Fund Radar: Nifty 500 Equal Weight Index: Worth investing?

As the market has been volatile of late, many investors are seeking growth opportunities without concentrating risk in a few companies. This is where the Nifty 500 Equal Weight Index can come into play. How does the Nifty 500 Equal Weight Index work? It gives equal exposure to 500 companies across large, mid and small caps. Unlike the Nifty 500 Index's allocation (71.3 per cent to large, 18.5 per cent to mid and 10.2 per cent to small caps as of November 30, 2024), the equal-weight index tilts towards mid (30 per cent) and small caps (50 per cent), with large caps at 20 per cent. The large tilt towards mid and small caps is because they comprise most