Nifty Auto

Returns

Total return counts dividends reinvested; price return does not. Since 2004, dividends added about 1.5 percentage points a year. Returns over more than a year are a year, compounded.

To 14 Oct 2026. Before any fund cost or tax.

Year by year

17 of the 21 full calendar years since 2005 ended higher. 19 of them had a fall of 10% or more from a peak somewhere inside the year, so even good years are rarely smooth.

The worst fall is the largest drop from a peak within the year, with the previous year-end as the first peak (the convention of J.P. Morgan's Guide to the Markets). Total return, %.

The falls

Every fall of 10% or more from a high, deepest first. The worst, 61%, took 2.3 years to reach bottom and 18 months more to climb back. Today it is 15.1% below its high.

Total return, closing prices. A fall ends when the index closes at or above the high it fell from. Calendar time.

What holding it was like

From every day in its history, what holding Nifty Auto for a fixed span would have returned a year. Over five years the middle outcome was 19.6% a year; the worst −10.8% and the best 43.8%; 4% of five-year spans lost money.

Total return a year, %, over every span of that length starting on any session. Spans overlap, so 'separate spans' is how many non-overlapping ones the history holds: the longer the span, the fewer truly independent readings behind each figure.

₹10,000 on the first session of every month into the index itself, from January of each year to 14 Oct 2026. Before any fund cost or tax; an index fund would have returned a little less. Of SIPs that ran five years or more, the weakest started in 2014 (+13.9% a year).

How bumpy

Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 21.1%, against a usual 20.5% for this index. 64% of months ended higher, and 259 days moved 3% or more either way.

Valuation

NSE's own price-to-earnings, price-to-book and dividend yield, at each month-end since Jul 2011. Today's P/E of 29.2 is in the middle of its range since NSE moved to consolidated earnings in March 2021. Price to book, 3.93, is near the bottom of its range over the full history.

Today is 14 Oct 2026; the history is month-ends. A percentile is the share of month-ends at or below today's reading: 90 means dearer than nine months in ten (for dividend yield, the reverse).

What it holds

15 stocks as NSE lists them today. The ten largest make up 87.0% of the index. It is weighted by periodic capped free-float and rebalanced twice a year.

NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.

NSE's constituent list for Nifty Auto, as seen on 14 Oct 2026. NSE changes members at each rebalance.

Against the Nifty 500

How Nifty Auto has done against the broad market it is part of. Over 23 years it beat the Nifty 500 by 2.9 percentage points a year, and was ahead in 14 of 21 calendar years.

Monthly total returns. Up capture: how much of the Nifty 500's gain in its rising months this index caught (100 is all of it); down capture: the same for falling months. Beta above 1 means bigger swings than the Nifty 500.

Models and ETFs

4 of the Tipsheet models hold Nifty Auto today. 2 ETFs track it. Its trend and momentum have a page of their own.

Model holdings on 14 Oct 2026. Rule-based models, not advice; each page has the rule and its record after costs and tax.

From the ETF desk. Tracking difference: what a holder buying and selling on the exchange got, minus the index's total return, over the past year. Tracking error: how much that gap wobbled week to week.

Nifty Auto: trend and momentum →

Data and sources