In the Nifty 100 Equal Weight Index, top-performing stocks based on 1-year returns include Bharti Airtel Ltd with an 80.85% return, Life Insurance Corporation of India with 49.90%, and ICICI Bank Ltd with 33.61%. Notable gains were also observed in Infosys Ltd at 32.04% and State Bank of India at 31.70%, showcasing significant growth in the telecom, insurance, and banking sectors.
The table below shows the nifty 100 equal weight index based on the highest market capitalisation and 1-year return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1Y Return % |
| Reliance Industries Ltd | 2929.65 | 1985700.07 | 26.38 |
| Tata Consultancy Services Ltd | 4232.75 | 1554085.59 | 20.46 |
| HDFC Bank Ltd | 1726.20 | 1319503.3 | 14.47 |
| Bharti Airtel Ltd | 1673.45 | 1019229.24 | 80.85 |
| ICICI Bank Ltd | 1256.35 | 899522.51 | 33.61 |
| Infosys Ltd | 1893.40 | 788762.78 | 32.04 |
| State Bank of India | 794.10 | 712478.33 | 31.70 |
| Hindustan Unilever Ltd | 2893.35 | 688151.04 | 17.19 |
| ITC Ltd | 512.75 | 646760.01 | 16.60 |
| Life Insurance Corporation Of India | 967.35 | 632531.4 | 49.90 |
Introduction to Nifty 100 Equal-Weight Stocks
Reliance Industries Ltd
The Market Cap of Reliance Industries Ltd is Rs. 1,985,700.07 crores. The stock’s monthly return is -3.38%. Its one-year return is 26.38%. The stock is 9.83% away from its 52-week high.
Reliance Industries Limited is a company based in India that is involved in various activities such as hydrocarbon exploration and production, petroleum refining, marketing, petrochemicals, advanced materials, composites, renewables (solar and hydrogen), retail, and digital services. The company operates in segments including Oil to Chemicals (O2C), Oil and Gas, Retail, and Digital Services.
The O2C segment comprises refining, petrochemicals, fuel retailing, aviation fuel, bulk wholesale marketing, transportation fuels, polymers, polyesters, and elastomers. Its assets in the O2C business include aromatics, gasification, multi-feed and gas crackers, downstream manufacturing facilities, logistics, and supply-chain infrastructure.
Tata Consultancy Services Ltd
The Market Cap of Tata Consultancy Services Ltd is Rs. 1,554,085.59 crores. The stock’s monthly return is -5.37%. Its one-year return is 20.46%. The stock is 8.49% away from its 52-week high.
Tata Consultancy Services Limited (TCS) is an Indian company that offers information technology (IT) services, consulting, and business solutions. It serves various industries including Banking, Capital Markets, Consumer Goods and Distribution, Communications, Media, and Information Services, Education, Energy, Resources, and Utilities, Healthcare, High Tech, Insurance, Life Sciences, Manufacturing, Public Services, Retail, and Travel and Logistics.
Its services encompass Cloud, Cognitive Business Operations, Consulting, Cybersecurity, Data and Analytics, Enterprise Solutions, IoT and Digital Engineering, Sustainability Services, TCS Interactive, TCS and AWS Cloud, TCS Enterprise Cloud, TCS and Google Cloud, as well as TCS and Microsoft Cloud.
HDFC Bank Ltd
The Market Cap of HDFC Bank Ltd is Rs. 1,319,503.30 crores. The stock’s monthly return is 5.80%. Over the past year, the return is 14.47%. The stock is currently 3.93% away from its 52-week high.
HDFC Bank Limited, a financial services conglomerate, offers a wide range of financial services including banking, insurance, and mutual funds through its subsidiaries. The bank provides various services such as commercial and investment banking, branch banking, and digital banking. Its Treasury segment comprises revenue from interest on investments, money market activities, gains or losses from investment operations, and trading in foreign exchange and derivatives.
The Retail Banking segment focuses on digital services and other retail banking activities, while the Wholesale Banking segment caters to large corporates, public sector units, and financial institutions by providing loans, non-fund facilities, and transaction services.
Bharti Airtel Ltd
The Market Cap of Bharti Airtel Ltd is Rs. 1,019,229.24 crores. The stock’s monthly return is 7.88%. Its one-year return stands at 80.85%. Currently, the stock is 6.31% away from its 52-week high.
Bharti Airtel Limited is an international telecommunications company that operates in five key sectors: Mobile Services, Homes Services, Digital TV Services, Airtel Business, and South Asia. In India, the Mobile Services segment offers voice and data telecommunications using 2G, 3G, and 4G technologies. Homes Services provides fixed-line phone and broadband services in 1,225 cities across India.
The Digital TV Services segment includes standard and HD digital TV services with 3D features and Dolby surround sound, offering a total of 706 channels, including 86 HD channels, 4 international channels, and 4 interactive services. Airtel Business specializes in providing information and communications technology (ICT) services to various entities such as enterprises, governments, carriers, and small to medium businesses.
ICICI Bank Ltd
The Market Cap of ICICI Bank Ltd is Rs. 899,522.51 crores. The stock’s monthly return is 3.78%. Its one-year return is 33.61%. The stock is currently 8.44% away from its 52-week high.
ICICI Bank Limited, an India-based banking company, offers a variety of banking and financial services through its six segments. These segments include retail banking, wholesale banking, treasury operations, other banking activities, life insurance, and other ventures. The bank also operates both domestically and internationally through its geographical segments.
Infosys Ltd
The Market Cap of Infosys Ltd is Rs. 788,762.78 crores. The stock’s monthly return is -3.03%. Its one-year return is 32.04%. The stock is 4.35% away from its 52-week high.
Infosys Limited is a company based in India that offers consulting, technology, outsourcing, and digital services. Its business segments cover areas such as Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, and Life Sciences. The remaining segments encompass various businesses in India, Japan, China, Infosys Public Services, and other public service enterprises.
The company’s core services consist of application management, proprietary application development, validation solutions, product engineering and management, infrastructure management, enterprise application integration and support.
State Bank of India
The Market Cap of the State Bank of India is Rs. 712,478.33 crores. The stock’s monthly return is -3.04%. Its one-year return is 31.70%. The stock is 14.85% away from its 52-week high.
The State Bank of India is a banking and financial services provider headquartered in India. The company offers a diverse range of products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers. Its operations are divided into segments such as Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business.
The Treasury segment focuses on investment and trading in foreign exchange and derivative contracts. The Corporate/Wholesale Banking segment includes lending activities for corporate accounts, commercial clients, and stressed assets resolution. The Retail Banking Segment provides personal banking services, including lending activities for corporate customers with banking relationships with its branches.
Hindustan Unilever Ltd
The Market Cap of Hindustan Unilever Ltd is Rs. 688,151.04 crores. The stock’s monthly return is 4.98%. Its one-year return is 17.19%. The stock is 4.90% away from its 52-week high.
Hindustan Unilever Limited, an Indian consumer goods company, operates across five key segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. Within the Beauty & Wellbeing segment, the company focuses on selling hair care, and skin care, including Prestige Beauty and Health & Wellbeing products.
The Personal Care segment covers skin cleansing, deodorant, and oral care products. Home Care involves fabric care and a variety of cleaning products. In the Nutrition segment, the company offers scratch cooking aids, dressings, and tea products. The Ice Cream segment focuses on selling ice cream products. Notable brands under the Home Care category include Domex, Comfort, and Surf Excel, among others.
ITC Ltd
The Market Cap of ITC Ltd is Rs. 646,760.01 crores. The stock’s monthly return is 1.21%. Its one-year return is 16.60%. The stock is 3.07% away from its 52-week high.
ITC Limited, a holding company based in India, operates through several segments. These segments include Fast Moving Consumer Goods (FMCG), Hotels, Paperboards, Paper and Packaging, and Agri-Business. In the FMCG segment, the company offers a variety of products such as cigarettes, cigars, personal care items, safety matches, and packaged foods like staples, snacks, dairy products, and beverages.
The Agri-Business segment deals with various agricultural commodities like wheat, rice, spices, coffee, soya, and leaf tobacco. ITC’s Hotel segment comprises six distinct brands with over 120 properties, catering to different market segments including luxury, lifestyle, premium, mid-market, upscale, and leisure and heritage.
Life Insurance Corporation Of India
The Market Cap of the Life Insurance Corporation Of India is Rs. 632,531.40 crores. The stock’s monthly return is -6.01%. Its one-year return is 49.90%. The stock is 26.32% away from its 52-week high.
Life Insurance Corporation of India (LIC) is an insurance company headquartered in India that provides life insurance services both domestically and internationally. LIC offers a variety of insurance solutions for individuals and groups, including participating, non-participating, and unit-linked options. The company’s product portfolio includes a range of insurance and investment products such as protection, pension, savings, investment, annuity, health, and variable products.
LIC is organized into different segments such as Life Individual, Participating Pension Individual, Participating Annuity Individual, Non-Participating Life (Individual & Group), Non-Participating Pension (Individual & Group), Non-Participating Annuity Individual, Non-Participating Variable Individual, Non-Participating Health Individual, and Non-Participating Unit Linked.
What is the Nifty 100 Equal Weight?
The Nifty 100 Equal Weight Index is a stock market index that includes 100 of the largest and most liquid companies listed on the National Stock Exchange of India. Unlike traditional indices, it assigns equal weight to each constituent, promoting a balanced representation of the market.
This index aims to reduce concentration risk by ensuring that no single stock disproportionately influences its performance. Investors often use the Nifty 100 Equal Weight Index as a benchmark to assess the overall health of the stock market and to guide investment decisions across diverse sectors.
Nifty 100 Equal Weight Weightage
The table below shows the nifty 100 equal weight weightage.
| Company’s Name | Weight(%) |
| Bharat Petroleum Corporation Ltd. | 1.09 |
| Vedanta Ltd. | 1.07 |
| GAIL (India) Ltd. | 1.06 |
| Indian Oil Corporation Ltd. | 1.06 |
| Hindalco Industries Ltd. | 1.05 |
| Grasim Industries Ltd. | 1.05 |
| JSW Steel Ltd. | 1.05 |
| Tata Steel Ltd. | 1.04 |
| Maruti Suzuki India Ltd. | 1.03 |
| Pidilite Industries Ltd. | 1.03 |
Nifty 100 Equal Weight Stocks List Based On 1M Return
The table below shows the nifty 100 equal weight stocks based on 1 month’s return.
| Stock Name | Close Price ₹ | 1M Return % |
| Bharti Airtel Ltd | 1673.45 | 7.88 |
| HDFC Bank Ltd | 1726.20 | 5.8 |
| Hindustan Unilever Ltd | 2893.35 | 4.98 |
| ICICI Bank Ltd | 1256.35 | 3.78 |
| ITC Ltd | 512.75 | 1.21 |
| Infosys Ltd | 1893.40 | -3.03 |
| State Bank of India | 794.10 | -3.04 |
| Reliance Industries Ltd | 2929.65 | -3.38 |
| Tata Consultancy Services Ltd | 4232.75 | -5.37 |
| Life Insurance Corporation Of India | 967.35 | -6.01 |
Nifty 100 Equal Weight Index Based On Dividend Yield
The table below shows the Nifty 100 equal weight index based on dividend yield.
| Stock Name | Close Price ₹ | Dividend Yield % |
| ITC Ltd | 512.75 | 2.65 |
| Infosys Ltd | 1893.40 | 2.41 |
| Tata Consultancy Services Ltd | 4232.75 | 1.7 |
| Hindustan Unilever Ltd | 2893.35 | 1.43 |
| HDFC Bank Ltd | 1726.20 | 1.12 |
| Life Insurance Corporation Of India | 967.35 | 1.0 |
| ICICI Bank Ltd | 1256.35 | 0.78 |
| Bharti Airtel Ltd | 1673.45 | 0.44 |
| Reliance Industries Ltd | 2929.65 | 0.34 |
How is the Nifty 100 Equal Weight Index Value Calculated?
The Nifty 100 Equal Weight Index Value is calculated by assigning equal weight to each constituent stock within the index, ensuring that all companies have the same influence on the overall index performance. This method provides a balanced view of the market, as it minimizes the impact of larger companies, allowing smaller firms to also play a significant role in the index’s movement.
To compute the index value, each stock’s price is determined and equitably averaged, regardless of their market capitalization. This approach helps investors to understand the performance of a diverse range of companies, reflecting a broader market perspective and potentially offering a more accurate representation of overall market trends.
How Stocks are Selected for the Nifty 100 Equal Weight Index?
The selection process for the Nifty 100 Equal Weight Index involves a systematic approach where stocks are chosen based on their market capitalization. This ensures that each constituent has an equal representation within the index, promoting diversity and reducing concentration risk.
The index comprises 100 stocks from the Nifty 50, carefully selected to provide a balanced exposure across various sectors. Regular reviews and rebalancing ensure that the index remains reflective of the current market landscape while maintaining its equal-weight methodology for fair evaluation.
History of the Nifty 100 Equal Weight
The Nifty 100 Equal Weight Index is designed to represent the top 100 companies listed on the National Stock Exchange (NSE) of India. Unlike traditional market capitalization-weighted indices, each company in this index holds an equal share, promoting diversification and reducing concentration risk.
Introduced in 2020, the index reflects the performance of these companies without bias towards larger firms. By equal weighting, it aims to capture a broader market sentiment and provides investors with an alternative view of India’s equity landscape, emphasizing consistent performance across diverse sectors.
Key Factors of Nifty 100 Equal Weight Index Performance
The key factor of the Nifty 100 Equal Weight Index is Diversification Across Sectors. The Nifty 100 Equal Weight Index encompasses stocks from various sectors, ensuring that investors gain exposure to a wide array of industries. This diversification minimizes the impact of sector-specific downturns and promotes balanced growth, leading to a more stable investment experience.
- Equal Weighting Strategy: In this index, each stock contributes equally, regardless of market capitalization. This strategy prevents larger companies from dominating the index performance, enabling smaller companies to influence returns. It can lead to better performance when smaller stocks outperform their larger counterparts.
- Reduced Concentration Risk: By avoiding heavy reliance on a few dominant stocks, the Nifty 100 Equal Weight Index helps to lower concentration risk. This feature protects investors from the adverse effects of downturns in specific sectors, leading to a more resilient investment portfolio over time.
- Market Volatility Resilience: The equal weighting approach can provide a buffer against market volatility. Since the index consists of numerous stocks, the performance is less susceptible to sharp declines in individual stocks, promoting steadier returns during turbulent market conditions.
- Enhanced Long-Term Returns: Historically, equal-weight indices have shown the potential for enhanced long-term returns compared to traditional market-capitalization-weighted indices. By capturing growth in smaller companies, the Nifty 100 Equal Weight Index aims to deliver superior performance over time, appealing to long-term investors.
Benefits of Investing in the Nifty 100 Equal Weight
The primary benefit of investing in the Nifty 100 Equal Weight is Diversification. The Nifty 100 Equal Weight index ensures that investments are spread across various sectors, reducing the risk associated with any single industry. This strategy promotes overall portfolio stability and can enhance returns by capitalizing on growth in different areas.
- Reduced Concentration Risk: By treating all companies equally, this index minimizes concentration risk, which is common in market-capitalization-weighted indices. This balance allows for more consistent performance and less volatility, especially during market fluctuations or downturns.
- Enhanced Performance Potential: The equal weighting approach often results in outperforming traditional indices during bull markets. It capitalizes on the performance of smaller companies, which may have higher growth potential compared to larger firms, providing better returns.
- Long-Term Growth: Investing in a diversified index like the Nifty 100 Equal Weight aligns with a long-term investment strategy. The exposure to a wide range of companies helps to capture various growth opportunities, aiding in wealth accumulation over time.
- Passive Management Strategy: The Nifty 100 Equal Weight index offers a passive investment strategy that requires less active management. Investors can benefit from the index’s performance without the need for constant monitoring, making it a convenient choice for long-term investors.
Risks of Investing in the Nifty 100 Equal Weight Index
The main risk of investing in the Nifty 100 Equal Weight Index is Market Fluctuations. The Nifty 100 Equal Weight Index is susceptible to market fluctuations, as it tracks the performance of various sectors. A downturn in a significant sector can adversely affect the index’s overall value, making it riskier during economic downturns.
- Sector Concentration: If certain sectors dominate the index, the performance may become overly reliant on those industries. This concentration can lead to greater risk if the favored sector experiences a downturn, impacting overall index returns.
- Limited Diversification: While the equal weighting strategy aims to enhance diversification, it may not provide sufficient protection against sector-specific downturns. Investors might find themselves exposed to inherent risks associated with certain industries, leading to potential losses.
- Liquidity Issues: Some constituents of the Nifty 100 Equal Weight Index may have lower trading volumes, leading to liquidity issues. This can make it challenging to execute trades without impacting the stock price significantly, increasing the risk for investors.
- Higher Transaction Costs: An equal-weighted strategy often requires more frequent rebalancing to maintain equal exposure to all stocks. This can result in higher transaction costs, potentially eroding returns over time and increasing the overall investment risk.
How to Invest in Nifty 100 Equal Weight Index?
Investing in the Nifty 100 Equal Weight Index involves a strategic approach. Start by researching the index and understanding its constituent companies, which are equally weighted. Next, open a trading account with a broker like Alice Blue. Once your account is active, you can invest in exchange-traded funds (ETFs) or mutual funds that track this index.
What are the tax implications of investing in Nifty 100 Equal Weight Index?
Investing in the Nifty 100 Equal Weight Index has specific tax implications, particularly regarding capital gains. When selling investments held for less than a year, short-term capital gains tax applies at a rate of 15%, which can affect returns. For investments held longer than a year, long-term capital gains tax comes into play, which is currently 10% on gains exceeding ₹1 lakh in a financial year.
Additionally, dividends received from companies within the index are taxed at the applicable rate as per the investor’s income tax bracket. Investors must be mindful of these tax implications, as they can significantly impact overall investment returns and financial planning. Understanding the tax rules can help optimize investment strategies and ensure compliance with tax regulations.
Future of Nifty 100 Equal Weight
The future of the Nifty 100 Equal Weight Index appears promising as it ensures diversified exposure across various sectors, reducing the risk associated with heavy-weight stocks. This equal-weighting strategy may enhance overall portfolio performance by minimizing concentration risks.
Investors are likely to appreciate the balanced nature of the Nifty 100 Equal Weight Index, which promotes stability and resilience in fluctuating markets. By allocating equal importance to all constituents, this approach can potentially lead to more consistent long-term growth compared to traditional market-cap-weighted indices.
FAQs – Nifty 100 Equal Weight Index
Nifty 100 Equal Weight Stocks refer to a set of the 100 largest companies listed on the National Stock Exchange of India, where each stock is allocated the same weight in the index. This approach contrasts with market-capitalization-weighted indices, where larger companies have more influence. Investors often prefer equal-weight indices because they provide a more balanced representation of the performance of companies.
The Best Nifty 100 Equal-Weight Stocks #1: Reliance Industries Ltd
The Best Nifty 100 Equal-Weight Stocks #2: Tata Consultancy Services Ltd
The Best Nifty 100 Equal-Weight Stocks #3: HDFC Bank Ltd
The Best Nifty 100 Equal-Weight Stocks #4: Bharti Airtel Ltd
The Best Nifty 100 Equal-Weight Stocks #5: ICICI Bank Ltd
The top 5 stocks are based on market capitalization.
The objective of Nifty 100 Equal Weight is to provide a diversified exposure to the top 100 companies listed on the National Stock Exchange of India, with an equal allocation to each stock. This approach aims to reduce concentration risk and enhance overall portfolio performance through equal representation.
Nifty 100 Equal Weight is an index that allocates equal weight to all 100 stocks, rather than weighting them based on market capitalization. This method ensures a balanced representation, reducing the impact of larger companies on the index’s overall performance. Investors in the Nifty 100 Equal Weight Index benefit from diversification, as each stock influences the index equally. This approach mitigates the risk associated with heavy reliance on a few large firms, making it an attractive option for those seeking more stable returns.
The Nifty 100 Equal Weight Index is managed by the National Stock Exchange of India (NSE). The index represents the performance of the top 100 companies listed on the exchange, where each company has an equal weight, ensuring balanced representation. The index is maintained by a specialized committee that ensures adherence to specific criteria for inclusion and maintenance. This governance structure aims to provide transparency and objectivity, helping investors make informed decisions based on the index’s performance in the stock market.
The Nifty 100 Equal Weight Index was launched on November 9, 2020. As of now, it is nearly 3 years old. This index provides equal weightage to the top 100 companies listed on the National Stock Exchange, promoting diversification and reducing the concentration risk typically associated with market capitalization-weighted indices.
To invest in Nifty 100 Equal Weight stocks in India, open a trading account with a broker like Alice Blue. Once registered, research and select stocks based on their performance. Use the trading platform to place buy orders, ensuring you monitor your investments regularly for optimal portfolio management and returns.
The Nifty 100 Equal Weight Index consists of 100 companies selected from the Nifty 100 index, ensuring each company holds an equal weight in the index. This index is designed to reflect the performance of these major companies without bias towards larger firms. By distributing equal weights to all included companies, the Nifty 100 Equal Weight Index offers a more balanced view of the market.
The selection process for the Nifty 100 Equal Weight Index involves evaluating companies based on their market capitalization, liquidity, and overall financial performance. Each stock in the index carries an equal weight, ensuring diversity and reducing concentration risks in the portfolio. To determine which stocks qualify, the index committee reviews criteria such as revenue growth, profitability, and sector representation. This approach aims to create a balanced index that reflects a wide array of sectors and minimizes the impact of individual stock fluctuations on overall performance.
Yes, we can buy Nifty 100 Equal Weighted stocks today and sell it tomorrow. Selling the investment the following day could be a strategic move to capitalize on short-term market fluctuations. However, this short-term approach depends on market conditions and price movements within that brief period, so investors should carefully analyze trends and be aware of potential risks before making such trades.
Investing in the Nifty 100 Equal Weight Index can be beneficial as it provides balanced exposure to the top 100 companies, reducing concentration risk. This approach enhances diversification and potentially improves returns over time, appealing to long-term investors seeking stability and growth in the Indian equity market.
We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
