Is it worth investing in the bluest of blue-chip Nifty Top 10 stocks?

You may have come across Nifty 50 and Nifty 100 index funds, which invest in the top 50 or 100 companies by market value. But did you know about the Nifty Top 10 Equal Weight Index? It's an index of the 10 largest Indian companies based on free-float market capitalisation over the last six months. Moreover, since it's an equal weight (EW) index, each of the 10 companies is assigned a similar weight, roughly 10 per cent each. The 10 most valuable companies listed on this index are: Nifty Top 10 Equal Weight Index constituents Stock Weight (%) ICICI Bank 10.45 HDFC Bank 10.44 Larsen & Tourbo 10.22 ITC 10.11 Tata Consultancy Services 9.94 Infosys 9.93 Bharti Airtel 9.81 Axis Bank 9.79 Kotak Mahindra Bank 9.76 Reliance Industries 9.55 Source: Nifty Top 10 Equal Weight Index factsheet. Data as of October 31, 2024.