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The INDEX function returns a value or the reference to a value from within a table or range. There are two ways to use the INDEX function: If you want to return the value of a specified cell or array of cells, see Array form. If you want to return a reference to specified cells, see Reference form.
When to Use Function-Based Indexes. A function-based index computes the value of an expression that involves one or more columns and stores it in the index. The index expression can be an arithmetic expression or an expression that contains a SQL function, PL/SQL function, package function, or C callout. Function-based indexes also support linguistic sorts based on collation keys, efficient linguistic collation of SQL statements, and case-insensitive sorts.