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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:

  1. Index Funds :


    1. Principal Index Fund launched by Principal PNB AMC Pvt. Ltd. in July 1999.

    2. UTI Nifty Index Fund launched by UTI AMC Pvt. Ltd. in March 2000.

    3. Franklin India Index Fund launched by Franklin Templeton AMC (India) Pvt.Ltd. in June 2000.

    4. Franklin India Tax Fund launched by Franklin Templeton AMC (India) Pvt.Ltd. in February 2001.

    5. SBI Magnum Index Fund launched by SBI Funds Management Ltd. in December 2001.


    6. ICICI Prudential Index Fund launched ICICI Prudential AMC Ltd. in February 2002.

    7. HDFC Index Fund – Nifty Plan launched by HDFC AMC Ltd. in July 2002.

    8. Birla Index Fund launched by Birla Sun Life AMC Ltd. in September 2002.

    9. LICMF Index Fund – Nifty Plan launched by LIC Mutual Fund AMC Ltd. in November 2002.

    10. Tata Index Fund-Nifty Plan launched by Tata AMC Pvt. Ltd. in February 2003.

    11. ING Vysya Nifty Plus Fund launched by ING Investment Management (I) Ltd. in January 2004.

    12. Canara Robeco Nifty Index Fund launched by Canara Robeco AMC Ltd. in September 2004.

    13. Benchmark S&P CNX 500 Fund launched by Benchmark AMC Pvt. Ltd. in November 2008

    14. JM Nifty Plus Fund launched by JM Financial AMC Pvt. Ltd. in June 2009.

    15. IDFC Nifty Fund launched by IDFC AMC Ltd. in May 2010.

  2. Exchange Traded Fund :


    1. NIFTY BeES an Exchange Traded Fund launched by Benchmark AMC Pvt. Ltd in January 2002.

    2. Junior BeES an Exchange Traded Fund on CNX Nifty Junior, launched by Benchmark AMC Pvt. Ltd in February 2003.

    3. SUNDER an Exchange Traded Fund launched by UTI in July 2003.

    4. Bank BeES an Exchange Traded Fund (ETF) launched by Benchmark AMC Pvt. Ltd. in May 2004.

    5. Lyxor ETF India launched by Lyxor International Asset Management in September 2007.

    6. db X-trackers S&P CNX Nifty ETF launched by Deutsche Bank AG in July 2007.

    7. PSU Bank Exchange Traded Scheme launched by Benchmark AMC Pvt. Ltd. in October 2007.



    8. KOTAK PSU BANK Exchange Traded Scheme launched by Kotak Mahindra AMC Ltd in October 2007.



    9. Reliance Banking ETF launched by Reliance Capital AMC Ltd. in August 2008.



    10. Quantum Index Fund-Exchange Traded Fund launched by Quantum AMC Pvt Ltd. in May 2008.

    11. Shariah Benchmark Exchange Traded Scheme (Shariah BeES) launched by Benchmark AMC Pvt. Ltd. in January 2009.
       

    12. Kotak Nifty ETF launched by Kotak Mahindra AMC Ltd. in January 2010.

"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.