Axis Nifty 500 Index Fund vs Edelweiss Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 500 Index Fund is an Index fund and Edelweiss Equity Savings Fund is an Equity Savings fund. In the year to 30-10-2026, Axis Nifty 500 Index Fund (Direct) returned −7.6% and Edelweiss Equity Savings Fund (Direct) returned 5.4%. Axis Nifty 500 Index Fund charges 0.17% a year and Edelweiss Equity Savings Fund 1.08% (Direct plans). Their portfolios overlap 39.7%: they hold 121 of the same securities.
Axis Nifty 500 Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.17%
- NAV
- ₹9.63
Edelweiss Equity Savings Fund
Equity Savings
- 1 year return
- 5.4%
- Expense ratio
- 1.08%
- NAV
- ₹30.25
Which is better, Axis Nifty 500 Index or Edelweiss Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Equity Savings returned more over 1 year: 5.4% against −7.6%.
- Axis Nifty 500 Index costs less: 0.17% a year against 1.08% (Direct plans).
- Edelweiss Equity Savings fell less in its worst fall since 16-07-2024: −3.5% against −18.6%.
- Axis Nifty 500 Index holds more in large companies: 67.2% of the fund in large caps against 41.7%.
- Edelweiss Equity Savings is the larger fund: ₹1,704 Cr against ₹314 Cr.
- Their portfolios overlap 39.7%: 121 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Nifty 500 Index Fund | Edelweiss Equity Savings Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Edelweiss Mutual Fund |
| Category | Index | Equity Savings |
| AUM | ₹314 Cr (30-09-2026) | ₹1,704 Cr (30-09-2026) |
| NAV | ₹9.63 (Direct) | ₹30.25 (Direct) |
| Expense ratio (Direct) | 0.17% | 1.08% |
| Expense ratio (Regular) | 1.11% | 2.08% |
| Riskometer | Very High | Moderate |
| Benchmark | Nifty 500 TRI | Nifty Equity Savings Index |
| Launch date | 12-07-2024 | 13-10-2014 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Bharat Lahoti, Bhavesh Jain, Rahul Dedhia, Kedar Karnik |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Exit load of 0.25%, if redeemed within 30 days. |
Axis Nifty 500 Index vs Edelweiss Equity Savings: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −0.76% | −6.09% | −2.91% | −7.64% | -- | -- | -- |
| Edelweiss Equity Savings Fund (Direct) | −0.68% | +0.27% | +3.54% | +5.36% | +10.93% | +9.34% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Axis Nifty 500 Index vs Edelweiss Equity Savings: Year-wise Returns
| Year | Axis Nifty 500 IndexAxis Nifty 500 Index | Edelweiss Equity SavingsEdelweiss Equity Savings |
|---|---|---|
| 2026to date | −7.79% | +4.53% |
| 2025 | +7.73% | +9.03% |
| 2024 | -- | +14.47% |
| 2023 | -- | +14.29% |
| 2022 | -- | +4.65% |
| 2021 | -- | +13.07% |
Axis Nifty 500 Index vs Edelweiss Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Nifty 500 Index Fund
Rolling returns
Every 1-year holding period, 322 of them, one for each trading day from 16-07-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Nifty 500 Index Fund (Direct)
Edelweiss Equity Savings Fund (Direct)
Nifty 500 TRI
to
Aug 2025Nov 2024
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Nifty 500 Index | 35.4 | 30.4 | 24.8 | 7.5 | 1.9 | 0.0 | 0.0 | 2.8% | 2.0% | −9.3% | 17.5% | 0% |
| Edelweiss Equity Savings | 0.0 | 0.9 | 85.8 | 13.2 | 0.0 | 0.0 | 0.0 | 8.6% | 8.7% | 4.6% | 11.5% | 91% |
| Nifty 500 TRI | 32.6 | 31.7 | 26.4 | 7.1 | 2.2 | 0.0 | 0.0 | 2.9% | 2.1% | −9.0% | 17.6% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 16-07-2024. Past returns do not promise future returns.
Axis Nifty 500 Index vs Edelweiss Equity Savings: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 16-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct) | ₹2,80,000 | ₹2,72,316 | −₹7,684 | −2.3% |
| Edelweiss Equity SavingsEdelweiss Equity Savings Fund (Direct) | ₹2,80,000 | ₹3,05,186 | ₹25,186 | 7.3% |
Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct)
Edelweiss Equity SavingsEdelweiss Equity Savings Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Nifty 500 Index vs Edelweiss Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty 500 Index Fund (Direct) | Edelweiss Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.64% | +5.36% |
| Standard deviation | 14.37% | 4.38% |
| Sharpe ratio | -0.90 | 0.03 |
| Sortino ratio | -1.19 | 0.04 |
| Maximum drawdown | −14.9% (30-03-2026) | −3.5% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Nifty 500 Index Fund (Direct) | Edelweiss Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.76% | +10.34% |
| Standard deviation | 14.00% | 4.72% |
| Sharpe ratio | -0.54 | 1.05 |
| Sortino ratio | -0.72 | 1.46 |
| Maximum drawdown | −18.6% (28-02-2025) | −9.5% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.20% | -- |
From daily NAVs, 16-07-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Nifty 500 Index Fund (Direct)
Edelweiss Equity Savings Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.2% |
| Edelweiss Equity Savings Fund (Direct) | −3.5% | 18-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −1.5% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 16-07-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Nifty 500 Index Fund (Direct)
Edelweiss Equity Savings Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | 99% | 100% | 0.12% |
| Edelweiss Equity Savings Fund (Direct) | 49% | 10% | 11.58% |
From month-end values since 16-07-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Nifty 500 Index vs Edelweiss Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 500 Index Fund, September 2026; Edelweiss Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 39.7%
- Held by both
- 121
- Only in Axis Nifty 500 Index
- 379
- Only in Edelweiss Equity Savings
- 34
| Security | % of Axis Nifty 500 Index | % of Edelweiss Equity Savings |
|---|---|---|
| HDFC Bank Limited | 5.67% | 4.92% |
| ICICI Bank Limited | 4.94% | 4.58% |
| Reliance Industries Limited | 4.14% | 2.93% |
| Bharti Airtel Limited | 2.79% | 3.10% |
| Axis Bank Limited | 1.84% | 1.44% |
| Kotak Mahindra Bank Limited | 1.60% | 0.84% |
| Eternal Limited | 1.21% | 0.75% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 1.05% |
| Hindalco Industries Limited | 0.71% | 1.49% |
| BSE Limited | 0.66% | 0.91% |
| Hindustan Unilever Limited | 0.87% | 0.65% |
| Divi's Laboratories Limited | 0.62% | 0.65% |
| Grasim Industries Limited | 0.60% | 0.61% |
| State Bank of India | 2.07% | 0.59% |
| Mahindra & Mahindra Limited | 1.37% | 0.58% |
| Bajaj Finance Limited | 1.37% | 0.56% |
| Titan Company Limited | 0.99% | 0.48% |
| ITC Limited | 1.32% | 0.46% |
| Multi Commodity Exchange of India Limited | 0.44% | 1.64% |
| Sun Pharmaceutical Industries Limited | 1.00% | 0.36% |
| NTPC Limited | 0.80% | 0.35% |
| JSW Steel Limited | 0.63% | 0.35% |
| UltraTech Cement Limited | 0.68% | 0.34% |
| Larsen & Toubro Limited | 2.30% | 0.33% |
| Bajaj Finserv Limited | 0.52% | 0.33% |
| Hero MotoCorp Limited | 0.35% | 0.33% |
| One 97 Communications Limited | 0.38% | 0.31% |
| Bharat Petroleum Corporation Limited | 0.32% | 0.31% |
| IndusInd Bank Limited | 0.31% | 0.43% |
| The Federal Bank Limited | 0.41% | 0.30% |
| Maruti Suzuki India Limited | 0.81% | 0.25% |
| Hindustan Aeronautics Limited | 0.46% | 0.25% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 0.25% |
| Indus Towers Limited | 0.25% | 0.38% |
| Tata Consultancy Services Limited | 1.09% | 0.24% |
| Tech Mahindra Limited | 0.50% | 0.24% |
| AU Small Finance Bank Limited | 0.31% | 0.24% |
| GE Vernova T&D India Limited | 0.27% | 0.24% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.23% |
| Shriram Finance Limited | 0.72% | 0.22% |
| Bharat Heavy Electricals Limited | 0.32% | 0.22% |
| Adani Green Energy Limited | 0.22% | 2.70% |
| Infosys Limited | 1.83% | 0.21% |
| Bharat Electronics Limited | 0.73% | 0.21% |
| Apollo Hospitals Enterprise Limited | 0.44% | 0.21% |
| Britannia Industries Limited | 0.30% | 0.21% |
| CG Power and Industrial Solutions Limited | 0.31% | 0.20% |
| APL Apollo Tubes Limited | 0.21% | 0.20% |
| Swiggy Limited | 0.20% | 0.26% |
| Bajaj Auto Limited | 0.62% | 0.19% |
| Torrent Pharmaceuticals Limited | 0.37% | 0.19% |
| Vodafone Idea Limited | 0.19% | 2.42% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.46% |
| Polycab India Limited | 0.22% | 0.17% |
| Union Bank of India | 0.17% | 0.20% |
| National Aluminium Company Limited | 0.16% | 1.05% |
| UPL Limited | 0.16% | 1.27% |
| Asian Paints Limited | 0.57% | 0.14% |
| TVS Motor Company Limited | 0.50% | 0.14% |
| Life Insurance Corporation Of India | 0.26% | 0.14% |
| Vedanta Limited | 0.24% | 0.14% |
| Indian Bank | 0.15% | 0.14% |
| Billionbrains Garage Ventures Ltd | 0.14% | 0.82% |
| Steel Authority of India Limited | 0.14% | 4.26% |
| NMDC Limited | 0.14% | 1.36% |
| RBL Bank Limited | 0.13% | 0.73% |
| Coal India Limited | 0.53% | 0.12% |
| Cipla Limited | 0.40% | 0.12% |
| Pidilite Industries Limited | 0.24% | 0.12% |
| Mphasis Limited | 0.15% | 0.12% |
| Ambuja Cements Limited | 0.12% | 0.62% |
| Brookfield India Real Estate Trust | 0.12% | 1.22% |
| Central Depository Services (India) Limited | 0.12% | 0.19% |
| Kalyan Jewellers India Limited | 0.11% | 0.11% |
| HCL Technologies Limited | 0.68% | 0.10% |
| Dixon Technologies (India) Limited | 0.28% | 0.10% |
| Hindustan Petroleum Corporation Limited | 0.18% | 0.10% |
| Muthoot Finance Limited | 0.15% | 0.10% |
| ICICI Prudential Asset Management Company Limited | 0.10% | 0.17% |
| Neuland Laboratories Limited | 0.10% | 0.44% |
| InterGlobe Aviation Limited | 0.59% | 0.09% |
| Persistent Systems Limited | 0.30% | 0.09% |
| Power Finance Corporation Limited | 0.25% | 0.09% |
| FSN E-Commerce Ventures Limited | 0.23% | 0.09% |
| Punjab National Bank | 0.20% | 0.09% |
| Astral Limited | 0.09% | 0.19% |
| SBI Cards and Payment Services Limited | 0.09% | 0.09% |
| Manappuram Finance Limited | 0.09% | 0.74% |
| Bandhan Bank Limited | 0.09% | 0.28% |
| Mazagon Dock Shipbuilders Limited | 0.08% | 0.23% |
| Schaeffler India Limited | 0.08% | 0.20% |
| HDFC Life Insurance Company Limited | 0.29% | 0.07% |
| Lupin Limited | 0.26% | 0.07% |
| Adani Energy Solutions Limited | 0.22% | 0.07% |
| Canara Bank | 0.21% | 0.07% |
| REC Limited | 0.19% | 0.07% |
| Aster DM Quality Care Limited | 0.10% | 0.07% |
| Cholamandalam Financial Holdings Limited | 0.07% | 0.08% |
| Abbott India Limited | 0.07% | 0.13% |
| Yes Bank Limited | 0.19% | 0.06% |
| Bank of Baroda | 0.22% | 0.05% |
| GMR Airports Limited | 0.17% | 0.05% |
| Biocon Limited | 0.13% | 0.05% |
| HDFC Asset Management Company Limited | 0.24% | 0.04% |
| GAIL (India) Limited | 0.24% | 0.04% |
| Ashok Leyland Limited | 0.23% | 0.04% |
| Azad Engineering Ltd | 0.04% | 0.21% |
| CEAT Limited | 0.04% | 0.29% |
| Gabriel India Limited | 0.04% | 0.35% |
| Adani Enterprises Limited | 0.51% | 0.03% |
| Mankind Pharma Limited | 0.15% | 0.03% |
| Aether Industries Limited | 0.03% | 0.31% |
| Aavas Financiers Limited | 0.03% | 0.04% |
| Bagmane Prime Office REIT | 0.03% | 0.83% |
| Jindal Steel Limited | 0.22% | 0.02% |
| Vedanta Iron And Steel Limited | 0.03% | 0.02% |
| Vedanta Power Ltd | 0.03% | 0.02% |
| Vedanta Oil and Gas Ltd | 0.03% | 0.02% |
| Jio Financial Services Limited | 0.37% | 0.01% |
| Godrej Consumer Products Limited | 0.18% | 0.01% |
| JSW Energy Limited | 0.16% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.7% means 39.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Nifty 500 Index Fund
| Security | % of fund |
|---|---|
| Tata Steel Limited | 0.80% |
| Power Grid Corporation of India Limited | 0.62% |
| Eicher Motors Limited | 0.51% |
| Nestle India Limited | 0.49% |
| Tata Motors Ltd | 0.46% |
Largest holdings only in Edelweiss Equity Savings Fund
| Security | % of fund |
|---|---|
| EDELWEISS ULTRA SHORT TERM FUND | 4.41% |
| EDELWEISS LOW DURATION FUND | 3.69% |
| 7.65% HDB FIN SERV NCD 10-09-27 | 2.92% |
| EDELWEISS LIQUID FUND - DIRECT PL -GR | 2.51% |
| EDELWEISS MONEY MARKET FUND - DIRECT PL | 2.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 500 Index | Edelweiss Equity Savings |
|---|---|---|
| Equity | 99.8% | 64.9% |
| Debt | 0.0% | 8.5% |
| Cash and others | 0.2% | 26.6% |
Market cap of stocks
| Market cap | Axis Nifty 500 Index | Edelweiss Equity Savings |
|---|---|---|
| Large Cap | 67.2% | 41.7% |
| Mid Cap | 20.9% | 14.3% |
| Small Cap | 11.6% | 6.7% |
| Not on AMFI's list | 0.1% | 2.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Nifty 500 Index | Edelweiss Equity Savings |
|---|---|---|
| Banks | 19.3% | 15.0% |
| Finance | 6.5% | 2.3% |
| Telecom - Services | 3.5% | 5.9% |
| Pharmaceuticals & Biotechnology | 5.8% | 2.5% |
| IT - Software | 5.7% | 1.0% |
| Petroleum Products | 5.0% | 3.3% |
| Automobiles | 4.9% | 1.7% |
| Ferrous Metals | 2.0% | 4.7% |
| Capital Markets | 2.5% | 4.3% |
| Power | 3.4% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 500 Index vs Edelweiss Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 500 Index Fund | Edelweiss Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 1.08% |
| Base expense ratio (Direct) | 0.09% | 0.51% |
| Total expense ratio (Regular) | 1.11% | 2.08% |
| Base expense ratio (Regular) | 0.90% | 1.36% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Axis Nifty 500 Index Fund vs Edelweiss Equity Savings Fund: Frequently Asked Questions
What is the difference between Axis Nifty 500 Index Fund and Edelweiss Equity Savings Fund?
Axis Nifty 500 Index Fund is an Index fund, Edelweiss Equity Savings Fund is an Equity Savings fund, run by Axis Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 39.7%. Axis Nifty 500 Index Fund charges 0.17% a year and Edelweiss Equity Savings Fund 1.08%.
Which has given higher returns, Axis Nifty 500 Index Fund or Edelweiss Equity Savings Fund?
Over 1 year: Axis Nifty 500 Index Fund −7.64%, Edelweiss Equity Savings Fund +5.36%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 500 Index Fund or Edelweiss Equity Savings Fund?
Axis Nifty 500 Index Fund charges less: 0.17% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 500 Index Fund and Edelweiss Equity Savings Fund overlap?
39.7%. They hold 121 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty 500 Index Fund or Edelweiss Equity Savings Fund?
On SEBI's riskometer, Axis Nifty 500 Index Fund is rated Very High and Edelweiss Equity Savings Fund Moderate. Over 1 years, the standard deviation of daily returns was 14.37% and 4.38% a year.
Can I invest in both Axis Nifty 500 Index Fund and Edelweiss Equity Savings Fund?
Yes. 39.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Nifty 500 Index Fund and Edelweiss Equity Savings Fund?
Axis Nifty 500 Index Fund: Nandik Malik, Rohit Gautam. Edelweiss Equity Savings Fund: Bharat Lahoti, Bhavesh Jain, Rahul Dedhia, Kedar Karnik.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.