Why this fund wants to keep equal weight across 500 stocks
A 500-stock index is typically expected to offer wide diversification to investors, but the Nifty 500 index has a large-cap bias. However, a recently launched rule-based fund—the Nippon India Nifty 500 Equal Weight Index Fund–aims to give broader diversification across large-, mid-, and small-cap stocks. How it works Instead of market-cap weights, the fund will … Read more
