Adani Enterp.

2542.8 2.20

Adani Ports

1403.6 5.30

Apollo Hospitals

6966 -8.50

Asian Paints

2335 3.60

Axis Bank

1205.7 2.90

Bajaj Auto

8778 -73.00

Bajaj Finance

9242 -13.50

Bajaj Finserv

2040 1.70

Bharat Electron

363.9 0.15

Bharti Airtel

1820.8 2.50

Cipla

1484.9 -6.70

Coal India

406.7 4.00

Dr Reddy's Labs

1222.9 3.90

Eicher Motors

5519 -11.00

Eternal Ltd

239.9 1.87

Grasim Inds

2734.9 7.90

HCL Technologies

1660.8 11.20

HDFC Bank

1931.1 -7.60

HDFC Life Insur.

752.75 1.80

Hero Motocorp

4376.9 -10.80

Hind. Unilever

2379.6 -3.10

Hindalco Inds.

668.65 10.30

ICICI Bank

1451.7 2.70

IndusInd Bank

782.5 -1.55

Infosys

1578.4 18.60

ITC

437 1.65

JSW Steel

1031.5 11.90

Kotak Mah. Bank

2101.1 -10.10

Larsen & Toubro

3610.2 10.00

M & M

3122.9 -5.10

Maruti Suzuki

12957 -32.00

Nestle India

2401.2 -6.60

NTPC

345.05 -0.10

O N G C

247.95 1.37

Power Grid Corpn

301.15 -2.90

Reliance Industr

1438.9 -1.90

SBI Life Insuran

1767.8 -2.20

Shriram Finance

670.8 -7.00

St Bk of India

795.4 0.40

Sun Pharma.Inds.

1735.7 5.50

Tata Consumer

1146 -3.30

Tata Motors

731.3 1.80

Tata Steel

160.81 3.24

TCS

3543.7 24.90

Tech Mahindra

1615.7 17.90

Titan Company

3604.3 -13.40

Trent

5546.5 -4.50

UltraTech Cem.

11920 -9.00

Wipro

253.78 2.03

Mutual Funds   
MF News
MF News - Detailed News Back
Nippon India MF launches Nifty 500 Equal Weight Index Fund
  13:21 Hrs IST
Nippon India Mutual Fund has introduced the Nippon India Nifty 500 Equal Weight Index Fund, a unique investment opportunity that provides equal exposure to each of the 500 stocks in the Nifty 500 Index.

The New Fund Offer (NFO) for the fund is open from August 21st to September 4th. The fund seeks to deliver returns that closely track the Nifty 500 Equal Weight Index.

Unlike traditional market-cap weighted indices, which give larger companies a greater influence, the Nifty 500 Equal Weight Index assigns the same weight to every constituent stock, regardless of its size. This approach aims to reduce concentration risk and offer a more diversified portfolio.

The index is divided into three segments: Large Cap (20%), Mid Cap (30%), and Small Cap (50%). The higher allocation to Mid and Small Cap stocks can potentially capture additional returns during periods of favorable market conditions.

The fund's constituents will be reviewed and adjusted twice a year, typically in March and September, to ensure alignment with the underlying Nifty 500 index. To maintain equal weighting, the fund's individual stock positions will be rebalanced quarterly (March, June, September, and December).

The Nifty 500 Equal Weight TRI index has demonstrated superior performance compared to its market-cap weighted counterpart, the Nifty 500 TRI. Over the past five years, the equal weight index achieved a CAGR of 30.6%, while the Nifty 500 TRI returned 22.3%. Similarly, over the past three years, the equal weight index delivered a CAGR of 25.9%, outperforming the Nifty 500 TRI's 21% return.

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