Funds similar to Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth in the Equity: Multi Cap category include Nippon India Multi Cap Fund Direct-Growth, Kotak Multi Cap Fund Direct-Growth, and SBI Multicap Fund Direct-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

The category rank of Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth is shown in the Trailing Returns section above.

Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth has an expense ratio of 0.55%. The peers Nippon India Multi Cap Fund Direct-Growth has an expense ratio of 0.89% and Kotak Multi Cap Fund Direct-Growth has 0.69%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth has an AUM of ₹450.34 crore. The peers Nippon India Multi Cap Fund Direct-Growth has an AUM of ₹53,766.6 crore and Kotak Multi Cap Fund Direct-Growth has ₹30,335.3 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

The top performing fund in the Equity: Multi Cap category on a 3-year basis is Axis Multicap Fund Direct-Growth with a CAGR of 16.97% as of 21 Oct 2026. Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth has delivered - CAGR over the same period. You can view and compare the full category ranking on sharpely.

The Sharpe ratio of Nippon India Nifty 500 Equal Weight Index Fund Direct-Growth is shown in the Alpha, Beta & Sharpe section on the Performance tab.