Markets
Nifty India FPI 150
Nifty India FPI 150 is an NSE broad market index of 150 stocks. Since 2022 it has compounded 11.1% a year with dividends reinvested; over the past year it fell 4.7%. Its deepest fall was 18%, from Sept 2024 to Feb 2025, and it took 15 months from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty India FPI 150. Data to 14 Oct 2026.
- Trend
- Downtrend since Sep 2026
- Momentum
- 89th of 133 markets, by rank
- Below its high
- 9.7% total return
- 1 year
- −4.7% total return
- 5 years
- – a year
- 10 years
- – a year
- Since 2022
- 11.1% a year
- Volatility
- 14.0% past year; usual 14%
NSE launched Nifty India FPI 150 in Aug 2025. Figures before that use NSE's back-calculated history: today's rules applied to the past, chosen with that past in view. Charts mark the launch.
Returns
Total return counts dividends reinvested; price return does not. Since 2022, dividends added about 1.5 percentage points a year. Returns over more than a year are a year, compounded.
Nifty India FPI 150: growth of 100
Weekly, from Oct 2022, log scale: equal slopes are equal rates of growth. Drag the range below the chart to start anywhere; both lines restart at 100.
How to read it. The gap between the two lines is what dividends were worth. It widens slowly and never closes.
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To 14 Oct 2026. Before any fund cost or tax.
| Period | Total return | Price return | Dividends added | More |
|---|---|---|---|---|
| 1 month | −3.8% | 0.0% | −3.8 pts | |
| 3 months | −5.4% | 0.0% | −5.4 pts | |
| 6 months | −1.7% | +3.2% | −4.9 pts | |
| This year | −8.7% | −4.3% | −4.4 pts | |
| 1 year | −4.7% | −0.2% | −4.4 pts | |
| 3 years, a year | +9.3% | +10.2% | −0.9 pts | |
| Since Oct 2022, a year | +11.1% | +12.6% | −1.5 pts |
Year by year
3 of the 3 full calendar years since 2023 ended higher. 2 of them had a fall of 10% or more from a peak somewhere inside the year, so even good years are rarely smooth.
Nifty India FPI 150: each calendar year
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, %.
| Year | Total return | Price return | Dividends | Worst fall in the year | More |
|---|---|---|---|---|---|
| 2026 so far | −8.7% | −4.3% | −4.4 pts | −14.4% | |
| 2025 | +9.9% | +8.7% | +1.2 pts | −11.4% | |
| 2024 | +15.5% | +14.5% | +1.0 pts | −11.6% | |
| 2023 | +24.8% | +23.6% | +1.2 pts | −9.8% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 18%, took 5 months to reach bottom and 10 months more to climb back. Today it is 9.7% below its high.
Nifty India FPI 150: how far below its previous high
Weekly, the week's lowest close against the highest close before it, total return, %.
How to read it. Zero is a new high. The depth of each dip is what a holder sat through; its width is how long getting back took.
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Total return, closing prices. A fall ends when the index closes at or above the high it fell from. Calendar time.
| Fall | From the high of | To the low of | Falling for | Recovering for | Back at the high | High to high |
|---|---|---|---|---|---|---|
| −18.3% | 27 Sept 2024 | 28 Feb 2025 | 5 months | 10 months | 2 Jan 2026 | 15 months |
| −14.3% | 2 Jan 2026 | 30 Mar 2026 | 3 months | +5% off the low | not yet | 7 months since the low |
| −12.9% | 1 Dec 2022 | 28 Mar 2023 | 4 months | 3 months | 30 Jun 2023 | 7 months |
What holding it was like
From every day in its history, what holding Nifty India FPI 150 for a fixed span would have returned a year.
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.
| Held for | Worst | 1 in 10 worse than | Middle | 1 in 10 better than | Best | Spans that lost | Separate spans |
|---|---|---|---|---|---|---|---|
| 1 year | −6.8% | −1.1% | +9.2% | +40.4% | +45.1% | 14% | 4.0 |
| 3 years | +8.8% | +11.4% | +15.3% | +17.0% | +18.1% | 0% | 1.3 |
Rolling returns, a year
Weekly: the return a year over the 3 and 5 years to each date, total return, %.
How to read it. Each point is what someone who bought 3 or 5 years earlier had earned a year by then. The lows mark the worst times to have bought.
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₹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.
| Started in January | Months | Put in | Worth now | Multiple | Return a year (XIRR) | More |
|---|---|---|---|---|---|---|
| 2025 | 22 | ₹2,20,000 | ₹2,14,695 | 0.98× | −2.7% | |
| 2024 | 34 | ₹3,40,000 | ₹3,37,726 | 0.99× | −0.5% | |
| 2023 | 46 | ₹4,60,000 | ₹5,07,100 | 1.10× | +5.2% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 14.0%, against a usual 13.8% for this index. 62% of months ended higher, and 7 days moved 3% or more either way.
Nifty India FPI 150: volatility over the past year
Weekly: standard deviation of daily total returns over the past 252 sessions, annualised, %.
How to read it. Spikes come with sell-offs; calm stretches come with rising markets. High readings rarely last.
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| Worst days | Return |
|---|---|
| 4 Jun 2024 | −6.6% |
| 7 Apr 2025 | −3.2% |
| 19 Mar 2026 | −3.1% |
| 5 Aug 2024 | −3.0% |
| 23 Mar 2026 | −2.9% |
| Best days | Return |
|---|---|
| 12 May 2025 | +4.0% |
| 5 Jun 2024 | +3.7% |
| 8 Apr 2026 | +3.7% |
| 3 Jun 2024 | +3.4% |
| 3 Feb 2026 | +2.6% |
| Worst months | Return |
|---|---|
| Mar 2026 | −10.5% |
| Feb 2025 | −7.5% |
| Oct 2024 | −7.3% |
| Sept 2026 | −6.3% |
| Dec 2022 | −3.8% |
| Best months | Return |
|---|---|
| Apr 2026 | +9.4% |
| Dec 2023 | +8.5% |
| Nov 2023 | +7.5% |
| Mar 2025 | +7.0% |
| Jun 2024 | +6.9% |
What it holds
150 stocks as NSE lists them today. The ten largest make up 32.4% of the index. It is weighted by foreign investible free-float and rebalanced quarterly.
Sector weights
NSE's factsheet, 30 Sept 2026. % of the index.
How to read it. Sectors as NSE classifies them. A sector index of one industry has no split to show.
Sector weights. Bar chart of 17 items. Weight, %: highest Financial Services at 24.7%, lowest Realty at 1.3%.
NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.
| Largest holdings | Weight | |
|---|---|---|
| 1 | Reliance Industries Ltd. | 6.37% |
| 2 | HDFC Bank Ltd. | 4.88% |
| 3 | Bharti Airtel Ltd. | 4.29% |
| 4 | ICICI Bank Ltd. | 4.24% |
| 5 | Infosys Ltd. | 2.82% |
| 6 | Mahindra & Mahindra Ltd. | 2.12% |
| 7 | Bajaj Finance Ltd. | 2.10% |
| 8 | Larsen & Toubro Ltd. | 2.04% |
| 9 | Kotak Mahindra Bank Ltd. | 1.84% |
| 10 | Axis Bank Ltd. | 1.70% |
NSE's constituent list for Nifty India FPI 150, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| APL Apollo Tubes Ltd. | Capital Goods | APLAPOLLO | |
| AU Small Finance Bank Ltd. | Financial Services | AUBANK | |
| Adani Energy Solutions Ltd. | Power | ADANIENSOL | |
| Adani Enterprises Ltd. | Metals & Mining | ADANIENT | |
| Adani Green Energy Ltd. | Power | ADANIGREEN | |
| Adani Ports and Special Economic Zone Ltd. | Services | ADANIPORTS | |
| Adani Power Ltd. | Power | ADANIPOWER | |
| Aditya Birla Capital Ltd. | Financial Services | ABCAPITAL | |
| Alkem Laboratories Ltd. | Healthcare | ALKEM | |
| Apollo Hospitals Enterprise Ltd. | Healthcare | APOLLOHOSP | |
| Ashok Leyland Ltd. | Capital Goods | ASHOKLEY | |
| Asian Paints Ltd. | Consumer Durables | ASIANPAINT | |
| Aurobindo Pharma Ltd. | Healthcare | AUROPHARMA | |
| Avenue Supermarts Ltd. | Consumer Services | DMART | |
| Axis Bank Ltd. | Financial Services | AXISBANK | |
| BSE Ltd. | Financial Services | BSE | |
| Bajaj Auto Ltd. | Automobile and Auto Components | BAJAJ-AUTO | |
| Bajaj Finance Ltd. | Financial Services | BAJFINANCE | |
| Bajaj Finserv Ltd. | Financial Services | BAJAJFINSV | |
| Bharat Electronics Ltd. | Capital Goods | BEL | |
| Bharat Forge Ltd. | Automobile and Auto Components | BHARATFORG | |
| Bharat Heavy Electricals Ltd. | Capital Goods | BHEL | |
| Bharat Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | BPCL | |
| Bharti Airtel Ltd. | Telecommunication | BHARTIARTL | |
| Biocon Ltd. | Healthcare | BIOCON | |
| Blue Star Ltd. | Consumer Durables | BLUESTARCO | |
| Britannia Industries Ltd. | Fast Moving Consumer Goods | BRITANNIA | |
| CG Power and Industrial Solutions Ltd. | Capital Goods | CGPOWER | |
| Cholamandalam Investment and Finance Company Ltd. | Financial Services | CHOLAFIN | |
| Cipla Ltd. | Healthcare | CIPLA | |
| Coal India Ltd. | Oil Gas & Consumable Fuels | COALINDIA | |
| Coforge Ltd. | Information Technology | COFORGE | |
| Cummins India Ltd. | Capital Goods | CUMMINSIND | |
| DLF Ltd. | Realty | DLF | |
| Dabur India Ltd. | Fast Moving Consumer Goods | DABUR | |
| Delhivery Ltd. | Services | DELHIVERY | |
| Divi's Laboratories Ltd. | Healthcare | DIVISLAB | |
| Dixon Technologies (India) Ltd. | Consumer Durables | DIXON | |
| Dr. Reddy's Laboratories Ltd. | Healthcare | DRREDDY | |
| Eicher Motors Ltd. | Automobile and Auto Components | EICHERMOT | |
| Eternal Ltd. | Consumer Services | ETERNAL | |
| FSN E-Commerce Ventures Ltd. | Consumer Services | NYKAA | |
| Federal Bank Ltd. | Financial Services | FEDERALBNK | |
| Fortis Healthcare Ltd. | Healthcare | FORTIS | |
| GAIL (India) Ltd. | Oil Gas & Consumable Fuels | GAIL | |
| GE Vernova T&D India Ltd. | Capital Goods | GVT&D | |
| GMR Airports Ltd. | Services | GMRAIRPORT | |
| Glenmark Pharmaceuticals Ltd. | Healthcare | GLENMARK | |
| Godrej Consumer Products Ltd. | Fast Moving Consumer Goods | GODREJCP | |
| Godrej Properties Ltd. | Realty | GODREJPROP | |
| Grasim Industries Ltd. | Construction Materials | GRASIM | |
| HCL Technologies Ltd. | Information Technology | HCLTECH | |
| HDFC Asset Management Company Ltd. | Financial Services | HDFCAMC | |
| HDFC Bank Ltd. | Financial Services | HDFCBANK | |
| HDFC Life Insurance Company Ltd. | Financial Services | HDFCLIFE | |
| Havells India Ltd. | Consumer Durables | HAVELLS | |
| Hero MotoCorp Ltd. | Automobile and Auto Components | HEROMOTOCO | |
| Hindalco Industries Ltd. | Metals & Mining | HINDALCO | |
| Hindustan Aeronautics Ltd. | Capital Goods | HAL | |
| Hindustan Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | HINDPETRO | |
| Hindustan Unilever Ltd. | Fast Moving Consumer Goods | HINDUNILVR | |
| Hindustan Zinc Ltd. | Metals & Mining | HINDZINC | |
| Hitachi Energy India Ltd. | Capital Goods | POWERINDIA | |
| ICICI Bank Ltd. | Financial Services | ICICIBANK | |
| ICICI Lombard General Insurance Company Ltd. | Financial Services | ICICIGI | |
| ITC Ltd. | Fast Moving Consumer Goods | ITC | |
| Indian Hotels Co. Ltd. | Consumer Services | INDHOTEL | |
| Indian Oil Corporation Ltd. | Oil Gas & Consumable Fuels | IOC | |
| Indian Railway Finance Corporation Ltd. | Financial Services | IRFC | |
| Indus Towers Ltd. | Telecommunication | INDUSTOWER | |
| IndusInd Bank Ltd. | Financial Services | INDUSINDBK | |
| Info Edge (India) Ltd. | Consumer Services | NAUKRI | |
| Infosys Ltd. | Information Technology | INFY | |
| InterGlobe Aviation Ltd. | Services | INDIGO | |
| JSW Energy Ltd. | Power | JSWENERGY | |
| JSW Steel Ltd. | Metals & Mining | JSWSTEEL | |
| Jindal Steel Ltd. | Metals & Mining | JINDALSTEL | |
| Jio Financial Services Ltd. | Financial Services | JIOFIN | |
| KEI Industries Ltd. | Capital Goods | KEI | |
| Kotak Mahindra Bank Ltd. | Financial Services | KOTAKBANK | |
| LTM Ltd. | Information Technology | LTM | |
| Larsen & Toubro Ltd. | Construction | LT | |
| Laurus Labs Ltd. | Healthcare | LAURUSLABS | |
| Lenskart Solutions Ltd. | Consumer Services | LENSKART | |
| Lodha Developers Ltd. | Realty | LODHA | |
| Lupin Ltd. | Healthcare | LUPIN | |
| Mahindra & Mahindra Ltd. | Automobile and Auto Components | M&M | |
| Mankind Pharma Ltd. | Healthcare | MANKIND | |
| Marico Ltd. | Fast Moving Consumer Goods | MARICO | |
| Maruti Suzuki India Ltd. | Automobile and Auto Components | MARUTI | |
| Max Financial Services Ltd. | Financial Services | MFSL | |
| Max Healthcare Institute Ltd. | Healthcare | MAXHEALTH | |
| MphasiS Ltd. | Information Technology | MPHASIS | |
| Muthoot Finance Ltd. | Financial Services | MUTHOOTFIN | |
| NHPC Ltd. | Power | NHPC | |
| NMDC Ltd. | Metals & Mining | NMDC | |
| NTPC Ltd. | Power | NTPC | |
| National Aluminium Co. Ltd. | Metals & Mining | NATIONALUM | |
| Nestle India Ltd. | Fast Moving Consumer Goods | NESTLEIND | |
| Oil & Natural Gas Corporation Ltd. | Oil Gas & Consumable Fuels | ONGC | |
| Oil India Ltd. | Oil Gas & Consumable Fuels | OIL | |
| One 97 Communications Ltd. | Financial Services | PAYTM | |
| PB Fintech Ltd. | Financial Services | POLICYBZR | |
| PI Industries Ltd. | Chemicals | PIIND | |
| Persistent Systems Ltd. | Information Technology | PERSISTENT | |
| Phoenix Mills Ltd. | Realty | PHOENIXLTD | |
| Pidilite Industries Ltd. | Chemicals | PIDILITIND | |
| Polycab India Ltd. | Capital Goods | POLYCAB | |
| Power Finance Corporation Ltd. | Financial Services | PFC | |
| Power Grid Corporation of India Ltd. | Power | POWERGRID | |
| Prestige Estates Projects Ltd. | Realty | PRESTIGE | |
| Punjab National Bank | Financial Services | PNB | |
| REC Ltd. | Financial Services | RECLTD | |
| Reliance Industries Ltd. | Oil Gas & Consumable Fuels | RELIANCE | |
| SBI Life Insurance Company Ltd. | Financial Services | SBILIFE | |
| SRF Ltd. | Chemicals | SRF | |
| Samvardhana Motherson International Ltd. | Automobile and Auto Components | MOTHERSON | |
| Shree Cement Ltd. | Construction Materials | SHREECEM | |
| Shriram Finance Ltd. | Financial Services | SHRIRAMFIN | |
| Solar Industries India Ltd. | Chemicals | SOLARINDS | |
| Sona BLW Precision Forgings Ltd. | Automobile and Auto Components | SONACOMS | |
| State Bank of India | Financial Services | SBIN | |
| Sun Pharmaceutical Industries Ltd. | Healthcare | SUNPHARMA | |
| Supreme Industries Ltd. | Capital Goods | SUPREMEIND | |
| Suzlon Energy Ltd. | Capital Goods | SUZLON | |
| TVS Motor Company Ltd. | Automobile and Auto Components | TVSMOTOR | |
| Tata Consultancy Services Ltd. | Information Technology | TCS | |
| Tata Consumer Products Ltd. | Fast Moving Consumer Goods | TATACONSUM | |
| Tata Motors Passenger Vehicles Ltd. | Automobile and Auto Components | TMPV | |
| Tata Power Co. Ltd. | Power | TATAPOWER | |
| Tata Steel Ltd. | Metals & Mining | TATASTEEL | |
| Tech Mahindra Ltd. | Information Technology | TECHM | |
| Titan Company Ltd. | Consumer Durables | TITAN | |
| Torrent Pharmaceuticals Ltd. | Healthcare | TORNTPHARM | |
| Trent Ltd. | Consumer Services | TRENT | |
| Tube Investments of India Ltd. | Automobile and Auto Components | TIINDIA | |
| UPL Ltd. | Chemicals | UPL | |
| UltraTech Cement Ltd. | Construction Materials | ULTRACEMCO | |
| Union Bank of India | Financial Services | UNIONBANK | |
| United Spirits Ltd. | Fast Moving Consumer Goods | UNITDSPR | |
| Varun Beverages Ltd. | Fast Moving Consumer Goods | VBL | |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | VAML | |
| Vedanta Ltd. | Metals & Mining | VEDL | |
| Vishal Mega Mart Ltd. | Consumer Services | VMM | |
| Vodafone Idea Ltd. | Telecommunication | IDEA | |
| Voltas Ltd. | Consumer Durables | VOLTAS | |
| Waaree Energies Ltd. | Capital Goods | WAAREEENER | |
| Wipro Ltd. | Information Technology | WIPRO | |
| Yes Bank Ltd. | Financial Services | YESBANK | |
| Zydus Lifesciences Ltd. | Healthcare | ZYDUSLIFE |
Models and ETFs
No Tipsheet model uses Nifty India FPI 150. No ETF listed on NSE tracks it. Its trend and momentum have a page of their own.
Data and sources
Nifty India FPI 150 is computed and published by NSE Indices. History here starts 3 Oct 2022; NSE launched the index on 16 Aug 2025, from a base date of October 03, 2022. All returns are on NSE's total-return index unless marked as price return.
Historical index data. NSE publishes daily index values, total-return values and P/E, P/B and dividend yield for every index on niftyindices.com: historical data. Pick Nifty India FPI 150 there to download its full series.
- Nifty India FPI 150 on niftyindices.com: description and methodology
- NSE's monthly factsheet (PDF)
- Current constituents (CSV)
- The weekly series on this page (JSON): growth of 100, drawdown, volatility and rolling returns
Index values themselves are NSE's and are not republished here; the charts show growth of 100 and other figures computed from them.
The workings
The question
Data
Every chart has a table view, a CSV download and a link to its published JSON. Bundles are listed in data status.