Nifty50 Equal Weight Index

Nifty50 Equal Weight index is a stock market index that assigns the same value or weight to all the stocks in the Nifty 50 index, regardless of their market capitalization.

It follows an alternative weighting index strategy compared with its parent index, the Nifty50. While both include the same companies, the equal weight index gives each company an equal role in determining the overall index value, rather than giving more importance to bigger companies based on their market capitalization. So, in the equal weight index, every company has the same influence, offering a balanced approach to tracking market performance.