The scheme seeks 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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Jitendra Tolani
MBA (FINANCE)
Prior to joining Nippon Mutual Fund, he was working with Motilal Oswal Financial Services Ltd, Asit C Mehta Investment Interrmediaries Ltd.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Nippon India Nifty 500 Equal Weight Index Fund is ₹9.2 as of 2026-10-09.
Nippon India Nifty 500 Equal Weight Index Fund is classified as a Multi Cap fund.
Nippon India Nifty 500 Equal Weight Index Fund is managed by Nippon India Mutual Fund.
The Assets Under Management (AUM) of Nippon India Nifty 500 Equal Weight Index Fund is ₹450.34 Cr.
The expense ratio of Nippon India Nifty 500 Equal Weight Index Fund is 1.07%.
Nippon India Nifty 500 Equal Weight Index Fund is managed by Jitendra Tolani.
The minimum SIP investment for Nippon India Nifty 500 Equal Weight Index Fund is ₹100.
As per the SEBI Riskometer, Nippon India Nifty 500 Equal Weight Index Fund carries a Very High risk level.
Nippon India Nifty 500 Equal Weight Index Fund has delivered -2.52% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-10-09.
Nippon India Nifty 500 Equal Weight Index Fund was launched on 1995-06-30.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
