Index Funds repeat the collection of the particular index in such a way that it is BSE responsive index, NSE 50 index (Nifty). The index schemes put in the equities in the same load which comprises of an index. The NAVs of these schemes would increase or decrease in accordance to the increase or decrease in the index, although not exactly in same proportion due to several causes identified as "tracking error" in critical terms. Essential disclosures in this respect are prepared in offer article of this scheme.

Also, there are ETFs (exchange traded index funds) commenced by mutual funds, which are available on various stock exchanges.