Can the Nifty Next 50 be your large-cap bet?

The Nifty Next 50 index is a more balanced index than its larger peer. It has low weight concentration among individual stocks as well as sectors, resulting in a more diversified portfolio. Its three biggest sectoral positions take up 57% space in the index. Meanwhile, the Nifty Next 50’s financials bet, its biggest, forms 22% of the index, even as the index carves out 42% of its portfolio towards its top three sector positions. The Nifty Next 50 index affords exposure to a wider range of sectors.