Nifty500 Value 50 index funds and ETFs
3 index funds and ETFs track the Nifty500 Value 50, as each fund house reported for Sep 2026. Closest to the index over the year: Axis Nifty500 Value 50 Index Fund. 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 Nifty500 Value 50
Closest to the index first, then the lowest expense ratio. Over the year to the month's end.The Nifty500 Value 50
Axis Nifty500 Value 50 Index FundAxis Mutual FundTracking difference−0.35%After fee−0.07%Tracking error0.17%Expense ratio0.41%Fund size, ₹ Cr234
UTI Nifty 500 Value 50 Index FundUTI Mutual FundTracking difference−0.75%After fee−0.06%Tracking error0.10%Expense ratio0.75%Fund size, ₹ Cr838
Bandhan Nifty 500 Value 50 Index FundBandhan Mutual FundTracking difference−0.81%After fee−0.30%Tracking error0.25%Expense ratio0.65%Fund size, ₹ Cr38
About Nifty500 Value 50 index funds and ETFs
Nifty500 Value 50 index funds and ETFs hold the stocks of the Nifty500 Value 50 index in the index's weights, so their return follows the index less costs. The index picks the 50 Nifty 500 companies priced lowest against their earnings, book value, sales and dividends.
The index they track
The Nifty500 Value 50 was launched on 24 Oct 2018, with a base value of 1000 on 1 Apr 2005. Eligible stocks are Nifty 500 members ranked in the top 400 by turnover and free float market capitalisation (the value of the shares available for trading). Each gets a value score from four measures of equal weight: earnings to price, book value to price, sales to price and dividend yield. A high score means a stock priced low against its fundamentals. The 50 highest scores make the index.
Weights and reviews
A stock's weight is its free float market capitalisation adjusted by its value score, so a cheaper stock of the same size weighs more. No stock may exceed the lower of 5% or three times its weight on free float market capitalisation alone. The index is rebalanced and its members reviewed every Jun and Dec, and a fund tracking it trades at each review to match.
Funds on this page
This page lists the index funds that track this index, each as its fund house reported for the latest month end, with Direct and Regular plans shown separately. The fund closest to the index comes first, then the one with the lowest expense ratio.
Cost and closeness to the index
Tracking difference is a fund's one-year return less the index's; costs pull it below nought. The after fee column adds the year's average expense ratio back, leaving the part of the gap the fee does not explain. Tracking error is how much the daily gap varied, stated as a yearly figure. The expense ratio is the yearly charge, taken out of the NAV (the value of one unit) every day, and fund size is assets under management across all plans at month end.