About Nippon India Nifty 500 Equal Weight Index Fund
Nippon India Nifty 500 Equal Weight Index Fund is a index fund managed by Nippon India Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty 500 Equal Weight Index before expenses, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
The scheme's stated objective, as published by Nippon India Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth Option | ₹9.6646 | 152842 |
| Direct | IDCW Option | ₹9.6646 | 152839 |
| Regular | Growth Option | ₹9.5481 | 152840 |
| Regular | IDCW Option | ₹9.5481 | 152841 |
Frequently asked questions
What is the NAV of Nippon India Nifty 500 Equal Weight Index Fund today?
The NAV of Nippon India Nifty 500 Equal Weight Index Fund (Direct plan, Growth) is ₹9.6646 and the Regular plan NAV is ₹9.5481, as of 13 Nov 2026.
What returns has Nippon India Nifty 500 Equal Weight Index Fund given?
Over the last year the Direct plan returned 1.01%. Past returns do not guarantee future returns.
What is the expense ratio of Nippon India Nifty 500 Equal Weight Index Fund?
The Direct plan charges 0.49% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Nippon India Nifty 500 Equal Weight Index Fund?
You can start a monthly SIP with ₹100, or invest a lump sum of ₹1,000 or more.
How much has Nippon India Nifty 500 Equal Weight Index Fund fallen in the past?
Its deepest fall was 23.9% from 24 Sept 2024 to 3 Mar 2025. Of every one-year stretch in its history, 69% ended in a gain.
Which category does Nippon India Nifty 500 Equal Weight Index Fund belong to?
It is a Index Fund from Nippon India Mutual Fund. Passively track a market index such as the Nifty 50 or Sensex, with low costs and returns close to the index.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Nippon India Nifty 500 Equal Weight Index Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.