Axis Nifty50 Equal Weight Index Fund vs Tata Retirement Savings Fund Progressive
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty50 Equal Weight Index Fund is an Index fund and Tata Retirement Savings Fund Progressive is a Solution fund. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and Tata Retirement Savings Fund Progressive 0.83% (Direct plans). Their portfolios overlap 28.6%: they hold 17 of the same securities.
Axis Nifty50 Equal Weight Index Fund
Index
- Expense ratio
- 1.25%
- NAV
- ₹9.58
Tata Retirement Savings Fund Progressive
Solution
- Expense ratio
- 0.83%
- NAV
- ₹78.90
Which is better, Axis Nifty50 Equal Weight Index or Tata Retirement Savings Fund Progressive? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Retirement Savings Fund Progressive costs less: 0.83% a year against 1.25% (Direct plans).
- Tata Retirement Savings Fund Progressive fell less in its worst fall since 28-07-2026: −11.3% against −11.4%.
- Axis Nifty50 Equal Weight Index holds more in large companies: 96.3% of the fund in large caps against 50.7%.
- Tata Retirement Savings Fund Progressive is the larger fund: ₹2,104 Cr against ₹87 Cr.
- Their portfolios overlap 28.6%: 17 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 | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Fund house | Axis Mutual Fund | Tata Mutual Fund |
| Category | Index | Solution |
| AUM | ₹87 Cr (30-09-2026) | ₹2,104 Cr (30-09-2026) |
| NAV | ₹9.58 (Direct) | ₹78.90 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.83% |
| Expense ratio (Regular) | 2.04% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Equal Weight Index | Nifty 500 TRI |
| Launch date | 23-07-2026 | 01-11-2011 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Nandik Malik, Rohit Gautam | Murthy Nagarajan, Sonam Udasi |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | A) If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. B) In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” - Nil. C) 1% -If redeemed before 61 months from the date of allotment. |
Axis Nifty50 Equal Weight Index vs Tata Retirement Savings Fund Progressive: 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% | -- | -- | -- | -- | -- |
| Tata Retirement Savings Fund Progressive (Direct) | −2.60% | −6.88% | −1.00% | −1.95% | +11.53% | +9.32% | +13.02% |
Axis Nifty50 Equal Weight Index vs Tata Retirement Savings Fund Progressive: Year-wise Returns
| Year | Axis Nifty50 Equal Weight IndexAxis Nifty50 Equal Weight Index | Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive |
|---|---|---|
| 2026to date | -- | −1.40% |
| 2025 | -- | +0.24% |
| 2024 | -- | +23.49% |
| 2023 | -- | +30.88% |
| 2022 | -- | −2.43% |
| 2021 | -- | +25.20% |
Axis Nifty50 Equal Weight Index vs Tata Retirement Savings Fund Progressive: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of Axis Nifty50 Equal Weight Index Fund
Axis Nifty50 Equal Weight Index vs Tata Retirement Savings Fund Progressive: 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) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | −18.47% | +14.40% |
| Standard deviation | 11.70% | 15.13% |
| Sharpe ratio | -2.03 | 0.55 |
| Sortino ratio | -2.64 | 0.75 |
| Maximum drawdown | −11.4% (08-10-2026) | −34.2% (23-03-2020) |
| Beta | 1.00 | 0.92 |
| Alpha | −0.20% | +2.18% |
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)
Tata Retirement Savings Fund Progressive (Direct)
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% |
| Tata Retirement Savings Fund Progressive (Direct) | −11.3% | 26-08-2026 | 23-10-2026 | Not yet | -- | −9.2% |
| 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 Tata Retirement Savings Fund Progressive: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty50 Equal Weight Index Fund, September 2026; Tata Retirement Savings Fund Progressive, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 17
- Only in Axis Nifty50 Equal Weight Index
- 33
- Only in Tata Retirement Savings Fund Progressive
- 35
| Security | % of Axis Nifty50 Equal Weight Index | % of Tata Retirement Savings Fund Progressive |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.12% | 2.28% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 2.46% |
| Coal India Limited | 2.05% | 2.05% |
| ICICI Bank Limited | 2.04% | 4.97% |
| Sun Pharmaceutical Industries Limited | 2.01% | 2.02% |
| Reliance Industries Limited | 1.99% | 3.66% |
| Eternal Limited | 1.96% | 4.11% |
| Titan Company Limited | 1.93% | 1.96% |
| BSE Limited | 1.99% | 1.85% |
| Tata Consumer Products Limited | 1.98% | 1.73% |
| HCL Technologies Limited | 2.01% | 1.68% |
| Nestle India Limited | 1.97% | 1.68% |
| Apollo Hospitals Enterprise Limited | 1.89% | 1.40% |
| Grasim Industries Limited | 1.97% | 1.31% |
| Shriram Finance Limited | 2.03% | 1.01% |
| Maruti Suzuki India Limited | 2.04% | 0.92% |
| Tata Consultancy Services Limited | 2.02% | 0.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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
| Security | % of fund |
|---|---|
| Dr. Reddy's Laboratories Limited | 2.11% |
| InterGlobe Aviation Limited | 2.07% |
| Axis Bank Limited | 2.06% |
| Infosys Limited | 2.04% |
| Adani Enterprises Limited | 2.04% |
Largest holdings only in Tata Retirement Savings Fund Progressive
| Security | % of fund |
|---|---|
| SOLAR INDUSTRIES INDIA LTD | 5.39% |
| MULTI COMMODITY EXCHANGE OF IND LTD | 3.81% |
| RADICO KHAITAN LTD | 3.17% |
| 360 ONE WAM LTD | 2.25% |
| KARUR VYSYA BANK LTD | 2.14% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty50 Equal Weight Index | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Equity | 100.3% | 93.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.3% | 6.5% |
Market cap of stocks
| Market cap | Axis Nifty50 Equal Weight Index | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Large Cap | 96.3% | 50.7% |
| Mid Cap | 4.0% | 21.2% |
| Small Cap | 0.0% | 19.9% |
| Not on AMFI's list | 0.0% | 1.8% |
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 | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Capital Markets | 2.0% | 11.6% |
| Banks | 10.2% | 10.5% |
| Automobiles | 10.0% | 2.4% |
| IT - Software | 8.1% | 3.2% |
| Finance | 8.0% | 3.9% |
| Pharmaceuticals & Biotechnology | 6.1% | 3.6% |
| Chemicals & Petrochemicals | 0.0% | 5.4% |
| Industrial Products | 0.0% | 4.9% |
| Beverages | 0.0% | 4.2% |
| Retailing | 4.0% | 4.1% |
| Insurance | 4.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty50 Equal Weight Index vs Tata Retirement Savings Fund Progressive: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty50 Equal Weight Index Fund | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.83% |
| Base expense ratio (Direct) | 0.20% | 0.57% |
| Total expense ratio (Regular) | 2.04% | 2.20% |
| Base expense ratio (Regular) | 0.90% | 1.75% |
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 Tata Retirement Savings Fund Progressive: Frequently Asked Questions
What is the difference between Axis Nifty50 Equal Weight Index Fund and Tata Retirement Savings Fund Progressive?
Axis Nifty50 Equal Weight Index Fund is an Index fund, Tata Retirement Savings Fund Progressive is a Solution fund, run by Axis Mutual Fund and Tata Mutual Fund. Their portfolios overlap 28.6%. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and Tata Retirement Savings Fund Progressive 0.83%.
Which has the lower expense ratio, Axis Nifty50 Equal Weight Index Fund or Tata Retirement Savings Fund Progressive?
Tata Retirement Savings Fund Progressive charges less: 0.83% a year against 1.25%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Nifty50 Equal Weight Index Fund and Tata Retirement Savings Fund Progressive overlap?
28.6%. They hold 17 of the same securities, the largest shared ones being KOTAKBANK, ADANIPORTS, COALINDIA. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty50 Equal Weight Index Fund or Tata Retirement Savings Fund Progressive?
On SEBI's riskometer, Axis Nifty50 Equal Weight Index Fund is rated Very High and Tata Retirement Savings Fund Progressive Very High. Over their common history, the standard deviation of daily returns was 11.70% and 15.13% a year.
Can I invest in both Axis Nifty50 Equal Weight Index Fund and Tata Retirement Savings Fund Progressive?
Yes. 28.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Nifty50 Equal Weight Index Fund and Tata Retirement Savings Fund Progressive?
Axis Nifty50 Equal Weight Index Fund: Nandik Malik, Rohit Gautam. Tata Retirement Savings Fund Progressive: Murthy Nagarajan, Sonam Udasi.
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.