Nifty Energy Historical Returns
The Nifty Energy index tracks oil, gas, power and other energy companies.
Price history
Month-end values, on a log scale (equal distances are equal percentage changes). Hover a year-end point for its value.
About Nifty Energy
The Nifty Energy index tracks oil, gas, power and other energy companies.
What it means for investors. Energy companies are affected by fuel prices, government pricing policy and power demand.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty Energy | −3.1% | 9.3% | 7.3% | 13.1% | n/a | n/a | −41% | 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 11 Jun 2015 to 23 Oct 2026. Latest level: NSE daily index closing values. Returns use the fund NAV history, which includes dividends.
Mutual funds linked to Nifty Energy
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 |
|---|---|---|---|---|---|---|
| Equity ETF: Sector: Energy, power & commodities (ETFs) | Track this market | 7 | −3.4% | +12.9% | n/a | – |
| Index Fund: Sector: Energy, power & commodities | Track this market | 2 | −4.2% | n/a | n/a | – |
| Sectoral/Thematic: Energy, power & commodities | Main market of active funds | 9 | −3.3% | +12.6% | +10.0% | 0 of 3 |
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 | −2.3% |
| 2025 | 0.4% |
| 2024 | 5.1% |
| 2023 | 29.4% |
| 2022 | 14.3% |
| 2021 | 33.7% |
| 2020 | 6.4% |
| 2019 | 11.0% |
| 2018 | 0.6% |
| 2017 | 38.7% |
| 2016 | 19.7% |
| 2015 part year | 3.3% |
Over 10 complete calendar years since 2016, Nifty Energy rose in 10. Best: 2017 (+38.7%). Worst: 2025 (+0.4%).
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 |
|---|---|---|---|---|---|---|
| Aug 2024 | Mar 2025 | −33.3% | 7 | not yet | — | — |
| Jun 2024 | Jun 2024 | −12.5% | <1 | Jul 2024 | 1 | General election results 2024 |
| Apr 2022 | Feb 2023 | −25.4% | 10 | Nov 2023 | 9 | RBI off-cycle rate hike |
| Oct 2021 | Dec 2021 | −12.2% | 2 | Jan 2022 | 1 | — |
| Mar 2021 | Apr 2021 | −12.2% | 1 | May 2021 | 2 | — |
| Jun 2019 | Mar 2020 | −41.2% | 10 | Dec 2020 | 8 | Corporate tax cut; COVID-19 declared a pandemic |
| Aug 2018 | Oct 2018 | −18.2% | 1 | Mar 2019 | 5 | NBFC sell-off |
| Jan 2018 | Jun 2018 | −10.9% | 5 | Jul 2018 | 1 | Union Budget 2018 |
| Jul 2015 | Sep 2015 | −19.4% | 2 | Jul 2016 | 10 | Yuan devaluation |
Each fall of 10% or more from a previous high, measured on daily data. The 9 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 | 124 | 14.9% | −32.5% | 79.1% | 0.3% to 36.3% | 76% |
| 3 years | 100 | 16.9% | −1.5% | 32.5% | 10.9% to 20.8% | 99% |
| 5 years | 76 | 16.6% | 9.2% | 24.9% | 14.2% to 18.5% | 100% |
| 10 years | 16 | 15.5% | 14.1% | 17.2% | 15.2% to 16.4% | 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 | 0.78 | 135 |
| Gold (domestic, ₹) | −0.14 | 135 |
| 10-year G-Sec (bond fund) | 0.02 | 135 |
| USD/INR | −0.39 | 135 |
| Nifty Bank | 0.66 | 135 |
| Nifty PSU Bank | 0.65 | 135 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty Energy and the Nifty 50, year by year
| Year | Nifty Energy | Nifty 50 |
|---|---|---|
| 2026 to 23 Oct | −2.3% | −12.9% |
| 2025 | 0.4% | 11.6% |
| 2024 | 5.1% | 9.6% |
| 2023 | 29.4% | 20.9% |
| 2022 | 14.3% | 5.3% |
| 2021 | 33.7% | 25.2% |
| 2020 | 6.4% | 15.5% |
| 2019 | 11.0% | 13.2% |
| 2018 | 0.6% | 4.3% |
| 2017 | 38.7% | 29.7% |
| 2016 | 19.7% | 4.0% |
| 2015 part year | 3.3% | −3.3% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty Energy returned over the long run?
- Calculated from NSE Indices daily index closing values (NSE archives, ind_close_all file), Nifty Energy returned 13.1% a year over the 10 years to 23 Oct 2026, and 9.3% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Nifty Energy?
- In the data available from Jun 2015, the largest fall from a previous peak was −41.2%, from Jun 2019 to Mar 2020, and it regained the peak in Dec 2020 (8 months after the bottom). There were 9 falls of 10% or more, 3 of them 20% or more.
- How often has Nifty Energy been positive over one year?
- Across 124 one-year periods starting at month-ends, 76% were positive; the range was −32.5% to 79.1%. Over five-year periods (76), 100% were positive, with annualised returns from 9.2% to 24.9%.
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