indexPe

Nifty Top 10 Equal Weight PE Ratio

Moderately UndervaluedStrategyNSELast updated: 20 Aug 2026
Select Metric:
Current PE Ratio
18.03
1Y Median PE
20.27
vs 1Y Median
-11.07%

Valuation Percentile

Nifty Top 10 Equal Weight's PB is cheaper than 97% of the last year.

Not enough history for a 5Y percentile, showing 1Y instead.

As of 20 Aug 2026 · 1Y daily data (246 obs)

The Nifty Top 10 Equal Weight PE ratio is 18.03 as of 20 August 2026, about 11% below its 1-year median of 20.27, which places it in moderately undervalued territory on a historical basis.

PE Ratio vs Historical Medians

PeriodMedian PECurrent vs Median
1 Year20.27-11.07%

Historical PE Ratio

Performance and risk

1Y total return
-7.36%
5Y total return (p.a.)
+8.57%
Volatility (1Y std dev)
13.61%
Beta vs Nifty 50 (1Y)
0.95

1-year holding windows since 2006 returned a median of +15.02% (best +105.62%, worst -54.65%).

View full performance and risk

Returns as of July 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 (38.4%) and Information Technology (21.9%).

Financial Services: 38.4%Information Technology: 21.9%Telecommunication: 10.5%Oil, Gas & Consumable Fuels: 10.0%Fast Moving Consumer Goods: 9.7%Construction: 9.4%
SymbolCompanyIndustryWeight(%)
TCSTata Consultancy Services Ltd.Information Technology11.23
INFYInfosys Ltd.Information Technology10.71
BHARTIARTLBharti Airtel Ltd.Telecommunication10.52
ICICIBANKICICI Bank Ltd.Financial Services10.47
RELIANCEReliance Industries Ltd.Oil Gas & Consumable Fuels9.97
ITCITC Ltd.Fast Moving Consumer Goods9.69
KOTAKBANKKotak Mahindra Bank Ltd.Financial Services9.63
HDFCBANKHDFC Bank Ltd.Financial Services9.45
LTLarsen & Toubro Ltd.Construction9.43
AXISBANKAxis Bank Ltd.Financial Services8.89

Constituent list as of 16 August 2026, sourced from NSE Indices. Weights as of 31 July 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
Annually. The review of Nifty Dividend Opportunities 50 index is undertaken annually based on data for six months ending January.
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 20 August 2026, the Nifty Top 10 Equal Weight PE ratio is 18.03. That is about 11% below its 1-year median of 20.27.

Is the Nifty Top 10 Equal Weight undervalued right now?

On a historical basis it screens as moderately undervalued. Its current PE of 18.03 sits below every median window: 1-year (20.27).

What is a normal PE ratio for the Nifty Top 10 Equal Weight?

Over the past one year its median PE has been 20.27, and over the past six months 18.51. Today's 18.03 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 (4 stocks), Information Technology (2 stocks) and Construction (1 stock).

What returns has the Nifty Top 10 Equal Weight delivered?

As of July 2026, the Nifty Top 10 Equal Weight total return (with dividends reinvested) is -7.36% over the past year and +8.57% 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 July 2026, the Nifty Top 10 Equal Weight had an annualized volatility (standard deviation of daily returns) of 13.61%. Its beta versus the Nifty 50 is 0.95, 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 2006, the Nifty Top 10 Equal Weight total return has a median of +15.02%, with the best window at +105.62% and the worst at -54.65%. Based on NSE Total Returns Index data; a past distribution, not a prediction.

How often is the Nifty Top 10 Equal Weight rebalanced?

The Nifty Top 10 Equal Weight is rebalanced annually. The review of Nifty Dividend Opportunities 50 index is undertaken annually based on data for six months ending January. Details are in the official NSE methodology document.

Last updated: 20 August 2026.