Nifty Capital Markets: index funds and ETFs compared
Every scheme in AMFI's daily list that tracks the Nifty Capital Markets index: Direct Plan Growth options of index funds and funds of funds, and the ETFs. A newly launched scheme appears here automatically the evening AMFI lists it. Measures that need a year or more of history show N/A until then; nothing is estimated.
1 · All schemes
Returns from NAV, Direct Plan Growth, to each scheme's latest NAV. Over a year = annualised (CAGR). Launch = first NAV on record. TER, AUM, exit load and minimum SIP are copied from the factsheets with the date shown.
| Scheme | Type | Launch | NAV | TER | AUM | 1Y | 3Y | 5Y | Since launch | Tracking error | Tracking diff. | Exit load | Min SIP |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty Capital Markets Index Fund - Direct Plan - GrowthAxis · AMFI 154348 | Index fund | 25 May 2026 | ₹9.6986 4 Nov | not entered | not entered | N/A | N/A | N/A | -3.8% | 0.22% | -0.02% | not entered | not entered |
| Kotak Nifty Capital Markets Index Fund - Direct Plan - GrowthKotak Mahindra · AMFI 154754 | Index fund | 8 Oct 2026 | ₹10.542 4 Nov | not entered | not entered | N/A | N/A | N/A | N/A | N/A | N/A | not entered | not entered |
| Motilal Oswal Nifty Capital Market Index Fund - Direct Plan - GrowthMotilal Oswal · AMFI 153138 | Index fund | 20 Dec 2024 | ₹12.8964 4 Nov | not entered | not entered | +20.0% | N/A | N/A | +16.8% | 0.19% | -0.76% | not entered | not entered |
| Tata Nifty Capital Markets Index Fund - Direct Plan - GrowthTata · AMFI 152951 | Index fund | 30 Oct 2024 | ₹14.7709 4 Nov | not entered | not entered | +19.9% | N/A | N/A | +21.7% | 0.22% | -0.90% | not entered | not entered |
| Groww Nifty Capital Markets ETF FOF - Direct Plan - GrowthGroww · AMFI 153908 | ETF fund of fund | 8 Dec 2025 | ₹11.5095 4 Nov | not entered | not entered | N/A | N/A | N/A | +15.5% | 6.61% | -2.93% | not entered | not entered |
| Groww Nifty Capital Markets ETFGroww · AMFI 153907 | ETF | 3 Dec 2025 | ₹11.4505 4 Nov | not entered | not entered | N/A | N/A | N/A | +16.6% | 0.24% | -0.53% | not entered | not entered |
| Motilal Oswal Nifty Capital Market ETFMotilal Oswal · AMFI 153406 | ETF | 13 Mar 2025 | ₹54.4737 4 Nov | not entered | not entered | +20.0% | N/A | N/A | +45.8% | 0.19% | -0.76% | not entered | not entered |
| Nifty Capital Markets TRI (est.)The index itself, history from 13 Sep 2024 | Index | +20.7% | N/A | N/A |
Tracking error = annualised standard deviation of the daily return gap to the index; tracking difference = fund return minus index return (negative = fund behind, mostly its costs). Both over the last year, or since launch for younger schemes (hover the figure), against the index TRI estimated from NSE's price index plus its dividend yield, so they differ slightly from AMC-published figures. ETF rows use NAV, not market price.
2 · ETFs on the exchange
From the NSE daily bhavcopy, last 30 trading days. Premium / discount = market close against that day's NAV.
| ETF | Market close | Premium / discount | Average gap to NAV | Avg daily traded value | Days with no trade | TER | AUM | Bid-ask spread |
|---|---|---|---|---|---|---|---|---|
| Groww Nifty Capital Markets ETFISIN INF666M01MM4 | ₹11.38 4 Nov | -0.62% | 0.28% | ₹0.64 cr | 0 of 30 | not entered | not entered | N/A (order-book data is not public) |
| Motilal Oswal Nifty Capital Market ETFISIN INF247L01EV3 | ₹54.54 4 Nov | +0.12% | 0.21% | ₹3.47 cr | 0 of 30 | not entered | not entered | N/A (order-book data is not public) |
3 · Risk on identical dates
Every scheme below over the same window, 13 Mar 2025 to 4 Nov 2026 (from the latest launch among schemes with a year of history). Younger schemes are left out rather than compared on a shorter period.
| Scheme | Return (ann.) | Volatility | Max drawdown | Sharpe | Sortino | Up capture | Down capture | Rolling 1Y: worst / median / best | 1Y periods positive |
|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Capital Market Index Fund (Direct) | +45.7% | 25.7% | -14.1% | 1.43 | 2.31 | 99 | 101 | +7% / +25% / +56% | 100% |
| Tata Nifty Capital Markets Index Fund (Direct) | +45.5% | 25.7% | -14.2% | 1.42 | 2.30 | 99 | 101 | +6% / +24% / +56% | 100% |
| Motilal Oswal Nifty Capital Market ETF | +45.8% | 26.0% | -14.1% | 1.41 | 2.25 | 99 | 101 | +7% / +23% / +55% | 100% |
| Nifty Capital Markets TRI (est.) | +46.7% | 25.7% | -14.0% | 1.45 | 2.35 | 100 | 100 | +7% / +25% / +58% | 100% |
Sharpe and Sortino use the Nifty 1D Rate Index over the same days as the risk-free return. Up / down capture: the scheme's average month when the index rose (fell), as a share of the index's (100 = moved exactly with it; for down capture, lower is better). Rolling 1Y uses each scheme's whole history, so it covers different dates per scheme; 3-year and 5-year rolling returns need 3 and 5 years and are not available yet.
4 · One ranking per measure
Each list sorts the schemes on one fact only. They are not added up into an overall order: a low cost, a large fund or a recent return each says little on its own, and a scheme that leads one list can trail another.
Lowest TER
No data yet (enter it from the factsheets in admin).
Largest AUM
No data yet (enter it from the factsheets in admin).
Lowest tracking error
- Motilal Oswal Nifty Capital Market ETF0.19%
- Motilal Oswal Nifty Capital Market Index Fund0.19%
- Tata Nifty Capital Markets Index Fund0.22%
- Axis Nifty Capital Markets Index Fund0.22%
- Groww Nifty Capital Markets ETF0.24%
- Groww Nifty Capital Markets ETF FOF6.61%
No data: Kotak Mahindra
Smallest tracking difference
- Axis Nifty Capital Markets Index Fund0.02 pts
- Groww Nifty Capital Markets ETF0.53 pts
- Motilal Oswal Nifty Capital Market Index Fund0.76 pts
- Motilal Oswal Nifty Capital Market ETF0.76 pts
- Tata Nifty Capital Markets Index Fund0.90 pts
- Groww Nifty Capital Markets ETF FOF2.93 pts
No data: Kotak Mahindra
Longest history
- Tata Nifty Capital Markets Index Fund2.0 years
- Motilal Oswal Nifty Capital Market Index Fund1.9 years
- Motilal Oswal Nifty Capital Market ETF1.6 years
- Groww Nifty Capital Markets ETF0.9 years
- Groww Nifty Capital Markets ETF FOF0.9 years
- Axis Nifty Capital Markets Index Fund0.4 years
- Kotak Nifty Capital Markets Index Fund0.1 years
Return on the common window
- Motilal Oswal Nifty Capital Market ETF+45.8%
- Motilal Oswal Nifty Capital Market Index Fund+45.7%
- Tata Nifty Capital Markets Index Fund+45.5%
No data: Axis, Kotak Mahindra, Groww FoF, Groww ETF
5 · What the schemes hold
Every scheme here replicates the same index, so their portfolios are the index's constituents in index weights, plus a little cash: overlap between any two is close to 100%. Differences between them come from costs, cash drag and how closely each follows rebalancing, which is what tracking difference and error measure.
The index's constituent weights have not been entered yet (admin copies them from the monthly NSE factsheet). Meanwhile, the largest listed capital-markets companies in this site's data, which the index draws from — this is not the index portfolio:
| Company | M.cap | ROE 3Y | Sales 3Y | P/E | Quality screen (this site) |
|---|---|---|---|---|---|
| BSENSE: BSE | ₹1,46,899 cr | 36.1% | 77.0% | 51.90 | Rank 4 in sector |
| ICICI AMCNSE: ICICIAMC | ₹1,42,356 cr | 83.0% | 28.4% | 40.27 | Rank 5 in sector |
| BillionbrainsNSE: GROWW | ₹1,30,008 cr | 33.9% | 59.6% | 48.33 | Out at gate 5 · Cash |
| HDFC AMCNSE: HDFCAMC | ₹1,07,487 cr | 31.8% | 23.0% | 36.03 | Rank 7 in sector |
| SBI Funds Mgt.NSE: SBIFUNDS | ₹1,01,485 cr | 37.6% | 27.4% | 33.55 | Rank 8 in sector |
| Multi Comm. Exc.NSE: MCX | ₹84,530 cr | 36.4% | 64.9% | 54.78 | Rank 2 in sector |
| Nippon Life Ind.NSE: NAM-INDIA | ₹64,027 cr | 31.9% | 24.6% | 37.93 | Rank 3 in sector |
| Motil.Oswal.Fin.NSE: MOTILALOFS | ₹61,082 cr | 23.2% | 31.0% | 30.84 | Out at gate 4 · Balance sheet |
| 360 ONENSE: 360ONE | ₹45,785 cr | 18.3% | 29.5% | 36.71 | Out at gate 2 · Profitability |
| Anand Rathi Wea.NSE: ANANDRATHI | ₹38,123 cr | 42.2% | 31.0% | 84.05 | Out at gate 5 · Cash |
| Nuvama WealthNSE: NUVAMA | ₹34,069 cr | 27.7% | 27.8% | 31.50 | Out at gate 4 · Balance sheet |
| Angel OneNSE: ANGELONE | ₹28,545 cr | 25.1% | 19.6% | 24.65 | Out at gate 3 · Growth |
| C D S LNSE: CDSL | ₹27,667 cr | 29.2% | 27.3% | 58.74 | Out at gate 6 · Quality of earnings |
| Aditya AMCNSE: ABSLAMC | ₹24,750 cr | 26.4% | 15.1% | 25.00 | Rank 10 in sector |
| Cams ServicesNSE: CAMS | ₹17,278 cr | 39.8% | 15.0% | 38.09 | Rank 9 in sector |
| KFin Technolog.NSE: KFINTECH | ₹15,503 cr | 23.2% | 21.8% | 43.38 | Watchlist · one gate short |
| Prudent Corp.NSE: PRUDENT | ₹11,985 cr | 31.5% | 29.5% | 48.90 | Watchlist · one gate short |
| IIFL CapitalNSE: IIFLCAPS | ₹11,007 cr | 24.9% | 22.6% | 19.29 | Out at gate 5 · Cash |
| UTI AMCNSE: UTIAMC | ₹10,541 cr | 17.0% | 10.7% | 17.55 | Rank 13 in sector |
| Indian Energy ExNSE: IEX | ₹9,922 cr | 39.8% | 14.9% | 20.36 | Rank 6 in sector |
6 · Hypothetical SIP arithmetic
What a fixed monthly amount would grow to if it earned a steady 10%, 12%, 15% or 18% a year. These are arithmetic examples, not forecasts or expected returns for this theme: real returns are uneven and can be negative for years.
| ₹10,000 a month | Paid in | At 10% a year | At 12% a year | At 15% a year | At 18% a year |
|---|---|---|---|---|---|
| 5 years | ₹6,00,000 | ₹7,71,717 | ₹8,11,036 | ₹8,73,421 | ₹9,40,094 |
| 10 years | ₹12,00,000 | ₹20,14,576 | ₹22,40,359 | ₹26,30,182 | ₹30,90,801 |