Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

Equity

Index Funds

NAV as on 27-03-2025

₹ 8.42

▼-1.1%

1D

Inception Returns

-16.4%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
2414 people have invested ₹ 51.8L in Nippon India Nifty 500 Equal Weight Index Fund Direct Growth in the last three months

About Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is an equity fund. This fund was started on 10 September, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has ₹349 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has given a CAGR return of -16.43% since inception.

Holdings

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Health, Consumer Defensive, Tech, Utilities, Communication, Energy, Real Estate. Its top holdings are UPL Ltd, Bajaj Finance Ltd, SRF Ltd, SBI Cards and Payment Services Ltd Ordinary Shares, Bajaj Finserv Ltd

Taxation

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty 500 Equal Weight Index Fund Direct Growth has no lock in period.

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Overview

Expense ratio0.35%
Benchmark
Nifty 500 Equal Weight TRI
AUM₹349 Cr
Inception Date10 September, 2024
Min Lumpsum/SIP₹1000/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (28-Feb-25)

  • Equity 99.9%

  • Debt & Cash 0.1%

Small cap
49.6%
Mid cap
29.6%
Large cap
20.5%
Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
19.5%
Industrial
18%
Basic Materials
14.6%
Consumer Cyclical
12.5%
Health
9.9%
Consumer Defensive
6.7%
Tech
6.6%
Utilities
3.8%
Communication
3.4%
Energy
2.9%
Real Estate
2.1%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.62%
Nifty 50
-2.60%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 349.1 Cr
₹ 390.1 Cr
₹ 410.4 Cr
  • AUM of the fund stands at 349.1 Cr as of Feb'25
  • AUM decreased by 41 Cr between Feb'25 and Jan'25
Top Stocks bought last month
GlaxoSmithKline Pharmaceuticals Ltd's allocation increased from 0.19% to 0.27%
GlaxoSmithKline Pharmaceuticals Ltd's allocation increased from 0.19% to 0.27%
Castrol India Ltd's allocation increased from 0.19% to 0.26%
Castrol India Ltd's allocation increased from 0.19% to 0.26%
Godrej Industries Ltd's allocation increased from 0.17% to 0.23%
Godrej Industries Ltd's allocation increased from 0.17% to 0.23%
Top Stocks sold last month
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 0.28 % to 0.27 %
CreditAccess Grameen Ltd Ordinary Shares's allocation decreased from 0.28 % to 0.27 %
Zensar Technologies Ltd's allocation decreased from 0.25 % to 0.24 %
Zensar Technologies Ltd's allocation decreased from 0.25 % to 0.24 %
Vodafone Idea Ltd's allocation decreased from 0.26 % to 0.24 %
Vodafone Idea Ltd's allocation decreased from 0.26 % to 0.24 %
Mid Cap allocation has gone down from 30.1% to 29.6%
Mid Cap allocation has gone down from 30.1% to 29.6%
Large Cap allocation has gone down from 20.7% to 20.5%
Large Cap allocation has gone down from 20.7% to 20.5%
Small Cap allocation has gone up from 48.4% to 49.6%
Small Cap allocation has gone up from 48.4% to 49.6%
Cash allocation has gone down from 0.2% to 0.1%
Cash allocation has gone down from 0.2% to 0.1%

Top 3 Sectors in February were Industrial, Financial Services & Basic Materials

Feb'25
Financial Services
20%
Industrial
18%
Basic Materials
15%
Jan'25
Industrial
19%
Financial Services
19%
Basic Materials
14%

  • Equity

Holdings
Weight%
1M Change
UPL Ltd
UPL Ltd
0.31%
1.3%
Bajaj Finance Ltd
Bajaj Finance Ltd
0.3%
1.3%
SBI Cards and Payment Services Ltd Ordinary Shares
SBI Cards and Payment Services Ltd Ordinary Shares
0.3%
1.3%
SRF Ltd
SRF Ltd
0.3%
1.3%
Cholamandalam Investment and Finance Co Ltd
Cholamandalam Investment and Finance Co Ltd
0.29%
1.3%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
-
-
-
-16.43%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
13.49%
15.94%
-
16.4%
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth
8.49%
20.89%
33.74%
24.95%
UTI Nifty 50 Index Fund-Growth Option- Direct
UTI Nifty 50 Index Fund-Growth Option- Direct
7.79%
12.11%
23.25%
12.84%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Glaxosmithkline Pharmaceuticals Ltd
Glaxosmithkline Pharmaceuticals Ltd
7.5%
Godrej Industries Ltd
Godrej Industries Ltd
4.2%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
501
502
501
Top 5 Company Concentration
1.5%
1.3%
1.1%
Company having highest exposure
UPL Ltd (0.3%)
CreditAccess Grameen Ltd Ordinary Shares (0.3%)
CRISIL Ltd (0.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
74.5%
74.3%
74.1%
Sector having highest exposure
Financial Services (19.5%)
Industrial (19.2%)
Industrial (19.5%)
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Fund House
Nippon Life India Asset Management Ltd
Total Schemes
81
See all Nippon schemes
Total AUM
₹4.15L Cr
as on 28-Feb-2025
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in

Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 99.9% in Equity, 0% in Debt and 0.1% in Cash related instruments
AUM size ₹349 Cr

AUM size ₹349 Cr

This fund has AUM of ₹349 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions for Nippon India Nifty 500 Equal Weight Index Fund Direct Growth

The current NAV of Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is ₹8.42 as on 27-Mar-2025.
Existing (Absolute + CAGR) as on 27-Mar-2025.
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.83%
3.83%
6 Month Returns
-17.36%
-17.36%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35% as on February 2025
₹349 Cr as on February 2025
UPL Ltd(0.31%), Bajaj Finance Ltd(0.3%), SRF Ltd(0.3%), SBI Cards and Payment Services Ltd Ordinary Shares(0.3%), Bajaj Finserv Ltd(0.29%) as on February 2025
Financial Services(19.52%), Industrial(17.97%), Basic Materials(14.6%) as on February 2025
The alpha ratio for the Nippon India Nifty 500 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
-
-
-
As on February 2025
The alpha for Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is calculated against Nifty 500 Equal Weight TRI. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Nifty 500 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
-
-
-
As on February 2025
The Beta for Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is calculated with Nifty 500 Equal Weight TRI. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Nifty 500 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
-
-
-
As on February 2025
The sharpe ratio for Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is calculated with Nifty 500 Equal Weight TRI. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Nifty 500 Equal Weight Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth
-
-
-
As on February 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Nippon India Nifty 500 Equal Weight Index Fund Direct Growth is 0%