Axis Nifty50 Equal Weight Index Fund vs SBI Nifty50 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty50 Equal Weight Index Fund is an Index fund and SBI Nifty50 Equal Weight ETF is a mutual fund. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and SBI Nifty50 Equal Weight ETF 0.22%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
Axis Nifty50 Equal Weight Index Fund
Index
- Expense ratio
- 1.25%
- NAV
- ₹9.58
Which is better, Axis Nifty50 Equal Weight Index or SBI Nifty50 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty50 Equal Weight ETF costs less: 0.22% a year against 1.25%.
- SBI Nifty50 Equal Weight ETF fell less in its worst fall since 28-07-2026: −11.4% against −11.4%.
- Axis Nifty50 Equal Weight Index is the larger fund: ₹87 Cr against ₹38 Cr.
- Their portfolios overlap 100.0%: 50 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 Nifty50 Equal Weight Index Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Category | Index | Not available |
| AUM | ₹87 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹9.58 (Direct) | ₹31.71 (Regular) |
| Expense ratio (Direct) | 1.25% | Not available |
| Expense ratio (Regular) | 2.04% | 0.22% |
| Riskometer | Very High | Not available |
| Benchmark | NIFTY 50 Equal Weight Index | Not available |
| Launch date | 23-07-2026 | 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 Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: 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 Nifty50 Equal Weight Index Fund (Direct) | +0.97% | −6.17% | -- | -- | -- | -- | -- |
| SBI Nifty50 Equal Weight ETF (Regular) | +0.99% | −6.16% | −2.76% | −5.04% | -- | -- | -- |
Axis Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Year-wise Returns
| Year | Axis Nifty50 Equal Weight IndexAxis Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF | NIFTY50 Equal Weight TRI |
|---|---|---|---|
| 2026to date | -- | −5.78% | −5.56% |
| 2025 | -- | +14.41% | +14.81% |
Axis Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of both
Axis Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty50 Equal Weight Index Fund (Direct) | SBI Nifty50 Equal Weight ETF (Regular) |
|---|---|---|
| Return (CAGR) | −18.47% | +1.07% |
| Standard deviation | 11.70% | 13.55% |
| Sharpe ratio | -2.03 | -0.35 |
| Sortino ratio | -2.64 | -0.48 |
| Maximum drawdown | −11.4% (08-10-2026) | −18.0% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.20% | −0.34% |
From daily NAVs, 28-07-2026 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 Nifty50 Equal Weight Index Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
NIFTY50 Equal Weight TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty50 Equal Weight Index Fund (Direct) | −11.4% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.1% |
| SBI Nifty50 Equal Weight ETF (Regular) | −11.4% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.1% |
| NIFTY50 Equal Weight TRI | −11.3% | 03-08-2026 | 08-10-2026 | Not yet | -- | −8.0% |
From daily values since 28-07-2026, the first day every fund has.
Axis Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty50 Equal Weight Index Fund, September 2026; SBI Nifty50 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in Axis Nifty50 Equal Weight Index
- 0
- Only in SBI Nifty50 Equal Weight ETF
- 0
| Security | % of Axis Nifty50 Equal Weight Index | % of SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.12% | 2.11% |
| Dr. Reddy's Laboratories Limited | 2.11% | 2.10% |
| InterGlobe Aviation Limited | 2.07% | 2.06% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 2.06% |
| Axis Bank Limited | 2.06% | 2.05% |
| Coal India Limited | 2.05% | 2.04% |
| Infosys Limited | 2.04% | 2.04% |
| Adani Enterprises Limited | 2.04% | 2.04% |
| ICICI Bank Limited | 2.04% | 2.04% |
| Maruti Suzuki India Limited | 2.04% | 2.03% |
| NTPC Limited | 2.03% | 2.02% |
| Shriram Finance Limited | 2.03% | 2.02% |
| Bharat Electronics Limited | 2.03% | 2.02% |
| Tech Mahindra Limited | 2.02% | 2.02% |
| Tata Consultancy Services Limited | 2.02% | 2.02% |
| Bharti Airtel Limited | 2.02% | 2.02% |
| Trent Limited | 2.02% | 2.01% |
| HDFC Life Insurance Company Limited | 2.02% | 2.01% |
| Asian Paints Limited | 2.02% | 2.01% |
| UltraTech Cement Limited | 2.02% | 2.01% |
| JSW Steel Limited | 2.01% | 2.01% |
| Tata Steel Limited | 2.01% | 2.01% |
| Sun Pharmaceutical Industries Limited | 2.01% | 2.01% |
| Bajaj Finserv Limited | 2.01% | 2.00% |
| HCL Technologies Limited | 2.01% | 2.00% |
| ITC Limited | 2.01% | 2.00% |
| State Bank of India | 2.00% | 2.00% |
| Tata Motors Passenger Vehicles Limited | 2.00% | 2.00% |
| SBI Life Insurance Company Limited | 2.00% | 1.99% |
| Mahindra & Mahindra Limited | 2.00% | 1.99% |
| Eicher Motors Limited | 1.99% | 1.99% |
| Larsen & Toubro Limited | 1.99% | 1.99% |
| Hindustan Unilever Limited | 1.99% | 1.98% |
| Reliance Industries Limited | 1.99% | 1.98% |
| BSE Limited | 1.99% | 1.98% |
| Bajaj Auto Limited | 1.98% | 1.98% |
| Power Grid Corporation of India Limited | 1.98% | 1.98% |
| Tata Consumer Products Limited | 1.98% | 1.98% |
| Hindalco Industries Limited | 1.98% | 1.97% |
| HDFC Bank Limited | 1.98% | 1.97% |
| Bajaj Finance Limited | 1.98% | 1.97% |
| Nestle India Limited | 1.97% | 1.97% |
| Cipla Limited | 1.97% | 1.97% |
| Oil & Natural Gas Corporation Limited | 1.97% | 1.96% |
| Grasim Industries Limited | 1.97% | 1.96% |
| Jio Financial Services Limited | 1.96% | 1.96% |
| Eternal Limited | 1.96% | 1.96% |
| Titan Company Limited | 1.93% | 1.92% |
| Apollo Hospitals Enterprise Limited | 1.89% | 1.88% |
| Max Healthcare Institute Limited | 1.88% | 1.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 100.0% means 100.0% 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 Nifty50 Equal Weight Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in SBI Nifty50 Equal Weight ETF
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Equity | 100.3% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.3% | 0.0% |
Market cap of stocks
| Market cap | Axis Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Large Cap | 96.3% | 96.0% |
| Mid Cap | 4.0% | 4.0% |
| Small Cap | 0.0% | 0.0% |
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 Nifty50 Equal Weight Index | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Banks | 10.2% | 10.2% |
| Automobiles | 10.0% | 10.0% |
| IT - Software | 8.1% | 8.1% |
| Finance | 8.0% | 8.0% |
| Pharmaceuticals & Biotechnology | 6.1% | 6.1% |
| Insurance | 4.0% | 4.0% |
| Ferrous Metals | 4.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty50 Equal Weight Index vs SBI Nifty50 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty50 Equal Weight Index Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 2.04% | 0.22% |
| Base expense ratio (Regular) | 0.90% | 0.15% |
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 Nifty50 Equal Weight Index Fund vs SBI Nifty50 Equal Weight ETF: Frequently Asked Questions
What is the difference between Axis Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF?
Axis Nifty50 Equal Weight Index Fund is an Index fund, SBI Nifty50 Equal Weight ETF is a mutual fund, run by Axis Mutual Fund and SBI Mutual Fund. Their portfolios overlap 100.0%. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and SBI Nifty50 Equal Weight ETF 0.22%.
Which has the lower expense ratio, Axis Nifty50 Equal Weight Index Fund or SBI Nifty50 Equal Weight ETF?
SBI Nifty50 Equal Weight ETF charges less: 0.22% a year against 1.25%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being KOTAKBANK, DRREDDY, INDIGO. From each fund's latest monthly portfolio.
Can I invest in both Axis Nifty50 Equal Weight Index Fund and SBI Nifty50 Equal Weight ETF?
Yes. 100.0% 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.