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 18.1% a year over the 5 years to 1 Oct 2026, and 27.1% 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 66 one-year periods starting at month-ends, 85% were positive; the range was −10.3% to 44.9%. Over five-year periods (18), 100% were positive, with annualised returns from 16.0% to 19.4%.

Market Intelligence › Market history › S&P 500 (in ₹)

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.

Latest data

1 Oct 2026

1-year return

+23.7%

5-year CAGR

+18.1% a year

10-year CAGR

n/a

Largest fall from peak

−20% (Dec 2021–Jun 2022)

Below previous peak now

−0.8%

Price history

Month-end values. Hover a year-end point for its value.

Below previous peak (how far it was under its earlier high at each month-end)

Open the interactive chart →

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 ₹)	23.7%	27.1%	18.1%	n/a	n/a	n/a	−20%	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: Motilal Oswal S&P 500 Index Fund (growth) (total return after fund costs (proxy)). Data 29 Apr 2020 to 1 Oct 2026.

Calendar-year returns

Year	Return
2026 to 1 Oct	19.8%
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.

Explore every fall in the Market Analyzer →

Rolling returns: the range of outcomes

Holding period	Periods	Median	Worst	Best	Middle half	Positive
1 year	66	22.0%	−10.3%	44.9%	12.3% to 28.5%	85%
3 years	42	15.2%	10.3%	27.1%	12.9% to 23.3%	100%
5 years	18	17.3%	16.0%	19.4%	16.8% to 17.8%	100%

Every holding period starting at a month-end in the history (overlapping). Annualised for periods over a year.

See rolling returns over time →

How it has moved with other assets

Compared with	Correlation	Months
Nifty 50	0.36	77
Gold (domestic, ₹)	0.12	77
10-year G-Sec (bond fund)	0.13	77
USD/INR	0.02	77
Nasdaq 100 (in ₹)	0.89	77
Hang Seng (in ₹)	0.12	77

Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.

Correlation matrix and rolling correlation →

Explore it yourself

Chart any combination, pick any period, and see rolling returns, drawdowns, events, regimes and correlations.

Compare with the Nifty 50 Falls and recoveries

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 18.1% a year over the 5 years to 1 Oct 2026, and 27.1% 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 66 one-year periods starting at month-ends, 85% were positive; the range was −10.3% to 44.9%. Over five-year periods (18), 100% were positive, with annualised returns from 16.0% to 19.4%.

Data & disclosure. Figures are calculated by Integrato from AMFI NAVs, FRED (Federal Reserve Bank of St. Louis) and World Bank data; data checked 3 Oct 2026. Index-fund and ETF NAVs stand in for index levels and differ from them by fund costs and tracking difference. Source institutions may revise data. Historical performance is not indicative of future returns, and historical relationships may not persist. This page is for information and education; it is not a recommendation to buy or sell anything. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Sources and methodology →

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