Nifty Media Historical Returns
The Nifty Media index tracks broadcasting, entertainment and publishing companies.
Price history
Month-end values. Hover a year-end point for its value.
About Nifty Media
The Nifty Media index tracks broadcasting, entertainment and publishing companies.
What it means for investors. A small, volatile sector shaped by advertising spending and changes in how people consume media.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty Media | 1.1% | −10.6% | −7.3% | −6.2% | n/a | n/a | −73% | 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.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 23 Oct | 8.2% |
| 2025 | −20.5% |
| 2024 | −23.9% |
| 2023 | 19.9% |
| 2022 | −10.2% |
| 2021 | 34.6% |
| 2020 | −8.6% |
| 2019 | −29.7% |
| 2018 | −25.9% |
| 2017 | 32.7% |
| 2016 | −0.8% |
| 2015 part year | 27.3% |
Over 10 complete calendar years since 2016, Nifty Media rose in 3. Best: 2021 (+34.6%). Worst: 2019 (−29.7%).
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 |
|---|---|---|---|---|---|---|
| Jan 2018 | Apr 2020 | −72.9% | 27 | not yet | — | Union Budget 2018; NBFC sell-off; General election results 2019; Corporate tax cut; and 3 more |
| May 2017 | Aug 2017 | −12.4% | 3 | Nov 2017 | 4 | GST introduced |
| Oct 2016 | Dec 2016 | −20.3% | 3 | Mar 2017 | 3 | Demonetisation |
| Dec 2015 | Feb 2016 | −17.7% | 2 | Jun 2016 | 4 | — |
| Oct 2015 | Nov 2015 | −10.9% | 1 | Dec 2015 | 2 | — |
| Aug 2015 | Aug 2015 | −14.2% | 1 | Oct 2015 | 2 | Yuan devaluation |
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 | 124 | −3.5% | −58.3% | 58.3% | −20.5% to 13.5% | 45% |
| 3 years | 100 | −5.0% | −31.1% | 17.8% | −11.8% to 2.8% | 36% |
| 5 years | 76 | −4.5% | −12.6% | 7.8% | −8.0% to −1.4% | 17% |
| 10 years | 16 | −5.2% | −6.2% | −2.4% | −5.7% to −4.2% | 0% |
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 | 0.59 | 135 |
| Gold (domestic, ₹) | −0.16 | 135 |
| 10-year G-Sec (bond fund) | −0.03 | 135 |
| USD/INR | −0.34 | 135 |
| Nifty Bank | 0.54 | 135 |
| Nifty PSU Bank | 0.48 | 135 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty Media and the Nifty 50, year by year
| Year | Nifty Media | Nifty 50 |
|---|---|---|
| 2026 to 23 Oct | 8.2% | −12.9% |
| 2025 | −20.5% | 11.6% |
| 2024 | −23.9% | 9.6% |
| 2023 | 19.9% | 20.9% |
| 2022 | −10.2% | 5.3% |
| 2021 | 34.6% | 25.2% |
| 2020 | −8.6% | 15.5% |
| 2019 | −29.7% | 13.2% |
| 2018 | −25.9% | 4.3% |
| 2017 | 32.7% | 29.7% |
| 2016 | −0.8% | 4.0% |
| 2015 part year | 27.3% | −3.3% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty Media returned over the long run?
- Calculated from NSE Indices daily index closing values (NSE archives, ind_close_all file), Nifty Media returned −6.2% a year over the 10 years to 23 Oct 2026, and −10.6% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Nifty Media?
- In the data available from Jun 2015, the largest fall from a previous peak was −72.9%, from Jan 2018 to Apr 2020; it had not regained that peak by 23 Oct 2026. There were 6 falls of 10% or more, 2 of them 20% or more.
- How often has Nifty Media been positive over one year?
- Across 124 one-year periods starting at month-ends, 45% were positive; the range was −58.3% to 58.3%. Over five-year periods (76), 17% were positive, with annualised returns from −12.6% to 7.8%.
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