Nifty50 Equal Weight index funds and ETFs

12 index funds and ETFs track the Nifty50 Equal Weight, as each fund house reported for Sep 2026. Closest to the index over the year: Motilal Oswal Nifty 50 Equal Weight ETF. Tracking difference is the fund's return less the index's over the year; its costs make it negative, so the figure nearest nought is the closest.

Index funds on the Nifty50 Equal Weight

Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty50 Equal Weight

ETFs on the Nifty50 Equal Weight

Closest to the index first, then the lowest expense ratio. The premium is the median over the month's trading days of each day's close against its NAV.

  • Motilal Oswal Mutual Fund logoMotilal Oswal Nifty 50 Equal Weight ETFMotilal Oswal Mutual FundTracking difference−0.16%After fee+0.01%Tracking error0.04%Expense ratio0.21%Fund size, ₹ Cr174Premium or discount+0.43%
  • DSP Mutual Fund logoDSP Nifty 50 Equal Weight ETFDSP Mutual FundTracking difference−0.16%After fee+0.11%Tracking error0.08%Expense ratio0.23%Fund size, ₹ Cr1,305Premium or discount+0.14%
  • SBI Mutual Fund logoSBI Nifty50 Equal Weight ETFSBI Mutual FundTracking difference−0.30%After fee−0.01%Tracking error0.03%Expense ratio0.20%Fund size, ₹ Cr38Premium or discount+0.09%
  • Mirae Asset Mutual Fund logoMirae Asset Nifty 50 Equal Weight ETFMirae Asset Mutual FundTracking difference−0.37%After fee−0.13%Tracking error0.32%Expense ratio0.38%Fund size, ₹ Cr199Premium or discount+0.12%

About Nifty50 Equal Weight index funds and ETFs

Nifty50 Equal Weight index funds and ETFs are funds that track the Nifty50 Equal Weight index, which holds the same 50 companies as the Nifty 50 but gives each the same weight instead of weighting by size.

What the index holds

The index is maintained by NSE Indices and holds every Nifty 50 company, so its members change when the Nifty 50's do, twice a year from the last trading day of Mar and Sep. Each company gets 2% when weights are set; a company with two listed securities splits its 2% between them. The base date is 3 Nov 1995 at 1000, and the index launched on 13 Apr 2017.

Quarterly reset

Between resets, a stock that rises takes more than 2% and one that falls takes less. Every quarter, from the last trading day of Mar, Jun, Sep and Dec, the weights go back to equal, so the index trims the stocks that rose and adds to those that fell. A fund has to make the same trades, and their cost is one reason its return trails the index.

Against the Nifty 50

The Nifty 50 weights companies by free float market capitalisation, the value of the shares that can trade. This index gives its smaller members more weight, so its returns can differ from the Nifty 50's in either direction.

How the funds compare

Tracking difference is a fund's return less the index's over the year; costs push it below nought. After fee adds the year's average expense ratio back, leaving the gap fees do not explain. Tracking error is how much the daily gap moved, as a yearly figure. The expense ratio is the yearly charge, deducted from NAV (the value of one unit) daily. Index funds come in direct and regular plans; a regular plan's higher expense ratio pays a distributor's commission.

Order and ETF premium

Each table lists the fund closest to the index first, then the lower expense ratio. ETFs trade on the exchange, so their table adds premium or discount: the median, across the month's trading days, of each day's close divided by that day's NAV, less one.