S&P 500 (in ₹) Historical Returns
The S&P 500 holds 500 large US companies across sectors. Shown in rupees, from an Indian index fund's NAV. Figures come from the NAV of a fund that tracks it, so returns include dividends and are after fund costs.
Price history
Month-end values. Hover a year-end point for its value.
About S&P 500 (in ₹)
The S&P 500 holds 500 large US companies across sectors. Shown in rupees, from an Indian index fund's NAV.
What it means for investors. It is the main yardstick for US equity. In rupees it includes the change in the dollar–rupee rate, which has added to returns over long periods as the rupee weakened.
In rupees: includes the change in USD/INR.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| S&P 500 (in ₹) | 22.1% | 28.1% | 16.2% | n/a | n/a | n/a | −20% | 26 Oct 2026 |
Annualised (CAGR) for periods of a year or more, ending on each series' latest date. “n/a” means the series does not go back that far. Max fall: the largest fall from a previous peak over the whole history.
AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC. Proxy: Motilal Oswal S&P 500 Index Fund (growth) (total return after fund costs (proxy)). Data 29 Apr 2020 to 26 Oct 2026.
Mutual funds linked to S&P 500 (in ₹)
MFIC groups that invest in this market, with medians for each group (medians across open-ended schemes, regular plans (etfs for etf categories), growth option, from amfi navs; NAVs as of 27 Oct 2026).
| Fund group | Link | Schemes | 1Y median | 3Y CAGR median | 5Y CAGR median | Ahead of benchmark TRI, 3Y |
|---|---|---|---|---|---|---|
| Equity ETF: International (ETFs) | Track this market | 6 | +16.4% | +31.8% | +18.6% | – |
| Index Fund: International | Track this market | 3 | +22.2% | +28.1% | +16.2% | – |
| International FoF: US | Main market of active funds | 15 | +23.7% | +29.0% | +13.7% | 5 of 7 |
| International FoF | Main market of active funds | 55 | +16.0% | +24.7% | +10.9% | 6 of 16 |
| Domestic FoF: International ETF FoF | Track this market | 6 | +18.7% | +35.1% | +20.2% | – |
Groups follow AMFI categories; theme groups are MFIC's own grouping from scheme names. "Ahead of benchmark TRI" compares each scheme's 3-year return with its own benchmark's total return index as published by AMFI; it is not shown for index funds and ETFs, which aim to match their index. Listed by how closely the group follows this market, not ranked. Open a group for every scheme in it.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 26 Oct | 18.6% |
| 2025 | 21.7% |
| 2024 | 26.5% |
| 2023 | 24.7% |
| 2022 | −10.3% |
| 2021 | 29.3% |
| 2020 part year | 24.9% |
Over 5 complete calendar years since 2021, S&P 500 (in ₹) rose in 4. Best: 2021 (+29.3%). Worst: 2022 (−10.3%).
Year-end to year-end, from AMFI NAV history (daily NAV file; earlier history via mfapi.in, which republishes AMFI NAVs), stored and cleaned by MFIC.
Falls from peak and recovery
| Peak | Bottom | Fall | Months down | Back to peak | Months to recover | Events in the fall |
|---|---|---|---|---|---|---|
| Feb 2025 | Apr 2025 | −19.4% | 2 | Jul 2025 | 3 | US tariff announcement |
| Dec 2021 | Jun 2022 | −20.1% | 6 | Jun 2023 | 12 | Russia–Ukraine war begins; RBI off-cycle rate hike |
Each fall of 10% or more from a previous high, measured on daily data. The 2 deepest are shown. “Back to peak” is the first date it regained the previous high.
Rolling returns: the range of outcomes
| Holding period | Periods | Median | Worst | Best | Middle half | Positive |
|---|---|---|---|---|---|---|
| 1 year | 67 | 21.7% | −10.3% | 44.9% | 13.0% to 28.5% | 85% |
| 3 years | 43 | 15.5% | 10.3% | 27.5% | 12.9% to 23.5% | 100% |
| 5 years | 19 | 17.1% | 16.0% | 19.4% | 16.8% to 17.7% | 100% |
Every holding period starting at a month-end in the history (overlapping). Annualised for periods over a year.
How it has moved with other assets
| Compared with | Correlation | Months |
|---|---|---|
| Nifty 50 | 0.36 | 78 |
| Gold (domestic, ₹) | 0.13 | 78 |
| 10-year G-Sec (bond fund) | 0.14 | 78 |
| USD/INR | 0.02 | 77 |
| Nasdaq 100 (in ₹) | 0.89 | 78 |
| Hang Seng (in ₹) | 0.13 | 78 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Questions
- What has S&P 500 (in ₹) returned over the long run?
- Calculated from Motilal Oswal S&P 500 Index Fund (growth), S&P 500 (in ₹) returned 16.2% a year over the 5 years to 26 Oct 2026, and 28.1% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in S&P 500 (in ₹)?
- In the data available from Apr 2020, the largest fall from a previous peak was −20.1%, from Dec 2021 to Jun 2022, and it regained the peak in Jun 2023 (12 months after the bottom). There were 2 falls of 10% or more, 1 of them 20% or more.
- How often has S&P 500 (in ₹) been positive over one year?
- Across 67 one-year periods starting at month-ends, 85% were positive; the range was −10.3% to 44.9%. Over five-year periods (19), 100% were positive, with annualised returns from 16.0% to 19.4%.
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