0.44% | ₹29 Cr | 1.2y | |
| DSP Nifty Midcap 150 Quality 50 Index DSP | 55 | Hold | -2.9% | 11.3% | — | 0.31 | 0.43 | 15.4 | -2.2 | 0.98 | — | — | 0.33% | ₹434 Cr | 4.0y | |
| HDFC Nifty100 Low Volatility 30 Index HDFC | 54 | Hold | 1.1% | — | — | -0.35 | -0.49 | 12.0 | -1.4 | 0.75 | — | 22.0 | 0.41% | ₹222 Cr | 2.0y | |
| SBI Nifty 200 Quality 30 Index SBI | 54 | Hold | -1.7% | — | — | — | — | — | — | — | — | 23.6 | 0.39% | ₹312 Cr | 1.2y | |
| Bandhan Nifty 100 Low Volatility 30 Index Bandhan | 52 | Hold | 1.1% | 11.1% | — | — | — | — | — | — | — | 23.4 | 0.38% | ₹1.7k Cr | 3.8y | |
| HDFC Nifty100 Quality 30 Index HDFC | 52 | Hold | 0.1% | — | — | -0.11 | -0.15 | 12.8 | -4.8 | 0.79 | — | 24.1 | 0.36% | ₹143 Cr | 1.4y | |
| Motilal Oswal BSE Low Volatility Index Motilal Oswal | 50 | Hold | -2.2% | 9.7% | — | 0.28 | 0.39 | 11.3 | -1.9 | 0.70 | — | 22.2 | 0.36% | ₹88 Cr | 4.3y | |
| Kotak Nifty Alpha Low Volatility 30 Index Kotak | 50 | Hold | — | — | — | — | — | — | — | — | — | 23.4 | 0.25% | ₹6 Cr | 0.1y | |
| Bandhan Nifty 200 Momentum 30 Index Bandhan | 49 | Hold | -1.1% | 12.3% | — | — | — | — | — | — | — | 25.1 | 0.41% | ₹125 Cr | 3.9y | |
| Tata Nifty 200 Alpha 30 Index Tata | 49 | Hold | 2.7% | — | — | — | — | — | — | — | — | — | 0.49% | ₹199 Cr | 1.9y | |
| ICICI Pru Nifty 200 Value 30 Index ICICI Pru | 49 | Hold | 16.4% | — | — | — | — | — | — | — | — | — | 0.61% | ₹214 Cr | 1.8y | |
| Bandhan BSE India SecTor Leaders Index Bandhan | 46 | Hold | — | — | — | — | — | — | — | — | — | 22.4 | 0.33% | ₹26 Cr | 0.9y | |
| Bandhan Nifty 500 Value 50 Index Bandhan | 45 | Hold | 13.9% | — | — | 0.09 | 0.12 | 18.1 | 3.6 | 1.09 | — | 8.5 | 0.62% | ₹37 Cr | 1.7y | |
| UTI Nifty Midcap 150 Quality 50 Index UTI | 44 | Avoid | -3.1% | 11.2% | — | 0.30 | 0.41 | 15.5 | -2.3 | 0.98 | — | — | 0.58% | ₹245 Cr | 4.3y | |
| Edelweiss Nifty 100 Quality 30 Index Edelweiss | 43 | Avoid | 0.3% | 9.6% | — | 0.25 | 0.34 | 12.4 | -2.2 | 0.76 | — | 24.1 | 0.53% | ₹134 Cr | 4.8y | |
| Edelweiss Nifty 500 MultiCap Momentum Quality 50 Index Edelweiss | 43 | Avoid | -3.3% | — | — | — | — | — | — | — | — | — | 0.45% | ₹596 Cr | 1.7y | |
| Bandhan Nifty Alpha Low Volatility 30 Index Bandhan | 42 | Avoid | 1.8% | — | — | -0.25 | -0.34 | 13.2 | -6.7 | 0.85 | — | 23.4 | 0.37% | ₹9 Cr | 1.5y | |
| Nippon India Nifty 500 Quality 50 Index Nippon India | 42 | Avoid | -1.2% | — | — | 0.21 | 0.30 | 15.9 | 1.8 | 1.03 | — | 22.2 | 0.63% | ₹43 Cr | 1.2y | |
| Kotak Nifty 200 Quality 30 Index Kotak | 41 | Avoid | -1.6% | — | — | — | — | — | — | — | — | 23.6 | 0.31% | ₹17 Cr | 1.1y | |
| ABSL BSE 500 Momentum 50 Index Aditya Birla Sun Life | 41 | Avoid | — | — | — | — | — | — | — | — | — | 26.2 | 0.41% | ₹68 Cr | 1.0y | |
| ICICI Pru Nifty50 Value 20 Index ICICI Pru | 39 | Avoid | -5.4% | — | — | -0.41 | -0.57 | 13.6 | -7.6 | 0.80 | — | 14.0 | 0.30% | ₹99 Cr | 2.5y | |
| Nippon India Nifty 50 Value 20 Index Nippon India | 38 | Avoid | -5.5% | 7.5% | 10.0% | 0.07 | 0.10 | 13.2 | -4.8 | 0.81 | — | 14.0 | 0.30% | ₹860 Cr | 5.4y | |
| Edelweiss Nifty Alpha Low Volatility 30 Index Edelweiss | 37 | Avoid | 1.8% | — | — | -0.43 | -0.58 | 13.8 | -5.9 | 0.84 | — | 23.4 | 0.46% | ₹95 Cr | 2.2y | |
| Nippon India Nifty 500 Momentum 50 Index Nippon India | 37 | Avoid | 1.2% | — | — | -0.76 | -1.01 | 20.9 | -7.0 | 1.31 | — | 29.1 | 0.29% | ₹1.3k Cr | 1.8y | |
| SBI Nifty 200 Momentum 30 Index SBI | 36 | Avoid | -1.1% | — | — | — | — | — | — | — | — | 25.1 | 0.49% | ₹128 Cr | 1.1y | |
| Kotak Nifty 500 Momentum 50 Index Kotak | 36 | Avoid | — | — | — | — | — | — | — | — | — | 29.1 | 0.38% | ₹24 Cr | 0.7y | |
| SBI Nifty 100 Low Volatility 30 Index SBI | 34 | Avoid | — | — | — | — | — | — | — | — | — | 22.0 | 0.42% | ₹60 Cr | 1.0y | |
| UTI Nifty Alpha Low Volatility 30 Index UTI | 32 | Avoid | 1.7% | — | — | -0.64 | -0.87 | 13.2 | -5.5 | 0.84 | — | 23.4 | 0.63% | ₹73 Cr | 1.6y | |
| UTI S&P BSE Low Volatility Index UTI | 31 | Avoid | -2.2% | 9.8% | — | — | — | — | — | — | — | — | 0.49% | ₹486 Cr | 4.4y | |
| Motilal Oswal Nifty 500 Momentum 50 Index Motilal Oswal | 26 | Avoid | 0.3% | — | — | -0.76 | -1.02 | 21.0 | -7.2 | 1.31 | — | 29.1 | 0.42% | ₹801 Cr | 1.8y | |
| Bandhan Nifty 200 Quality 30 Index Bandhan | 25 | Avoid | -1.8% | — | — | -0.67 | -0.91 | 13.9 | -7.0 | 0.85 | — | 23.6 | 0.41% | ₹11 Cr | 1.6y | |
| UTI Nifty 200 Quality 30 Index UTI | 23 | Avoid | -1.8% | — | — | -0.93 | -1.25 | 14.0 | -7.2 | 0.85 | — | 23.6 | 0.64% | ₹562 Cr | 1.8y | |
| Bandhan Nifty 500 Momentum 50 Index Bandhan | 23 | Avoid | 0.4% | — | — | -0.61 | -0.83 | 20.4 | -10.1 | 1.28 | — | 29.1 | 0.42% | ₹36 Cr | 1.7y | |
| ICICI Pru Nifty 200 Quality 30 Index ICICI Pru | 23 | Avoid | -1.7% | — | — | — | — | — | — | — | — | — | 0.44% | ₹25 Cr | 1.2y | |
| Kotak Nifty Alpha 50 Index Kotak | 21 | Avoid | — | — | — | — | — | — | — | — | — | 19.1 | 0.54% | ₹38 Cr | 1.0y | |
| Baroda BNP Paribas Nifty 200 Momentum 30 Index Baroda BNP Paribas | 15 | Avoid | -1.5% | — | — | — | — | — | — | — | — | — | 0.60% | ₹22 Cr | 1.8y | |
| Kotak Nifty 200 Value 30 Index Kotak | 9 | Avoid | — | — | — | — | — | — | — | — | — | 25.1 | 1.24% | ₹31 Cr | 0.5y |
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 77/100 (Buy). It returned 26.3% over 3 years at a 0.41% expense ratio (direct plan). Rankings are recomputed from data updated 22 Jul 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 1.30 (Sharpe 0.98) — 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?
Axis Nifty 500 Quality 50 Index charges 0.16% 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 ₹6 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