Axis Nifty 500 Index Fund vs Nippon India Nifty 500 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty 500 Index Fund is an Index fund and Nippon India Nifty 500 Equal Weight Index Fund is a mutual fund. In the year to 30-10-2026, Axis Nifty 500 Index Fund (Direct) returned −7.6% and Nippon India Nifty 500 Equal Weight Index Fund (Direct) returned −7.2%. Axis Nifty 500 Index Fund charges 0.17% a year and Nippon India Nifty 500 Equal Weight Index Fund 0.55% (Direct plans). Their portfolios overlap 49.3%: they hold 499 of the same securities.
Axis Nifty 500 Index Fund
Index
- 1 year return
- −7.6%
- Expense ratio
- 0.17%
- NAV
- ₹9.63
Nippon India Nifty 500 Equal Weight Index Fund
- 1 year return
- −7.2%
- Expense ratio
- 0.55%
- NAV
- ₹8.99
Which is better, Axis Nifty 500 Index or Nippon India Nifty 500 Equal Weight Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Nifty 500 Equal Weight Index returned more over 1 year: −7.2% against −7.6%.
- Axis Nifty 500 Index costs less: 0.17% a year against 0.55% (Direct plans).
- Axis Nifty 500 Index fell less in its worst fall since 11-09-2024: −18.6% against −23.9%.
- Axis Nifty 500 Index holds more in large companies: 67.2% of the fund in large caps against 20.0%.
- Nippon India Nifty 500 Equal Weight Index is the larger fund: ₹450 Cr against ₹314 Cr.
- Their portfolios overlap 49.3%: 499 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 | Nippon India Nifty 500 Equal Weight Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Not available |
| AUM | ₹314 Cr (30-09-2026) | ₹450 Cr (30-09-2026) |
| NAV | ₹9.63 (Direct) | ₹8.99 (Direct) |
| Expense ratio (Direct) | 0.17% | 0.55% |
| Expense ratio (Regular) | 1.11% | 1.13% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 12-07-2024 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Nandik Malik, Rohit Gautam | Not available |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Not available |
Axis Nifty 500 Index vs Nippon India Nifty 500 Equal Weight Index: 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% | -- | -- | -- |
| Nippon India Nifty 500 Equal Weight Index Fund (Direct) | −5.15% | −8.61% | −3.99% | −7.19% | -- | -- | -- |
Axis Nifty 500 Index vs Nippon India Nifty 500 Equal Weight Index: Year-wise Returns
| Year | Axis Nifty 500Axis Nifty 500 Index | Nippon India Nifty 500 Equal WeightNippon India Nifty 500 Equal Weight Index |
|---|---|---|
| 2026to date | −7.79% | −4.68% |
| 2025 | +7.73% | +0.45% |
Axis Nifty 500 Index vs Nippon India Nifty 500 Equal Weight Index: 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, 282 of them, one for each trading day from 11-09-2025 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)
Nippon India Nifty 500 Equal Weight Index Fund (Direct)
Nifty 500 TRI
to
Oct 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026May 2025
to
May 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 | 31.9 | 29.1 | 28.4 | 8.5 | 2.1 | 0.0 | 0.0 | 3.2% | 2.6% | −9.3% | 17.5% | 0% |
| Nippon India Nifty 500 Equal Weight Index | 29.9 | 37.1 | 25.2 | 7.2 | 0.7 | 0.0 | 0.0 | 2.7% | 2.1% | −7.9% | 15.5% | 51% |
| Nifty 500 TRI | 29.1 | 30.1 | 30.1 | 8.2 | 2.5 | 0.0 | 0.0 | 3.4% | 2.8% | −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 11-09-2024. Past returns do not promise future returns.
Axis Nifty 500 Index vs Nippon India Nifty 500 Equal Weight Index: 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct) | ₹2,60,000 | ₹2,53,238 | −₹6,762 | −2.3% |
| Nippon India Nifty 500 Equal Weight IndexNippon India Nifty 500 Equal Weight Index Fund (Direct) | ₹2,60,000 | ₹2,52,822 | −₹7,178 | −2.5% |
Axis Nifty 500 IndexAxis Nifty 500 Index Fund (Direct)
Nippon India Nifty 500 Equal Weight IndexNippon India Nifty 500 Equal Weight Index 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 Nippon India Nifty 500 Equal Weight Index: 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) | Nippon India Nifty 500 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.64% | −7.19% |
| Standard deviation | 14.37% | 16.71% |
| Sharpe ratio | -0.90 | -0.74 |
| Sortino ratio | -1.19 | -0.99 |
| Maximum drawdown | −14.9% (30-03-2026) | −16.6% (30-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.31% | −0.56% |
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) | Nippon India Nifty 500 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.76% | −4.56% |
| Standard deviation | 14.00% | 17.11% |
| Sharpe ratio | -0.54 | -0.60 |
| Sortino ratio | -0.72 | -0.79 |
| Maximum drawdown | −18.6% (28-02-2025) | −23.9% (03-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.20% | −0.53% |
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)
Nippon India Nifty 500 Equal Weight Index 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% |
| Nippon India Nifty 500 Equal Weight Index Fund (Direct) | −23.9% | 24-09-2024 | 03-03-2025 | Not yet | -- | −11.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 11-09-2024, 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)
Nippon India Nifty 500 Equal Weight Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Nifty 500 Index Fund (Direct) | 100% | 100% | 0.12% |
| Nippon India Nifty 500 Equal Weight Index Fund (Direct) | 122% | 123% | 7.56% |
From month-end values since 11-09-2024. 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 Nippon India Nifty 500 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty 500 Index Fund, September 2026; Nippon India Nifty 500 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 49.3%
- Held by both
- 499
- Only in Axis Nifty 500 Index
- 1
- Only in Nippon India Nifty 500 Equal Weight Index
- 1
| Security | % of Axis Nifty 500 Index | % of Nippon India Nifty 500 Equal Weight Index |
|---|---|---|
| Axis Bank Limited | 1.84% | 0.21% |
| Kotak Mahindra Bank Limited | 1.60% | 0.21% |
| Adani Ports and Special Economic Zone Limited | 0.74% | 0.21% |
| InterGlobe Aviation Limited | 0.59% | 0.21% |
| Adani Power Limited | 0.44% | 0.21% |
| Dr. Reddy's Laboratories Limited | 0.39% | 0.21% |
| One 97 Communications Limited | 0.38% | 0.21% |
| The Indian Hotels Company Limited | 0.33% | 0.21% |
| Lenskart Solutions Limited | 0.26% | 0.21% |
| HDFC Bank Limited | 5.67% | 0.20% |
| ICICI Bank Limited | 4.94% | 0.20% |
| Reliance Industries Limited | 4.14% | 0.20% |
| Bharti Airtel Limited | 2.79% | 0.20% |
| Larsen & Toubro Limited | 2.30% | 0.20% |
| State Bank of India | 2.07% | 0.20% |
| Infosys Limited | 1.83% | 0.20% |
| Mahindra & Mahindra Limited | 1.37% | 0.20% |
| Bajaj Finance Limited | 1.37% | 0.20% |
| ITC Limited | 1.32% | 0.20% |
| Eternal Limited | 1.21% | 0.20% |
| Tata Consultancy Services Limited | 1.09% | 0.20% |
| Sun Pharmaceutical Industries Limited | 1.00% | 0.20% |
| Hindustan Unilever Limited | 0.87% | 0.20% |
| Maruti Suzuki India Limited | 0.81% | 0.20% |
| Tata Steel Limited | 0.80% | 0.20% |
| NTPC Limited | 0.80% | 0.20% |
| Bharat Electronics Limited | 0.73% | 0.20% |
| Shriram Finance Limited | 0.72% | 0.20% |
| Hindalco Industries Limited | 0.71% | 0.20% |
| UltraTech Cement Limited | 0.68% | 0.20% |
| HCL Technologies Limited | 0.68% | 0.20% |
| BSE Limited | 0.66% | 0.20% |
| JSW Steel Limited | 0.63% | 0.20% |
| Divi's Laboratories Limited | 0.62% | 0.20% |
| Power Grid Corporation of India Limited | 0.62% | 0.20% |
| Bajaj Auto Limited | 0.62% | 0.20% |
| Grasim Industries Limited | 0.60% | 0.20% |
| Asian Paints Limited | 0.57% | 0.20% |
| Coal India Limited | 0.53% | 0.20% |
| Bajaj Finserv Limited | 0.52% | 0.20% |
| Eicher Motors Limited | 0.51% | 0.20% |
| Adani Enterprises Limited | 0.51% | 0.20% |
| TVS Motor Company Limited | 0.50% | 0.20% |
| Tech Mahindra Limited | 0.50% | 0.20% |
| Nestle India Limited | 0.49% | 0.20% |
| Hindustan Aeronautics Limited | 0.46% | 0.20% |
| Tata Motors Ltd | 0.46% | 0.20% |
| Oil & Natural Gas Corporation Limited | 0.46% | 0.20% |
| Trent Limited | 0.45% | 0.20% |
| Multi Commodity Exchange of India Limited | 0.44% | 0.20% |
| The Federal Bank Limited | 0.41% | 0.20% |
| Cipla Limited | 0.40% | 0.20% |
| SBI Life Insurance Company Limited | 0.40% | 0.20% |
| Laurus Labs Limited | 0.40% | 0.20% |
| Samvardhana Motherson International Limited | 0.38% | 0.20% |
| Cholamandalam Investment and Finance Company Ltd | 0.37% | 0.20% |
| Vedanta Aluminium Metal Limited | 0.37% | 0.20% |
| Torrent Pharmaceuticals Limited | 0.37% | 0.20% |
| Jio Financial Services Limited | 0.37% | 0.20% |
| Hero MotoCorp Limited | 0.35% | 0.20% |
| Cummins India Limited | 0.34% | 0.20% |
| Bharat Petroleum Corporation Limited | 0.32% | 0.20% |
| Tata Consumer Products Limited | 0.32% | 0.20% |
| Avenue Supermarts Limited | 0.32% | 0.20% |
| Bharat Heavy Electricals Limited | 0.32% | 0.20% |
| Coforge Limited | 0.32% | 0.20% |
| CG Power and Industrial Solutions Limited | 0.31% | 0.20% |
| IndusInd Bank Limited | 0.31% | 0.20% |
| Tata Motors Passenger Vehicles Limited | 0.31% | 0.20% |
| Varun Beverages Limited | 0.31% | 0.20% |
| Tata Power Company Limited | 0.31% | 0.20% |
| AU Small Finance Bank Limited | 0.31% | 0.20% |
| Britannia Industries Limited | 0.30% | 0.20% |
| Persistent Systems Limited | 0.30% | 0.20% |
| HDFC Life Insurance Company Limited | 0.29% | 0.20% |
| IDFC First Bank Limited | 0.28% | 0.20% |
| Bharat Forge Limited | 0.28% | 0.20% |
| Dixon Technologies (India) Limited | 0.28% | 0.20% |
| GE Vernova T&D India Limited | 0.27% | 0.20% |
| Life Insurance Corporation Of India | 0.26% | 0.20% |
| Indian Oil Corporation Limited | 0.26% | 0.20% |
| Lupin Limited | 0.26% | 0.20% |
| Suzlon Energy Limited | 0.25% | 0.20% |
| Indus Towers Limited | 0.25% | 0.20% |
| Power Finance Corporation Limited | 0.25% | 0.20% |
| Solar Industries India Limited | 0.25% | 0.20% |
| Info Edge (India) Limited | 0.25% | 0.20% |
| Bajaj Holdings & Investment Limited | 0.24% | 0.20% |
| HDFC Asset Management Company Limited | 0.24% | 0.20% |
| GAIL (India) Limited | 0.24% | 0.20% |
| Vedanta Limited | 0.24% | 0.20% |
| Pidilite Industries Limited | 0.24% | 0.20% |
| Aurobindo Pharma Limited | 0.24% | 0.20% |
| Ashok Leyland Limited | 0.23% | 0.20% |
| DLF Limited | 0.23% | 0.20% |
| FSN E-Commerce Ventures Limited | 0.23% | 0.20% |
| Bank of Baroda | 0.22% | 0.20% |
| Wipro Limited | 0.22% | 0.20% |
| Marico Limited | 0.22% | 0.20% |
| Adani Green Energy Limited | 0.22% | 0.20% |
| Polycab India Limited | 0.22% | 0.20% |
| Jindal Steel Limited | 0.22% | 0.20% |
| Adani Energy Solutions Limited | 0.22% | 0.20% |
| Bosch Limited | 0.21% | 0.20% |
| Canara Bank | 0.21% | 0.20% |
| APL Apollo Tubes Limited | 0.21% | 0.20% |
| Embassy Office Parks REIT | 0.20% | 0.20% |
| Hitachi Energy India Limited | 0.20% | 0.20% |
| Punjab National Bank | 0.20% | 0.20% |
| LTM Limited | 0.20% | 0.20% |
| ICICI Lombard General Insurance Company Limited | 0.20% | 0.21% |
| Titan Company Limited | 0.99% | 0.19% |
| Apollo Hospitals Enterprise Limited | 0.44% | 0.19% |
| Max Healthcare Institute Limited | 0.36% | 0.19% |
| Fortis Healthcare Limited | 0.21% | 0.19% |
| United Spirits Limited | 0.21% | 0.19% |
| Swiggy Limited | 0.20% | 0.19% |
| PB Fintech Limited | 0.20% | 0.19% |
| REC Limited | 0.19% | 0.20% |
| Sona BLW Precision Forgings Limited | 0.19% | 0.21% |
| ABB India Limited | 0.19% | 0.20% |
| Max Financial Services Limited | 0.19% | 0.19% |
| Welspun Corp Limited | 0.19% | 0.20% |
| The Phoenix Mills Limited | 0.19% | 0.20% |
| Yes Bank Limited | 0.19% | 0.19% |
| SRF Limited | 0.19% | 0.20% |
| Vodafone Idea Limited | 0.19% | 0.19% |
| Hindustan Petroleum Corporation Limited | 0.18% | 0.20% |
| Godrej Consumer Products Limited | 0.18% | 0.20% |
| Lodha Developers Limited | 0.18% | 0.20% |
| Glenmark Pharmaceuticals Limited | 0.18% | 0.20% |
| Radico Khaitan Limited | 0.18% | 0.20% |
| Siemens Limited | 0.17% | 0.20% |
| Apar Industries Limited | 0.17% | 0.20% |
| Aditya Birla Capital Limited | 0.17% | 0.20% |
| Union Bank of India | 0.17% | 0.19% |
| GMR Airports Limited | 0.17% | 0.20% |
| Karur Vysya Bank Limited | 0.16% | 0.20% |
| Navin Fluorine International Limited | 0.16% | 0.20% |
| Shree Cement Limited | 0.16% | 0.20% |
| JSW Energy Limited | 0.16% | 0.20% |
| National Aluminium Company Limited | 0.16% | 0.19% |
| Alkem Laboratories Limited | 0.16% | 0.20% |
| UPL Limited | 0.16% | 0.20% |
| Sundaram Finance Limited | 0.16% | 0.20% |
| Zydus Lifesciences Limited | 0.15% | 0.20% |
| Vishal Mega Mart Limited | 0.15% | 0.20% |
| Hyundai Motor India Ltd | 0.15% | 0.20% |
| Siemens Energy India Limited | 0.15% | 0.20% |
| Mphasis Limited | 0.15% | 0.20% |
| Muthoot Finance Limited | 0.15% | 0.20% |
| Indian Bank | 0.15% | 0.20% |
| Mankind Pharma Limited | 0.15% | 0.21% |
| Billionbrains Garage Ventures Ltd | 0.14% | 0.20% |
| Ather Energy Limited | 0.14% | 0.19% |
| Steel Authority of India Limited | 0.14% | 0.20% |
| Piramal Finance Limited | 0.14% | 0.20% |
| Hindustan Zinc Limited | 0.14% | 0.20% |
| 360 One WAM Limited | 0.14% | 0.20% |
| IPCA Laboratories Limited | 0.14% | 0.20% |
| NMDC Limited | 0.14% | 0.20% |
| NHPC Limited | 0.14% | 0.20% |
| KEI Industries Limited | 0.14% | 0.20% |
| Delhivery Limited | 0.13% | 0.20% |
| Havells India Limited | 0.13% | 0.19% |
| Voltas Limited | 0.13% | 0.20% |
| Oil India Limited | 0.13% | 0.19% |
| Lloyds Metals And Energy Limited | 0.13% | 0.21% |
| Biocon Limited | 0.13% | 0.20% |
| Prestige Estates Projects Limited | 0.13% | 0.21% |
| Oracle Financial Services Software Limited | 0.13% | 0.20% |
| MRF Limited | 0.13% | 0.21% |
| Redington Limited | 0.13% | 0.20% |
| Tube Investments of India Limited | 0.13% | 0.19% |
| RBL Bank Limited | 0.13% | 0.20% |
| Dabur India Limited | 0.12% | 0.20% |
| Gland Pharma Limited | 0.12% | 0.20% |
| Ambuja Cements Limited | 0.12% | 0.20% |
| Brookfield India Real Estate Trust | 0.12% | 0.20% |
| Supreme Industries Limited | 0.12% | 0.20% |
| Jindal Stainless Limited | 0.12% | 0.20% |
| Colgate Palmolive (India) Limited | 0.12% | 0.19% |
| Waaree Energies Limited | 0.12% | 0.19% |
| L&T Finance Limited | 0.12% | 0.19% |
| HFCL Limited | 0.12% | 0.22% |
| Central Depository Services (India) Limited | 0.12% | 0.20% |
| Page Industries Limited | 0.12% | 0.20% |
| Torrent Power Limited | 0.12% | 0.20% |
| Oberoi Realty Limited | 0.11% | 0.19% |
| Meesho Ltd | 0.11% | 0.21% |
| Coromandel International Limited | 0.11% | 0.18% |
| Kalyan Jewellers India Limited | 0.11% | 0.20% |
| Petronet LNG Limited | 0.11% | 0.20% |
| UNO Minda Limited | 0.11% | 0.20% |
| Godrej Properties Limited | 0.11% | 0.20% |
| City Union Bank Limited | 0.11% | 0.21% |
| Cupid Limited | 0.11% | 0.24% |
| Sai Life Sciences Limited | 0.11% | 0.20% |
| PNB Housing Finance Limited | 0.11% | 0.21% |
| Mahindra & Mahindra Financial Services Limited | 0.11% | 0.20% |
| JK Cement Limited | 0.11% | 0.21% |
| JSW Infrastructure Ltd | 0.11% | 0.20% |
| Gujarat Fluorochemicals Limited | 0.10% | 0.20% |
| Kirloskar Oil Engines Limited | 0.10% | 0.22% |
| Tata Communications Limited | 0.10% | 0.20% |
| Exide Industries Limited | 0.10% | 0.20% |
| ICICI Prudential Asset Management Company Limited | 0.10% | 0.20% |
| ITC Hotels Limited | 0.10% | 0.21% |
| Anand Rathi Wealth Limited | 0.10% | 0.20% |
| Blue Star Limited | 0.10% | 0.20% |
| Hindustan Copper Limited | 0.10% | 0.20% |
| PI Industries Limited | 0.10% | 0.20% |
| Neuland Laboratories Limited | 0.10% | 0.20% |
| Aster DM Quality Care Limited | 0.10% | 0.19% |
| Sansera Engineering Limited | 0.10% | 0.20% |
| Krishna Institute Of Medical Sciences Limited | 0.10% | 0.20% |
| Astral Limited | 0.09% | 0.20% |
| Acutaas Chemicals Limited | 0.09% | 0.21% |
| SBI Cards and Payment Services Limited | 0.09% | 0.19% |
| Ajanta Pharma Limited | 0.09% | 0.21% |
| Wockhardt Limited | 0.09% | 0.19% |
| Indian Railway Finance Corporation Limited | 0.09% | 0.20% |
| Aegis Logistics Limited | 0.09% | 0.21% |
| LG Electronics India Ltd | 0.09% | 0.20% |
| Adani Total Gas Limited | 0.09% | 0.20% |
| TD Power Systems Limited | 0.09% | 0.21% |
| Manappuram Finance Limited | 0.09% | 0.19% |
| Bandhan Bank Limited | 0.09% | 0.19% |
| ICICI Prudential Life Insurance Company Limited | 0.09% | 0.20% |
| Angel One Limited | 0.09% | 0.19% |
| Balkrishna Industries Limited | 0.09% | 0.20% |
| Jubilant Foodworks Limited | 0.09% | 0.19% |
| Tata Capital Limited | 0.09% | 0.20% |
| Craftsman Automation Limited | 0.08% | 0.20% |
| The Great Eastern Shipping Company Limited | 0.08% | 0.21% |
| Himadri Speciality Chemical Limited | 0.08% | 0.20% |
| Bank of India | 0.08% | 0.19% |
| Container Corporation of India Limited | 0.08% | 0.20% |
| LIC Housing Finance Limited | 0.08% | 0.19% |
| Carborundum Universal Limited | 0.08% | 0.20% |
| Authum Investment And Infrastructure Limited | 0.08% | 0.20% |
| AIA Engineering Limited | 0.08% | 0.20% |
| Kalpataru Projects International Limited | 0.08% | 0.20% |
| Mazagon Dock Shipbuilders Limited | 0.08% | 0.20% |
| Motilal Oswal Financial Services Limited | 0.08% | 0.20% |
| Amber Enterprises India Limited | 0.08% | 0.20% |
| Bank of Maharashtra | 0.08% | 0.19% |
| Poonawalla Fincorp Limited | 0.08% | 0.20% |
| Schaeffler India Limited | 0.08% | 0.20% |
| Computer Age Management Services Limited | 0.08% | 0.19% |
| Dr. Lal Path Labs Limited | 0.08% | 0.21% |
| Dalmia Bharat Limited | 0.07% | 0.20% |
| Premier Energies Limited | 0.07% | 0.20% |
| Piramal Pharma Limited | 0.07% | 0.20% |
| Syrma SGS Technology Limited | 0.07% | 0.21% |
| Data Patterns (India) Limited | 0.07% | 0.20% |
| Granules India Limited | 0.07% | 0.20% |
| Cholamandalam Financial Holdings Limited | 0.07% | 0.20% |
| Thermax Limited | 0.07% | 0.20% |
| Elgi Equipments Limited | 0.07% | 0.21% |
| Crompton Greaves Consumer Electricals Limited | 0.07% | 0.20% |
| Indian Railway Catering And Tourism Corporation Limited | 0.07% | 0.20% |
| Abbott India Limited | 0.07% | 0.21% |
| Apollo Tyres Limited | 0.07% | 0.21% |
| Berger Paints (I) Limited | 0.07% | 0.20% |
| Linde India Limited | 0.07% | 0.21% |
| General Insurance Corporation of India | 0.07% | 0.20% |
| IIFL Finance Limited | 0.07% | 0.20% |
| Nuvama Wealth Management Limited | 0.07% | 0.20% |
| Star Health And Allied Insurance Company Limited | 0.07% | 0.20% |
| PTC Industries Limited | 0.07% | 0.21% |
| Patanjali Foods Limited | 0.07% | 0.18% |
| Cochin Shipyard Limited | 0.07% | 0.20% |
| HDB Financial Services Limited | 0.07% | 0.20% |
| CRISIL Limited | 0.06% | 0.20% |
| Onesource Specialty Pharma Limited | 0.06% | 0.19% |
| KFin Technologies Limited | 0.06% | 0.19% |
| Tata Technologies Limited | 0.06% | 0.21% |
| Sammaan Capital Limited | 0.06% | 0.20% |
| GlaxoSmithKline Pharmaceuticals Limited | 0.06% | 0.20% |
| Finolex Cables Limited | 0.06% | 0.20% |
| Cartrade Tech Limited | 0.06% | 0.20% |
| Timken India Limited | 0.06% | 0.20% |
| The Ramco Cements Limited | 0.06% | 0.20% |
| ZF Commercial Vehicle Control Systems India Limited | 0.06% | 0.20% |
| Bharti Hexacom Limited | 0.06% | 0.20% |
| Narayana Hrudayalaya Limited | 0.06% | 0.20% |
| Rail Vikas Nigam Limited | 0.06% | 0.20% |
| Asahi India Glass Limited | 0.06% | 0.20% |
| Global Health Limited | 0.06% | 0.19% |
| Home First Finance Company India Limited | 0.06% | 0.20% |
| Tata Elxsi Limited | 0.06% | 0.20% |
| Brigade Enterprises Limited | 0.06% | 0.20% |
| Kaynes Technology India Limited | 0.06% | 0.20% |
| K.P.R. Mill Limited | 0.06% | 0.20% |
| Affle 3i Limited | 0.05% | 0.20% |
| L&T Technology Services Limited | 0.05% | 0.21% |
| Escorts Kubota Limited | 0.05% | 0.19% |
| Tata Chemicals Limited | 0.05% | 0.19% |
| Anthem Biosciences Limited | 0.05% | 0.20% |
| Motherson Sumi Wiring India Limited | 0.05% | 0.20% |
| Netweb Technologies India Limited | 0.05% | 0.20% |
| NTPC Green Energy Limited | 0.05% | 0.20% |
| Sagility Limited | 0.05% | 0.20% |
| Atul Limited | 0.05% | 0.20% |
| Inventurus Knowledge Solutions Limited | 0.05% | 0.20% |
| Five Star Business Finance Limited | 0.05% | 0.20% |
| Pine Labs Limited | 0.05% | 0.20% |
| Bharat Dynamics Limited | 0.05% | 0.20% |
| Castrol India Limited | 0.05% | 0.20% |
| Capri Global Capital Limited | 0.05% | 0.20% |
| PVR INOX Limited | 0.05% | 0.20% |
| Indian Renewable Energy Development Agency Limited | 0.05% | 0.20% |
| Indraprastha Gas Limited | 0.05% | 0.21% |
| Kajaria Ceramics Limited | 0.05% | 0.21% |
| Usha Martin Limited | 0.05% | 0.20% |
| Anant Raj Limited | 0.05% | 0.20% |
| Deepak Nitrite Limited | 0.05% | 0.20% |
| HBL Engineering Limited | 0.05% | 0.20% |
| Bajaj Housing Finance Limited | 0.05% | 0.20% |
| Deepak Fertilizers and Petrochemicals Corporation Limited | 0.05% | 0.20% |
| NLC India Limited | 0.05% | 0.20% |
| Acme Solar Holdings Ltd | 0.05% | 0.20% |
| AWL Agri Business Limited | 0.05% | 0.20% |
| Aarti Industries Limited | 0.05% | 0.20% |
| Aditya Infotech Limited | 0.05% | 0.21% |
| Amara Raja Energy & Mobility Ltd | 0.05% | 0.20% |
| Belrise Industries Ltd. | 0.05% | 0.20% |
| Endurance Technologies Limited | 0.05% | 0.21% |
| Jyoti CNC Automation Ltd | 0.05% | 0.20% |
| ACC Limited | 0.04% | 0.20% |
| Indian Energy Exchange Limited | 0.04% | 0.19% |
| Azad Engineering Ltd | 0.04% | 0.22% |
| Housing & Urban Development Corporation Limited | 0.04% | 0.20% |
| Cohance Lifesciences Limited | 0.04% | 0.20% |
| Vijaya Diagnostic Centre Limited | 0.04% | 0.19% |
| KPIT Technologies Limited | 0.04% | 0.20% |
| Hexaware Technologies Limited | 0.04% | 0.20% |
| NBCC (India) Limited | 0.04% | 0.19% |
| PhysicsWallah Limited | 0.04% | 0.19% |
| Ola Electric Mobility Ltd | 0.04% | 0.20% |
| Balrampur Chini Mills Limited | 0.04% | 0.20% |
| EID Parry India Limited | 0.04% | 0.20% |
| Cyient Limited | 0.04% | 0.21% |
| Emcure Pharmaceuticals Limited | 0.04% | 0.20% |
| Chennai Petroleum Corporation Limited | 0.04% | 0.21% |
| Welspun Living Limited | 0.04% | 0.21% |
| Zen Technologies Limited | 0.04% | 0.20% |
| Zee Entertainment Enterprises Limited | 0.04% | 0.20% |
| BEML Limited | 0.04% | 0.20% |
| Godfrey Phillips India Limited | 0.04% | 0.20% |
| Jaiprakash Power Ventures Limited | 0.04% | 0.20% |
| Syngene International Limited | 0.04% | 0.20% |
| Ramkrishna Forgings Limited | 0.04% | 0.20% |
| Aditya Birla Sun Life AMC Limited | 0.04% | 0.20% |
| CCL Products (India) Limited | 0.04% | 0.20% |
| Force Motors Limited | 0.04% | 0.20% |
| PG Electroplast Limited | 0.04% | 0.19% |
| CEAT Limited | 0.04% | 0.20% |
| CESC Limited | 0.04% | 0.20% |
| Engineers India Limited | 0.04% | 0.20% |
| Gabriel India Limited | 0.04% | 0.20% |
| SPR Auto Technologies Ltd | 0.04% | 0.20% |
| Emami Limited | 0.04% | 0.20% |
| Honeywell Automation India Limited | 0.04% | 0.20% |
| Tata Investment Corporation Limited | 0.04% | 0.19% |
| Firstsource Solutions Limited | 0.04% | 0.20% |
| United Breweries Limited | 0.04% | 0.19% |
| Whirlpool of India Limited | 0.04% | 0.20% |
| Nava Limited | 0.04% | 0.21% |
| eClerx Services Limited | 0.04% | 0.20% |
| CreditAccess Grameen Limited | 0.04% | 0.20% |
| R R Kabel Limited | 0.04% | 0.20% |
| Shyam Metalics and Energy Limited | 0.04% | 0.20% |
| IRB Infrastructure Developers Limited | 0.04% | 0.20% |
| Schneider Electric Infrastructure Limited | 0.04% | 0.20% |
| Aptus Value Housing Finance India Limited | 0.04% | 0.19% |
| Natco Pharma Limited | 0.04% | 0.20% |
| Mahanagar Gas Limited | 0.03% | 0.20% |
| Canara HSBC Life Insurance company Ltd | 0.03% | 0.20% |
| Aditya Birla Real Estate Limited | 0.03% | 0.19% |
| Inox Wind Limited | 0.03% | 0.19% |
| Chambal Fertilizers & Chemicals Limited | 0.03% | 0.20% |
| Thangamayil Jewellery Limited | 0.03% | 0.20% |
| Paradeep Phosphates Limited | 0.03% | 0.20% |
| Aether Industries Limited | 0.03% | 0.20% |
| Jubilant Ingrevia Limited | 0.03% | 0.20% |
| Urban Company Ltd. | 0.03% | 0.19% |
| Honasa Consumer Limited | 0.03% | 0.19% |
| Choice International Limited | 0.03% | 0.20% |
| Triveni Turbine Limited | 0.03% | 0.20% |
| The Jammu & Kashmir Bank Limited | 0.03% | 0.19% |
| Godawari Power And Ispat limited | 0.03% | 0.20% |
| Tenneco Clean Air India Limited | 0.03% | 0.20% |
| Vedanta Iron And Steel Limited | 0.03% | 0.20% |
| Poly Medicure Limited | 0.03% | 0.20% |
| Aavas Financiers Limited | 0.03% | 0.20% |
| EIH Limited | 0.03% | 0.21% |
| Sumitomo Chemical India Limited | 0.03% | 0.20% |
| Techno Electric & Engineering Company Limited | 0.03% | 0.21% |
| Bagmane Prime Office REIT | 0.03% | 0.20% |
| Intellect Design Arena Limited | 0.03% | 0.20% |
| Gillette India Limited | 0.03% | 0.20% |
| Jindal Saw Limited | 0.03% | 0.20% |
| Graphite India Limited | 0.03% | 0.19% |
| Garden Reach Shipbuilders & Engineers Limited | 0.03% | 0.19% |
| KEC International Limited | 0.03% | 0.19% |
| Sun TV Network Limited | 0.03% | 0.24% |
| Caplin Point Laboratories Limited | 0.03% | 0.20% |
| Can Fin Homes Limited | 0.03% | 0.20% |
| Central Bank of India | 0.03% | 0.20% |
| Rubicon Research Limited | 0.03% | 0.20% |
| Zensar Technologies Limited | 0.03% | 0.20% |
| CIE Automotive India Limited | 0.03% | 0.20% |
| PCBL Chemical Limited | 0.03% | 0.20% |
| Reliance Power Limited | 0.03% | 0.20% |
| Titagarh Rail Systems Limited | 0.03% | 0.20% |
| Sobha Limited | 0.03% | 0.20% |
| TBO Tek Limited | 0.03% | 0.20% |
| Cemindia Projects Ltd | 0.03% | 0.19% |
| Vedanta Power Ltd | 0.03% | 0.20% |
| Vedanta Oil and Gas Ltd | 0.03% | 0.20% |
| Action Construction Equipment Limited | 0.03% | 0.21% |
| Zydus Wellness Limited | 0.03% | 0.20% |
| JM Financial Limited | 0.03% | 0.21% |
| LT Foods Limited | 0.03% | 0.19% |
| Vardhman Textiles Limited | 0.03% | 0.20% |
| Minda Corporation Limited | 0.03% | 0.21% |
| NCC Limited | 0.03% | 0.20% |
| Devyani International Limited | 0.03% | 0.20% |
| Indiamart Intermesh Limited | 0.03% | 0.20% |
| Rainbow Childrens Medicare Limited | 0.03% | 0.20% |
| Lemon Tree Hotels Limited | 0.03% | 0.20% |
| Sterlite Technologies Limited | 0.14% | 0.02% |
| SJVN Limited | 0.02% | 0.20% |
| IDBI Bank Limited | 0.02% | 0.20% |
| Tejas Networks Limited | 0.02% | 0.20% |
| Tega Industries Limited | 0.02% | 0.21% |
| Gravita India Limited | 0.02% | 0.20% |
| Brainbees Solutions Ltd | 0.02% | 0.20% |
| IFCI Limited | 0.02% | 0.19% |
| UTI Asset Management Company Limited | 0.02% | 0.20% |
| Aegis Vopak Terminals Limited | 0.02% | 0.21% |
| NMDC Steel Limited | 0.02% | 0.20% |
| International Gemological Institute Limited | 0.02% | 0.20% |
| HEG Graphite Ltd | 0.02% | 0.19% |
| Afcons Infrastructure Limited | 0.02% | 0.20% |
| Mangalore Refinery and Petrochemicals Limited | 0.02% | 0.21% |
| Shipping Corporation Of India Limited | 0.02% | 0.20% |
| Nuvoco Vistas Corporation Limited | 0.02% | 0.21% |
| Gujarat Mineral Development Corporation Limited | 0.02% | 0.19% |
| Bata India Limited | 0.02% | 0.20% |
| Fertilizers and Chemicals Travancore Limited | 0.02% | 0.20% |
| Emmvee Photovoltaic Power Limited | 0.02% | 0.20% |
| Elecon Engineering Company Limited | 0.02% | 0.21% |
| Jupiter Wagons Limited | 0.02% | 0.21% |
| Fractal Analytics Ltd | 0.02% | 0.20% |
| Clean Science and Technology Limited | 0.02% | 0.20% |
| Godrej Industries Limited | 0.02% | 0.19% |
| Olectra Greentech Limited | 0.02% | 0.19% |
| Doms Industries Limited | 0.02% | 0.21% |
| Concord Biotech Limited | 0.02% | 0.19% |
| Prime Focus Limited | 0.02% | 0.21% |
| Sarda Energy & Minerals Limited | 0.02% | 0.21% |
| The New India Assurance Company Limited | 0.02% | 0.19% |
| Allied Blenders And Distillers Limited | 0.02% | 0.21% |
| Indian Overseas Bank | 0.02% | 0.20% |
| JK Tyre & Industries Limited | 0.02% | 0.21% |
| Inox India Limited | 0.02% | 0.19% |
| Clean Max Enviro Energy Solutions Limited | 0.02% | 0.19% |
| Swan Corp Limited | 0.02% | 0.19% |
| Black Box Limited | 0.02% | 0.21% |
| JSW Cement Limited | 0.02% | 0.20% |
| Kirloskar Brothers Limited | 0.02% | 0.21% |
| Transformers And Rectifiers (India) Limited | 0.02% | 0.20% |
| Birlasoft Limited | 0.02% | 0.20% |
| Aadhar Housing Finance Limited | 0.02% | 0.20% |
| Anupam Rasayan India Limited | 0.02% | 0.20% |
| Privi Speciality Chemicals Limited | 0.02% | 0.20% |
| IRCON International Limited | 0.02% | 0.23% |
| KSB Limited | 0.02% | 0.21% |
| MTAR Technologies Limited | 0.09% | 0.01% |
| Central Mine Planning & Design Institute Limited | 0.01% | 0.20% |
| Bharat Coking Coal Limited | 0.01% | 0.21% |
| Trident Limited | 0.01% | 0.20% |
| RailTel Corporation of India Limited | 0.01% | 0.21% |
| Jain Resource Recycling Limited | 0.01% | 0.21% |
| BLS International Services Limited | 0.01% | 0.20% |
| ITI Limited | 0.01% | 0.20% |
| Gallantt Ispat Limited | 0.01% | 0.20% |
| RITES Limited | 0.01% | 0.21% |
| The India Cements Limited | 0.01% | 0.19% |
| Tata Teleservices (Maharashtra) Limited | 0.01% | 0.20% |
| HEG Advanced Materials Ltd | 0.01% | 0.06% |
| UCO Bank | 0.01% | 0.20% |
| RHI Magnesita India Limited | 0.01% | 0.20% |
| Avanti Feeds Limited | 0.01% | 0.20% |
| SignatureGlobal (India) Limited | 0.01% | 0.19% |
| JBM Auto Limited | 0.01% | 0.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 |
|---|---|
| Nippon Life India Asset Management Limited | 0.10% |
Largest holdings only in Nippon India Nifty 500 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| MMTC Limited | 0.20% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty 500 Index | Nippon India Nifty 500 Equal Weight Index |
|---|---|---|
| Equity | 99.8% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 1.0% |
Market cap of stocks
| Market cap | Axis Nifty 500 Index | Nippon India Nifty 500 Equal Weight Index |
|---|---|---|
| Large Cap | 67.2% | 20.0% |
| Mid Cap | 20.9% | 28.7% |
| Small Cap | 11.6% | 49.9% |
| Not on AMFI's list | 0.1% | 0.4% |
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 | Nippon India Nifty 500 Equal Weight Index |
|---|---|---|
| Banks | 19.3% | 5.2% |
| Finance | 6.5% | 8.3% |
| Pharmaceuticals & Biotechnology | 5.8% | 6.4% |
| IT - Software | 5.7% | 3.4% |
| Auto Components | 2.5% | 5.6% |
| Industrial Products | 2.2% | 5.3% |
| Petroleum Products | 5.0% | 1.4% |
| Automobiles | 4.9% | 2.4% |
| Electrical Equipment | 2.7% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty 500 Index vs Nippon India Nifty 500 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty 500 Index Fund | Nippon India Nifty 500 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.17% | 0.55% |
| Base expense ratio (Direct) | 0.09% | 0.30% |
| Total expense ratio (Regular) | 1.11% | 1.13% |
| Base expense ratio (Regular) | 0.90% | 0.79% |
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.
Axis Nifty 500 Index Fund vs Nippon India Nifty 500 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between Axis Nifty 500 Index Fund and Nippon India Nifty 500 Equal Weight Index Fund?
Axis Nifty 500 Index Fund is an Index fund, Nippon India Nifty 500 Equal Weight Index Fund is a mutual fund, run by Axis Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 49.3%. Axis Nifty 500 Index Fund charges 0.17% a year and Nippon India Nifty 500 Equal Weight Index Fund 0.55%.
Which has given higher returns, Axis Nifty 500 Index Fund or Nippon India Nifty 500 Equal Weight Index Fund?
Over 1 year: Axis Nifty 500 Index Fund −7.64%, Nippon India Nifty 500 Equal Weight Index Fund −7.19%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Nifty 500 Index Fund or Nippon India Nifty 500 Equal Weight Index Fund?
Axis Nifty 500 Index Fund charges less: 0.17% a year against 0.55%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty 500 Index Fund and Nippon India Nifty 500 Equal Weight Index Fund overlap?
49.3%. They hold 499 of the same securities, the largest shared ones being AXISBANK, KOTAKBANK, ADANIPORTS. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty 500 Index Fund and Nippon India Nifty 500 Equal Weight Index Fund?
Yes. 49.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.