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  Index Funds

Index Funds today are a source of investment for investors looking at a long term, less risky form of investment. The success of index funds depends on their low volatility and therefore the choice of the index.

IISL’s indices are used by a number of well known mutual funds in India for promoting Index Funds. Details of some of these funds are as follows:

Index Funds :

Sr. No. Index Fund Index Launched Issuer
1 Principal Index Fund S&P CNX Nifty Jul 1999 Principal PNB AMC Pvt. Ltd
2 UTI Nifty Index Fund S&P CNX Nifty Mar 2000 UTI AMC Pvt. Ltd.
3 Franklin India Index Fund S&P CNX Nifty Jun 2000 Franklin Templeton AMC (India) Pvt. Ltd.
4 SBI Magnum Index Fund S&P CNX Nifty Dec 2001 SBI Funds Management Ltd.
5 ICICI Prudential Index Fund S&P CNX Nifty Feb 2002 ICICI Prudential AMC Ltd.
6 HDFC Index Fund – Nifty Plan S&P CNX Nifty Jul 2002 HDFC AMC Ltd.
7 Birla Sun Life Index Fund S&P CNX Nifty Sep 2002 Birla Sun Life AMC Ltd.
8 LICMF Index Fund – Nifty Plan S&P CNX Nifty Nov 2002 LIC Mutual Fund AMC Ltd
9 Tata Index Fund-Nifty Plan S&P CNX Nifty Feb 2003 Tata AMC Pvt. Ltd
10 ING Large Cap Equity Fund S&P CNX Nifty Jan 2004 ING Investment Management (I) Ltd.
11 Canara Robeco Nifty Index Fund S&P CNX Nifty Sep 2004 Canara Robeco AMC Ltd.
12 JM Nifty Plus Fund S&P CNX Nifty Jun 2009 JM Financial AMC Pvt. Ltd.
13 IDFC Nifty Fund S&P CNX Nifty May 2010 IDFC AMC Ltd
14 Taurus Nifty Index Fund S&P CNX Nifty Jun 2010 Taurus AMC Ltd
15 IDBI Nifty Index Fund S&P CNX Nifty Jun 2010 IDBI Asset Management Ltd.
16 Reliance Index Fund- Nifty Plan S&P CNX Nifty Sep 2010 Reliance Capital Asset Management Ltd.
17 Benchmark S&P CNX 500 Fund S&P CNX 500 Nov 2008 Benchmark AMC Pvt. Ltd.
18 ICICI Prudential Nifty Junior Index Fund CNX Nifty Junior Jun 2010 ICICI Prudential AMC Ltd.
19 IDBI Nifty Junior Index Fund CNX Nifty Junior Sep 2010 IDBI Asset Management Ltd.

Exchange Traded Fund :

Domestic

Sr.No. SYMBOL Index Launched Issuer
1 NIFTYBEES S&P CNX Nifty Jan 2002 Goldman Sachs Asset Management (India) Private Ltd.
2 UTISUNDER S&P CNX Nifty Jul 2003 UTI AMC Private Ltd.
3 QNIFTY S&P CNX Nifty May 2008 Quantum AMC Private Ltd.
4 KOTAK NIFTY S&P CNX Nifty Jan 2010 Kotak Mahindra AMC Ltd.
5 RELGRNIFTY S&P CNX Nifty Jun 2010 Religare AMC Ltd.
6 BSLNIFTY S&P CNX Nifty  Jul 2011 Birla Sun Life Mutual Fund
7 IIFLNIFTY S&P CNX Nifty Oct-2011 India Infoline Asset Management Co. Ltd.
8 SHARIABEES S&P CNX Nifty Shariah Jan 2009

Goldman Sachs Asset Management (India) Private Ltd.
9 PSUBNKBEES CNX PSU Bank Oct 2007 Goldman Sachs Asset Management (India) Private Ltd.
10 KOTAKPSUBK CNX PSU Bank Oct 2007 Kotak Mahindra AMC Ltd.
11 JUNIORBEES CNX Nifty Junior Feb 2003 Goldman Sachs Asset Management (India) Private Ltd.
12 M100 CNX Midcap Jan 2011 Motilal Oswal AMC Ltd.
13 INFRABEES CNX Infrastructure Sep 2010 Goldman Sachs Asset Management (India) Private Ltd.
14 BANKBEES CNX Bank May 2004 Goldman Sachs Asset Management (India) Private Ltd.
15 RELBANK CNX Bank Aug 2008 Reliance Capital AMC Ltd.


International

Sr. No. ETF Index Launched Issuer
1 db X-trackers S&P CNX Nifty Jul 2007 Deutsche Bank AG
2 Lyxor ETF India S&P CNX Nifty Sep 2007 Lyxor International Asset Management
3 NEXT FUNDS S&P CNX Nifty Linked ETF S&P CNX Nifty Nov 2009 Nomura Asset Management
4 Listed Index Fund S&P CNX Nifty Futures S&P CNX Nifty Oct 2009 Nikko Asset Management
5 iShares S&P India Nifty 50 Index Fund S&P CNX Nifty Nov 2009 Black Rock Institutional Trust Company, N.A
6 iShares S&P CNX Nifty India Swap ETF S&P CNX Nifty Sep 2010 Black Rock Institutional Trust Company, N.A

"The above information is only for convenience purposes. Please refer to the Scheme Information Document for complete details."

For more information on Index Funds, download

a.  IISL workbook on Index Funds
b.  Tracking Error

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Last updated on June 14, 2010.