Introducing India's first ETF based on an

Equal-Weighted strategy




Why consider investing?

Convenient access
Convenient access

To the top 50 Indian companies via equal-weights

A unique 'zero-bias' strategy
A unique 'zero-bias' strategy

Invests equally in each stock without any bias, no fund manager 'thinking' or emotions involved

Low-cost access
Low-cost access

Comparatively lower expense ratio than active large-cap funds

More diversification, less concentration
More diversification, less concentration

Avoids undue concentration in a few stocks/sectors


To buy just 1 share of each stock in Nifty 50 (as of Sep 30, 2021), you will need to pay ₹1.55 lakh + brokerage.

But this ETF allows you to buy same 50 stocks starting as low as ₹5,000

Good return history
Good return history2

~29X Growth of the Nifty 50 Equal Weight Index over last ~22 years

2.01% Alpha: Nifty 50 Equal Weight Index (16.44% CAGR) outperformed the Nifty 50 Index (14.42% CAGR)

Where exactly does it invest?

Top 50 Indian Companies

This ETF will replicate the Nifty 50 Equal Weight TRI, a derivative of the Nifty 50 Index

Equal Weighted Strategy

Instead of a market cap-based weightage (like the Nifty 50 index), all 50 stocks from the Nifty 50 Index will be approximately equally weighted at 2% each

Before you invest!


Expect short-term out-performance or under-performance in the Nifty 50 Equal Weight TRI, esp. during periods of market ups & downs.

-52% in 1 year

Lowest ever 1 year performance3

+136% in 1 year

Highest ever 1 year performance3


Over any 1-year period, the Nifty 50 Equal Weight TRI has given.

Negative returns

27% of the time3

More than 12% return

50% of the time3


Nifty 50 Equal Weight TRI is likely to underperform Nifty 50 when the larger weighted stocks in the portfolio outperform the smaller weighted stocks in up or down markets, i.e. in highly polarized markets.


Equity investing means exposure to risk – thus having a long-term (7+ years) outlook is key to maximizing outcomes.

What do you need to invest?

1 Open a trading account

You need a trading account with a broker/ sub-broker

How to invest?
2 Demat account

You also need a Demat account for holding the ETF units

What if you don't want to open a Demat account?

No problem, invest in the DSP Equal Nifty 50 Fund – the exact same strategy in a mutual fund form

Frequently Asked Questions

What is an ETF?

Exchange Traded Funds, or ETFs, are a type of security that track an index, sector, commodities or other assets, but which can be purchased or sold on the stock exchange like any regular stock. They combine the features and potential benefits of stocks or bonds and mutual funds. Like individual stocks, ETFs can be traded throughout the day at real time prices that change based on supply and demand.

Simplicity - Buying / Selling ETFs is as simple as buying / selling any other stock on the exchange.

Realtime Trading - ETFs allow investors to take benefit of intraday movements in the market, which is not possible with open-ended Funds.

Low cost - The cost of investing in ETFs is generally lower than an active fund invested in the same market of assets.

Seamless trading - Existing investors insulated from bearing transaction costs of other investors coming in or going out.

Transparency - Holdings published daily, so investor always knows exactly what is owned.

Under Market cap strategy, stocks are weighed based on free-float market capitalisation while under equal weight strategy, stocks are weighed equally (there is no valuation or size bias).

While the weights for all stocks are equal, weights for relatively small stocks are still high compared to their weights in market cap weight index strategies – which could be a reason for the equal weight index to outperform.

Smaller capitalization stocks are typically less researched and less tracked and hence has more opportunities of being undervalued and thus tends to outperform as and when such pricing discrepancies are identified and corrected – and when such stocks outperform, having higher weights to such stocks in an equal weighted index strategy pulls the index return up - outshining other index strategies.

The NIFTY50 Equal Weight Index represents an alternative weighting index strategy to its market capitalization weighted parent index, the NIFTY 50. The index includes the same companies as its parent, however, weighted equally.

Example – HDFC Bank constitutes 9.1% of the Nifty 50 Index due to its size represented through its large free-float market cap. While the same stock has 2.0% weight in Nifty 50 Equal Weight Index, thereby eliminating bias caused by size of the company.

Data as on – Sep 30, 2021


DSP Equal Nifty 50 Index Fund was the first product to be launched on the Nifty 50 Equal Weight Index. Recently, two new index funds on the Nifty 50 Equal Weight Index were launched. However, DSP Nifty 50 Equal Weight ETF is the first Exchange Traded Fund to be launched on this index.

Anil Ghelani and Diipesh Shah will be the fund managers of the ETF.

Related Content


Data Source for any statistics/ figures above unless otherwise mentioned: Internal

1 As on Sep 30, 2021.

2 Based on CAGR returns over the period Jun 30, 1999 to Sep 30, 2021.

3 Based on daily rolling returns over the period Jun 30, 1999 to Sep 30, 2021.

For more information, product labeling & riskometers of DSP Equal Nifty 50 Fund & its benchmark, click here.

This content is for information purposes only. It should not be construed as investment advice to any party. In this material the spokesperson or DSP Investment Managers Pvt. Ltd. (the AMC) has used information that is publicly available, including information developed in-house. Information gathered & used is believed to be from reliable sources. While utmost care has been exercised while preparing this content, the AMC or any person connected does not warrant the completeness or accuracy of the information & disclaims all liabilities, losses & damages arising out of its use. Recipient(s) before acting on any information herein should make their own investigation & seek appropriate professional advice. Statements contained herein may include statements of future expectations & other forward-looking statements that are based on prevailing market conditions / various other factors & involve known & unknown risks & uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments. Any sector(s)/stock(s)/issuer(s) mentioned do not constitute any recommendation of the same & schemes of DSP Mutual Fund may or may not have any future position/s in them. Figures mentioned, if any, pertain to performance of the index & do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest directly in an index. All opinions, figures, charts/graphs & data included are as on date and are subject to change without notice. For complete details on investment objective, investment strategy, asset allocation, scheme specific risk factors & more details, please read the Scheme Information Document, Statement of Additional Information & Key Information Memorandum of respective schemes available on ISC of AMC and also on www.dspim.com. There is no assurance of any returns/ capital protection/ capital guarantee to investors in any of the mentioned Schemes. This content may have indicated the strategy/ investment approach currently followed by some Schemes & the same may change in future depending on market conditions & other factors. The portfolio of any schemes mentioned is subject to changes within the provisions of the Scheme Information Document of the scheme. For index disclaimer visit https://www.dspim.com/mandatory-disclosure. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood & accepted the disclaimer referred to in the Clauses above & will be bound by it.

NSE Disclaimer

It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE".

BSE Disclaimer

It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer clause of the BSE Limited.

Product Labelling - DSP Nifty 50 Equal Weight ETF

This product is suitable for investors who are seeking*

  • Long-term capital growth.

  • Investment in equity and equity related securities covered by NIFTY50 Equal Weight Index, subject to tracking error.

*Investors should consult their financial advisers if in doubt about whether the Scheme is suitable for them.




Riskmeter sceme


NIFTY50 Equal Weight Index

Riskmeter benchmark