NIFTY Auto Index Funds & ETFs — Key Metrics
Compare all passive mutual funds and ETFs tracking NIFTY Auto by live tracking error, direct expense ratio (TER), and AUM.
NIFTY Auto Category Summary & Statistics
Active Index Funds / ETFs
6
Tracking NIFTY Auto
Category Avg. Expense Ratio
0.51%
Avg Direct Plan TER
Lowest Expense Ratio
0.20%
ICICI Prudential Nifty Auto ETF
Highest AUM
₹451.95 Cr
Nippon India Nifty Auto ETF
Lowest Tracking Error
0.0500%
Nippon India Nifty Auto ETF
NIFTY Auto — Key Insights & Category Highlights
- Lowest Tracking Error: Nippon India Nifty Auto ETF leads with 0.05% annualized tracking error (category average is 0.10%).
- Lowest Cost Leader: ICICI Prudential Nifty Auto ETF charges the lowest direct expense ratio (TER) at 0.20% vs category average of 0.51%.
- Category Scale: ₹1,215 Cr combined AUM across 6 schemes (4 Index Funds, 2 ETFs), led by Nippon India Nifty Auto ETF (₹452 Cr).
- Expense Ratio Spread: Direct TER ranges from 0.20% to 1.24% (a 1.04% annual fee gap that compounds into tracking difference).
- Tracking Error Variance: Replication error varies from 0.05% to 0.18%. Compare multi-year consistency on the historical chart below.
- Liquidity Watchout: 1 scheme tracking NIFTY Auto report AUM under ₹50 Cr; ETF buyers should verify exchange order-book depth and impact cost.
NIFTY Auto Historical Tracking Error & TER Comparison Chart
Fetching historical time-series for NIFTY Auto...
NIFTY Auto — Fund Directory & Metrics Breakdown
Nippon India Nifty Auto ETF | ETF | Very High | 0.0500% | 0.23% | ₹451.95 Cr | 2026-09-30 |
ICICI Prudential Nifty Auto ETFPast: 2026-07-31 | ETF | Very High | 0.0600% | 0.20% | ₹222.81 Cr | 2026-07-31 |
ICICI Prudential Nifty Auto Index Fund | Mutual Fund | Very High | 0.0700% | 0.35% | ₹241.45 Cr | 2026-09-30 |
HDFC Nifty Auto Index Fund | Mutual Fund | Very High | 0.1000% | 1.24% | ₹145.63 Cr | 2026-09-30 |
Tata Nifty Auto Index fund | Mutual Fund | Very High | 0.1300% | 0.50% | ₹107.75 Cr | 2026-09-30 |
Nippon India Nifty Auto Index Fund | Mutual Fund | Low | 0.1800% | 0.54% | ₹45.50 Cr | 2026-09-30 |
Peer Equity Benchmark Indices
All Passive FundsEquity BenchmarksNIFTY Auto
Evaluation Methodology: Tracking Error, Expense Ratio & Debt Metrics
Calculated as the annualized standard deviation of daily excess returns: TE = √250 × σ(R_fund − R_index). Lower tracking error signifies tighter replication discipline and minimal cash drag.
A lower TER directly mitigates return drag over compounding horizons. Higher AUM funds generally feature tighter bid-ask spreads on exchange order books and robust secondary market liquidity.
Yield to Maturity (YTM) indicates gross portfolio yield if securities are held to maturity. Modified duration gauges sensitivity to RBI repo rate changes—shorter duration reduces capital volatility.
Data Sourcing & Update Schedule: All scheme metrics are sourced directly from AMC Factsheets and updated once a month based on the availability and release schedules of factsheets from various AMCs.
Missing Data: Metrics where — is displayed indicate data missing in the AMC's factsheet or that the factsheet itself has not yet been published for the recent month.