Nifty Top 10 Equal Weight PE Ratio
Valuation Percentile
Nifty Top 10 Equal Weight's PB is cheaper than 100% of the last year.
Not enough history for a 5Y percentile, showing 1Y instead.
The Nifty Top 10 Equal Weight PE ratio is 15.98 as of 1 October 2026, about 15% below its 1-year median of 18.87, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| 1 Year | 18.87 | -15.29% |
Historical PE Ratio
Series start. P/E is published from 25 Jun 2024. Index values go back to 2 Mar 2006.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty Top 10 Equal Weight earnings grew +10.27% a year over the last 1 year, while the index moved -13.72% a year and its P/E went from 20.4 to 16.0.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty Top 10 Equal Weight
1 ETF and 2 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| DSP Nifty Top 10 Equal Weight ETF | TOP10ADD | 82 | - | - | -13.28% |
Index funds (2)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| DSP Nifty Top 10 Equal Weight Index Fund | DSP Asset Managers Private Limited | 8.441 Oct 2026 | 2024 |
| Kotak Nifty Top 10 Equal Weight Index Fund | Kotak Mahindra Asset Management Company Limited. | 8.541 Oct 2026 | 2025 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2024 returned a median of -1.43% (best +11.39%, worst -14.18%).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Top 10 Equal Weight. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Top 10 Equal Weight
The Nifty Top 10 Equal Weight contains 10 constituents. Its largest sectors by weight are Financial Services (50.4%) and Information Technology (10.1%).
Recent changes
4 October 2026: Added State Bank of India. Removed Tata Consultancy Services Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Universe
- • The company must be domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the Nifty indices • Convertible stock, bonds, warrants, rights, and preferred stock that provide a guaranteed fixed return,
- Selection
- Introduction NSE Indices has developed the Nifty Top 10 Equal Weight Index which aims to track the performance of the top 10 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
- Rebalanced
- Quarterly
- Weight cap
- The month over month change in allocation to equity component (Nifty 50 TR, excluding arbitrage component) by asset allocation model at the time of rebalancing is capped at 10%
Summarised from NSE's official methodology document (PDF) for the Nifty Top 10 Equal Weight; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty Top 10 Equal Weight PE ratio?
As of 1 October 2026, the Nifty Top 10 Equal Weight PE ratio is 15.98. That is about 15% below its 1-year median of 18.87.
Is the Nifty Top 10 Equal Weight undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 15.98 sits below every median window: 1-year (18.87).
What is a normal PE ratio for the Nifty Top 10 Equal Weight?
Over the past one year its median PE has been 18.87, and over the past six months 18.25. Today's 15.98 is toward the lower end of that historical range.
How many stocks are in the Nifty Top 10 Equal Weight?
The Nifty Top 10 Equal Weight contains 10 stocks. By number of companies, its largest sectors are Financial Services (5 stocks), Construction (1 stock) and Fast Moving Consumer Goods (1 stock).
What returns has the Nifty Top 10 Equal Weight delivered?
As of September 2026, the Nifty Top 10 Equal Weight total return (with dividends reinvested) is -11.50% over the past year and +4.48% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty Top 10 Equal Weight?
Over the year to September 2026, the Nifty Top 10 Equal Weight had an annualized volatility (standard deviation of daily returns) of 13.83%. Its beta versus the Nifty 50 is 0.96, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty Top 10 Equal Weight?
Across every one-year holding window since 2024, the Nifty Top 10 Equal Weight total return has a median of -1.43%, with the best window at +11.39% and the worst at -14.18%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
How fast have Nifty Top 10 Equal Weight earnings grown?
Nifty Top 10 Equal Weight earnings, measured as the index level divided by its P/E, grew +10.27% a year over the last 1 year, while the index itself moved -13.72% a year and its P/E fell from 20.42 to 15.98. Past growth, not a forecast.
How often is the Nifty Top 10 Equal Weight rebalanced?
The Nifty Top 10 Equal Weight is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.