Let me search for information about Nifty equal weight ETFs and their expense ratios.Based on the data gathered, here are the Nifty Equal Weight ETFs ranked by expense ratio (lowest to highest), as of 5 Aug 2026:

Nifty 50 Equal Weight ETFs by Expense Ratio

Key takeaways:

• DSP Nifty 50 Equal Weight ETF is the clear leader on cost with an expense ratio of just 0.08% — the lowest among all Nifty 50 Equal Weight ETFs. It also has the largest AUM at ₹1,422 Cr, offering strong liquidity.
• Motilal Oswal sits in the middle at 0.18%, with solid 1Y returns of 10.53%.
• SBI Nifty 50 Equal Weight ETF is the most expensive of the three at 0.36%, with the smallest AUM and lowest liquidity.

Also worth noting: Mirae Asset Nifty50 Equal Weight ETF (EQUAL50) tracks the same index but its expense ratio data was not available in the screener; it had the smallest AUM at ~₹7 Cr.

Based on the data gathered, here is the complete list of all Nifty Equal Weight ETFs available in India, ranked by expense ratio (lowest to highest), as of 5 Aug 2026:

Nifty Equal Weight ETFs — Complete List by Expense Ratio

Key observations:

• Only 3 ETFs disclosed expense ratios in the screener — DSP leads at 0.08%, followed by Motilal Oswal (0.18%) and SBI (0.36%).
• DSP dominates in scale with ₹1,422 Cr AUM — more than 10× the next largest Nifty 50 Equal Weight ETF.
• The broader Nifty equal-weight universe includes Top 10, Top 15, Top 20, and SDL debt variants, though these smaller ETFs have very limited AUM and liquidity.
• Among pure Nifty 50 Equal Weight ETFs, 1Y returns cluster tightly around 9–11% regardless of expense ratio, making cost efficiency the key differentiator.

Let me look up the current NAVs for both ETFs directly.No, EQUAL50ADD and EQUAL50 do NOT have the same NAV. Despite tracking the same underlying index (Nifty 50 Equal Weight TRI), their absolute NAVs are different:

Why the NAVs differ:

Both ETFs track the same index, but they were launched at different times with different starting NAVs:

• DSP (EQUAL50ADD) — launched Nov 2021; started at ₹100 or thereabouts, now ~₹343 NAV
• Mirae Asset (EQUAL50) — launched May 2025; started at ₹100 or thereabouts, now ~₹334 NAV

Since NAV is simply the cumulative value of a single unit since inception, the older fund naturally diverges. What matters is not the absolute NAV but the percentage returns, which are nearly identical because both track the same index. On the screen, they trade at different unit prices but deliver virtually the same exposure per rupee invested.