Axis Nifty50 Equal Weight Index Fund vs UTI Nifty50 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Nifty50 Equal Weight Index Fund is an Index fund and UTI Nifty50 Equal Weight Index Fund is an Index fund. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and UTI Nifty50 Equal Weight Index Fund 0.45% (Direct plans). Their portfolios overlap 100.1%: they hold 50 of the same securities.
Axis Nifty50 Equal Weight Index Fund
Index
- Expense ratio
- 1.25%
- NAV
- ₹9.58
UTI Nifty50 Equal Weight Index Fund
Index
- Expense ratio
- 0.45%
- NAV
- ₹14.47
Which is better, Axis Nifty50 Equal Weight Index or UTI Nifty50 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.
- UTI Nifty50 Equal Weight Index costs less: 0.45% a year against 1.25% (Direct plans).
- Axis Nifty50 Equal Weight Index fell less in its worst fall since 28-07-2026: −11.4% against −11.4%.
- UTI Nifty50 Equal Weight Index is the larger fund: ₹147 Cr against ₹87 Cr.
- Their portfolios overlap 100.1%: 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 | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | UTI Mutual Fund |
| Category | Index | Index |
| AUM | ₹87 Cr (30-09-2026) | ₹147 Cr (30-09-2026) |
| NAV | ₹9.58 (Direct) | ₹14.47 (Direct) |
| Expense ratio (Direct) | 1.25% | 0.45% |
| Expense ratio (Regular) | 2.04% | 0.90% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Equal Weight Index | NIFTY 50 Equal Weight TRI |
| Launch date | 23-07-2026 | 07-06-2023 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | NIL |
Axis Nifty50 Equal Weight Index vs UTI Nifty50 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 Nifty50 Equal Weight Index Fund (Direct) | +0.97% | −6.17% | -- | -- | -- | -- | -- |
| UTI Nifty50 Equal Weight Index Fund (Direct) | +0.96% | −6.21% | −2.78% | −5.10% | +11.15% | -- | -- |
Axis Nifty50 Equal Weight Index vs UTI Nifty50 Equal Weight Index: Year-wise Returns
| Year | AxisAxis Nifty50 Equal Weight Index | UTIUTI Nifty50 Equal Weight Index | NIFTY50 Equal Weight TRI |
|---|---|---|---|
| 2026to date | -- | −5.83% | −5.56% |
| 2025 | -- | +14.18% | +14.81% |
| 2024 | -- | +9.98% | +10.84% |
Axis Nifty50 Equal Weight Index vs UTI Nifty50 Equal Weight Index: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of both
Axis Nifty50 Equal Weight Index vs UTI Nifty50 Equal Weight Index: 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) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −18.47% | +11.81% |
| Standard deviation | 11.70% | 13.12% |
| Sharpe ratio | -2.03 | 0.43 |
| Sortino ratio | -2.64 | 0.61 |
| Maximum drawdown | −11.4% (08-10-2026) | −18.1% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.20% | −0.69% |
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)
UTI Nifty50 Equal Weight Index Fund (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% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | −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 UTI Nifty50 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty50 Equal Weight Index Fund, September 2026; UTI Nifty50 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 100.1%
- Held by both
- 50
- Only in Axis Nifty50 Equal Weight Index
- 0
- Only in UTI Nifty50 Equal Weight Index
- 0
| Security | % of Axis Nifty50 Equal Weight Index | % of UTI Nifty50 Equal Weight Index |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.12% | 2.12% |
| Dr. Reddy's Laboratories Limited | 2.11% | 2.10% |
| InterGlobe Aviation Limited | 2.07% | 2.07% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 2.06% |
| Axis Bank Limited | 2.06% | 2.06% |
| 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% | 2.03% |
| Shriram Finance Limited | 2.03% | 2.03% |
| Bharat Electronics Limited | 2.03% | 2.02% |
| Tech Mahindra Limited | 2.02% | 2.02% |
| Asian Paints 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% |
| 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% | 2.00% |
| Mahindra & Mahindra Limited | 2.00% | 1.99% |
| Eicher Motors Limited | 1.99% | 1.99% |
| BSE 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% |
| Hindalco Industries Limited | 1.98% | 1.98% |
| Bajaj Auto Limited | 1.98% | 1.98% |
| Power Grid Corporation of India Limited | 1.98% | 1.98% |
| HDFC Bank Limited | 1.98% | 1.98% |
| Tata Consumer Products Limited | 1.98% | 1.98% |
| Bajaj Finance Limited | 1.98% | 1.97% |
| Nestle India Limited | 1.97% | 1.97% |
| Cipla Limited | 1.97% | 1.97% |
| Grasim Industries Limited | 1.97% | 1.97% |
| Oil & Natural Gas Corporation Limited | 1.97% | 1.96% |
| Jio Financial Services Limited | 1.96% | 1.96% |
| Eternal Limited | 1.96% | 1.96% |
| Titan Company Limited | 1.93% | 1.93% |
| 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. 100.1% means 100.1% 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 UTI Nifty50 Equal Weight Index Fund
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 | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Equity | 100.3% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.3% | -0.1% |
Market cap of stocks
| Market cap | Axis Nifty50 Equal Weight Index | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Large Cap | 96.3% | 96.1% |
| 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 | UTI Nifty50 Equal Weight Index |
|---|---|---|
| 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 UTI Nifty50 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty50 Equal Weight Index Fund | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 0.45% |
| Base expense ratio (Direct) | 0.20% | 0.30% |
| Total expense ratio (Regular) | 2.04% | 0.90% |
| Base expense ratio (Regular) | 0.90% | 0.70% |
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 UTI Nifty50 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between Axis Nifty50 Equal Weight Index Fund and UTI Nifty50 Equal Weight Index Fund?
Axis Nifty50 Equal Weight Index Fund is an Index fund, UTI Nifty50 Equal Weight Index Fund is an Index fund, run by Axis Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.1%. Axis Nifty50 Equal Weight Index Fund charges 1.25% a year and UTI Nifty50 Equal Weight Index Fund 0.45%.
Which has the lower expense ratio, Axis Nifty50 Equal Weight Index Fund or UTI Nifty50 Equal Weight Index Fund?
UTI Nifty50 Equal Weight Index Fund charges less: 0.45% 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 UTI Nifty50 Equal Weight Index Fund overlap?
100.1%. They hold 50 of the same securities, the largest shared ones being KOTAKBANK, DRREDDY, INDIGO. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty50 Equal Weight Index Fund or UTI Nifty50 Equal Weight Index Fund?
On SEBI's riskometer, Axis Nifty50 Equal Weight Index Fund is rated Very High and UTI Nifty50 Equal Weight Index Fund Very High. Over their common history, the standard deviation of daily returns was 11.70% and 13.12% a year.
Can I invest in both Axis Nifty50 Equal Weight Index Fund and UTI Nifty50 Equal Weight Index Fund?
Yes. 100.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty50 Equal Weight Index Fund and UTI Nifty50 Equal Weight Index Fund?
Axis Nifty50 Equal Weight Index Fund: Nandik Malik, Rohit Gautam. UTI Nifty50 Equal Weight Index Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.