DSP Nifty 50 Equal Weight Index Fund vs HDFC NIFTY50 Equal Weight Index Fund
DSP Nifty 50 Equal Weight Index Fund and HDFC NIFTY50 Equal Weight Index Fund are both Nifty 50 Equal Weight Index Funds & ETFs. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.36% vs +12.30%, 5-year CAGR +10.95% vs +10.89%, volatility 14.48% vs 14.49%, maximum drawdown −40.95% vs −18.03%. Their portfolios overlap by 99.1% (50 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Fund house | DSP Mutual Fund | HDFC Mutual Fund |
| Compared as | Nifty 50 Equal Weight Index Funds & ETFs | Nifty 50 Equal Weight Index Funds & ETFs |
| NAV | ₹27.0926 | ₹18.3625 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 23 Oct 2017 | 20 Aug 2021 |
| Track record | 9.0 yrs | 5.2 yrs |
| Fund size (AUM) | ₹2,550 Cr | ₹1,705 Cr |
| Securities held | 50 | 50 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| 1 month | +5.34% | +5.36% |
| 3 months | −4.41% | −4.44% |
| 6 months | −0.94% | −1.06% |
| 1 year | −0.50% | −0.63% |
| 3 years (CAGR) | +12.36% | +12.30% |
| 5 years (CAGR) | +10.95% | +10.89% |
| 7 years (CAGR) | +15.16% | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +11.66% | +12.40% |
| SIP return (XIRR, 5 years) ⓘ | +10.50% | +10.42% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| 2026 (year to date) | −2.36% | −2.48% |
| 2025 | +14.29% | +14.24% |
| 2024 | +10.28% | +10.28% |
| 2023 | +30.40% | +30.38% |
| 2022 | +7.60% | +7.49% |
| 2021 | +34.16% | — |
Risk
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 14.48% | 14.49% |
| Downside volatility ⓘ | 10.47% | 10.48% |
| Sharpe ratio ⓘ | 0.41 | 0.40 |
| Sortino ratio ⓘ | 0.56 | 0.55 |
| Maximum drawdown ⓘ | −40.95% | −18.03% |
| Recovery from that fall | 8 months | 10 months |
| Current fall from peak | −4.72% | −4.75% |
| Rolling 1-year return: worst | −37.91% | −7.73% |
| Rolling 1-year return: median | +8.10% | +10.40% |
| Rolling 1-year return: best | +106.67% | +45.83% |
| Share of 1-year periods with a loss | 19.80% | 9.07% |
Against each fund's benchmark
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Beta ⓘ | 0.98 | 0.98 |
| Alpha (Jensen's, annualised) ⓘ | +2.72% | +2.67% |
| R² ⓘ | 94.69 | 94.66 |
| Upside capture | 100.30% | 100.19% |
| Downside capture | 82.55% | 82.69% |
| Tracking error | 3.45% | 3.46% |
| Information ratio | 0.84 | 0.82 |
| Treynor ratio | 4.96 | 4.90 |
Portfolio
Asset mix
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Equity | 99.88% | 99.56% |
| Cash & equivalents | 0.12% | 0.44% |
Market-cap split (share of fund assets)
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Large Cap | 95.90% | 95.63% |
| Mid Cap | 3.98% | 3.93% |
| Small Cap | 0.00% | 0.00% |
| Unclassified | 0.00% | 0.00% |
Concentration
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Top 10 holdings | 20.56% | 20.84% |
| Effective number of stocks ⓘ | 50.1 | 50.4 |
| Securities held | 50 | 50 |
Portfolio overlap: 99.1%
50 companies are held by both funds; by weight, 99.1% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index |
|---|---|---|
| Kotak Mahindra Bank Limited | 2.11% | 2.11% |
| InterGlobe Aviation Limited | 2.06% | 2.07% |
| Adani Ports and Special Economic Zone Limited | 2.06% | 2.06% |
| Dr. Reddy's Laboratories Limited | 2.10% | 2.05% |
| Axis Bank Limited | 2.05% | 2.05% |
| ICICI Bank Limited | 2.04% | 2.04% |
| Coal India Limited | 2.04% | 2.04% |
| Maruti Suzuki India Limited | 2.03% | 2.03% |
| Shriram Finance Limited | 2.02% | 2.03% |
| NTPC Limited | 2.02% | 2.02% |
| JSW Steel Limited | 2.01% | 2.01% |
| Asian Paints Limited | 2.01% | 2.01% |
| Sun Pharmaceutical Industries Limited | 2.01% | 2.01% |
| Tata Steel Ltd. | 2.01% | 2.01% |
| Bharti Airtel Limited | 2.01% | 2.02% |
Top 10 holdings
DSP Nifty 50 Equal Weight Index
- Kotak Mahindra Bank Limited2.11%
- Dr. Reddy's Laboratories Limited2.10%
- InterGlobe Aviation Limited2.06%
- Adani Ports and Special Economic Zone Limited2.06%
- Axis Bank Limited2.05%
- ICICI Bank Limited2.04%
- Adani Enterprises Limited2.04%
- Coal India Limited2.04%
- Infosys Limited2.03%
- Maruti Suzuki India Limited2.03%
HDFC NIFTY50 Equal Weight Index
- HCL Technologies Ltd.2.32%
- Kotak Mahindra Bank Limited2.11%
- InterGlobe Aviation Limited2.07%
- Adani Ports and Special Economic Zone Limited2.06%
- Dr. Reddy's Laboratories Limited2.05%
- Axis Bank Limited2.05%
- Tata Consultancy Services Limited2.05%
- Tech Mahindra Limited2.05%
- ICICI Bank Limited2.04%
- Coal India Limited2.04%
Sector exposure
| DSP Nifty 50 Equal Weight Index | HDFC NIFTY50 Equal Weight Index | |
|---|---|---|
| Banks | 10.17% | 10.08% |
| Automobiles | 9.98% | 9.69% |
| IT - Software | 8.05% | 8.40% |
| Finance | 7.94% | 7.99% |
| Pharmaceuticals & Biotechnology | 6.08% | 6.03% |
| Ferrous Metals | 4.02% | 4.02% |
| Power | 4.00% | 4.00% |
| Insurance | 4.00% | 4.00% |
| Diversified FMCG | 3.98% | 3.98% |
| Cement & Cement Products | 3.97% | 3.98% |
| Retailing | 3.96% | 3.93% |
| Consumer Durables | 3.93% | 3.93% |
| Healthcare Services | 3.76% | 3.76% |
| Transport Services | 2.06% | 2.07% |
Questions people ask
What is the difference between DSP Nifty 50 Equal Weight Index and HDFC NIFTY50 Equal Weight Index returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return −0.50% vs −0.63%; 3-year CAGR +12.36% vs +12.30%; 5-year CAGR +10.95% vs +10.89%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do DSP Nifty 50 Equal Weight Index and HDFC NIFTY50 Equal Weight Index compare on risk?
Volatility (36 monthly returns, annualised) 14.48% vs 14.49%; Sharpe ratio 0.41 vs 0.40; Sortino ratio 0.56 vs 0.55; maximum drawdown −40.95% vs −18.03%; beta 0.98 vs 0.98.
How much do DSP Nifty 50 Equal Weight Index and HDFC NIFTY50 Equal Weight Index overlap?
By weight, 99.1% of the two portfolios is invested in the same companies; 50 stocks are held by both, the largest shared positions being Kotak Mahindra Bank Limited, InterGlobe Aviation Limited, Adani Ports and Special Economic Zone Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of DSP Nifty 50 Equal Weight Index and HDFC NIFTY50 Equal Weight Index?
DSP Nifty 50 Equal Weight Index: large cap 95.9%, mid cap 4.0%, small cap 0.0%. HDFC NIFTY50 Equal Weight Index: large cap 95.6%, mid cap 3.9%, small cap 0.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.