Nifty 50 Equal Weight Index vs Nifty 50: Does equal weight result in more returns?

The Nifty 50 Equal Weight Index (N50EW) is one which the 50 stocks with highest market capitalization have equal exposure in the index. Whereas the more commonly used Nifty 50 (N50) has a market cap based exposure. In this post, we consider the impact of equal weights. Does it result in higher returns? What about risk?…

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