ANGEL ONE NIFTY TOTAL MARKET INDEX FUND REGULAR PLAN GROWTH OPTION

ANGEL ONE NIFTY TOTAL MARKET INDEX FUND REGULAR PLAN GROWTH OPTION sits in the middle of the pack for Index Funds funds, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 58/100.

Cost: At 0.91%, the expense ratio runs 127% above the Index Funds category average of 0.4%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.29 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 14.41% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to cost-conscious investors happy to simply match the market rather than try to beat it. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.