Nifty 50 Equal Weight

Nifty 50 Equal Weight Index Share Price

The Nifty 50 Equal Weight Index is an alternative weighing index derived from the parent Nifty 50 Index. It possesses every one of its parent's fifty components. The sectoral concentration and the weight of each company, however, are where there are the most differences. While the Nifty 50 Index firms' weights are determined by their market capitalization, the Nifty 50 Equal Weight Index fund gives each of the 50 companies an equal weight of 2%.

Sector-wise representation in Nifty 50 Equal Weight Index

The portfolio of Nifty 50 Equal Weight fund is well diversified in terms of sectoral representation. Financial Services take the lead at 21.70%, followed by Information Technology at 12.12%, Automobile & Auto Components at 11.84%, Fast Moving Consumer Goods at 10%, Healthcare at 9.98%, Oil, Gas & Consumable Fuels at 8.18%, and Metals & Mining at 7.92%. Then comes the Construction Materials sector at 4.22%, closely pursued by Power at 4.07% and Consumer Durables at 3.99%. There is also Telecommunication at 2.02%, Services at 2.01%, and Construction at 1.96%. 

Top Constituents Nifty 50 Equal Weight Index 

• Reliance Industries Ltd. - 2.13%
• UltraTech Cement Ltd. - 2.13%
• Grasim Industries Ltd. - 2.10%
• Dr. Reddy's Laboratories Ltd. - 2.08%
• LTIMindtree Ltd. - 2.08%
• NTPC Ltd. - 2.07%
• Tata Motors Ltd. - 2.05%
• Wipro Ltd. - 2.05%
• Oil & Natural Gas Corporation Ltd. - 2.03%
• Bharat Petroleum Corporation Ltd. - 2.03% 

Nifty 50 Equal Weight Index Governance 

The Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee are the three tiers of the organization's governance structure. 

Nifty 50 Equal Weight Index Methodology

The Nifty 50 Equal Weight ETF Index, which assigns equal weights to each firm in the Nifty 50 Equal Weight Index chart at the time of review, is designed to evaluate the performance of constituents that make up the parent index, the Nifty 50 Index.

• The index's base value is 1000, and its base date is November 3, 1995.
• Every component of the Nifty 50 will be included in the index.
• Each company in the index will be given the same weight.
• If a company has more than one security (such as DVR) in the index, the firm will be equally weighted, and the securities will be weighted according to the company's free float market capitalization.
• The weights in the index will be rebalanced every three months to restore their original balance.
• The Index and Nifty 50 will be reconstituted every six months.
• In addition, if any index members are suspended, delisted, or otherwise removed from the parent index during the year, an ad hoc rebalancing and rebuilding of the index may be begun.