The Angel One Nifty Total Market ETF and the Nifty 50 Index are 2 popular benchmarks for Indian equity investors, but they cater to different strategies. While both provide diversified exposure, their portfolio structures, sector allocations, and risk levels differ significantly.

Broader Exposure vs Blue-Chip Focus

The Nifty 50 is a large-cap index representing 50 financially sound and liquid companies. It primarily reflects large-cap movements and is often used for benchmarking large-cap mutual funds, ETFs, and index-linked products.

On the other hand, the Angel One Nifty Total Market ETF tracks a much broader universe with 752 stocks, covering giant (58.24%), large (18.02%), mid (18.38%), and small-cap (5.37%) segments. This broader base allows investors to capture growth opportunities from across the market capitalisation spectrum.

Nifty 50: A Snapshot

The Nifty 50 Index, launched on April 22, 1996, is a free float market capitalisation-weighted index, representing 50 of the largest and most liquid Indian stocks. 

As of May 28, 2025, the Nifty 50 closed at 24,752.45, down 0.30% on the day. It is rebalanced semi-annually and serves as a benchmark for various index funds and ETFs.

Nifty Total Market ETF

Until recently, Indian investors didn’t have access to an ETF that tracked the Nifty Total Market Index—an index that spans 752 stocks, covering large, mid, small, and micro-cap segments. This makes it one of the most diversified investment options, offering exposure to nearly the entire listed equity market in India.

To fill this gap, Angel One Mutual Fund has launched two new offerings based on the Nifty Total Market TRI:

• Angel One Nifty Total Market Index Fund
• Angel One Nifty Total Market ETF

Sector Allocation: Who Leads Where?

Both indices have financials at the top, but their sector weights vary:

The Angel One ETF offers significantly higher exposure to sectors like Industrials, Materials, and Consumer Discretionary, making it more growth-oriented. Conversely, the Nifty 50 is more conservative, with heavier weights in Financials and IT, contributing to its blue-chip stability.

Also Read: Nifty 50 Index Fund vs. Nifty Next 50 Index Fund: Which Suits You?

Nifty 50 vs Angel One Nifty Total Market ETF: Risk Comparison

As of May 27, 2025, Angel One Nifty Total Market ETF posted a 1-month return of 4.62% and has a P/E of 23.70 and P/B of 3.39, indicating a moderately high valuation due to broader market participation. The fund’s top 10 stocks make up 33.05% of the portfolio, maintaining diversification.

The Nifty 50, by comparison, has a P/E of 21.94 and P/B of 3.6, with a higher concentration in its top 10 holdings like HDFC Bank (13.30%), ICICI Bank (9.15%), and Reliance Industries (8.65%). It has a slightly lower dividend yield of 1.29%, and its volatility is reflected in an annualised standard deviation of 15.20%.

Which One Should You Choose?

• Conservative investors seeking lower risk and stable returns may prefer the Nifty 50.
• Long-term investors looking for diversified exposure and potential for higher growth may opt for the Angel One Nifty Total Market ETF.

Conclusion

Both the Nifty 50 and the Angel One Nifty Total Market ETF serve different investment purposes. While the Nifty 50 offers a stable, blue-chip-centric option, the Total Market ETF provides a broader and more diversified approach. Ultimately, the choice depends on the investor’s risk appetite, time horizon, and return expectations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.