Nifty Capital Markets Historical Returns
The Nifty Capital Markets index tracks exchanges, brokers, asset managers, registrars and depositories.
Price history
Month-end values. Hover a year-end point for its value.
About Nifty Capital Markets
The Nifty Capital Markets index tracks exchanges, brokers, asset managers, registrars and depositories.
What it means for investors. These businesses earn more when market activity is high, so the index tends to amplify the market cycle.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty Capital Markets | 6.2% | n/a | n/a | n/a | n/a | n/a | −31% | 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.
NSE Indices daily index closing values (NSE archives, ind_close_all file). Data 12 Apr 2023 to 23 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 23 Oct | 5.9% |
| 2025 | 15.6% |
| 2024 | 240.2% |
| 2023 part year | 0.0% |
Over 2 complete calendar years since 2024, Nifty Capital Markets rose in 2. Best: 2024 (+240.2%). Worst: 2025 (+15.6%).
Year-end to year-end, from NSE Indices daily index closing values (NSE archives, ind_close_all file).
Falls from peak and recovery
| Peak | Bottom | Fall | Months down | Back to peak | Months to recover | Events in the fall |
|---|---|---|---|---|---|---|
| May 2026 | Oct 2026 | −13.1% | 5 | not yet | — | — |
| Feb 2026 | Mar 2026 | −14.1% | 2 | Apr 2026 | <1 | — |
| Jul 2025 | Aug 2025 | −13.9% | 2 | Nov 2025 | 3 | — |
| Dec 2024 | Mar 2025 | −30.6% | 3 | May 2025 | 3 | — |
Each fall of 10% or more from a previous high, measured on daily data. The 4 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 | 13 | 24.5% | 15.2% | 48.9% | 21.9% to 34.0% | 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 | 0.64 | 24 |
| Gold (domestic, ₹) | 0.08 | 24 |
| 10-year G-Sec (bond fund) | 0.34 | 24 |
| USD/INR | −0.35 | 24 |
| Nifty Bank | 0.65 | 24 |
| Nifty PSU Bank | 0.62 | 24 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty Capital Markets and the Nifty 50, year by year
| Year | Nifty Capital Markets | Nifty 50 |
|---|---|---|
| 2026 to 23 Oct | 5.9% | −12.9% |
| 2025 | 15.6% | 11.6% |
| 2024 | 240.2% | 9.6% |
| 2023 part year | 0.0% | 20.9% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty Capital Markets returned over the long run?
- Calculated from NSE Indices daily index closing values (NSE archives, ind_close_all file), Nifty Capital Markets returned 6.2% over the year to 23 Oct 2026. Past returns do not indicate future returns.
- What was the biggest fall in Nifty Capital Markets?
- In the data available from Apr 2023, the largest fall from a previous peak was −30.6%, from Dec 2024 to Mar 2025, and it regained the peak in May 2025 (3 months after the bottom). There were 4 falls of 10% or more, 1 of them 20% or more.
- How often has Nifty Capital Markets been positive over one year?
- Across 13 one-year periods starting at month-ends, 100% were positive; the range was 15.2% to 48.9%.
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