ICICI Pru NASDAQ 100 Index Fund leads index funds – other index mutual funds in three-year CAGR returns; delivers 31.0% gain
ICICI Pru NASDAQ 100 Index Fund delivered 31.0% CAGR returns over three years and 43.5% CAGR over the last one year, according to ACE MF data on July 6.
Moneycontrol Desk
July 07, 2026 / 13:22 IST
The three-year CAGR return chart for the index funds – other index mutual fund category is led by ICICI Pru NASDAQ 100 Index Fund, which delivered 31.0 percent. Motilal Oswal BSE Enhanced Value Index Fund and Motilal Oswal S&P 500 Index Fund occupy the next two positions with returns of 25.7 percent and 25.1 percent, respectively, according to ACE MF data on July 6.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, Motilal Oswal S&P 500 Index Fund has the largest corpus at Rs 4,580.4 crore.
The benchmark comparison is also important. ICICI Pru NASDAQ 100 Index Fund was ahead of its benchmark by 5.7 percentage points on a three-year basis, with the benchmark returning 25.3%. It was also ahead of its benchmark by 13.9 percentage points on a one-year basis, with the benchmark returning 29.6%.
The order changes on a one-month basis. Motilal Oswal Nifty Microcap 250 Index Fund delivered the strongest return among these five schemes at 6.2 percent.
The order changes on a three-month basis. Motilal Oswal Nifty Microcap 250 Index Fund delivered the strongest return among these five schemes at 25.9 percent.
The same scheme also stays ahead on the one-year return chart. ICICI Pru NASDAQ 100 Index Fund delivered 43.5 percent over this period.
Looking at more than one return period gives investors a fuller picture. The top performer in a recent window may differ from the fund that has delivered stronger longer-term returns.
Table: Top 5 index funds – other index funds by three-year CAGR return
| Fund name | 3-year return (%) | AUM (Rs crore) | 1-month return (%) | 3-month return (%) | 6-month return (%) | 1-year return (%) |
|---|---|---|---|---|---|---|
| ICICI Pru NASDAQ 100 Index Fund | 31.0 | 3,629.6 | 2.5 | 25.6 | 22.3 | 43.5 |
| Motilal Oswal BSE Enhanced Value Index Fund | 25.7 | 2,180.1 | -2.1 | 4.9 | -3.7 | 6.7 |
| Motilal Oswal S&P 500 Index Fund | 25.1 | 4,580.4 | 2.6 | 16.8 | 14.8 | 33.6 |
| Motilal Oswal Nifty Microcap 250 Index Fund | 22.0 | 2,352.1 | 6.2 | 25.9 | 11.1 | 3.2 |
| Nippon India Nifty Midcap 150 Index Fund | 18.7 | 2,486.1 | 3.2 | 14.2 | 1.9 | 4.3 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on July 6. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is an index funds – other index fund?
Index funds aim to replicate or track an underlying index. Their performance should be read against the benchmark being tracked and the fund’s tracking difference.