Markets
Nifty Next 50
Nifty Next 50 is an NSE broad market index of 50 stocks. Since 2002 it has compounded 19.7% a year with dividends reinvested; over the past year it rose 2.1%. Its deepest fall was 72%, from Jan 2008 to Mar 2009, and it took 2.7 years from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty Next 50. Data to 14 Oct 2026.
- Trend
- Downtrend since Oct 2026
- Momentum
- 55th of 133 markets, by rank
- Below its high
- 9.6% total return
- P/E
- 18.1 3rd percentile since 2021
- 1 year
- +2.1% total return
- 5 years
- 10.1% a year
- 10 years
- 12.6% a year
- Since 2002
- 19.7% a year
- Volatility
- 17.3% past year; usual 18%
Returns
Total return counts dividends reinvested; price return does not. Since 2002, dividends added about 1.4 percentage points a year. Returns over more than a year are a year, compounded.
Nifty Next 50: growth of 100
Weekly, from Nov 2002, 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 | −4.2% | −4.3% | 0.0 pts | |
| 3 months | −3.6% | −4.0% | +0.3 pts | |
| 6 months | +3.3% | +2.8% | +0.5 pts | |
| This year | +0.3% | −0.5% | +0.9 pts | |
| 1 year | +2.1% | +1.2% | +1.0 pts | |
| 3 years, a year | +16.1% | +15.1% | +1.0 pts | |
| 5 years, a year | +10.1% | +9.1% | +1.0 pts | |
| 10 years, a year | +12.6% | +11.5% | +1.2 pts | |
| 15 years, a year | +15.1% | +13.8% | +1.2 pts | |
| 20 years, a year | +13.6% | +12.4% | +1.2 pts | |
| Since Nov 2002, a year | +19.7% | +18.2% | +1.4 pts |
Year by year
20 of the 23 full calendar years since 2003 ended higher. 20 of them had a fall of 10% or more from a peak somewhere inside the year, so even good years are rarely smooth.
Nifty Next 50: 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 | +0.3% | −0.5% | +0.9 pts | −14.4% | |
| 2025 | +2.9% | +2.0% | +0.9 pts | −17.4% | |
| 2024 | +28.4% | +27.5% | +0.9 pts | −14.1% | |
| 2023 | +27.2% | +26.5% | +0.8 pts | −12.7% | |
| 2022 | +1.0% | −0.1% | +1.0 pts | −19.2% | |
| 2021 | +30.9% | +29.9% | +1.0 pts | −9.9% | |
| 2020 | +15.9% | +14.8% | +1.1 pts | −36.2% | |
| 2019 | +1.6% | +0.5% | +1.2 pts | −11.4% | |
| 2018 | −7.9% | −9.0% | +1.1 pts | −19.8% | |
| 2017 | +47.7% | +44.8% | +3.0 pts | −6.6% | |
| 2016 | +8.4% | +7.1% | +1.3 pts | −15.7% | |
| 2015 | +8.1% | +7.0% | +1.1 pts | −12.1% | |
| 2014 | +46.4% | +44.4% | +1.9 pts | −9.6% | |
| 2013 | +6.0% | +4.8% | +1.2 pts | −19.3% | |
| 2012 | +49.8% | +48.1% | +1.8 pts | −13.6% | |
| 2011 | −31.1% | −31.9% | +0.8 pts | −31.6% | |
| 2010 | +18.9% | +17.8% | +1.1 pts | −14.3% | |
| 2009 | +130.5% | +127.9% | +2.6 pts | −27.2% | |
| 2008 | −63.1% | −63.5% | +0.4 pts | −70.8% | |
| 2007 | +77.4% | +75.7% | +1.6 pts | −16.2% | |
| 2006 | +30.0% | +28.2% | +1.8 pts | −37.1% | |
| 2005 | +26.4% | +24.4% | +2.0 pts | −15.0% | |
| 2004 | +33.3% | +30.8% | +2.6 pts | −30.0% | |
| 2003 | +147.3% | +141.0% | +6.3 pts | −13.3% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 72%, took 14 months to reach bottom and 18 months more to climb back. Today it is 9.6% below its high.
Nifty Next 50: 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 |
|---|---|---|---|---|---|---|
| −72.1% | 4 Jan 2008 | 9 Mar 2009 | 14 months | 18 months | 20 Sept 2010 | 2.7 years |
| −40.4% | 8 Jan 2018 | 23 Mar 2020 | 2.2 years | 8 months | 2 Dec 2020 | 2.9 years |
| −38.1% | 9 Nov 2010 | 20 Dec 2011 | 13 months | 2.3 years | 27 Mar 2014 | 3.4 years |
| −37.1% | 10 May 2006 | 14 Jun 2006 | 35 days | 6 months | 4 Dec 2006 | 7 months |
| −30.0% | 23 Apr 2004 | 17 May 2004 | 24 days | 6 months | 23 Nov 2004 | 7 months |
| −26.4% | 27 Sept 2024 | 28 Feb 2025 | 5 months | +23% off the low | not yet | 20 months since the low |
| −21.0% | 6 Aug 2015 | 25 Feb 2016 | 7 months | 5 months | 12 Jul 2016 | 11 months |
| −20.1% | 18 Oct 2021 | 20 Jun 2022 | 8 months | 3 months | 12 Sept 2022 | 11 months |
| −18.3% | 15 Sept 2022 | 28 Mar 2023 | 6 months | 4 months | 31 Jul 2023 | 10 months |
| −16.2% | 7 Feb 2007 | 7 Mar 2007 | 28 days | 54 days | 30 Apr 2007 | 3 months |
What holding it was like
From every day in its history, what holding Nifty Next 50 for a fixed span would have returned a year. Over five years the middle outcome was 15.0% a year; the worst 0.3% and the best 59.1%; no five-year span 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 | −66.3% | −9.6% | +16.6% | +63.5% | +199.9% | 22% | 23.9 |
| 3 years | −16.0% | +2.8% | +17.1% | +34.0% | +76.7% | 7% | 8.0 |
| 5 years | +0.3% | +6.8% | +15.0% | +24.0% | +59.1% | 0% | 4.8 |
| 7 years | +6.2% | +11.0% | +14.7% | +22.7% | +37.9% | 0% | 3.4 |
| 10 years | +7.1% | +12.3% | +15.4% | +19.9% | +26.5% | 0% | 2.4 |
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 2021 (+12.1% a year).
| Started in January | Months | Put in | Worth now | Multiple | Return a year (XIRR) | More |
|---|---|---|---|---|---|---|
| 2025 | 22 | ₹2,20,000 | ₹2,27,252 | 1.03× | +3.6% | |
| 2024 | 34 | ₹3,40,000 | ₹3,54,735 | 1.04× | +3.0% | |
| 2023 | 46 | ₹4,60,000 | ₹5,56,308 | 1.21× | +10.1% | |
| 2022 | 58 | ₹5,80,000 | ₹7,63,589 | 1.32× | +11.6% | |
| 2021 | 70 | ₹7,00,000 | ₹9,94,573 | 1.42× | +12.1% | |
| 2020 | 82 | ₹8,20,000 | ₹13,30,063 | 1.62× | +14.1% | |
| 2019 | 94 | ₹9,40,000 | ₹16,52,010 | 1.76× | +14.2% | |
| 2018 | 106 | ₹10,60,000 | ₹19,59,253 | 1.85× | +13.6% | |
| 2017 | 118 | ₹11,80,000 | ₹23,04,419 | 1.95× | +13.2% | |
| 2016 | 130 | ₹13,00,000 | ₹27,51,488 | 2.12× | +13.3% | |
| 2015 | 142 | ₹14,20,000 | ₹32,23,497 | 2.27× | +13.2% | |
| 2014 | 154 | ₹15,40,000 | ₹38,55,395 | 2.50× | +13.5% | |
| 2013 | 166 | ₹16,60,000 | ₹46,66,265 | 2.81× | +13.9% | |
| 2012 | 178 | ₹17,80,000 | ₹56,17,740 | 3.16× | +14.3% | |
| 2011 | 190 | ₹19,00,000 | ₹65,33,949 | 3.44× | +14.3% | |
| 2010 | 202 | ₹20,20,000 | ₹74,05,826 | 3.67× | +14.0% | |
| 2009 | 214 | ₹21,40,000 | ₹90,18,585 | 4.21× | +14.5% | |
| 2008 | 226 | ₹22,60,000 | ₹1,04,84,922 | 4.64× | +14.5% | |
| 2007 | 238 | ₹23,80,000 | ₹1,17,23,027 | 4.93× | +14.2% | |
| 2006 | 250 | ₹25,00,000 | ₹1,34,24,399 | 5.37× | +14.2% | |
| 2005 | 262 | ₹26,20,000 | ₹1,56,91,264 | 5.99× | +14.3% | |
| 2004 | 274 | ₹27,40,000 | ₹1,88,95,214 | 6.90× | +14.6% | |
| 2003 | 286 | ₹28,60,000 | ₹2,51,95,202 | 8.81× | +15.6% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 17.3%, against a usual 18.5% for this index. 63% of months ended higher, and 260 days moved 3% or more either way.
Nifty Next 50: 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 |
|---|---|
| 21 Jan 2008 | −12.3% |
| 17 May 2004 | −12.2% |
| 23 Mar 2020 | −11.6% |
| 14 May 2004 | −11.3% |
| 24 Oct 2008 | −9.8% |
| Best days | Return |
|---|---|
| 18 May 2009 | +14.8% |
| 23 Jan 2008 | +8.7% |
| 18 May 2004 | +8.6% |
| 25 Mar 2008 | +8.4% |
| 9 Jun 2006 | +8.3% |
| Worst months | Return |
|---|---|
| Oct 2008 | −29.0% |
| Jun 2008 | −24.0% |
| May 2004 | −21.6% |
| Mar 2020 | −20.1% |
| Jan 2008 | −18.9% |
| Best months | Return |
|---|---|
| May 2009 | +41.6% |
| May 2003 | +24.6% |
| Apr 2009 | +21.8% |
| Dec 2003 | +21.8% |
| Dec 2008 | +18.4% |
Valuation
NSE's own price-to-earnings, price-to-book and dividend yield, at each month-end since Jan 1999. Today's P/E of 18.1 is near the bottom of its range since NSE moved to consolidated earnings in March 2021. Price to book, 3.31, is in the middle of its range over the full history.
Price to earnings
Month-ends, as NSE publishes them. 5 month-ends above 58 are left out (highest 69): earnings near zero make the ratio meaningless.
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, Jan 1999 to Oct 2026. Price to earnings: latest 18.1×, range 5.3× to 56.5×.
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, Jan 1999 to Oct 2026. Price to book: latest 3.31×, range 0.85× to 6.19×.
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 | 18.08 | 45 | 2 | 3 | 19.49 | 5.28 | 69.15 |
| Price to book | 3.31 | 56 | 8 | – | 3.13 | 0.85 | 6.19 |
| Dividend yield, % | 1.48 | 64 | 78 | – | 1.37 | 0.61 | 14.64 |
What it holds
50 stocks as NSE lists them today. The ten largest make up 33.7% of the index. It is weighted by periodic capped free float and rebalanced twice a yearly.
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 14 items. Weight, %: highest Capital Goods at 20.3%, lowest Construction Materials at 1.0%.
Every member's weight at the end of Sept 2026, from NSE's monthly weightage file. Beta is NSE's, against the Nifty 50 over the past year.
| Company | Weight | Industry | Free-float market cap | Beta | More |
|---|---|---|---|---|---|
| Divi's Laboratories Ltd. | 4.84% | Pharmaceuticals | ₹1.2 lakh cr | 0.58 | |
| TVS Motor Company Ltd. | 3.95% | 2/3 Wheelers | ₹96,184 cr | 1.21 | |
| Hindustan Aeronautics Ltd. | 3.63% | Aerospace & Defense | ₹88,307 cr | 0.96 | |
| Tata Motors Ltd. | 3.61% | Commercial Vehicles | ₹87,941 cr | – | |
| Adani Power Ltd. | 3.48% | Power Generation | ₹84,650 cr | 1.05 | |
| Samvardhana Motherson International Ltd. | 2.95% | Auto Components & Equipments | ₹71,925 cr | 1.55 | |
| Torrent Pharmaceuticals Ltd. | 2.89% | Pharmaceuticals | ₹70,447 cr | 0.28 | |
| Cholamandalam Investment and Finance Company Ltd. | 2.88% | Non Banking Financial Company (NBFC) | ₹70,070 cr | 1.67 | |
| Vedanta Aluminium Metal Ltd. | 2.87% | Aluminium | ₹69,798 cr | – | |
| Cummins India Ltd. | 2.63% | Compressors, Pumps & Diesel Engines | ₹64,128 cr | 0.94 | |
| Avenue Supermarts Ltd. | 2.51% | Diversified Retail | ₹61,159 cr | 0.54 | |
| Bharat Petroleum Corporation Ltd. | 2.49% | Refineries & Marketing | ₹60,693 cr | 1.41 | |
| Tata Power Co. Ltd. | 2.47% | Integrated Power Utilities | ₹60,122 cr | 0.76 | |
| Varun Beverages Ltd. | 2.42% | Other Beverages | ₹58,902 cr | 1.05 | |
| CG Power and Industrial Solutions Ltd. | 2.40% | Heavy Electrical Equipment | ₹58,432 cr | 1.00 | |
| Britannia Industries Ltd. | 2.33% | Packaged Foods | ₹56,737 cr | 0.69 | |
| Indian Oil Corporation Ltd. | 2.06% | Refineries & Marketing | ₹50,275 cr | 1.18 | |
| Solar Industries India Ltd. | 1.97% | Explosives | ₹47,853 cr | 0.88 | |
| Power Finance Corporation Ltd. | 1.94% | Financial Institution | ₹47,264 cr | 1.11 | |
| Bajaj Holdings & Investment Ltd. | 1.91% | Holding Company | ₹46,582 cr | 1.17 | |
| HDFC Asset Management Company Ltd. | 1.91% | Asset Management Company | ₹46,444 cr | 1.53 | |
| GAIL (India) Ltd. | 1.88% | Gas Transmission/Marketing | ₹45,875 cr | 1.03 | |
| Vedanta Ltd. | 1.87% | Diversified Metals | ₹45,465 cr | 1.00 | |
| Pidilite Industries Ltd. | 1.86% | Specialty Chemicals | ₹45,381 cr | 1.05 | |
| DLF Ltd. | 1.77% | Residential, Commercial Projects | ₹43,095 cr | 1.67 | |
| Adani Energy Solutions Ltd. | 1.76% | Power Distribution | ₹42,771 cr | 1.54 | |
| Wipro Ltd. | 1.76% | Computers - Software & Consulting | ₹42,810 cr | 0.65 | |
| Polycab India Ltd. | 1.76% | Cables - Electricals | ₹42,786 cr | 1.06 | |
| Bank of Baroda | 1.75% | Public Sector Bank | ₹42,653 cr | 1.31 | |
| Adani Green Energy Ltd. | 1.75% | Power Generation | ₹42,726 cr | 1.73 | |
| Jindal Steel Ltd. | 1.72% | Iron & Steel | ₹41,974 cr | 1.13 | |
| Bosch Ltd. | 1.67% | Auto Components & Equipments | ₹40,752 cr | 1.13 | |
| Canara Bank | 1.64% | Public Sector Bank | ₹40,031 cr | 1.38 | |
| Hitachi Energy India Ltd. | 1.60% | Heavy Electrical Equipment | ₹38,861 cr | 0.83 | |
| Punjab National Bank | 1.59% | Public Sector Bank | ₹38,830 cr | 1.28 | |
| LTM Ltd. | 1.54% | Computers - Software & Consulting | ₹37,462 cr | 0.99 | |
| Vodafone Idea Ltd. | 1.46% | Telecom - Cellular & Fixed line services | ₹35,553 cr | 1.29 | |
| ABB India Ltd. | 1.46% | Heavy Electrical Equipment | ₹35,485 cr | 1.01 | |
| Godrej Consumer Products Ltd. | 1.40% | Personal Care | ₹34,059 cr | 0.83 | |
| Union Bank of India | 1.35% | Public Sector Bank | ₹32,950 cr | 1.45 | |
| Siemens Ltd. | 1.35% | Heavy Electrical Equipment | ₹32,835 cr | 1.17 | |
| Muthoot Finance Ltd. | 1.20% | Non Banking Financial Company (NBFC) | ₹29,269 cr | 1.36 | |
| Hyundai Motor India Ltd. | 1.18% | Passenger Cars & Utility Vehicles | ₹28,815 cr | 0.77 | |
| Zydus Lifesciences Ltd. | 1.18% | Pharmaceuticals | ₹28,718 cr | 0.63 | |
| Siemens Energy India Ltd. | 1.16% | Heavy Electrical Equipment | ₹28,221 cr | 0.72 | |
| Hindustan Zinc Ltd. | 1.11% | Zinc | ₹27,143 cr | 1.20 | |
| Ambuja Cements Ltd. | 0.95% | Cement & Cement Products | ₹23,253 cr | 1.58 | |
| Tata Capital Ltd. | 0.74% | Non Banking Financial Company (NBFC) | ₹17,979 cr | – | |
| Indian Railway Finance Corporation Ltd. | 0.73% | Financial Institution | ₹17,716 cr | 1.33 | |
| Mazagoan Dock Shipbuilders Ltd. | 0.66% | Ship Building & Allied Services | ₹16,008 cr | 1.45 |
How concentrated
Month-ends from Jan 2008: share of the index in its largest members, %.
How to read it. The ten largest held 34% at the end of Sept 2026, against 57% in Jan 2008.
How concentrated. Line chart, Jan 2008 to Sept 2026. Largest 10: latest 34%, range 31% to 57%. Largest 5: latest 20%, range 16% to 37%. Largest 1: latest 5%, range 4% to 9%.
Membership changes by month, from NSE's monthly weightage files, latest first. A renamed company (a new symbol for the same equity) is not counted as a change.
| Month | Came in | Went out |
|---|---|---|
| Sept 2026 | Hitachi Energy India Ltd., Polycab India Ltd., Vedanta Aluminium Metal Ltd., Vodafone Idea Ltd., Wipro Ltd. | Indian Hotels Co. Ltd., Lodha Developers Ltd., REC Ltd., Shree Cement Ltd., United Spirits Ltd. |
| Mar 2026 | Cummins India Ltd., HDFC Asset Management Company Ltd., Muthoot Finance Ltd., Tata Capital Ltd., Tata Motors Ltd., Union Bank of India | Bajaj Housing Finance Ltd., Havells India Ltd., ICICI Lombard General Insurance Company Ltd., Info Edge (India) Ltd., JSW Energy Ltd., Life Insurance Corporation of India |
| Sept 2025 | Hindustan Zinc Ltd., Mazagoan Dock Shipbuilders Ltd., Siemens Energy India Ltd., Solar Industries India Ltd. | Dabur India Ltd., ICICI Prudential Life Insurance Company Ltd., InterGlobe Aviation Ltd., Swiggy Ltd. |
| Mar 2025 | Bajaj Housing Finance Ltd., Bharat Petroleum Corporation Ltd., Britannia Industries Ltd., CG Power and Industrial Solutions Ltd., Hyundai Motor India Ltd., Indian Hotels Co. Ltd., Swiggy Ltd. | Adani Total Gas Ltd., Bharat Heavy Electricals Ltd., Indian Railway Catering And Tourism Corporation Ltd., Jio Financial Services Ltd., NHPC Ltd., Union Bank of India, Zomato Ltd. |
| Sept 2024 | Bharat Heavy Electricals Ltd., Divi's Laboratories Ltd., JSW Energy Ltd., LTIMindtree Ltd., Macrotech Developers Ltd., NHPC Ltd., Union Bank of India | Berger Paints India Ltd., Bharat Electronics Ltd., Colgate Palmolive (India) Ltd., Marico Ltd., SBI Cards and Payment Services Ltd., SRF Ltd., Trent Ltd. |
| Mar 2024 | Adani Power Ltd., Indian Railway Finance Corporation Ltd., Jio Financial Services Ltd., Power Finance Corporation Ltd., REC Ltd. | Adani Wilmar Ltd., Muthoot Finance Ltd., PI Industries Ltd., Procter & Gamble Hygiene & Health Care Ltd., Shriram Finance Ltd. |
| Sept 2023 | Punjab National Bank, Shriram Finance Ltd., TVS Motor Company Ltd., Trent Ltd., Zydus Lifesciences Ltd. | ACC Ltd., FSN E-Commerce Ventures Ltd., HDFC Asset Management Company Ltd., Indus Towers Ltd., Page Industries Ltd. |
| Jul 2023 | Jindal Steel & Power Ltd. | LTIMindtree Ltd. |
| Mar 2023 | ABB India Ltd., Adani Wilmar Ltd., Canara Bank, Page Industries Ltd., Varun Beverages Ltd. | Bandhan Bank Ltd., Biocon Ltd., Gland Pharma Ltd., MphasiS Ltd., One 97 Communications Ltd. |
| Dec 2022 | LTIMindtree Ltd. | Larsen & Toubro Infotech Ltd. |
| Sept 2022 | Adani Total Gas Ltd., Bharat Electronics Ltd., Hindustan Aeronautics Ltd., Indian Railway Catering And Tourism Corporation Ltd., MphasiS Ltd., Samvardhana Motherson International Ltd., Shree Cement Ltd. | Adani Enterprises Ltd., Jubilant Foodworks Ltd., Lupin Ltd., MindTree Ltd., Punjab National Bank, Steel Authority of India Ltd., Zydus Lifesciences Ltd. |
| Aug 2022 | Life Insurance Corporation of India, Tata Power Co. Ltd. | NMDC Ltd., Piramal Enterprises Ltd. |
| Mar 2022 | FSN E-Commerce Ventures Ltd., Indian Oil Corporation Ltd., MindTree Ltd., One 97 Communications Ltd., SRF Ltd., Zomato Ltd. | Apollo Hospitals Enterprise Ltd., Aurobindo Pharma Ltd., Hindustan Petroleum Corporation Ltd., Indraprastha Gas Ltd., Jindal Steel & Power Ltd., Yes Bank Ltd. |
| Sept 2021 | Bank of Baroda, Cholamandalam Investment and Finance Company Ltd., Jindal Steel & Power Ltd., PI Industries Ltd., Steel Authority of India Ltd. | Abbott India Ltd., Alkem Laboratories Ltd., MRF Ltd., Petronet LNG Ltd., United Breweries Ltd. |
| Jun 2021 | Gland Pharma Ltd. | Motherson Sumi Systems Ltd. |
| Mar 2021 | Adani Enterprises Ltd., Apollo Hospitals Enterprise Ltd., GAIL (India) Ltd., Jubilant Foodworks Ltd., MRF Ltd., Vedanta Ltd., Yes Bank Ltd. | Bank of Baroda, Container Corporation of India Ltd., General Insurance Corporation of India, Hindustan Zinc Ltd., Oracle Financial Services Software Ltd., Power Finance Corporation Ltd., Tata Consumer Products Ltd. |
| Dec 2020 | Indus Towers Ltd. | Bharti Infratel Ltd. |
| Nov 2020 | ACC Ltd. | – |
| Sept 2020 | Adani Green Energy Ltd., Alkem Laboratories Ltd., Bharti Infratel Ltd., Larsen & Toubro Infotech Ltd., Tata Consumer Products Ltd. | ACC Ltd., Divi's Laboratories Ltd., NHPC Ltd., Page Industries Ltd., SBI Life Insurance Company Ltd., Shriram Transport Finance Co. Ltd. |
| Jul 2020 | SBI Cards and Payment Services Ltd. | HDFC Life Insurance Company Ltd. |
| Jun 2020 | Abbott India Ltd., Indraprastha Gas Ltd., Info Edge (India) Ltd., Muthoot Finance Ltd., Torrent Pharmaceuticals Ltd. | Ashok Leyland Ltd., Indiabulls Housing Finance Ltd., L&T Finance Holdings Ltd., The New India Assurance Company Ltd., Vodafone Idea Ltd. |
| Mar 2020 | Adani Transmission Ltd. | Shree Cement Ltd. |
| Sept 2019 | Berger Paints India Ltd., Indiabulls Housing Finance Ltd., Power Finance Corporation Ltd., Punjab National Bank | ABB India Ltd., Bharat Heavy Electricals Ltd., MRF Ltd., Steel Authority of India Ltd. |
| Mar 2019 | Bajaj Holdings & Investment Ltd., Divi's Laboratories Ltd., HDFC Asset Management Company Ltd., Hindustan Petroleum Corporation Ltd., Page Industries Ltd., United Breweries Ltd. | Aditya Birla Capital Ltd., Bharat Electronics Ltd., Britannia Industries Ltd., LIC Housing Finance Ltd., Oil India Ltd., Sun TV Network Ltd. |
NSE's constituent list for Nifty Next 50, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| ABB India Ltd. | Capital Goods | ABB | |
| Adani Energy Solutions Ltd. | Power | ADANIENSOL | |
| Adani Green Energy Ltd. | Power | ADANIGREEN | |
| Adani Power Ltd. | Power | ADANIPOWER | |
| Ambuja Cements Ltd. | Construction Materials | AMBUJACEM | |
| Avenue Supermarts Ltd. | Consumer Services | DMART | |
| Bajaj Holdings & Investment Ltd. | Financial Services | BAJAJHLDNG | |
| Bank of Baroda | Financial Services | BANKBARODA | |
| Bharat Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | BPCL | |
| Bosch Ltd. | Automobile and Auto Components | BOSCHLTD | |
| Britannia Industries Ltd. | Fast Moving Consumer Goods | BRITANNIA | |
| CG Power and Industrial Solutions Ltd. | Capital Goods | CGPOWER | |
| Canara Bank | Financial Services | CANBK | |
| Cholamandalam Investment and Finance Company Ltd. | Financial Services | CHOLAFIN | |
| Cummins India Ltd. | Capital Goods | CUMMINSIND | |
| DLF Ltd. | Realty | DLF | |
| Divi's Laboratories Ltd. | Healthcare | DIVISLAB | |
| GAIL (India) Ltd. | Oil Gas & Consumable Fuels | GAIL | |
| Godrej Consumer Products Ltd. | Fast Moving Consumer Goods | GODREJCP | |
| HDFC Asset Management Company Ltd. | Financial Services | HDFCAMC | |
| Hindustan Aeronautics Ltd. | Capital Goods | HAL | |
| Hindustan Zinc Ltd. | Metals & Mining | HINDZINC | |
| Hitachi Energy India Ltd. | Capital Goods | POWERINDIA | |
| Hyundai Motor India Ltd. | Automobile and Auto Components | HYUNDAI | |
| Indian Oil Corporation Ltd. | Oil Gas & Consumable Fuels | IOC | |
| Indian Railway Finance Corporation Ltd. | Financial Services | IRFC | |
| Jindal Steel Ltd. | Metals & Mining | JINDALSTEL | |
| LTM Ltd. | Information Technology | LTM | |
| Mazagoan Dock Shipbuilders Ltd. | Capital Goods | MAZDOCK | |
| Muthoot Finance Ltd. | Financial Services | MUTHOOTFIN | |
| Pidilite Industries Ltd. | Chemicals | PIDILITIND | |
| Polycab India Ltd. | Capital Goods | POLYCAB | |
| Power Finance Corporation Ltd. | Financial Services | PFC | |
| Punjab National Bank | Financial Services | PNB | |
| Samvardhana Motherson International Ltd. | Automobile and Auto Components | MOTHERSON | |
| Siemens Energy India Ltd. | Capital Goods | ENRIN | |
| Siemens Ltd. | Capital Goods | SIEMENS | |
| Solar Industries India Ltd. | Chemicals | SOLARINDS | |
| TVS Motor Company Ltd. | Automobile and Auto Components | TVSMOTOR | |
| Tata Capital Ltd. | Financial Services | TATACAP | |
| Tata Motors Ltd. | Capital Goods | TMCV | |
| Tata Power Co. Ltd. | Power | TATAPOWER | |
| Torrent Pharmaceuticals Ltd. | Healthcare | TORNTPHARM | |
| Union Bank of India | Financial Services | UNIONBANK | |
| Varun Beverages Ltd. | Fast Moving Consumer Goods | VBL | |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | VAML | |
| Vedanta Ltd. | Metals & Mining | VEDL | |
| Vodafone Idea Ltd. | Telecommunication | IDEA | |
| Wipro Ltd. | Information Technology | WIPRO | |
| Zydus Lifesciences Ltd. | Healthcare | ZYDUSLIFE |
Models and ETFs
3 of the Tipsheet models hold Nifty Next 50 today. 12 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.
| Model | Weight in Nifty Next 50 today |
|---|---|
| Defensive asset allocation (DAA) | 50% |
| Protective asset allocation (PAA2) | 7% |
| Ensemble: equal weight of models | 3% |
| Bold asset allocation (BAA-G4) | 0% |
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 |
|---|---|---|---|---|---|---|---|
| Nippon India ETF Nifty Next 50 Junior BeES | JUNIORBEES | 0.15% | ₹8,729 cr | −0.35 pts | 1.11% | ₹24.7 cr | |
| SBI Nifty Next 50 ETF | SETFNN50 | 0.10% | ₹3,017 cr | −0.38 pts | 3.60% | ₹2.0 cr | |
| ICICI Prudential Nifty Next 50 ETF | NEXT50IETF | 0.09% | ₹2,688 cr | −0.39 pts | 1.20% | ₹5.1 cr | |
| UTI Nifty Next 50 Exchange Traded Fund | NEXT50BETA | 0.13% | ₹2,303 cr | −0.71 pts | 3.50% | ₹0.9 cr | |
| Mirae Asset Nifty Next 50 ETF | NEXT50 | 0.05% | ₹1,436 cr | −0.56 pts | 1.27% | ₹2.1 cr | |
| HDFC NIFTY NEXT 50 ETF - Growth Option | HDFCNEXT50 | 0.17% | ₹196 cr | −0.75 pts | 2.16% | ₹1.1 cr | |
| Aditya Birla Sunlife Nifty Next 50 ETF | ABSLNN50ET | 0.08% | ₹74.4 cr | −0.36 pts | 3.12% | ₹0.1 cr | |
| MOTILAL OSWAL NIFTY NEXT 50 ETF | MONEXT50 | 0.18% | ₹21.7 cr | −0.97 pts | 3.83% | ₹0.0 cr | |
| Kotak Nifty Next 50 ETF | NEXT50ETF | 0.06% | ₹20.1 cr | – | 4.78% | ₹0.1 cr | |
| DSP Nifty Next 50 ETF | NEXT50ADD | 0.17% | ₹9.2 cr | – | 21.32% | ₹0.0 cr | |
| Groww Nifty Next 50 ETF | GROWWNXT50 | 0.30% | ₹9.0 cr | +0.20 pts | 4.68% | ₹0.0 cr | |
| Edelweiss Nifty Next 50 ETF | ENEXT50 | 0.07% | ₹8.2 cr | – | – | ₹0.0 cr |
Data and sources
Nifty Next 50 is computed and published by NSE Indices. History here starts 8 Nov 2002; NSE launched the index on 24 Dec 1996, from a base date of November 04, 1996. 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 Next 50 there to download its full series.
- Nifty Next 50 on niftyindices.com: description and methodology
- NSE's monthly factsheet (PDF)
- Current constituents (CSV)
- Monthly market capitalisation, weightage and beta (NSE monthly reports)
- 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.