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
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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