Nifty IT Historical Returns
The Nifty IT index tracks Indian information-technology companies, most of which earn largely in US dollars. 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 Nifty IT
The Nifty IT index tracks Indian information-technology companies, most of which earn largely in US dollars.
What it means for investors. IT stocks often move with global technology spending and the rupee: a weaker rupee raises their rupee earnings. They have sometimes moved differently from domestic sectors.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty IT | −14.9% | −2.0% | −2.3% | n/a | n/a | n/a | −42% | 1 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: Nippon India ETF Nifty IT (total return after fund costs (proxy)). Data 30 Jun 2020 to 1 Oct 2026. Latest level: NSE daily index closing values. Returns use the fund NAV history, which includes dividends.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 1 Oct | −24.4% |
| 2025 | −10.6% |
| 2024 | 24.1% |
| 2023 | 26.0% |
| 2022 | −24.7% |
| 2021 | 61.9% |
| 2020 part year | 65.5% |
Over 5 complete calendar years since 2021, Nifty IT rose in 3. Best: 2021 (+61.9%). Worst: 2022 (−24.7%).
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 |
|---|---|---|---|---|---|---|
| Dec 2024 | Jul 2026 | −42.2% | 19 | not yet | — | US tariff announcement; RBI cuts repo rate by 0.50 |
| Feb 2024 | Jun 2024 | −15.3% | 4 | Jul 2024 | 1 | General election results 2024 |
| Jan 2022 | Jul 2022 | −32.0% | 6 | Feb 2024 | 19 | Russia–Ukraine war begins; RBI off-cycle rate hike |
Each fall of 10% or more from a previous high, measured on daily data. The 3 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 | 64 | 8.5% | −31.1% | 100.1% | −11.5% to 26.8% | 59% |
| 3 years | 40 | 9.2% | −2.7% | 28.1% | 5.5% to 12.7% | 95% |
| 5 years | 16 | 8.8% | −2.9% | 23.5% | 2.9% to 13.3% | 81% |
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 | 0.55 | 75 |
| Gold (domestic, ₹) | 0.01 | 75 |
| 10-year G-Sec (bond fund) | 0.23 | 75 |
| USD/INR | −0.23 | 75 |
| Nifty Bank | 0.14 | 75 |
| Nifty PSU Bank | 0.02 | 75 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty IT and the Nifty 50, year by year
| Year | Nifty IT | Nifty 50 |
|---|---|---|
| 2026 to 1 Oct | −24.4% | −13.6% |
| 2025 | −10.6% | 11.6% |
| 2024 | 24.1% | 9.6% |
| 2023 | 26.0% | 20.9% |
| 2022 | −24.7% | 5.3% |
| 2021 | 61.9% | 25.2% |
| 2020 part year | 65.5% | 15.5% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty IT returned over the long run?
- Calculated from Nippon India ETF Nifty IT, Nifty IT returned −2.3% a year over the 5 years to 1 Oct 2026, and −2.0% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Nifty IT?
- In the data available from Jun 2020, the largest fall from a previous peak was −42.2%, from Dec 2024 to Jul 2026; it had not regained that peak by 1 Oct 2026. There were 3 falls of 10% or more, 2 of them 20% or more.
- How often has Nifty IT been positive over one year?
- Across 64 one-year periods starting at month-ends, 59% were positive; the range was −31.1% to 100.1%. Over five-year periods (16), 81% were positive, with annualised returns from −2.9% to 23.5%.
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