Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Nifty 500 Equal Weight Index Fund

Holds 500 companies worth ₹448 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹450 CrNippon India Nifty 500 Equal Weight Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 14.9% on Aug 2026, ₹529 Cr.

  • Largest holding

    Sun TV NetworkSun TV Network is 0.2% of this scheme's NAV.

  • Fund manager

    Jitendra TolaniRuns it since 1 Feb 2025, as the fund house dates it.

Overview(8 Oct 2026)

Fund managers1

  1. Jitendra TolaniFund manager · Feb 2025 · 20y · MBA
  1. Himanshu MangeSept 2024 – Feb 2025

Key facts

Benchmark
Nifty 500 Equal Weight TRI
Risk
Very High
Expense
Regular 1.07% · Direct 0.49%
Exit load
Nil
Started
10 Sept 2024
Minimum
₹1,000

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(14 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctRegular 1.11% → 1.07%Direct 0.53% → 0.49%

Aug 2026

1 change
  1. Expense ratio
    23 AugRegular 1.12% → 1.11%Direct 0.54% → 0.53%

Jul 2026

1 change
  1. Expense ratio
    9 JulRegular 0.93% → 1.12%Direct 0.35% → 0.54%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Sept 2024 – now)

  1. Jitendra Tolani
  2. Himanshu Mange
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
13 changesRegularDirectΔ pt
8 Oct 20261.07%0.49%0.04
23 Aug 20261.11%0.53%0.01
9 Jul 20261.12%0.54%0.19
9 Jun 20260.93%0.35%0.54
14 May 20261.47%0.89%0.45
7 May 20261.02%0.44%0.39
9 Apr 20261.41%0.83%0.48
9 Mar 20260.97%0.35%0
8 Jan 20260.94%0.35%0
10 Nov 20250.92%0.35%0
8 Aug 20250.90%0.35%0
10 Feb 20250.89%0.35%0
20 Sept 20240.95%0.35%–
Direct plan, 8 Oct 2026
0.49%
Regular plan 1.07% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

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.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme replicating/tracking Nifty 500 Equal Weight Index
Benchmark
Nifty 500 Equal Weight TRI

Asset allocation it may hold% of NAV

  1. Securities constituting Nifty 500 Equal Weight Index
    Allowed95–100%

Holds in Sept 2026.99.6% equity · 0.4% debt and cash

How to invest(8 Oct 2026)

Buying

To start
₹1,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Systematic
Daily/Weekly/Monthly/Quarterly/Yearly
Dates
1|2|3|4|5|6|7|8|9|10|11|12|13|14|15|16|17|18|19|20|21|22|23|24|25|26|27|28|29|30|31 or as per frequecy
Minimum
₹100, then in multiples of ₹1
Instalments
60

Selling and switching

Switch minimum
₹1,000
Switch multiples
₹1

Scheme details(8 Oct 2026)

What it is

Category
Others - Index Funds
Offer
21 Aug 2024 to 4 Sept 2024
Started
10 Sept 2024
Reopened
16 Sept 2024
Plans
Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Growth Plan Growth Option Growth · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth Option Growth
Face value
Rs.10/- per unit
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank A.G.
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/O/EIN/24/07/0148