Market rally a pick-me-up for Nifty 50 Equal Weight Fund, say experts

Make a small allocation, enhance exposure as more live data becomes available

The new fund offer of Aditya Birla Sun Life Asset Management Company’s (AMC’s) Nifty 50 Equal Weight Index Fund is on at present. it will close on June 2.

DSP Mutual Fund has a fund based on the same smart-beta index, which has given a return of 81.7 per cent over the past year, beating all actively-managed large-cap funds. The best-performing active fund gave a return of 77.2 per cent over the past year, while the average for the category stood at 62 per cent. 

An equal weight index has a different constitution than a market-based index (like the Nifty50). In the