Hang Seng (in ₹) Historical Returns
The Hang Seng index tracks the largest companies listed in Hong Kong, many of them Chinese. Shown in rupees, from an ETF'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 Hang Seng (in ₹)
The Hang Seng index tracks the largest companies listed in Hong Kong, many of them Chinese. Shown in rupees, from an ETF's NAV.
What it means for investors. It shows that an overseas market can have long weak stretches: diversification across countries changes the path, it does not guarantee better results.
In rupees: includes the change in HKD/INR.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Hang Seng (in ₹) | −2.7% | 18.2% | 4.8% | n/a | n/a | n/a | −44% | 23 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 Hang Seng BeES (total return after fund costs (proxy)). Data 7 Nov 2016 to 23 Oct 2026.
Mutual funds linked to Hang Seng (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 23 Oct 2026).
| Fund group | Link | Schemes | 1Y median | 3Y CAGR median | 5Y CAGR median | Ahead of benchmark TRI, 3Y |
|---|---|---|---|---|---|---|
| International FoF: Asia & emerging markets | Main market of active funds | 9 | +13.8% | +21.7% | +7.5% | 0 of 3 |
| International FoF | Main market of active funds | 55 | +16.5% | +24.1% | +11.1% | 6 of 17 |
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 23 Oct | −3.7% |
| 2025 | 37.1% |
| 2024 | 25.7% |
| 2023 | −10.9% |
| 2022 | −3.5% |
| 2021 | −11.6% |
| 2020 | 1.6% |
| 2019 | 14.6% |
| 2018 | −3.5% |
| 2017 | 29.7% |
| 2016 part year | −1.7% |
Over 9 complete calendar years since 2017, Hang Seng (in ₹) rose in 5. Best: 2025 (+37.1%). Worst: 2021 (−11.6%).
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 |
|---|---|---|---|---|---|---|
| Jan 2026 | Jun 2026 | −15.1% | 5 | not yet | — | — |
| Mar 2025 | Apr 2025 | −20.4% | 1 | Jul 2025 | 3 | US tariff announcement |
| Feb 2021 | Oct 2022 | −44.4% | 20 | Feb 2025 | 28 | Russia–Ukraine war begins; RBI off-cycle rate hike |
| Jan 2020 | Mar 2020 | −20.2% | 2 | Jan 2021 | 10 | COVID-19 declared a pandemic |
| Apr 2019 | Aug 2019 | −12.5% | 4 | Jan 2020 | 5 | General election results 2019 |
| May 2018 | Jan 2019 | −15.5% | 7 | Apr 2019 | 3 | NBFC sell-off |
Each fall of 10% or more from a previous high, measured on daily data. The 6 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 | 107 | 3.8% | −34.9% | 52.4% | −4.3% to 21.7% | 63% |
| 3 years | 83 | 2.0% | −12.7% | 27.4% | −3.3% to 8.7% | 60% |
| 5 years | 59 | 1.1% | −6.1% | 9.2% | −2.4% to 4.9% | 54% |
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 | 0.17 | 118 |
| Gold (domestic, ₹) | 0.27 | 118 |
| 10-year G-Sec (bond fund) | −0.09 | 118 |
| USD/INR | −0.07 | 118 |
| Nasdaq 100 (in ₹) | 0.17 | 118 |
| S&P 500 (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.
Questions
- What has Hang Seng (in ₹) returned over the long run?
- Calculated from Nippon India ETF Hang Seng BeES, Hang Seng (in ₹) returned 4.8% a year over the 5 years to 23 Oct 2026, and 18.2% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Hang Seng (in ₹)?
- In the data available from Nov 2016, the largest fall from a previous peak was −44.4%, from Feb 2021 to Oct 2022, and it regained the peak in Feb 2025 (28 months after the bottom). There were 6 falls of 10% or more, 3 of them 20% or more.
- How often has Hang Seng (in ₹) been positive over one year?
- Across 107 one-year periods starting at month-ends, 63% were positive; the range was −34.9% to 52.4%. Over five-year periods (59), 54% were positive, with annualised returns from −6.1% to 9.2%.
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