I'll look up the major Nifty equal weight ETFs available in India, their expense ratios, and AUMs.Now I have enough data to compile the table. Let me present the findings.

Nifty 50 Equal Weight ETFs — Expense Ratio & AUM

Data as of Jul/Aug 2026. There are also index fund (non-ETF) versions from HDFC (₹1,752 Cr / 0.30% TER), DSP (₹2,523 Cr), ICICI Prudential, Kotak, Aditya Birla Sun Life, SBI (₹1,045 Cr), and UTI tracking the same Nifty 50 Equal Weight Index — but the table above focuses on the exchange-traded fund (ETF) structure only.

Key takeaways:

• DSP dominates by far in AUM at ~₹1,358 Cr — nearly 8× the next ETF.
• Motilal Oswal is the cheapest at just 0.16% TER, though it's the newest and smallest alongside SBI.
• Mirae Asset charges the highest at 0.56% despite being mid-sized at ₹176 Cr.
• SBI is the smallest ETF at just ₹37 Cr with a 0.36% expense ratio — low liquidity risk for larger trades.
• All four ETFs track the Nifty 50 Equal Weight Total Return Index and rebalance quarterly; index reconstitution happens semi-annually alongside the Nifty 50.

The per share market price (NAV) is not the same across these ETFs — they trade at different price points. Here's a quick comparison:

The main reason for the wide gap: launch price and timeline. DSP launched earlier, so its NAV has compounded over a longer period. SBI and Motilal Oswal launched more recently at lower initial NAVs (typically ₹10 or ₹25), and Mirae Asset launched around May 2025 at a different base.

Despite the different per-unit prices, all four track the identical Nifty 50 Equal Weight Index, so their percentage returns should be very close (pre-expense). The absolute rupee price is just a function of when they started and at what face value — it has no bearing on performance or value for money.