Nifty50 Value 20 index funds and ETFs
4 index funds and ETFs track the Nifty50 Value 20, as each fund house reported for Sep 2026. Closest to the index over the year: Kotak Nifty 50 Value 20 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.
ETFs on the Nifty50 Value 20
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.
Kotak Nifty 50 Value 20 ETFKotak Mahindra Mutual FundTracking difference−0.05%After fee+0.17%Tracking error0.17%Expense ratio0.37%Fund size, ₹ Cr74Premium or discount+0.18%
HDFC Nifty 50 Value 20 ETFHDFC Mutual FundTracking difference−0.25%After fee−0.05%Tracking error0.09%Expense ratio0.20%Fund size, ₹ Cr35Premium or discount+0.14%
ICICI Prudential Nifty50 Value 20 ETFICICI Prudential Mutual FundTracking difference−0.28%After fee+0.04%Tracking error0.09%Expense ratio0.46%Fund size, ₹ Cr169Premium or discount+0.23%
Nippon India ETF Nifty 50 Value 20Nippon India Mutual FundTracking difference−0.28%After fee+0.05%Tracking error0.10%Expense ratio0.47%Fund size, ₹ Cr133Premium or discount+0.23%
About Nifty50 Value 20 index funds and ETFs
Nifty50 Value 20 index funds and ETFs are funds that track the Nifty50 Value 20 index, which holds 20 companies from the Nifty 50 picked for a value score built from earnings, book value and sales relative to price, plus dividend yield.
What the index holds
Only Nifty 50 companies are eligible, and 20 are held, chosen by value score. A buffer limits turnover: a non-member enters at review only if it ranks in the top 10, and a member leaves only if it falls below 30th. Value here means a stock priced low against what the company earns, owns and sells, with a higher dividend yield also raising the score. The score averages four measures: earnings to price, book value to price, sales to price and dividend yield.
How weights are set
A stock's weight is its free float market capitalisation (the value of the shares that can trade) multiplied by its value score, so a higher score lifts the weight. No stock may exceed 15%, but the cap is applied only at the half-yearly rebalancing, so a weight can pass 15% in between. The base date is 1 Jan 2009 at 1000, and the index launched on 28 Mar 2014.
Reviews and changes
The index is rebuilt twice a year, in Jun and Dec. Between rebuilds a member is replaced only if it is suspended, delisted, goes through a scheme of arrangement or leaves the Nifty 50.
How the funds compare
The funds on this index are ETFs, which trade on the exchange like a share. Tracking difference is a fund's one-year return less the index's; costs usually push it below zero. After fee adds the year's average expense ratio back, leaving the gap that 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) every day.
Order and premium
The table lists the fund closest to the index first, then the lower expense ratio. Premium or discount is the median, across the month's trading days, of each day's close divided by that day's NAV, less one.