SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
SBI Nifty50 Equal Weight ETF is a mutual fund and UTI Nifty50 Equal Weight Index Fund is an Index fund. In the year to 30-10-2026, SBI Nifty50 Equal Weight ETF (Regular) returned −5.0% and UTI Nifty50 Equal Weight Index Fund (Direct) returned −5.1%. SBI Nifty50 Equal Weight ETF charges 0.22% a year and UTI Nifty50 Equal Weight Index Fund 0.45%. Their portfolios overlap 100.0%: they hold 50 of the same securities.
SBI Nifty50 Equal Weight ETF
- 1 year return
- −5.0%
- Expense ratio
- 0.22%
- NAV
- ₹31.71
UTI Nifty50 Equal Weight Index Fund
Index
- 1 year return
- −5.1%
- Expense ratio
- 0.45%
- NAV
- ₹14.47
Which is better, SBI Nifty50 Equal Weight ETF 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.
- SBI Nifty50 Equal Weight ETF returned more over 1 year: −5.0% against −5.1%.
- SBI Nifty50 Equal Weight ETF costs less: 0.22% a year against 0.45%.
- SBI Nifty50 Equal Weight ETF fell less in its worst fall since 22-07-2024: −18.0% against −18.1%.
- UTI Nifty50 Equal Weight Index is the larger fund: ₹147 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 | SBI Nifty50 Equal Weight ETF | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Not available | Index |
| AUM | ₹38 Cr (30-09-2026) | ₹147 Cr (30-09-2026) |
| NAV | ₹31.71 (Regular) | ₹14.47 (Direct) |
| Expense ratio (Direct) | Not available | 0.45% |
| Expense ratio (Regular) | 0.22% | 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 |
SBI Nifty50 Equal Weight ETF 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 |
|---|---|---|---|---|---|---|---|
| SBI Nifty50 Equal Weight ETF (Regular) | +0.99% | −6.16% | −2.76% | −5.04% | -- | -- | -- |
| UTI Nifty50 Equal Weight Index Fund (Direct) | +0.96% | −6.21% | −2.78% | −5.10% | +11.15% | -- | -- |
SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index: Year-wise Returns
| Year | SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF | UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index | NIFTY50 Equal Weight TRI |
|---|---|---|---|
| 2026to date | −5.78% | −5.83% | −5.56% |
| 2025 | +14.41% | +14.18% | +14.81% |
| 2024 | -- | +9.98% | +10.84% |
SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index: Rolling Returns
Every holding period of both funds, against NIFTY50 Equal Weight TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 319 of them, one for each trading day from 22-07-2025 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.
SBI Nifty50 Equal Weight ETF (Regular)
UTI Nifty50 Equal Weight Index Fund (Direct)
NIFTY50 Equal Weight TRI
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Nifty50 Equal Weight ETF | 20.1 | 26.0 | 25.4 | 21.3 | 6.9 | 0.3 | 0.0 | 6.0% | 5.5% | −7.6% | 20.9% | 0% |
| UTI Nifty50 Equal Weight Index | 21.7 | 24.9 | 25.9 | 20.8 | 6.7 | 0.0 | 0.0 | 5.8% | 5.4% | −7.6% | 19.3% | 0% |
| NIFTY50 Equal Weight TRI | 16.9 | 26.0 | 26.3 | 21.9 | 8.5 | 0.3 | 0.0 | 6.4% | 5.9% | −7.3% | 21.3% | -- |
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 Equal Weight 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 22-07-2024. Past returns do not promise future returns.
SBI Nifty50 Equal Weight ETF 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 22-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular) | ₹2,80,000 | ₹2,80,941 | ₹941 | 0.3% |
| UTI Nifty50 Equal Weight IndexUTI Nifty50 Equal Weight Index Fund (Direct) | ₹2,80,000 | ₹2,80,669 | ₹669 | 0.2% |
SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular)
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.
SBI Nifty50 Equal Weight ETF 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 | SBI Nifty50 Equal Weight ETF (Regular) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.04% | −5.10% |
| Standard deviation | 13.88% | 13.70% |
| Sharpe ratio | -0.74 | -0.76 |
| Sortino ratio | -0.98 | -1.00 |
| Maximum drawdown | −12.4% (31-03-2026) | −12.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.28% | −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 | SBI Nifty50 Equal Weight ETF (Regular) | UTI Nifty50 Equal Weight Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.07% | +11.81% |
| Standard deviation | 13.55% | 13.12% |
| Sharpe ratio | -0.35 | 0.43 |
| Sortino ratio | -0.48 | 0.61 |
| Maximum drawdown | −18.0% (28-02-2025) | −18.1% (28-02-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.34% | −0.69% |
From daily NAVs, 22-07-2024 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.
SBI Nifty50 Equal Weight ETF (Regular)
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 |
|---|---|---|---|---|---|---|
| SBI Nifty50 Equal Weight ETF (Regular) | −18.0% | 27-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −8.1% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | −18.1% | 27-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.1% |
| NIFTY50 Equal Weight TRI | −17.9% | 27-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −8.0% |
From daily values since 22-07-2024, 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.
SBI Nifty50 Equal Weight ETF (Regular)
UTI Nifty50 Equal Weight Index Fund (Direct)
NIFTY50 Equal Weight TRI
Against NIFTY50 Equal Weight TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Nifty50 Equal Weight ETF (Regular) | 99% | 100% | 0.04% |
| UTI Nifty50 Equal Weight Index Fund (Direct) | 98% | 101% | 0.07% |
From month-end values since 22-07-2024. 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.
SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Nifty50 Equal Weight ETF, September 2026; UTI Nifty50 Equal Weight Index Fund, September 2026
Holdings in common
- Overlap
- 100.0%
- Held by both
- 50
- Only in SBI Nifty50 Equal Weight ETF
- 0
- Only in UTI Nifty50 Equal Weight Index
- 0
| Security | % of SBI Nifty50 Equal Weight ETF | % of UTI Nifty50 Equal Weight Index |
|---|---|---|
| Kotak Mahindra Bank Ltd. | 2.11% | 2.12% |
| Dr. Reddy's Laboratories Ltd. | 2.10% | 2.10% |
| Adani Ports and Special Economic Zone Ltd. | 2.06% | 2.06% |
| Interglobe Aviation Ltd. | 2.06% | 2.07% |
| Axis Bank Ltd. | 2.05% | 2.06% |
| Infosys Ltd. | 2.04% | 2.04% |
| Coal India Ltd. | 2.04% | 2.04% |
| Adani Enterprises Ltd. | 2.04% | 2.04% |
| ICICI Bank Ltd. | 2.04% | 2.04% |
| Maruti Suzuki India Ltd. | 2.03% | 2.03% |
| Tech Mahindra Ltd. | 2.02% | 2.02% |
| Tata Consultancy Services Ltd. | 2.02% | 2.02% |
| Shriram Finance Ltd. | 2.02% | 2.03% |
| Bharti Airtel Ltd. | 2.02% | 2.02% |
| NTPC Ltd. | 2.02% | 2.03% |
| Bharat Electronics Ltd. | 2.02% | 2.02% |
| JSW Steel Ltd. | 2.01% | 2.01% |
| Ultratech Cement Ltd. | 2.01% | 2.01% |
| Tata Steel Ltd. | 2.01% | 2.01% |
| Trent Ltd. | 2.01% | 2.01% |
| Asian Paints Ltd. | 2.01% | 2.02% |
| Sun Pharmaceutical Industries Ltd. | 2.01% | 2.01% |
| HDFC Life Insurance Company Ltd. | 2.01% | 2.01% |
| Bajaj Finserv Ltd. | 2.00% | 2.00% |
| Tata Motors Passenger Vehicles Ltd. | 2.00% | 2.00% |
| ITC Ltd. | 2.00% | 2.00% |
| HCL Technologies Ltd. | 2.00% | 2.00% |
| State Bank of India | 2.00% | 2.00% |
| SBI Life Insurance Co. Ltd. | 1.99% | 2.00% |
| Mahindra & Mahindra Ltd. | 1.99% | 1.99% |
| Eicher Motors Ltd. | 1.99% | 1.99% |
| Larsen & Toubro Ltd. | 1.99% | 1.99% |
| Hindustan Unilever Ltd. | 1.98% | 1.98% |
| Power Grid Corporation of India Ltd. | 1.98% | 1.98% |
| Reliance Industries Ltd. | 1.98% | 1.98% |
| Tata Consumer Products Ltd. | 1.98% | 1.98% |
| BSE Ltd. | 1.98% | 1.99% |
| Bajaj Auto Ltd. | 1.98% | 1.98% |
| Bajaj Finance Ltd. | 1.97% | 1.97% |
| Nestle India Ltd. | 1.97% | 1.97% |
| Hindalco Industries Ltd. | 1.97% | 1.98% |
| HDFC Bank Ltd. | 1.97% | 1.98% |
| Cipla Ltd. | 1.97% | 1.97% |
| Jio Financial Services Ltd. | 1.96% | 1.96% |
| Eternal Ltd. | 1.96% | 1.96% |
| Oil & Natural Gas Corporation Ltd. | 1.96% | 1.96% |
| Grasim Industries Ltd. | 1.96% | 1.97% |
| Titan Company Ltd. | 1.92% | 1.93% |
| Apollo Hospitals Enterprise Ltd. | 1.88% | 1.88% |
| Max Healthcare Institute Ltd. | 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 SBI Nifty50 Equal Weight ETF
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 | SBI Nifty50 Equal Weight ETF | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Equity | 100.0% | 100.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.0% | -0.1% |
Market cap of stocks
| Market cap | SBI Nifty50 Equal Weight ETF | UTI Nifty50 Equal Weight Index |
|---|---|---|
| Large Cap | 96.0% | 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 | SBI Nifty50 Equal Weight ETF | 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% |
| Ferrous Metals | 4.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Nifty50 Equal Weight ETF | UTI Nifty50 Equal Weight Index Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.45% |
| Base expense ratio (Direct) | 0.00% | 0.30% |
| Total expense ratio (Regular) | 0.22% | 0.90% |
| Base expense ratio (Regular) | 0.15% | 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.
SBI Nifty50 Equal Weight ETF vs UTI Nifty50 Equal Weight Index Fund: Frequently Asked Questions
What is the difference between SBI Nifty50 Equal Weight ETF and UTI Nifty50 Equal Weight Index Fund?
SBI Nifty50 Equal Weight ETF is a mutual fund, UTI Nifty50 Equal Weight Index Fund is an Index fund, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 100.0%. SBI Nifty50 Equal Weight ETF charges 0.22% a year and UTI Nifty50 Equal Weight Index Fund 0.45%.
Which has given higher returns, SBI Nifty50 Equal Weight ETF or UTI Nifty50 Equal Weight Index Fund?
Over 1 year: SBI Nifty50 Equal Weight ETF −5.04%, UTI Nifty50 Equal Weight Index Fund −5.10%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Nifty50 Equal Weight ETF or UTI Nifty50 Equal Weight Index Fund?
SBI Nifty50 Equal Weight ETF charges less: 0.22% a year against 0.45%. These are the total expense ratios reported to AMFI.
How much do SBI Nifty50 Equal Weight ETF and UTI Nifty50 Equal Weight Index Fund overlap?
100.0%. They hold 50 of the same securities, the largest shared ones being KOTAKBANK, DRREDDY, ADANIPORTS. From each fund's latest monthly portfolio.
Can I invest in both SBI Nifty50 Equal Weight ETF and UTI Nifty50 Equal Weight Index Fund?
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.