Zerodha Nifty 50 Index Fund - Direct Plan - Growth

Zerodha Nifty 50 Index Fund - Direct Plan - Growth holds up reasonably well within the Large Cap category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.

Cost: At 0.31%, the expense ratio is meaningfully cheaper — about 59% below the Large Cap category average of 0.76% (based on 252 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.07 — 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 14.37% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to conservative equity investors or those wanting a stable core holding, typically with a 3+ year horizon. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.