Markets
Nifty India New Age Consumption
Nifty India New Age Consumption is an NSE theme index of 75 stocks. Since 2005 it has compounded 12.8% a year with dividends reinvested; over the past year it fell 7.3%. Its deepest fall was 74%, from Jan 2008 to Mar 2009, and it took 6.8 years from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty India New Age Consumption. Data to 14 Oct 2026.
- Trend
- Downtrend since Oct 2026
- Momentum
- 92nd of 133 markets, by rank
- Below its high
- 11.4% total return
- P/E
- 43.7 33rd percentile
- 1 year
- −7.3% total return
- 5 years
- 10.3% a year
- 10 years
- 11.8% a year
- Since 2005
- 12.8% a year
- Volatility
- 18.3% past year; usual 19%
NSE launched Nifty India New Age Consumption in Oct 2024. 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 2005, dividends added about 1.0 percentage points a year. Returns over more than a year are a year, compounded.
Nifty India New Age Consumption: growth of 100
Weekly, from Apr 2005, 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 | −5.7% | −5.8% | 0.0 pts | |
| 3 months | −4.4% | −4.7% | +0.3 pts | |
| 6 months | +4.6% | +4.1% | +0.5 pts | |
| This year | −5.6% | −6.1% | +0.5 pts | |
| 1 year | −7.3% | −7.8% | +0.6 pts | |
| 3 years, a year | +13.9% | +13.3% | +0.6 pts | |
| 5 years, a year | +10.3% | +9.7% | +0.6 pts | |
| 10 years, a year | +11.8% | +11.0% | +0.8 pts | |
| 15 years, a year | +12.7% | +11.8% | +0.9 pts | |
| 20 years, a year | +9.2% | +8.3% | +0.9 pts | |
| Since Apr 2005, a year | +12.8% | +11.8% | +1.0 pts |
Year by year
13 of the 20 full calendar years since 2006 ended higher. 17 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 New Age Consumption: 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 | −5.6% | −6.1% | +0.5 pts | −19.3% | |
| 2025 | +1.2% | +0.7% | +0.5 pts | −18.0% | |
| 2024 | +37.1% | +36.5% | +0.6 pts | −13.4% | |
| 2023 | +41.1% | +40.4% | +0.7 pts | −9.6% | |
| 2022 | −4.3% | −5.0% | +0.7 pts | −21.4% | |
| 2021 | +35.9% | +34.9% | +1.0 pts | −12.0% | |
| 2020 | +12.8% | +11.8% | +1.0 pts | −40.4% | |
| 2019 | −0.1% | −0.9% | +0.9 pts | −17.3% | |
| 2018 | −22.2% | −22.8% | +0.6 pts | −31.5% | |
| 2017 | +63.3% | +62.1% | +1.2 pts | −6.3% | |
| 2016 | −4.1% | −4.9% | +0.8 pts | −19.2% | |
| 2015 | +8.3% | +7.6% | +0.7 pts | −13.1% | |
| 2014 | +40.9% | +39.0% | +1.9 pts | −9.8% | |
| 2013 | −2.5% | −3.6% | +1.1 pts | −24.4% | |
| 2012 | +43.4% | +41.9% | +1.5 pts | −18.0% | |
| 2011 | −28.1% | −29.0% | +0.9 pts | −29.9% | |
| 2010 | +10.7% | +9.7% | +1.0 pts | −18.1% | |
| 2009 | +95.7% | +94.2% | +1.5 pts | −24.2% | |
| 2008 | −66.8% | −67.1% | +0.4 pts | −72.7% | |
| 2007 | +44.7% | +43.4% | +1.3 pts | −19.8% | |
| 2006 | +64.4% | +62.8% | +1.7 pts | −33.4% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 74%, took 14 months to reach bottom and 5.7 years more to climb back. Today it is 11.4% below its high.
Nifty India New Age Consumption: 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 |
|---|---|---|---|---|---|---|
| −73.5% | 2 Jan 2008 | 9 Mar 2009 | 14 months | 5.7 years | 7 Nov 2014 | 6.8 years |
| −52.6% | 11 Jan 2018 | 24 Mar 2020 | 2.2 years | 16 months | 12 Jul 2021 | 3.5 years |
| −33.4% | 17 May 2006 | 14 Jun 2006 | 28 days | 4 months | 6 Oct 2006 | 5 months |
| −23.3% | 14 Oct 2021 | 20 Jun 2022 | 8 months | 13 months | 6 Jul 2023 | 21 months |
| −23.0% | 23 Sept 2024 | 30 Mar 2026 | 18 months | +15% off the low | not yet | 7 months since the low |
| −19.8% | 7 Feb 2007 | 7 Mar 2007 | 28 days | 4 months | 3 Jul 2007 | 5 months |
| −19.2% | 1 Jan 2016 | 29 Feb 2016 | 59 days | 4 months | 30 Jun 2016 | 6 months |
| −17.3% | 10 Oct 2016 | 21 Nov 2016 | 42 days | 3 months | 8 Feb 2017 | 4 months |
| −15.6% | 19 Sept 2005 | 28 Oct 2005 | 39 days | 29 days | 26 Nov 2005 | 2 months |
| −14.3% | 23 Jul 2007 | 23 Aug 2007 | 31 days | 27 days | 19 Sept 2007 | 58 days |
What holding it was like
From every day in its history, what holding Nifty India New Age Consumption for a fixed span would have returned a year. Over five years the middle outcome was 10.8% a year; the worst −5.9% and the best 33.0%; 11% 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.
| Held for | Worst | 1 in 10 worse than | Middle | 1 in 10 better than | Best | Spans that lost | Separate spans |
|---|---|---|---|---|---|---|---|
| 1 year | −68.9% | −17.3% | +10.2% | +61.1% | +135.8% | 29% | 21.5 |
| 3 years | −18.0% | −4.7% | +13.3% | +25.0% | +41.6% | 20% | 7.2 |
| 5 years | −5.9% | −0.5% | +10.8% | +20.3% | +33.0% | 11% | 4.3 |
| 7 years | −1.4% | +3.5% | +10.3% | +15.3% | +21.5% | 1% | 3.1 |
| 10 years | +2.9% | +5.9% | +11.1% | +14.6% | +17.4% | 0% | 2.2 |
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. Of SIPs that ran five years or more, the weakest started in 2006 (+11.6% a year).
| Started in January | Months | Put in | Worth now | Multiple | Return a year (XIRR) | More |
|---|---|---|---|---|---|---|
| 2025 | 22 | ₹2,20,000 | ₹2,17,818 | 0.99× | −1.1% | |
| 2024 | 34 | ₹3,40,000 | ₹3,46,469 | 1.02× | +1.3% | |
| 2023 | 46 | ₹4,60,000 | ₹5,51,178 | 1.20× | +9.6% | |
| 2022 | 58 | ₹5,80,000 | ₹7,70,181 | 1.33× | +11.9% | |
| 2021 | 70 | ₹7,00,000 | ₹10,21,889 | 1.46× | +13.1% | |
| 2020 | 82 | ₹8,20,000 | ₹14,03,415 | 1.71× | +15.7% | |
| 2019 | 94 | ₹9,40,000 | ₹17,38,169 | 1.85× | +15.5% | |
| 2018 | 106 | ₹10,60,000 | ₹20,29,354 | 1.91× | +14.4% | |
| 2017 | 118 | ₹11,80,000 | ₹23,53,538 | 1.99× | +13.6% | |
| 2016 | 130 | ₹13,00,000 | ₹27,54,787 | 2.12× | +13.3% | |
| 2015 | 142 | ₹14,20,000 | ₹31,73,212 | 2.23× | +12.9% | |
| 2014 | 154 | ₹15,40,000 | ₹36,90,216 | 2.40× | +12.9% | |
| 2013 | 166 | ₹16,60,000 | ₹43,29,626 | 2.61× | +13.0% | |
| 2012 | 178 | ₹17,80,000 | ₹50,43,269 | 2.83× | +13.0% | |
| 2011 | 190 | ₹19,00,000 | ₹57,40,581 | 3.02× | +12.9% | |
| 2010 | 202 | ₹20,20,000 | ₹63,83,917 | 3.16× | +12.5% | |
| 2009 | 214 | ₹21,40,000 | ₹73,86,893 | 3.45× | +12.6% | |
| 2008 | 226 | ₹22,60,000 | ₹81,77,137 | 3.62× | +12.3% | |
| 2007 | 238 | ₹23,80,000 | ₹87,79,518 | 3.69× | +11.8% | |
| 2006 | 250 | ₹25,00,000 | ₹95,94,912 | 3.84× | +11.6% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 18.3%, against a usual 19.1% for this index. 62% of months ended higher, and 236 days moved 3% or more either way.
Nifty India New Age Consumption: 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 |
|---|---|
| 24 Oct 2008 | −13.3% |
| 23 Mar 2020 | −11.6% |
| 21 Jan 2008 | −11.0% |
| 7 Jan 2009 | −8.3% |
| 12 Mar 2020 | −8.0% |
| Best days | Return |
|---|---|
| 18 May 2009 | +16.8% |
| 23 Jan 2008 | +8.4% |
| 28 Oct 2008 | +8.1% |
| 20 Sept 2019 | +7.2% |
| 13 Oct 2008 | +6.4% |
| Worst months | Return |
|---|---|
| Oct 2008 | −32.7% |
| Mar 2020 | −30.9% |
| Jun 2008 | −21.9% |
| Jan 2008 | −19.2% |
| Sept 2008 | −15.9% |
| Best months | Return |
|---|---|
| May 2009 | +46.9% |
| Apr 2009 | +19.4% |
| Mar 2006 | +16.7% |
| Jan 2012 | +15.9% |
| May 2014 | +15.7% |
Valuation
NSE's own price-to-earnings, price-to-book and dividend yield, at each month-end since Aug 2026. Today's P/E of 43.7 is in the middle of its range since NSE moved to consolidated earnings in March 2021. Price to book, 5.87, is in the middle of its range over the full history.
Price to earnings
Month-ends, as NSE publishes them.
How to read it. Higher is dearer. Before March 2021 NSE used standalone earnings, so readings on either side of the line are not strictly comparable.
Price to earnings. Line chart, Aug 2026 to Oct 2026. Price to earnings: latest 43.7×, range 43.7× to 48.0×.
Price to book
Month-ends, as NSE publishes them.
How to read it. Higher is dearer. Book value has no accounting break, so the whole history compares.
Price to book. Line chart, Aug 2026 to Oct 2026. Price to book: latest 5.87×, range 5.87× to 6.57×.
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).
| Today | Percentile, full history | Last 10 years | Since March 2021 | Median | Low | High | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 43.67 | 33 | – | – | 44.19 | 43.67 | 47.96 |
| Price to book | 5.87 | 33 | – | – | 5.94 | 5.87 | 6.57 |
| Dividend yield, % | 0.69 | 100 | – | – | 0.61 | 0.56 | 0.69 |
What it holds
75 stocks as NSE lists them today. The ten largest make up 42.2% 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 9 items. Weight, %: highest Consumer Services at 25.1%, lowest Media, Entertainment & Publication at 0.8%.
NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.
| Largest holdings | Weight | |
|---|---|---|
| 1 | Maruti Suzuki India Ltd. | 5.10% |
| 2 | Bharti Airtel Ltd. | 5.06% |
| 3 | Mahindra & Mahindra Ltd. | 4.99% |
| 4 | Eternal Ltd. | 4.91% |
| 5 | Titan Company Ltd. | 4.83% |
| 6 | InterGlobe Aviation Ltd. | 4.66% |
| 7 | Bajaj Auto Ltd. | 3.46% |
| 8 | Trent Ltd. | 3.29% |
| 9 | One 97 Communications Ltd. | 2.99% |
| 10 | Eicher Motors Ltd. | 2.88% |
NSE's constituent list for Nifty India New Age Consumption, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| 360 ONE WAM Ltd. | Financial Services | 360ONE | |
| Aditya Birla Real Estate Ltd. | Realty | ABREL | |
| Aditya Birla Sun Life AMC Ltd. | Financial Services | ABSLAMC | |
| Amber Enterprises India Ltd. | Consumer Durables | AMBER | |
| Anant Raj Ltd. | Realty | ANANTRAJ | |
| Angel One Ltd. | Financial Services | ANGELONE | |
| Ather Energy Ltd. | Automobile and Auto Components | ATHERENERG | |
| Avenue Supermarts Ltd. | Consumer Services | DMART | |
| Bajaj Auto Ltd. | Automobile and Auto Components | BAJAJ-AUTO | |
| Bata India Ltd. | Consumer Durables | BATAINDIA | |
| Bharti Airtel Ltd. | Telecommunication | BHARTIARTL | |
| Bharti Hexacom Ltd. | Telecommunication | BHARTIHEXA | |
| Billionbrains Garage Ventures Ltd. | Financial Services | GROWW | |
| Blue Star Ltd. | Consumer Durables | BLUESTARCO | |
| Brainbees Solutions Ltd. | Consumer Services | FIRSTCRY | |
| Brigade Enterprises Ltd. | Realty | BRIGADE | |
| Cartrade Tech Ltd. | Consumer Services | CARTRADE | |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Durables | CROMPTON | |
| DLF Ltd. | Realty | DLF | |
| Devyani International Ltd. | Consumer Services | DEVYANI | |
| Dixon Technologies (India) Ltd. | Consumer Durables | DIXON | |
| EIH Ltd. | Consumer Services | EIHOTEL | |
| Eicher Motors Ltd. | Automobile and Auto Components | EICHERMOT | |
| Eternal Ltd. | Consumer Services | ETERNAL | |
| FSN E-Commerce Ventures Ltd. | Consumer Services | NYKAA | |
| Force Motors Ltd. | Automobile and Auto Components | FORCEMOT | |
| Godrej Properties Ltd. | Realty | GODREJPROP | |
| HDFC Asset Management Company Ltd. | Financial Services | HDFCAMC | |
| Havells India Ltd. | Consumer Durables | HAVELLS | |
| Hero MotoCorp Ltd. | Automobile and Auto Components | HEROMOTOCO | |
| Hyundai Motor India Ltd. | Automobile and Auto Components | HYUNDAI | |
| ICICI Prudential Asset Management Company Ltd. | Financial Services | ICICIAMC | |
| ITC Hotels Ltd. | Consumer Services | ITCHOTELS | |
| Indiamart Intermesh Ltd. | Consumer Services | INDIAMART | |
| Indian Hotels Co. Ltd. | Consumer Services | INDHOTEL | |
| Indian Railway Catering And Tourism Corporation Ltd. | Consumer Services | IRCTC | |
| Info Edge (India) Ltd. | Consumer Services | NAUKRI | |
| InterGlobe Aviation Ltd. | Services | INDIGO | |
| Jubilant Foodworks Ltd. | Consumer Services | JUBLFOOD | |
| K.P.R. Mill Ltd. | Textiles | KPRMILL | |
| Kalyan Jewellers India Ltd. | Consumer Durables | KALYANKJIL | |
| LG Electronics India Ltd. | Consumer Durables | LGEINDIA | |
| Lemon Tree Hotels Ltd. | Consumer Services | LEMONTREE | |
| Lenskart Solutions Ltd. | Consumer Services | LENSKART | |
| Lodha Developers Ltd. | Realty | LODHA | |
| Mahindra & Mahindra Ltd. | Automobile and Auto Components | M&M | |
| Maruti Suzuki India Ltd. | Automobile and Auto Components | MARUTI | |
| Meesho Ltd. | Consumer Services | MEESHO | |
| Motilal Oswal Financial Services Ltd. | Financial Services | MOTILALOFS | |
| Nippon Life India Asset Management Ltd. | Financial Services | NAM-INDIA | |
| Nuvama Wealth Management Ltd. | Financial Services | NUVAMA | |
| Oberoi Realty Ltd. | Realty | OBEROIRLTY | |
| Ola Electric Mobility Ltd. | Automobile and Auto Components | OLAELEC | |
| One 97 Communications Ltd. | Financial Services | PAYTM | |
| PB Fintech Ltd. | Financial Services | POLICYBZR | |
| PG Electroplast Ltd. | Consumer Durables | PGEL | |
| PVR INOX Ltd. | Media Entertainment & Publication | PVRINOX | |
| Page Industries Ltd. | Textiles | PAGEIND | |
| Phoenix Mills Ltd. | Realty | PHOENIXLTD | |
| Physicswallah Ltd. | Consumer Services | PWL | |
| Pine Labs Ltd. | Financial Services | PINELABS | |
| Prestige Estates Projects Ltd. | Realty | PRESTIGE | |
| Prime Focus Ltd. | Media Entertainment & Publication | PFOCUS | |
| Sobha Ltd. | Realty | SOBHA | |
| Swiggy Ltd. | Consumer Services | SWIGGY | |
| TVS Motor Company Ltd. | Automobile and Auto Components | TVSMOTOR | |
| Tata Communications Ltd. | Telecommunication | TATACOMM | |
| Tata Motors Passenger Vehicles Ltd. | Automobile and Auto Components | TMPV | |
| Titan Company Ltd. | Consumer Durables | TITAN | |
| Trent Ltd. | Consumer Services | TRENT | |
| Vishal Mega Mart Ltd. | Consumer Services | VMM | |
| Vodafone Idea Ltd. | Telecommunication | IDEA | |
| Voltas Ltd. | Consumer Durables | VOLTAS | |
| Whirlpool of India Ltd. | Consumer Durables | WHIRLPOOL | |
| Zee Entertainment Enterprises Ltd. | Media Entertainment & Publication | ZEEL |
Against the Nifty 500
How Nifty India New Age Consumption has done against the broad market it is part of. Over 21 years it trailed the Nifty 500 by 1.0 percentage points a year, and was ahead in 9 of 20 calendar years.
Relative strength
Weekly: Nifty India New Age Consumption's total return divided by the Nifty 500's, 100 at the start of the range shown.
How to read it. Rising: Nifty India New Age Consumption 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 New Age Consumption'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 May 2005 | −1.0 pts | 112 | 123 | 1.18 | 0.94 | 10.2% |
| Last 5 years, from Oct 2021 | +3.9 pts | 120 | 108 | 1.11 | 0.92 | 7.1% |
Models and ETFs
No Tipsheet model uses Nifty India New Age Consumption. 1 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty India New Age Consumption ETF | CONSUMER | 0.29% | ₹59.0 cr | −0.42 pts | 1.13% | ₹0.3 cr |
Data and sources
Nifty India New Age Consumption is computed and published by NSE Indices. History here starts 1 Apr 2005; NSE launched the index on 25 Oct 2024, from a base date of April 01, 2005. 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 New Age Consumption there to download its full series.
- Nifty India New Age Consumption 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.