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Nifty Sector Returns
Sector indices, from the NAVs of sector ETFs and index funds (AMFI), compared with the Nifty 50. Many sector funds started recently, so histories differ in length; each figure uses only the dates the series covers.
Sector returns and risk
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| Sector | Data from | 1Y | 3Y a year | 5Y a year | Volatility | Max fall |
|---|---|---|---|---|---|---|
| Nifty 50 | Apr 2006 | −12.0% | 6.3% | 5.4% | 20.4% | −60% |
| Nifty Bank | Dec 2014 | −6.1% | 8.6% | 6.7% | 22.5% | −49% |
| Nifty PSU Bank | Nov 2007 | 2.7% | 19.4% | 23.9% | 37.1% | −81% |
| Nifty IT | Jun 2020 | −9.6% | 3.2% | −0.2% | 24.7% | −42% |
| Nifty Pharma | Jul 2021 | 13.1% | 19.8% | 13.2% | 15.5% | −21% |
| Nifty FMCG | Aug 2021 | −24.3% | −4.7% | 3.4% | 15.9% | −34% |
| Nifty Auto | Jan 2022 | −7.9% | 16.0% | n/a | 19.3% | −28% |
| Nifty Infrastructure | Nov 2016 | −8.9% | 11.8% | 10.7% | 18.5% | −43% |
| Nifty India Consumption | Apr 2014 | −14.2% | 9.0% | 9.3% | 15.5% | −31% |
| Nifty CPSE | Nov 2016 | −9.2% | 17.7% | 22.7% | 22.6% | −54% |
| Nifty Financial Services | Jun 2015 | −11.4% | 7.9% | 4.8% | 21.1% | −44% |
| Nifty Private Bank | Jan 2016 | −6.7% | 5.8% | 4.9% | 23.2% | −50% |
| Nifty Metal | Jun 2015 | 12.1% | 20.9% | 15.1% | 28.9% | −64% |
| Nifty Realty | Jun 2015 | −16.5% | 10.3% | 9.0% | 32.4% | −56% |
| Nifty Energy | Jun 2015 | −3.1% | 9.3% | 7.3% | 22.3% | −41% |
| Nifty Media | Jun 2015 | 1.1% | −10.6% | −7.3% | 28.5% | −73% |
| Nifty Oil & Gas | Jul 2016 | −10.5% | 10.9% | 5.5% | 31.9% | −38% |
| Nifty Healthcare | Jul 2016 | 2.7% | 17.8% | 12.3% | 16.6% | −21% |
| Nifty Consumer Durables | Jul 2016 | −13.1% | 6.3% | 3.7% | 44.1% | −35% |
| Nifty PSE | Jun 2015 | −10.4% | 15.0% | 16.2% | 22.2% | −55% |
| Nifty Capital Markets | Apr 2023 | 6.2% | n/a | n/a | 132.8% | −31% |
| Nifty India Defence | Jan 2022 | 4.9% | 39.3% | n/a | 31.6% | −38% |
Sector ETF and index-fund NAVs (AMFI), after fund costs, to 23 Oct 2026. Volatility: annualised standard deviation of monthly returns. Max fall: largest fall from a previous high in the series' own history, so series with longer histories include more crises.
Calendar years
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| Sector | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Nifty 50 | −12.9% | 11.6% | 9.6% | 20.9% | 5.3% | 25.2% |
| Nifty Bank | −8.4% | 17.9% | 6.0% | 13.0% | 21.8% | 13.6% |
| Nifty PSU Bank | −5.1% | 30.6% | 14.7% | 32.5% | 73.5% | 43.4% |
| Nifty IT | −14.3% | −10.6% | 24.1% | 26.0% | −24.7% | 61.9% |
| Nifty Pharma | 11.9% | −2.5% | 39.6% | 34.4% | −10.9% | — |
| Nifty FMCG | −22.6% | −0.6% | 1.3% | 30.5% | 19.8% | — |
| Nifty Auto | −11.0% | 24.3% | 23.4% | 48.4% | — | — |
| Nifty Infrastructure | −10.8% | 13.4% | 15.5% | 38.4% | 6.3% | 35.8% |
| Nifty India Consumption | −12.3% | 8.9% | 19.3% | 27.4% | 8.2% | 20.2% |
| Nifty CPSE | −6.2% | 7.2% | 28.0% | 75.6% | 28.0% | 46.0% |
| Nifty Financial Services | −11.6% | 17.4% | 9.4% | 13.2% | 9.5% | 14.0% |
| Nifty Private Bank | −7.2% | 15.9% | −0.4% | 13.8% | 21.2% | 4.6% |
| Nifty Metal | 2.8% | 29.1% | 8.4% | 18.7% | 21.8% | 69.7% |
| Nifty Realty | −10.7% | −16.6% | 34.4% | 81.3% | −10.8% | 54.3% |
| Nifty Energy | −2.3% | 0.4% | 5.1% | 29.4% | 14.3% | 33.7% |
| Nifty Media | 8.2% | −20.5% | −23.9% | 19.9% | −10.2% | 34.6% |
| Nifty Oil & Gas | −15.1% | 13.8% | 13.1% | 12.5% | 14.8% | 33.0% |
| Nifty Healthcare | 5.1% | −2.1% | 40.6% | 32.9% | −10.8% | 18.3% |
| Nifty Consumer Durables | −7.7% | −12.1% | 34.3% | 23.1% | −13.2% | 46.1% |
| Nifty PSE | −9.8% | 3.4% | 21.4% | 79.9% | 13.9% | 37.1% |
| Nifty Capital Markets | 5.9% | 15.6% | 240.2% | — | — | — |
| Nifty India Defence | 10.5% | 19.3% | 55.5% | 89.2% | — | — |
The latest year is to date. “—”: the series did not cover the whole year.
Which sectors move most with the market
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| Sector | Correlation with Nifty 50 | Months |
|---|---|---|
| Nifty Financial Services | 0.92 | 135 |
| Nifty Private Bank | 0.88 | 128 |
| Nifty Bank | 0.88 | 141 |
| Nifty Infrastructure | 0.88 | 118 |
| Nifty India Consumption | 0.85 | 149 |
| Nifty Oil & Gas | 0.85 | 80 |
| Nifty Consumer Durables | 0.79 | 80 |
| Nifty Energy | 0.78 | 135 |
| Nifty FMCG | 0.77 | 61 |
| Nifty Realty | 0.75 | 135 |
| Nifty Auto | 0.75 | 56 |
| Nifty PSE | 0.73 | 135 |
| Nifty PSU Bank | 0.73 | 226 |
| Nifty Metal | 0.69 | 135 |
| Nifty India Defence | 0.67 | 56 |
| Nifty Capital Markets | 0.64 | 24 |
| Nifty CPSE | 0.61 | 118 |
| Nifty Healthcare | 0.59 | 70 |
| Nifty Media | 0.59 | 135 |
| Nifty Pharma | 0.56 | 62 |
| Nifty IT | 0.55 | 75 |
Correlation of monthly returns over the months both series cover.
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Questions
- Which sector has done best in the last year?
- Of the sector series here, Nifty Pharma returned the most over the year to 23 Oct 2026: +13.1% (ETF or index-fund NAV, AMFI). Sector leadership changes from year to year, as the calendar table shows.
- Why are some sector histories short?
- The figures come from the NAVs of funds that track each sector index, and many of those funds launched after 2019. Rather than splice in other data, each series starts on its first real NAV.
Data & disclosure. Figures are calculated by Integrato from AMFI NAVs, FRED (Federal Reserve Bank of St. Louis) and World Bank data; data checked 24 Oct 2026. Index-fund and ETF NAVs stand in for index levels and differ from them by fund costs and tracking difference. Source institutions may revise data. Historical performance is not indicative of future returns, and historical relationships may not persist. This page is for information and education; it is not a recommendation to buy or sell anything. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Sources and methodology →
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