Markets
Nifty India Internet
Nifty India Internet is an NSE theme index of 23 stocks. Since 2021 it has compounded 6.8% a year with dividends reinvested; over the past year it fell 6.7%. Its deepest fall was 50%, from Oct 2021 to Jan 2023, and it took 2.5 years from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty India Internet. Data to 14 Oct 2026.
- Trend
- Uptrend since Jul 2026
- Momentum
- 61st of 133 markets, by rank
- Below its high
- 9.2% total return
- 1 year
- −6.7% total return
- 5 years
- 5.1% a year
- 10 years
- – a year
- Since 2021
- 6.8% a year
- Volatility
- 22.4% past year; usual 22%
NSE launched Nifty India Internet in Feb 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 2021, dividends added about 1.8 percentage points a year. Returns over more than a year are a year, compounded.
Nifty India Internet: growth of 100
Weekly, from Oct 2021, 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 | −7.5% | 0.0% | −7.5 pts | |
| 3 months | +1.6% | 0.0% | +1.6 pts | |
| 6 months | +17.7% | +8.4% | +9.3 pts | |
| This year | −2.4% | −10.3% | +7.9 pts | |
| 1 year | −6.7% | −14.3% | +7.6 pts | |
| 3 years, a year | +20.9% | +17.3% | +3.6 pts | |
| 5 years, a year | +5.1% | +2.9% | +2.1 pts | |
| Since Oct 2021, a year | +6.8% | +5.0% | +1.8 pts |
Year by year
2 of the 4 full calendar years since 2022 ended higher. 4 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 Internet: 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 | −2.4% | −10.3% | +7.9 pts | −24.0% | |
| 2025 | −1.9% | −2.2% | +0.3 pts | −27.7% | |
| 2024 | +63.0% | +62.7% | +0.4 pts | −10.9% | |
| 2023 | +47.3% | +46.6% | +0.7 pts | −10.1% | |
| 2022 | −31.7% | −32.2% | +0.5 pts | −38.1% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 50%, took 15 months to reach bottom and 14 months more to climb back. Today it is 9.2% below its high.
Nifty India Internet: 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 |
|---|---|---|---|---|---|---|
| −49.7% | 14 Oct 2021 | 27 Jan 2023 | 15 months | 14 months | 10 Apr 2024 | 2.5 years |
| −28.9% | 17 Dec 2024 | 13 Mar 2025 | 3 months | 7 months | 15 Oct 2025 | 10 months |
| −28.2% | 28 Oct 2025 | 30 Mar 2026 | 5 months | 6 months | 23 Sept 2026 | 11 months |
| −12.0% | 23 Sept 2026 | 1 Oct 2026 | 8 days | +3% off the low | not yet | 13 days since the low |
| −10.9% | 18 May 2024 | 4 Jun 2024 | 17 days | 15 days | 19 Jun 2024 | 32 days |
What holding it was like
From every day in its history, what holding Nifty India Internet 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 | −40.6% | −27.2% | +12.3% | +70.4% | +90.1% | 28% | 5.0 |
| 3 years | +7.9% | +13.4% | +25.7% | +31.7% | +36.5% | 0% | 1.7 |
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 | ₹2,32,250 | 1.06× | +6.1% | |
| 2024 | 34 | ₹3,40,000 | ₹3,80,925 | 1.12× | +8.2% | |
| 2023 | 46 | ₹4,60,000 | ₹6,32,475 | 1.37× | +17.2% | |
| 2022 | 58 | ₹5,80,000 | ₹8,67,460 | 1.50× | +17.0% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 22.4%, against a usual 22.5% for this index. 63% of months ended higher, and 73 days moved 3% or more either way.
Nifty India Internet: 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 |
|---|---|
| 13 Jan 2025 | −6.4% |
| 24 Sept 2026 | −6.4% |
| 24 Jan 2022 | −6.2% |
| 23 Dec 2022 | −6.0% |
| 4 Jun 2024 | −5.6% |
| Best days | Return |
|---|---|
| 12 May 2025 | +5.4% |
| 4 Aug 2023 | +5.3% |
| 11 Nov 2022 | +5.1% |
| 18 Mar 2025 | +5.0% |
| 8 Apr 2026 | +4.7% |
| Worst months | Return |
|---|---|
| Jan 2025 | −14.5% |
| Jun 2022 | −11.2% |
| Mar 2026 | −9.0% |
| Feb 2025 | −8.8% |
| Sept 2026 | −8.7% |
| Best months | Return |
|---|---|
| Apr 2026 | +12.5% |
| Nov 2023 | +11.3% |
| Jun 2023 | +11.1% |
| Aug 2024 | +9.9% |
| Jun 2024 | +9.4% |
What it holds
23 stocks as NSE lists them today. The ten largest make up 83.0% of the index. It is weighted by periodic capped free-float and rebalanced twice a year.
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 3 items. Weight, %: highest Consumer Services at 61.3%, lowest Media, Entertainment & Publication at 1.7%.
NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.
| Largest holdings | Weight | |
|---|---|---|
| 1 | Eternal Ltd. | 19.72% |
| 2 | One 97 Communications Ltd. | 14.30% |
| 3 | Info Edge (India) Ltd. | 9.35% |
| 4 | FSN E-Commerce Ventures Ltd. | 8.67% |
| 5 | PB Fintech Ltd. | 7.47% |
| 6 | Swiggy Ltd. | 7.44% |
| 7 | Billionbrains Garage Ventures Ltd. | 5.21% |
| 8 | Meesho Ltd. | 4.13% |
| 9 | Angel One Ltd. | 3.54% |
| 10 | Motilal Oswal Financial Services Ltd. | 3.12% |
NSE's constituent list for Nifty India Internet, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| Angel One Ltd. | Financial Services | ANGELONE | |
| Billionbrains Garage Ventures Ltd. | Financial Services | GROWW | |
| Brainbees Solutions Ltd. | Consumer Services | FIRSTCRY | |
| Cartrade Tech Ltd. | Consumer Services | CARTRADE | |
| Eternal Ltd. | Consumer Services | ETERNAL | |
| FSN E-Commerce Ventures Ltd. | Consumer Services | NYKAA | |
| IIFL Capital Services Ltd. | Financial Services | IIFLCAPS | |
| Indiamart Intermesh Ltd. | Consumer Services | INDIAMART | |
| Indian Railway Catering And Tourism Corporation Ltd. | Consumer Services | IRCTC | |
| Info Edge (India) Ltd. | Consumer Services | NAUKRI | |
| Justdial Ltd. | Consumer Services | JUSTDIAL | |
| Le Travenues Technology Ltd. | Consumer Services | IXIGO | |
| Meesho Ltd. | Consumer Services | MEESHO | |
| Motilal Oswal Financial Services Ltd. | Financial Services | MOTILALOFS | |
| Nazara Technologies Ltd. | Media Entertainment & Publication | NAZARA | |
| One 97 Communications Ltd. | Financial Services | PAYTM | |
| PB Fintech Ltd. | Financial Services | POLICYBZR | |
| Physicswallah Ltd. | Consumer Services | PWL | |
| Pine Labs Ltd. | Financial Services | PINELABS | |
| Swiggy Ltd. | Consumer Services | SWIGGY | |
| TBO Tek Ltd. | Consumer Services | TBOTEK | |
| Thomas Cook (India) Ltd. | Consumer Services | THOMASCOOK | |
| Urban Company Ltd. | Consumer Services | URBANCO |
Against the Nifty 500
How Nifty India Internet has done against the broad market it is part of. Over 5 years it trailed the Nifty 500 by 0.5 percentage points a year, and was ahead in 2 of 4 calendar years.
Relative strength
Weekly: Nifty India Internet's total return divided by the Nifty 500's, 100 at the start of the range shown.
How to read it. Rising: Nifty India Internet is outrunning the Nifty 500. Falling: it is lagging. The level means nothing; the direction is the reading.
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Three-year lead or lag
Weekly: Nifty India Internet's return a year over the past three years minus the Nifty 500's, percentage points.
How to read it. Above zero, someone who bought three years earlier was ahead of the broad index; below, behind.
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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.
| Ahead by, a year | Up capture | Down capture | Beta | Correlation | Tracking error | |
|---|---|---|---|---|---|---|
| Full history, from Nov 2021 | −0.5 pts | 115 | 124 | 1.05 | 0.71 | 15.3% |
| Last 5 years, from Nov 2021 | −0.5 pts | 115 | 124 | 1.05 | 0.71 | 15.3% |
Models and ETFs
No Tipsheet model uses Nifty India Internet. 2 ETFs track it. Its trend and momentum have a page of their own.
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.
| ETF | NSE symbol | Expense ratio | Assets | Tracking difference, 1 year | Tracking error, 1 year | Daily traded value (median) | More |
|---|---|---|---|---|---|---|---|
| Groww Nifty India Internet ETF | GROWWNET | 0.35% | ₹39.7 cr | +0.11 pts | 3.44% | ₹0.5 cr | |
| Mirae Asset Nifty India Internet ETF | INTERNET | 0.29% | ₹35.2 cr | −0.30 pts | 2.35% | ₹0.3 cr |
Data and sources
Nifty India Internet is computed and published by NSE Indices. History here starts 1 Oct 2021; NSE launched the index on 28 Feb 2025, from a base date of October 01, 2021. 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 Internet there to download its full series.
- Nifty India Internet 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.