ETF Mutual Funds in India
Updated June 2026 · 282 active funds · data from AMFI NAVs · benchmark: NIFTY 50 TRI
An Exchange Traded Fund (ETF) is a passive scheme whose units are listed and traded on the stock exchange, so you buy and sell them through a demat and broking account at live market prices during trading hours - unlike a regular index fund that transacts at end-of-day NAV. Like index funds, ETFs aim to replicate a stated index (equity indices such as NIFTY 50 or NIFTY Bank, or asset-class trackers for gold, bonds, or international indices) and sit in SEBI's passive category. What an ETF holds is dictated by its index, so risk and return mirror that underlying basket: an equity ETF carries full equity-market risk, a gold ETF moves with gold prices. ETFs are typically very low cost and useful for tactical or core exposure when you already trade on an exchange, though the price you transact at can drift slightly from the underlying NAV (iNAV) depending on on-screen liquidity. The default benchmark on FindMF is the ETF's stated index, and FindMF computes returns, volatility, drawdown, and where data allows tracking-related and alpha/beta metrics from AMFI-published NAVs under one disclosed methodology - note our return math uses NAV, not the traded market price.
Who it suits: Investors with a demat account who want very low-cost, exchange-traded index or asset-class exposure and can manage intraday liquidity.
45% of the 182 funds here with a computed alpha beat their benchmark over the measured window (positive alpha). Past performance is not indicative; this is analysis, not advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Mirae Asset NYSE FANG + ETF Mirae Asset | +33.92% | +37.86% | +26.50% | 0.84 | -43.6% | - | ₹3.3K Cr |
| 2 | Motilal Oswal Nasdaq 100 ETF (MOFN100) Motilal Oswal | +50.78% | +33.05% | - | - | - | - | ₹11.3K Cr |
| 3 | CPSE ETF Nippon India | +3.21% | +31.26% | +29.27% | 1.20 | -28.0% | - | ₹25.6K Cr |
| 4 | Motilal Oswal Nasdaq Q50 ETF Motilal Oswal | +67.22% | +30.84% | - | 0.43 | -31.0% | - | ₹134 Cr |
| 5 | Motilal Oswal BSE Enhanced Value ETF Motilal Oswal | +7.62% | +29.87% | - | 1.05 | -21.8% | - | ₹136 Cr |
| 6 | Mirae Asset S&P 500 Top 50 ETF Mirae Asset | +36.11% | +28.21% | - | 0.85 | -22.6% | 0.02% | ₹993 Cr |
| 7 | ICICI Prudential Nifty PSU Bank ETF ICICI Prudential | +17.19% | +27.66% | - | 0.84 | -29.7% | - | ₹113 Cr |
| 8 | Kotak Nifty PSU Bank ETF Kotak Mahindra | +17.07% | +27.46% | +27.99% | 0.87 | -29.8% | - | ₹2.4K Cr |
| 9 | Nippon India ETF Nifty PSU Bank BeES Nippon India | +17.07% | +27.45% | +28.01% | 0.87 | -29.8% | - | ₹4.2K Cr |
| 10 | Motilal Oswal BSE Healthcare ETF Motilal Oswal | +7.39% | +25.28% | - | 0.85 | -16.1% | - | ₹41 Cr |
| 11 | Nippon India Nifty Pharma ETF Nippon India | +10.86% | +24.25% | - | 0.35 | -21.0% | - | ₹1.0K Cr |
| 12 | Aditya Birla Sun Life Nifty Healthcare ETF Aditya Birla Sun Life | +8.81% | +23.59% | - | 0.47 | -18.3% | - | ₹58 Cr |
| 13 | ICICI Prudential Nifty Healthcare ETF ICICI Prudential | +8.89% | +23.44% | +12.75% | 0.43 | -20.6% | - | ₹144 Cr |
| 14 | Axis NIFTY Healthcare ETF Axis | +8.63% | +23.17% | +12.53% | 0.42 | -20.7% | - | ₹20 Cr |
| 15 | Nippon India Nifty Auto ETF Nippon India | +9.18% | +21.59% | - | 0.75 | -28.3% | - | ₹404 Cr |
| 16 | BHARAT 22 ETF ICICI Prudential | +4.19% | +21.41% | +23.57% | 1.08 | -21.8% | - | ₹11.8K Cr |
| 17 | Motilal Oswal Nifty Midcap 100 ETF Motilal Oswal | +0.41% | +20.87% | +17.46% | 0.77 | -22.6% | - | ₹759 Cr |
| 18 | Mirae Asset Nifty India Manufacturing ETF Mirae Asset | +7.05% | +20.44% | - | 0.66 | -23.2% | 0.08% | ₹233 Cr |
| 19 | Mirae Asset Nifty Midcap 150 ETF Mirae Asset | +0.08% | +19.88% | - | 0.69 | -21.0% | - | ₹1.4K Cr |
| 20 | Nippon India ETF Nifty Midcap 150 Nippon India | -0.06% | +19.73% | +16.73% | 0.76 | -21.2% | - | ₹2.9K Cr |
Ranked by trailing return (3Y where available, else 1Y) on funds with at least one year of history. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.
Frequently asked questions
How are ETF gains taxed?
Taxation follows the underlying asset. An equity ETF (at least 65% Indian equity, e.g. a NIFTY 50 ETF) is taxed as equity: short-term gains on units held under 12 months at 20%, long-term gains (12 months or more) at 12.5% above Rs 1.25 lakh per year. A debt/bond ETF, a gold ETF, or any ETF with under 35% equity bought on or after 1 April 2023 has its entire capital gain taxed at your income-tax slab rate regardless of holding period, with no indexation benefit. Confirm your specific ETF's classification.
What is a reasonable expense ratio, and how do I compare ETFs?
ETFs are usually the lowest-cost way to track an index, often cheaper than the index-fund version. Within the same index, compare the expense ratio plus on-exchange liquidity - a thinly traded ETF can have a wide bid-ask spread and trade away from its iNAV, which is a hidden cost. Prefer low expense ratio, tight tracking, and healthy trading volume. FindMF shows the disclosed expense ratio and NAV-based metrics for comparison.
Why might the price I pay differ from the ETF's NAV?
ETF units trade on the exchange at prices set by supply and demand, which can be slightly above (premium) or below (discount) the indicative NAV (iNAV), especially in low-liquidity ETFs or volatile markets. Liquid ETFs with active market-makers usually track iNAV closely. FindMF's returns are computed from AMFI-published NAV, not the traded market price, so your realised return can differ from what we show.
Do I need a demat account to buy an ETF?
Yes. Because ETFs are listed securities, you buy and sell them through a stockbroker into a demat account, unlike index funds which you can buy directly from the AMC without demat. If you do not have a demat account, an equivalent index fund may give you similar exposure.