Nifty Top 20 Equal Weight stocks list
NSEStrategy20 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 19.35
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 3.19
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 1.72%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −0.07%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −3.68%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- −11.82%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
At or below today's level on 4% of 247 trading days over the last 1 year.
P/E at each month's last trading day, and on 27 Oct 2026
What the Nifty Top 20 Equal Weight companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 19 companies that filed both.
- +15.6%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 20 companies that filed it; a loss counts as negative.
- ₹1,72,712 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 20 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 20of 20
- Median ROCEMedian return on capital employed. The middle figure of the 14 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 19.0%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the Nifty Top 20 Equal Weight, each sized by its market cap.
Market cap, ₹ crore
- Reliance Industries₹16,18,762 Cr
- Bharti Airtel₹12,35,000 Cr
- HDFC Bank₹10,48,773 Cr
- ICICI Bank₹9,95,620 Cr
- Tata Consultancy Services₹9,03,400 Cr
- State Bank of India₹8,72,400 Cr
- Bajaj Finance₹5,67,807 Cr
- Larsen & Toubro₹5,04,279 Cr
- Infosys₹4,71,978 Cr
- Kotak Mahindra Bank₹4,40,194 Cr
- Hindustan Unilever₹4,27,156 Cr
- Sun Pharmaceutical Industries₹4,20,172 Cr
Companies in the Nifty Top 20 Equal Weight
Largest first, by market cap.
HDFC BankHDFCBANK · Banks₹680.20−1.14%₹10,48,773 Cr13.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.91%−32.2%
ICICI BankICICIBANK · Banks₹1,386.90−1.15%₹9,95,620 Cr16.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.87%+0.7%
State Bank of IndiaSBIN · Banks₹945.10−1.63%₹8,72,400 Cr10.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.84%+2.4%
Bajaj FinanceBAJFINANCE · Finance₹912.00−0.73%₹5,67,807 Cr26.20Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.66%−15.9%
Kotak Mahindra BankKOTAKBANK · Banks₹442.50+0.40%₹4,40,194 Cr20.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.15%+3.0%
Hindustan UnileverHINDUNILVR · Diversified FMCGDemerger₹1,818.00−0.03%₹4,27,156 Cr28.6028.4%2.24%−26.4%
Sun Pharmaceutical IndustriesSUNPHARMA · Pharmaceuticals & Biotechnology₹1,751.20+0.64%₹4,20,172 Cr34.7016.9%0.91%+3.4%
Axis BankAXISBANK · Banks₹1,205.70−1.17%₹3,75,418 Cr12.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.08%−3.9%
Funds that follow the Nifty Top 20 Equal Weight
2 index funds and ETFs track the Nifty Top 20 Equal Weight.
HDFC Nifty Top 20 Equal Weight Index FundIndex Fund · HDFC Mutual FundNAV₹9.76501Y−11.15%3Y–5Y–Size₹91 CrCost0.37%
Mirae Asset Nifty Top 20 Equal Weight ETFETF · Mirae Asset Mutual FundNAV₹8.54811Y–3Y–5Y–Size₹14 CrCost0.26%
About the Nifty Top 20 Equal Weight
The Nifty Top 20 Equal Weight tracks the 20 largest stocks by 6-month average free-float market capitalization in the Nifty 50, each given the same weight. It was developed by NSE Indices.
How companies are chosen
Stocks in the Nifty 50, or about to join it, are eligible. A stock that moves out of the Nifty 50 also moves out of this index. A non-member eligible stock is included if its free-float market capitalization is at least 1.5 times that of the smallest index constituent.
How it is weighted
Each stock is reset to an equal weight every quarter, from the last trading day of Mar, Jun, Sep and Dec. Weights may drift between two rebalancing periods as stock prices move.
When it is reviewed
The index is reconstituted semi-annually and rebalanced quarterly. Reconstitution uses data for 6 months, ending in Jan and Jul.
Base date and value
The index was launched on 22 Oct 2024 with a base value of 1000. A Total Returns Index variant is also calculated.
- Published by
- NSE
- Kind
- Strategy
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 20
- List last changed
- 9 Oct 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 6 of 20
Strategy indices
Others in this group, the most used as a fund's benchmark first.All
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Nifty Growth Sectors 1515 companiesP/E 25.16