List of Best Equal Weight ETFs in India 2026
Equal-weight strategies in India assign equal weight to every Nifty 50 stock, creating a more balanced large-cap portfolio. The Nifty50 Equal Weight Index has delivered around 15–16% annualised returns over the past 10 years, according to recent market data, showing how equal weighting can behave differently from traditional market-cap indices across cycles.
Top Equal Weight ETFs in 2026
Equal Weight ETF Stock Screener
Equal Weight ETF Stock Screener: Analyse & Filter Indian Stocks on Tickertape
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| NameStocks (7)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NipponINETFNifty SDL Apr 2026 Top 20 Equal WeightSDL26BEES | DebtDebt | 229.86229.86 | 136.11136.11 | -- | 0.070.07 | 0.820.82 | 2.822.82 | 7.067.06 | -- | -- | -- | -- | -- | 0.450.45 | |
| 2. | DSP Nifty 50 Equal Weight ETFEQUAL50ADD | EquityEquity | 52.7352.73 | 345.44345.44 | -- | 0.060.06 | -1.19-1.19 | 7.507.50 | 13.3413.34 | -- | -- | -- | -- | -- | 1.081.08 | |
| 3. | SBI Nifty50 Equal Weight ETFSBINEQWETF | EquityEquity | 20.7020.70 | 33.7033.70 | -- | 0.480.48 | -2.01-2.01 | 8.088.08 | 13.4313.43 | -- | -- | -- | -- | -- | 1.051.05 | |
| 4. | ICICI Prudential Nifty Top 15 Equal Weight ETFTOP15IETF | EquityEquity | 7.037.03 | 10.7510.75 | -- | -0.46-0.46 | -3.41-3.41 | 6.126.12 | 3.273.27 | -- | -- | -- | -- | -- | 0.760.76 | |
| 5. | Mirae Asset Nifty50 Equal Weight ETFEQUAL50 | EquityEquity | 6.796.79 | 335.04335.04 | -- | 0.160.16 | -1.13-1.13 | 7.757.75 | 6.976.97 | -- | -- | -- | -- | -- | 0.840.84 | |
| 6. | Mirae Asset Nifty Top 20 Equal Weight ETFTOP20 | EquityEquity | 6.166.16 | 9.509.50 | -- | -0.42-0.42 | -2.26-2.26 | -1.55-1.55 | -1.55-1.55 | -- | -- | -- | -- | -- | 1.161.16 | |
| 7. | MOTILAL OSWAL NIFTY 50 EQUAL WEIGHT ETFMON50EQUAL | EquityEquity | 5.925.92 | 33.6633.66 | -- | 0.450.45 | -1.00-1.00 | 8.378.37 | 11.3811.38 | -- | -- | -- | -- | -- | 0.910.91 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.
Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.
Overview of Top Equal Weight ETFs in India
DSP Nifty 50 Equal Weight ETF
This ETF tracks the Nifty 50 Equal Weight Index, in which all 50 companies have the same weight. It reduces concentration in large names and gives equal importance to every stock in the index. The ETF rebalances at set intervals to maintain equal sector and company weights.
Motilal Oswal Nifty 50 Equal Weight ETF
This ETF tracks the Nifty 50 Equal Weight Index, allocating equal weight to each of the 50 companies. It avoids overdependence on heavyweight stocks and spreads exposure more evenly. The fund maintains a balance through periodic rebalancing, allowing every company to influence index movement equally.
SBI Nifty 50 Equal Weight ETF
This ETF tracks the Nifty 50 Equal Weight Index, giving each stock an equal weight in the portfolio. It reduces concentration risk and increases diversification by treating all companies uniformly, regardless of size. Regular rebalancing helps keep the weights equal and ensures broad, balanced market exposure.
What are Equal Weight ETFs?
Equal Weight ETFs invest in an index where each stock carries the same weight, instead of larger companies dominating the allocation. The ETF resets these weights at regular intervals, reducing concentration risk and giving mid-sized and smaller companies greater influence on overall performance.
How to Invest in Equal Weight ETFs?
Here's how you can invest in Equal Weight ETFs using Tickertape -
- Create an account on the Tickertape or log in if you already have one.
- Open Tickertape Stock Screener
- Filter Equal Weight ETFs screener based on various parameters such as market cap, close price, past returns and more. You can review this data to evaluate each ETF’s performance trends and determine whether they align with your investment thesis.
- Once you’ve decided on an ETF, you can place a buy order through your brokerage account linked to Tickertape.
You can also stay updated on alerts and announcements for your favourite stocks with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!
Advantages of Investing in Equal Weight ETFs in India
Balanced Stock Exposure
Equal Weight ETFs track the Nifty 50 Equal Weight Index, in which each of the 50 stocks is roughly 2% at every rebalance. This structure ensures that no single stock dominates returns and allows mid-sized Nifty 50 companies to contribute meaningfully.
Lower Concentration Risk
The concentration in a few giants has reduced significantly. The top five companies in the market-cap-based Nifty 50 together hold about 41.76% weight, while the top five companies in the Nifty 50 Equal Weight Index hold only about 11.32%. This creates a more balanced exposure.
More Even Sector Allocation
Sector allocation becomes more even. In the standard Nifty 50, the top three sectors, finance, oil and gas, and IT, together account for around 57% of the index. In the Nifty 50 Equal Weight Index, the top three sectors account for about 43%, and healthcare replaces oil and gas as a top sector.
Better Long-Term Risk–Return Profile
A long-term study by NSE shows that since June 1999, the Nifty 50 Equal Weight Index has delivered a higher return risk ratio of 0.68 compared with 0.58 for the Nifty 50, with broadly similar volatility levels. This suggests that diversification benefits have translated into better risk-adjusted returns over long periods.
Stronger Rolling Return Behaviour
Rolling return analysis from 2000 to 2023 shows that the Nifty 50 Equal Weight Index outperformed the Nifty 50 Index across many holding periods on a daily rolling basis, although not in every single window.
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Risks of Investing in Equal Weight ETFs in India
Underperformance in Narrow Market Rallies
Equal Weight ETFs can lag in narrow markets when a few heavyweight stocks drive most of the Nifty 50 gains. The literature clearly states that equal-weight products are likely to underperform when larger-weighted stocks in the parent index outperform smaller ones during polarised rallies.
Higher Turnover and Costs
The index resets all weights to equal levels at regular intervals, often quarterly. This process results in higher portfolio turnover than a standard Nifty 50 fund and can increase trading costs and tracking error, especially in volatile markets. Turnover data for some equal-weight index funds is higher than that of simple Nifty 50 index funds.
Greater Exposure to Cyclical Stocks
Equal weighting increases exposure to relatively smaller and more cyclical names inside the Nifty 50 basket. Sector data shows higher weights in areas such as automobiles, healthcare, and consumer sectors than in the parent index. These segments can experience sharper drawdowns during economic slowdowns.
Very High Risk Classification
Most Indian equal weight index funds and ETFs carry a Very High risk label on their product pages. This recognises that although the index diversifies single-stock risk, it still behaves like a full equity product and can exhibit meaningful short-term fluctuations.
Higher Expense Ratios vs Nifty 50 Funds
Expense ratios for equal-weight index funds are typically higher than for plain Nifty 50 index funds, due to additional rebalancing and operational complexity. Comparison tools show that index funds with equal weightings have expense ratios near or above those of actively managed low-cost index funds.
Factors to Consider Before Investing in Equal Weight ETFs
Role in the portfolio
Equal-weight exposure is an alternative to owning the Nifty 50, not a different asset class. Investors often place it in the same large-cap equity bucket and decide whether they prefer a more diversified index over a market-cap-heavy one.
Behaviour across cycles
Historical data from NSE and AMC documents show that the Nifty 50 Equal Weight Index has outperformed the Nifty 50 across many long term periods, yet can lag during phases dominated by a few mega caps. This pattern indicates that outcomes depend strongly on the market cycle and the holding period.
Sector and stock mix
Current sector breakdowns show lower weight in financial services in the equal weight version, about 23% versus nearly 37% in the standard Nifty 50, and a higher presence of healthcare and some cyclical sectors. Anyone using equal-weight products usually reviews whether this mix aligns with their existing holdings.
Liquidity and scale of the ETF
Equal-weight ETFs in India still have lower assets and trading volumes compared with the largest Nifty 50 ETFs. Before using them, many investors check AUM, bid-ask spreads and tracking error, since these metrics influence execution quality for larger orders.
Rebalancing frequency and turnover
Documents for equal weight index funds state that weights reset to equal levels at fixed intervals, for example, quarterly realignment of each stock back to about 2%. This mechanical process supports the strategy but also increases turnover and transaction costs, which are reflected in the realised tracking error.
Risk label and investment horizon
Since these are equity index products with a Very High risk label, many investors pair them with a long-term horizon and do not judge them solely on one-year numbers. Rolling three to ten-year data gives a clearer view of how equal weight indices behave compared with the conventional Nifty 50 across different phases.
Taxation on Equal Weight ETFs
Equal Weight ETFs follow holding-period–based taxation. The applicable tax depends on whether gains are short-term or long-term.
| Holding Period | Tax Treatment |
|---|---|
| Short-Term (< 12 months ) | Gains taxed at a flat rate of 20% (increased from the previous 15%). |
| Long-Term (> 12 months) | Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year. |
Conclusion
Equal-weight ETFs in India offer a balanced approach within the large-cap universe, redistributing influence away from a handful of mega-caps and giving every constituent an equal role. Historical returns indicate they can outperform traditional benchmarks over certain periods, but they also carry distinct volatility and tracking characteristics. Before investing, assess how equal-weight exposure aligns with your broader equity allocation, risk tolerance and time horizon. Careful evaluation of liquidity, rebalancing frequency, and cost helps ensure these products complement your portfolio goals over the long run.
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Frequently Asked Questions on Equal Weight ETFs
What does Equal Weight ETF mean?
An Equal Weight ETF tracks an index where every stock receives the same weight. For example, in the Nifty 50 Equal Weight Index, each stock starts at roughly 2% during each rebalance, reducing concentration in the largest companies and spreading influence across all constituents.What is the best Equal Weight ETF?
The best Equal Weight ETFs as of 16th January 2026 include DSP Nifty 50 Equal Weight ETF, Motilal Oswal Nifty 50 Equal Weight ETF, and SBI Nifty 50 Equal Weight ETF.Are Equal Weight ETFs a good idea?
Equal Weight ETFs reduce reliance on heavyweight stocks and increase exposure to mid-sized companies. They have delivered strong long-term performance in various cycles, but results depend on sector trends and market phases.What are the risks of Equal Weighting?
Equal weighting may lag when a few large stocks drive index gains. It also causes higher turnover due to frequent rebalancing, which increases costs and tracking error. Exposure to cyclical sectors tends to be higher.Are Nifty 50 Equal Weight ETFs passively managed?
Yes. These ETFs use a passive, rules-based approach to mirror the Nifty 50 Equal Weight Index. Fund managers do not pick stocks; they simply follow the index weights and rebalance schedule.How to sell equal weight ETFs?
Equal Weight ETFs can be sold through your demat account by placing a sell order on the stock exchange. The trade executes at market price and settles as per exchange norms.
