Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Index Fund - Nifty 50 Plan is a mutual fund and PGIM India Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Nippon India Index Fund - Nifty 50 Plan (Direct) returned 7.4% a year and PGIM India Equity Savings Fund (Direct) returned 6.3% a year. Nippon India Index Fund - Nifty 50 Plan charges 0.15% a year and PGIM India Equity Savings Fund 1.12% (Direct plans). Their portfolios overlap 37.0%: they hold 37 of the same securities.
Nippon India Index Fund - Nifty 50 Plan
- 3 year return
- 7.4%
- Expense ratio
- 0.15%
- NAV
- ₹42.61
PGIM India Equity Savings Fund
Equity Savings
- 3 year return
- 6.3%
- Expense ratio
- 1.12%
- NAV
- ₹57.75
Which is better, Nippon India Index Fund - Nifty 50 Plan or PGIM India Equity Savings? 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 Index Fund - Nifty 50 Plan returned more over 5 years: 6.5% a year against 5.8%.
- Nippon India Index Fund - Nifty 50 Plan returned more over 3 years: 7.4% a year against 6.3%.
- Nippon India Index Fund - Nifty 50 Plan costs less: 0.15% a year against 1.12% (Direct plans).
- PGIM India Equity Savings swung less over 3 years: a standard deviation of 2.8% a year against 13.2%.
- PGIM India Equity Savings fell less in its worst fall since 08-03-2016: −16.2% against −38.2%.
- Nippon India Index Fund - Nifty 50 Plan holds more in large companies: 98.9% of the fund in large caps against 59.1%.
- Nippon India Index Fund - Nifty 50 Plan is the larger fund: ₹3,461 Cr against ₹57 Cr.
- Their portfolios overlap 37.0%: 37 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 Index Fund - Nifty 50 Plan | PGIM India Equity Savings Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | PGIM India Mutual Fund |
| Category | Not available | Equity Savings |
| AUM | ₹3,461 Cr (30-09-2026) | ₹57 Cr (30-09-2026) |
| NAV | ₹42.61 (Direct) | ₹57.75 (Direct) |
| Expense ratio (Direct) | 0.15% | 1.12% |
| Expense ratio (Regular) | 0.49% | 1.76% |
| Riskometer | Not available | Moderate |
| Benchmark | Not available | Nifty Equity Savings Index |
| Launch date | Not available | 05-02-2004 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Anandha Padmanabhan Anjeneyan, Vivek Sharma, Vinay Paharia, and Mr. Puneet Pal |
| Exit load | Not available | NIL |
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: 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 Index Fund - Nifty 50 Plan (Direct) | +1.94% | −5.04% | −3.18% | −10.09% | +7.43% | +6.47% | +11.27% |
| PGIM India Equity Savings Fund (Direct) | +0.09% | −1.08% | +1.54% | +1.77% | +6.34% | +5.84% | +7.46% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 23 Equity Savings funds, same plan type.
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: Year-wise Returns
| Year | Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan | PGIM India Equity SavingsPGIM India Equity Savings |
|---|---|---|
| 2026to date | −10.98% | +0.93% |
| 2025 | +11.73% | +6.88% |
| 2024 | +9.79% | +8.15% |
| 2023 | +21.00% | +8.96% |
| 2022 | +5.39% | +4.05% |
| 2021 | +25.21% | +13.78% |
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of Nippon India Index Fund - Nifty 50 Plan
Rolling returns
Every 3-year holding period, 1,882 of them, one for each trading day from 08-03-2019 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 Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity Savings Fund (Direct)
Nifty 50 TRI
to
Oct 2019Feb 2018
to
Feb 2021May 2019
to
May 2022Sept 2020
to
Sept 2023Dec 2021
to
Dec 2024Mar 2023
to
Mar 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 Index Fund - Nifty 50 Plan | 1.2 | 4.5 | 13.6 | 43.4 | 28.5 | 6.5 | 2.3 | 13.7% | 14.1% | −4.8% | 31.8% | 0% |
| PGIM India Equity Savings | 0.0 | 5.1 | 80.6 | 14.2 | 0.0 | 0.0 | 0.0 | 8.1% | 8.1% | 1.4% | 14.5% | 6% |
| Nifty 50 TRI | 1.0 | 4.0 | 12.9 | 39.1 | 33.7 | 6.9 | 2.6 | 14.1% | 14.5% | −4.5% | 32.4% | -- |
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 50 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 08-03-2016. Past returns do not promise future returns.
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: 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 01-03-2016 to 30-10-2026: 128 instalments, ₹12,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (Direct) | ₹12,80,000 | ₹22,71,826 | ₹9,91,826 | 10.3% |
| PGIM India Equity SavingsPGIM India Equity Savings Fund (Direct) | ₹12,80,000 | ₹19,00,354 | ₹6,20,354 | 7.2% |
Nippon India Index Fund - Nifty 50 PlanNippon India Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity SavingsPGIM India Equity Savings 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 Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Index Fund - Nifty 50 Plan (Direct) | PGIM India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.09% | +1.77% |
| Standard deviation | 13.60% | 3.54% |
| Sharpe ratio | -1.13 | -0.98 |
| Sortino ratio | -1.51 | -1.30 |
| Maximum drawdown | −15.1% (30-03-2026) | −3.1% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.12% | -- |
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 Index Fund - Nifty 50 Plan (Direct) | PGIM India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.43% | +6.34% |
| Standard deviation | 13.18% | 2.77% |
| Sharpe ratio | 0.11 | 0.11 |
| Sortino ratio | 0.15 | 0.15 |
| Maximum drawdown | −15.5% (04-03-2025) | −3.1% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.19% | -- |
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 Index Fund - Nifty 50 Plan (Direct) | PGIM India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.47% | +5.84% |
| Standard deviation | 13.67% | 2.64% |
| Sharpe ratio | 0.05 | 0.02 |
| Sortino ratio | 0.07 | 0.02 |
| Maximum drawdown | −15.9% (17-06-2022) | −3.1% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.22% | -- |
From daily NAVs, 29-10-2021 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 Index Fund - Nifty 50 Plan (Direct) | PGIM India Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.12% | +7.76% |
| Standard deviation | 15.76% | 4.79% |
| Sharpe ratio | 0.32 | 0.48 |
| Sortino ratio | 0.44 | 0.64 |
| Maximum drawdown | −38.2% (23-03-2020) | −16.2% (23-03-2020) |
| Beta | 0.99 | -- |
| Alpha | −0.41% | -- |
From daily NAVs, 02-01-2013 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 Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity Savings Fund (Direct)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Nippon India Index Fund - Nifty 50 Plan (Direct) | −38.2% | 14-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.7% |
| PGIM India Equity Savings Fund (Direct) | −16.2% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −1.9% |
| Nifty 50 TRI | −38.3% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −11.6% |
From daily values since 08-03-2016, 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 Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity Savings Fund (Direct)
Nifty 50 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 Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity Savings Fund (Direct)
Nifty 50 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Nippon India Index Fund - Nifty 50 Plan (Direct)
PGIM India Equity Savings Fund (Direct)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Index Fund - Nifty 50 Plan (Direct) | 99% | 101% | 0.22% |
| PGIM India Equity Savings Fund (Direct) | 37% | 17% | 11.29% |
From month-end values since 08-03-2016. 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 Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Index Fund - Nifty 50 Plan, September 2026; PGIM India Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 37
- Only in Nippon India Index Fund - Nifty 50 Plan
- 13
- Only in PGIM India Equity Savings
- 22
| Security | % of Nippon India Index Fund - Nifty 50 Plan | % of PGIM India Equity Savings |
|---|---|---|
| Reliance Industries Limited | 7.60% | 6.15% |
| HDFC Bank Limited | 10.40% | 6.09% |
| Kotak Mahindra Bank Limited | 2.94% | 3.11% |
| Bajaj Finance Limited | 2.51% | 5.56% |
| Axis Bank Limited | 3.38% | 2.43% |
| ICICI Bank Limited | 9.07% | 1.90% |
| Titan Company Limited | 1.82% | 5.79% |
| Tata Steel Limited | 1.46% | 7.83% |
| Adani Ports and Special Economic Zone Limited | 1.35% | 6.35% |
| Bharti Airtel Limited | 5.12% | 1.14% |
| State Bank of India | 3.80% | 0.93% |
| Larsen & Toubro Limited | 4.21% | 0.83% |
| Infosys Limited | 3.36% | 0.68% |
| Hindustan Unilever Limited | 1.60% | 0.60% |
| Mahindra & Mahindra Limited | 2.52% | 0.48% |
| Tata Consultancy Services Limited | 2.00% | 0.46% |
| Eternal Limited | 2.22% | 0.43% |
| Max Healthcare Institute Limited | 0.66% | 0.40% |
| Sun Pharmaceutical Industries Limited | 1.84% | 0.39% |
| NTPC Limited | 1.47% | 0.31% |
| Bharat Electronics Limited | 1.33% | 0.30% |
| ITC Limited | 2.43% | 0.27% |
| JSW Steel Limited | 1.16% | 0.27% |
| InterGlobe Aviation Limited | 1.08% | 0.27% |
| Nestle India Limited | 0.90% | 0.27% |
| Shriram Finance Limited | 1.32% | 0.26% |
| Maruti Suzuki India Limited | 1.49% | 0.24% |
| UltraTech Cement Limited | 1.24% | 0.24% |
| Tech Mahindra Limited | 0.93% | 0.23% |
| Tata Consumer Products Limited | 0.59% | 0.23% |
| Power Grid Corporation of India Limited | 1.13% | 0.21% |
| Hindalco Industries Limited | 1.31% | 0.19% |
| Asian Paints Limited | 1.04% | 0.19% |
| Eicher Motors Limited | 0.94% | 0.19% |
| HDFC Life Insurance Company Limited | 0.54% | 0.14% |
| SBI Life Insurance Company Limited | 0.73% | 0.12% |
| Cipla Limited | 0.73% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% 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 Nippon India Index Fund - Nifty 50 Plan
| Security | % of fund |
|---|---|
| HCL Technologies Limited | 1.24% |
| BSE Limited | 1.21% |
| Bajaj Auto Limited | 1.14% |
| Grasim Industries Limited | 1.11% |
| Coal India Limited | 0.97% |
Largest holdings only in PGIM India Equity Savings Fund
| Security | % of fund |
|---|---|
| 7.1% Government of India | 8.83% |
| Brookfield India Real Estate Trust | 4.97% |
| IndiGrid Infrastructure Trust | 4.83% |
| NMDC Ltd. | 4.39% |
| 8.87% Export Import Bank of India | 3.65% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Index Fund - Nifty 50 Plan | PGIM India Equity Savings |
|---|---|---|
| Equity | 100.2% | 64.8% |
| Debt | 0.0% | 16.0% |
| Cash and others | -0.2% | 19.2% |
Market cap of stocks
| Market cap | Nippon India Index Fund - Nifty 50 Plan | PGIM India Equity Savings |
|---|---|---|
| Large Cap | 98.9% | 59.1% |
| Mid Cap | 1.4% | 5.4% |
| Small Cap | 0.0% | 0.0% |
| Not on AMFI's list | 0.0% | 0.2% |
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 Index Fund - Nifty 50 Plan | PGIM India Equity Savings |
|---|---|---|
| Banks | 29.6% | 14.5% |
| Ferrous Metals | 2.6% | 8.1% |
| Petroleum Products | 7.6% | 6.2% |
| IT - Software | 7.5% | 1.5% |
| Automobiles | 6.7% | 1.2% |
| Transport Infrastructure | 1.4% | 6.3% |
| Consumer Durables | 2.9% | 6.1% |
| Finance | 5.5% | 6.0% |
| Telecom - Services | 5.1% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Index Fund - Nifty 50 Plan | PGIM India Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.15% | 1.12% |
| Base expense ratio (Direct) | 0.06% | 0.57% |
| Total expense ratio (Regular) | 0.49% | 1.76% |
| Base expense ratio (Regular) | 0.35% | 1.11% |
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.
More comparisons
Each fund against the others of its category
Nippon India Index Fund - Nifty 50 Plan vs PGIM India Equity Savings Fund: Frequently Asked Questions
What is the difference between Nippon India Index Fund - Nifty 50 Plan and PGIM India Equity Savings Fund?
Nippon India Index Fund - Nifty 50 Plan is a mutual fund, PGIM India Equity Savings Fund is an Equity Savings fund, run by Nippon India Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 37.0%. Nippon India Index Fund - Nifty 50 Plan charges 0.15% a year and PGIM India Equity Savings Fund 1.12%.
Which has given higher returns, Nippon India Index Fund - Nifty 50 Plan or PGIM India Equity Savings Fund?
Over 1 year: Nippon India Index Fund - Nifty 50 Plan −10.09%, PGIM India Equity Savings Fund +1.77%. Over 3 years: Nippon India Index Fund - Nifty 50 Plan +7.43% a year, PGIM India Equity Savings Fund +6.34% a year. Over 5 years: Nippon India Index Fund - Nifty 50 Plan +6.47% a year, PGIM India Equity Savings Fund +5.84% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Index Fund - Nifty 50 Plan or PGIM India Equity Savings Fund?
Nippon India Index Fund - Nifty 50 Plan charges less: 0.15% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Index Fund - Nifty 50 Plan and PGIM India Equity Savings Fund overlap?
37.0%. They hold 37 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Nippon India Index Fund - Nifty 50 Plan or PGIM India Equity Savings Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,93,860 in Nippon India Index Fund - Nifty 50 Plan (XIRR 5.0% a year) and ₹7,05,128 in PGIM India Equity Savings Fund (XIRR 5.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Index Fund - Nifty 50 Plan and PGIM India Equity Savings Fund?
Yes. 37.0% 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.