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 | −9.6% | 3.2% | −0.2% | n/a | n/a | n/a | −42% | 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 Nifty IT (total return after fund costs (proxy)). Data 30 Jun 2020 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 IT
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: Technology & digital (ETFs) | Track this market | 12 | −9.4% | +3.3% | −0.2% | – |
| Index Fund: Sector: Technology & digital | Track this market | 12 | −10.1% | +2.5% | n/a | – |
| Sectoral/Thematic: Technology & digital | Main market of active funds | 14 | −8.5% | +6.9% | +2.8% | 6 of 7 |
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 | −14.3% |
| 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 23 Oct | −14.3% | −12.9% |
| 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 −0.2% a year over the 5 years to 23 Oct 2026, and 3.2% 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 23 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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