BSE 200 Equal Weight Index

Table of Content

1. BSE 200 Equal Weight Index - Meaning, Stocks, Performance and Returns

2. Unit Linked Insurance Plans (ULIPs)

3. What is the BSE 200 Equal Weight Index?

4. What Makes the Equal Weight Approach Relevant?

5. Index Construction and Rebalancing

6. Sector Allocation

7. Top Constituents

8. BSE 200 Equal Weight Index: Historical Return Data

9. Index Fundamentals and Characteristics

10. Key Risks of BSE 200 Equal Weight Index

11. Frequently Asked Questions

12. Important Information About the Fund

13. Applicable Charges under the Eligible ULIP Products

The BSE 200 Equal Weight Index is designed to represent 200 companies using an equal-weighting approach. This limits the influence of the largest companies at rebalancing and allows each constituent a similar opportunity to contribute to index movement. Equal weighting does not eliminate market, stock, sector or liquidity risk and does not assure positive returns.

Unit Linked Insurance Plans (ULIPs)

A Unit Linked Insurance Plan is a life insurance product that provides life insurance coverage along with market-linked fund options. A portion of the premium is used towards life insurance coverage and applicable charges, while the remaining amount is allocated to fund options selected by the policyholder, subject to product terms.

HDFC Life Top 200 Equal Weight Fund (SFIN: ULIF09216/09/26T200EqWtFd101), benchmarked to the BSE 200 Equal Weight Index, is proposed to be available under the following Unit Linked Insurance Products:

• HDFC Life Smart Protect Plus (UIN: 101L187V04)
• HDFC Life SampoornNivesh Plus (UIN: 101L180V01)
• HDFC Life Click 2 Wealth (UIN: 101L133V03)
• HDFC Life Click 2 Invest Plus (UIN: 101L191V02)

What is the BSE 200 Equal Weight Index?

The index provides equal weightage to the constituents of the BSE 200 Index. As per the July 2026 factsheet, its key details are:

* Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE200EQUALWEIGHT_Jul2026.pdf

What Makes the Equal Weight Approach Relevant?

An equal-weight approach assigns approximately the same weight to each constituent at rebalancing, reducing dependence on a small number of the largest companies. It offers broad participation across the constituent set. Between rebalancing dates, weights may move away from equality because of price movements.

Equal-weight strategies may perform differently from market-capitalisation-weighted indices. They may underperform when a few large companies lead the market and may have higher portfolio turnover because weights are periodically reset.

Index Construction and Rebalancing

• Eligible constituents are drawn from the BSE 200 Index at review.
• All eligible constituents are included without an additional factor-based ranking.
• Each constituent is assigned approximately equal weight at rebalancing.
• The index is rebalanced semiannually in June and December.
• Constituent weights may vary between rebalancing dates due to market movements.

This is a simplified explanation. The current BSE Indices Methodology and official notices will prevail in case of any difference.

Sector Allocation

Data as of 31 July 2026. Totals may differ marginally from 100% because of rounding. Sector weights are point-in-time values and may change. Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE200EQUALWEIGHT_Jul2026.pdf

Top Constituents

Data as of 31 July 2026. Constituent weights are point-in-time values and may change. References to companies are not recommendations. Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE200EQUALWEIGHT_Jul2026.pdf

BSE 200 Equal Weight Index: Historical Return Data

Data as of 31 July 2026. Returns for periods exceeding one year are annualised. These are benchmark index returns, not fund returns. Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE200EQUALWEIGHT_Jul2026.pdf

The index was launched on 27 September 2024. Historical information before the launch date is back-tested and hypothetical and is not actual live index performance. Past performance is not indicative of future performance.

Index Fundamentals and Characteristics^*

* Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE200EQUALWEIGHT_Jul2026.pdf

Key Risks of BSE 200 Equal Weight Index

• Market risk
• Equal-weight strategy risk
• Rebalancing and turnover risk
• Stock and sector risk
• Liquidity risk
• Tracking-difference risk
• Back-tested data limitation

Frequently Asked Questions

What is the BSE 200 Equal Weight Index?

It is an index that provides equal weightage to the constituents of the BSE 200 Index at rebalancing.

How many companies are included?

The index has 200 constituent companies.

How often is it rebalanced?

Semiannually in June and December.

Does equal weighting eliminate concentration risk?

No. It limits the weight of the largest companies at rebalancing but does not eliminate market, stock, sector or liquidity risk.

Can the index be purchased directly?

No. An index cannot be purchased directly. Exposure may be available through an eligible financial product, subject to its terms and risks.

Are index returns the same as fund returns?

No. Fund returns may differ from index returns due to expenses, charges, cash holdings, portfolio execution and other factors.

Important Information About the Fund

Investment Objective:

The Fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities aligned to the BSE 200 Equal Weight Index, subject to applicable regulatory requirements. The fund may use derivative instruments or other permitted equity instruments to calibrate risks in the portfolio.

Investment Strategy:

The fund follows a passive investment approach and seeks to remain aligned to the BSE 200 Equal Weight Index. The benchmark assigns approximately equal weight to 200 constituents at rebalancing, reducing dependence on a few large companies. The fund may not replicate benchmark returns exactly because of permitted investments, expenses, charges, cash holdings, liquidity and execution timing.

Asset Allocation:

*May include Equity ETFs, equity derivatives and any other equity instrument permitted under applicable regulations.

Applicable Charges under the Eligible ULIP Products

HDFC Life Top 200 Equal Weight Fund is available as a fund option under eligible HDFC Life Unit Linked Insurance Products. The charges applicable under the policy depend on the selected product, benefit option, premium, age, policy term, premium payment term and other applicable policy conditions.

The following charges may apply depending on the selected ULIP product:

• Premium Allocation Charge: A charge deducted from the premium before the remaining amount is allocated to the selected fund or funds.
• Policy Administration Charge: A charge towards administering and maintaining the policy. Where applicable, this may be recovered through cancellation of units at the prevailing NAV.
• Fund Management Charge: A charge for managing the investment fund. This is adjusted while calculating the NAV of the fund.
• Mortality Charge: A charge for providing life insurance coverage. It may depend on the age, sum at risk, selected benefit option and other underwriting factors and is generally recovered through cancellation of units.
• Discontinuance Charge: A charge that may apply when the policy is discontinued during the mandatory lock-in period, subject to applicable regulatory limits.
• Switching Charge: A charge that may apply for moving units from one fund to another after the available free switches, if any, have been used.
• Premium Redirection Charge: A charge that may apply when the allocation of future premiums between funds is changed.
• Partial Withdrawal Charge: A charge that may apply to partial withdrawals made after the mandatory lock-in period.
• Miscellaneous Charge: A charge that may apply for specified policy alterations or servicing requests.
• Rider Charge: A charge applicable when an optional rider is selected, based on the rider coverage and applicable terms.
• Taxes and Statutory Levies: Applicable taxes and statutory levies may be collected in accordance with prevailing laws.



The applicable charge rates, method of deduction and maximum permissible limits vary across the eligible ULIP products. Please refer to the applicable product brochure, customised benefit illustration and policy document: