Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India ETF Nifty 50 Shariah BeES is a mutual fund and UTI Nifty50 Equal Weight Index Fund is an Index fund. In the 3 years to 30-10-2026, Nippon India ETF Nifty 50 Shariah BeES (Direct) returned 1.7% a year and UTI Nifty50 Equal Weight Index Fund (Direct) returned 11.2% a year. Nippon India ETF Nifty 50 Shariah BeES charges 1.01% a year and UTI Nifty50 Equal Weight Index Fund 0.45% (Direct plans). Their portfolios overlap 35.9%: they hold 18 of the same securities.
Nippon India ETF Nifty 50 Shariah BeES
- 3 year return
- 1.7%
- Expense ratio
- 1.01%
- NAV
- ₹450.55
UTI Nifty50 Equal Weight Index Fund
Index
- 3 year return
- 11.2%
- Expense ratio
- 0.45%
- NAV
- ₹14.47
Which is better, Nippon India ETF Nifty 50 Shariah BeES 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 returned more over 3 years: 11.2% a year against 1.7%.
- UTI Nifty50 Equal Weight Index returned more over 1 year: −5.1% against −10.4%.
- UTI Nifty50 Equal Weight Index costs less: 0.45% a year against 1.01% (Direct plans).
- Nippon India ETF Nifty 50 Shariah BeES swung less over 3 years: a standard deviation of 13.5% a year against 13.6%.
- UTI Nifty50 Equal Weight Index fell less in its worst fall since 09-06-2023: −18.1% against −31.0%.
- UTI Nifty50 Equal Weight Index is the larger fund: ₹147 Cr against ₹57 Cr.
- Their portfolios overlap 35.9%: 18 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 | Nippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | UTI Mutual Fund |
| Category | Not available | Index |
| AUM | ₹57 Cr (30-09-2026) | ₹147 Cr (30-09-2026) |
| NAV | ₹450.55 (Direct) | ₹14.47 (Direct) |
| Expense ratio (Direct) | 1.01% | 0.45% |
| Expense ratio (Regular) | Not available | 0.90% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | NIFTY 50 Equal Weight TRI |
| Launch date | Not available | 07-06-2023 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Not available | NIL |
Nippon India ETF Nifty 50 Shariah BeES 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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 50 Shariah BeES (Direct) | +6.89% | −4.96% | −3.17% | −10.42% | +1.70% | +0.83% | -- |
| UTI Nifty50 Equal Weight Index Fund (Direct) | +0.96% | −6.21% | −2.78% | −5.10% | +11.15% | -- | -- |
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index: Year-wise Returns
| Year | Nippon India ETF Nifty 50 Shariah BeESNippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index |
|---|---|---|
| 2026to date | −12.54% | −5.83% |
| 2025 | −3.67% | +14.18% |
| 2024 | +9.32% | +9.98% |
| 2023 | +17.98% | -- |
| 2022 | −10.01% | -- |
| 2021 | +30.70% | -- |
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index: Rolling Returns
Every holding period of both funds, against Nifty50 Shariah TRI, the benchmark of Nippon India ETF Nifty 50 Shariah BeES
Rolling returns
Every 3-year holding period, 98 of them, one for each trading day from 09-06-2026 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.
Nippon India ETF Nifty 50 Shariah BeES (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty50 Shariah TRI
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Sept 2023
to
Sept 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 50 Shariah BeES | 27.6 | 72.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.6% | 2.2% | −2.1% | 4.1% | 0% |
| UTI Nifty50 Equal Weight Index | 0.0 | 0.0 | 12.2 | 87.8 | 0.0 | 0.0 | 0.0 | 12.6% | 13.3% | 9.1% | 14.9% | 100% |
| Nifty50 Shariah TRI | 8.2 | 88.8 | 3.1 | 0.0 | 0.0 | 0.0 | 0.0 | 2.7% | 3.3% | −1.0% | 5.3% | -- |
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 Nifty50 Shariah 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 09-06-2023. Past returns do not promise future returns.
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 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 01-06-2023 to 30-10-2026: 41 instalments, ₹4,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India ETF Nifty 50 Shariah BeESNippon India ETF Nifty 50 Shariah BeES (Direct) | ₹4,10,000 | ₹3,80,810 | −₹29,190 | −4.2% |
| UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index Fund (Direct) | ₹4,10,000 | ₹4,44,621 | ₹34,621 | 4.7% |
Nippon India ETF Nifty 50 Shariah BeESNippon India ETF Nifty 50 Shariah BeES (Direct)
UTI Nifty50 Equal Weight IndexUTI Nifty50 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.
Nippon India ETF Nifty 50 Shariah BeES 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 | Nippon India ETF Nifty 50 Shariah BeES (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.42% | −5.10% |
| Standard deviation | 14.14% | 13.70% |
| Sharpe ratio | -1.11 | -0.76 |
| Sortino ratio | -1.49 | -1.00 |
| Maximum drawdown | −20.7% (08-10-2026) | −12.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.96% | −0.36% |
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 | Nippon India ETF Nifty 50 Shariah BeES (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.70% | +11.15% |
| Standard deviation | 13.48% | 13.58% |
| Sharpe ratio | -0.32 | 0.38 |
| Sortino ratio | -0.46 | 0.53 |
| Maximum drawdown | −31.0% (08-10-2026) | −18.1% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −1.16% | −0.67% |
From daily NAVs, 30-10-2023 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 | Nippon India ETF Nifty 50 Shariah BeES (Direct) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.80% | +11.81% |
| Standard deviation | 15.68% | 13.12% |
| Sharpe ratio | 0.22 | 0.43 |
| Sortino ratio | 0.30 | 0.61 |
| Maximum drawdown | −31.0% (08-10-2026) | −18.1% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.69% |
From daily NAVs, 07-11-2016 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.
Nippon India ETF Nifty 50 Shariah BeES (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty50 Shariah TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India ETF Nifty 50 Shariah BeES (Direct) | −31.0% | 27-09-2024 | 08-10-2026 | Not yet | -- | −25.1% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | −18.1% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.1% |
| Nifty50 Shariah TRI | −29.6% | 27-09-2024 | 08-10-2026 | Not yet | -- | −23.5% |
From daily values since 09-06-2023, 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.
Nippon India ETF Nifty 50 Shariah BeES (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty50 Shariah TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India ETF Nifty 50 Shariah BeES (Direct)
UTI Nifty50 Equal Weight Index Fund (Direct)
Nifty50 Shariah TRI
Against Nifty50 Shariah TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India ETF Nifty 50 Shariah BeES (Direct) | 97% | 102% | 0.14% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | 88% | 52% | 9.78% |
From month-end values since 09-06-2023. 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.
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India ETF Nifty 50 Shariah BeES, September 2026; UTI Nifty50 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 35.9%
- Held by both
- 18
- Only in Nippon India ETF Nifty 50 Shariah BeES
- 0
- Only in UTI Nifty50 Equal Weight Index
- 32
| Security | % of Nippon India ETF Nifty 50 Shariah BeES | % of UTI Nifty50 Equal Weight Index |
|---|---|---|
| Dr. Reddy's Laboratories Limited | 3.18% | 2.10% |
| Infosys Limited | 14.83% | 2.04% |
| Tata Consultancy Services Limited | 8.84% | 2.02% |
| Asian Paints Limited | 4.59% | 2.02% |
| Tech Mahindra Limited | 4.09% | 2.02% |
| Sun Pharmaceutical Industries Limited | 8.12% | 2.01% |
| UltraTech Cement Limited | 5.47% | 2.01% |
| Trent Limited | 3.68% | 2.01% |
| HCL Technologies Limited | 5.47% | 2.00% |
| Tata Motors Passenger Vehicles Limited | 2.50% | 2.00% |
| Hindustan Unilever Limited | 7.04% | 1.98% |
| Hindalco Industries Limited | 5.76% | 1.98% |
| Tata Consumer Products Limited | 2.61% | 1.98% |
| Nestle India Limited | 3.97% | 1.97% |
| Cipla Limited | 3.20% | 1.97% |
| Eternal Limited | 9.79% | 1.96% |
| Oil & Natural Gas Corporation Limited | 3.70% | 1.96% |
| Max Healthcare Institute Limited | 2.92% | 1.88% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.9% means 35.9% 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 Nippon India ETF Nifty 50 Shariah BeES
Every holding of this fund is also held by the other.
Largest holdings only in UTI Nifty50 Equal Weight Index Fund
| Security | % of fund |
|---|---|
| EQ - KOTAK MAHINDRA BANK LTD. | 2.12% |
| EQ - INTERGLOBE AVIATION LTD | 2.07% |
| EQ - ADANI PORTS AND SPECIAL ECONO | 2.06% |
| EQ - AXIS BANK LTD. | 2.06% |
| EQ - COAL INDIA LTD. | 2.04% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Equity | 99.8% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | -0.1% |
Market cap of stocks
| Market cap | Nippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Large Cap | 93.7% | 96.1% |
| Mid Cap | 6.1% | 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 | Nippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight Index |
|---|---|---|
| IT - Software | 33.2% | 8.1% |
| Pharmaceuticals & Biotechnology | 14.5% | 6.1% |
| Retailing | 13.5% | 4.0% |
| Banks | 0.0% | 10.2% |
| Automobiles | 2.5% | 10.0% |
| Finance | 0.0% | 8.0% |
| Diversified FMCG | 7.0% | 4.0% |
| Non - Ferrous Metals | 5.8% | 2.0% |
| Cement & Cement Products | 5.5% | 4.0% |
| Ferrous Metals | 0.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India ETF Nifty 50 Shariah BeES | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 0.45% |
| Base expense ratio (Direct) | 0.82% | 0.30% |
| Total expense ratio (Regular) | Not available | 0.90% |
| Base expense ratio (Regular) | 0.00% | 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.
Nippon India ETF Nifty 50 Shariah BeES vs UTI Nifty50 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between Nippon India ETF Nifty 50 Shariah BeES and UTI Nifty50 Equal Weight Index Fund?
Nippon India ETF Nifty 50 Shariah BeES is a mutual fund, UTI Nifty50 Equal Weight Index Fund is an Index fund, run by Nippon India Mutual Fund and UTI Mutual Fund. Their portfolios overlap 35.9%. Nippon India ETF Nifty 50 Shariah BeES charges 1.01% a year and UTI Nifty50 Equal Weight Index Fund 0.45%.
Which has given higher returns, Nippon India ETF Nifty 50 Shariah BeES or UTI Nifty50 Equal Weight Index Fund?
Over 1 year: Nippon India ETF Nifty 50 Shariah BeES −10.42%, UTI Nifty50 Equal Weight Index Fund −5.10%. Over 3 years: Nippon India ETF Nifty 50 Shariah BeES +1.70% a year, UTI Nifty50 Equal Weight Index Fund +11.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India ETF Nifty 50 Shariah BeES or UTI Nifty50 Equal Weight Index Fund?
UTI Nifty50 Equal Weight Index Fund charges less: 0.45% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India ETF Nifty 50 Shariah BeES and UTI Nifty50 Equal Weight Index Fund overlap?
35.9%. They hold 18 of the same securities, the largest shared ones being DRREDDY, INFY, TCS. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India ETF Nifty 50 Shariah BeES or UTI Nifty50 Equal Weight Index Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,38,135 in Nippon India ETF Nifty 50 Shariah BeES (XIRR -5.6% a year) and ₹3,88,487 in UTI Nifty50 Equal Weight Index Fund (XIRR 3.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India ETF Nifty 50 Shariah BeES and UTI Nifty50 Equal Weight Index Fund?
Yes. 35.9% of each fund's money sits in the same holdings, so some 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.