Markets
Nifty Smallcap 250
Nifty Smallcap 250 is an NSE broad market index of 251 stocks. Since 2005 it has compounded 15.6% a year with dividends reinvested; over the past year it rose 6.0%. Its deepest fall was 76%, from Jan 2008 to Mar 2009, and it took 6.4 years from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty Smallcap 250. Data to 14 Oct 2026.
- Trend
- Uptrend since Apr 2026
- Momentum
- 19th of 133 markets, by rank
- Below its high
- 3.7% total return
- P/E
- 34.4 91st percentile since 2021
- 1 year
- +6.0% total return
- 5 years
- 13.2% a year
- 10 years
- 14.3% a year
- Since 2005
- 15.6% a year
- Volatility
- 17.3% past year; usual 19%
NSE launched Nifty Smallcap 250 in Apr 2016. 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 1.3 percentage points a year. Returns over more than a year are a year, compounded.
Nifty Smallcap 250: 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 | −2.7% | −2.8% | 0.0 pts | |
| 3 months | −0.5% | −0.8% | +0.3 pts | |
| 6 months | +14.1% | +13.7% | +0.4 pts | |
| This year | +7.4% | +6.9% | +0.5 pts | |
| 1 year | +6.0% | +5.4% | +0.6 pts | |
| 3 years, a year | +13.5% | +12.9% | +0.7 pts | |
| 5 years, a year | +13.2% | +12.4% | +0.8 pts | |
| 10 years, a year | +14.3% | +13.4% | +0.9 pts | |
| 15 years, a year | +15.4% | +14.3% | +1.1 pts | |
| 20 years, a year | +13.1% | +11.9% | +1.2 pts | |
| Since Apr 2005, a year | +15.6% | +14.3% | +1.3 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 Smallcap 250: 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 | +7.4% | +6.9% | +0.5 pts | −15.4% | |
| 2025 | −5.5% | −6.0% | +0.5 pts | −23.5% | |
| 2024 | +27.2% | +26.4% | +0.8 pts | −12.4% | |
| 2023 | +49.1% | +48.1% | +1.0 pts | −10.9% | |
| 2022 | −2.6% | −3.7% | +1.0 pts | −26.6% | |
| 2021 | +63.3% | +61.9% | +1.4 pts | −9.2% | |
| 2020 | +26.5% | +25.1% | +1.4 pts | −43.5% | |
| 2019 | −7.3% | −8.3% | +1.0 pts | −21.4% | |
| 2018 | −26.2% | −26.8% | +0.7 pts | −35.7% | |
| 2017 | +58.5% | +57.3% | +1.2 pts | −8.0% | |
| 2016 | +1.4% | +0.4% | +1.0 pts | −22.5% | |
| 2015 | +11.3% | +10.2% | +1.1 pts | −14.8% | |
| 2014 | +71.7% | +69.6% | +2.1 pts | −8.6% | |
| 2013 | −6.4% | −8.1% | +1.7 pts | −31.5% | |
| 2012 | +40.4% | +38.2% | +2.2 pts | −13.9% | |
| 2011 | −35.1% | −36.0% | +1.0 pts | −36.3% | |
| 2010 | +17.6% | +16.3% | +1.4 pts | −20.1% | |
| 2009 | +117.4% | +113.9% | +3.5 pts | −24.9% | |
| 2008 | −68.6% | −69.1% | +0.5 pts | −72.8% | |
| 2007 | +97.4% | +95.0% | +2.5 pts | −16.9% | |
| 2006 | +32.9% | +31.0% | +1.8 pts | −37.7% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 76%, took 14 months to reach bottom and 5.2 years more to climb back. Today it is 3.7% below its high.
Nifty Smallcap 250: 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 |
|---|---|---|---|---|---|---|
| −75.6% | 2 Jan 2008 | 9 Mar 2009 | 14 months | 5.2 years | 5 Jun 2014 | 6.4 years |
| −59.8% | 15 Jan 2018 | 24 Mar 2020 | 2.2 years | 13 months | 3 May 2021 | 3.3 years |
| −37.7% | 10 May 2006 | 14 Jun 2006 | 35 days | 7 months | 4 Jan 2007 | 8 months |
| −26.6% | 17 Jan 2022 | 20 Jun 2022 | 5 months | 12 months | 15 Jun 2023 | 17 months |
| −26.0% | 23 Sept 2024 | 3 Mar 2025 | 5 months | 18 months | 26 Aug 2026 | 23 months |
| −23.3% | 5 Aug 2015 | 29 Feb 2016 | 7 months | 4 months | 4 Jul 2016 | 11 months |
| −18.2% | 19 Sept 2005 | 28 Oct 2005 | 39 days | 2 months | 2 Jan 2006 | 3 months |
| −16.8% | 7 Feb 2007 | 7 Mar 2007 | 28 days | 3 months | 28 May 2007 | 4 months |
| −15.8% | 24 Oct 2016 | 21 Nov 2016 | 28 days | 3 months | 6 Feb 2017 | 3 months |
| −13.7% | 13 Apr 2015 | 12 Jun 2015 | 2 months | 53 days | 4 Aug 2015 | 4 months |
What holding it was like
From every day in its history, what holding Nifty Smallcap 250 for a fixed span would have returned a year. Over five years the middle outcome was 14.0% a year; the worst −6.2% and the best 40.1%; 7% 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 | −69.7% | −18.9% | +10.1% | +77.7% | +175.4% | 34% | 21.5 |
| 3 years | −17.5% | −5.3% | +16.9% | +30.6% | +44.7% | 17% | 7.2 |
| 5 years | −6.2% | +1.2% | +14.0% | +25.6% | +40.1% | 7% | 4.3 |
| 7 years | +1.8% | +6.6% | +13.4% | +18.5% | +24.3% | 0% | 3.1 |
| 10 years | +2.6% | +8.3% | +14.6% | +18.2% | +21.8% | 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 (+14.6% a year).
| Started in January | Months | Put in | Worth now | Multiple | Return a year (XIRR) | More |
|---|---|---|---|---|---|---|
| 2025 | 22 | ₹2,20,000 | ₹2,38,819 | 1.09× | +9.3% | |
| 2024 | 34 | ₹3,40,000 | ₹3,71,136 | 1.09× | +6.3% | |
| 2023 | 46 | ₹4,60,000 | ₹5,80,166 | 1.26× | +12.4% | |
| 2022 | 58 | ₹5,80,000 | ₹8,18,835 | 1.41× | +14.5% | |
| 2021 | 70 | ₹7,00,000 | ₹11,01,687 | 1.57× | +15.7% | |
| 2020 | 82 | ₹8,20,000 | ₹16,14,804 | 1.97× | +19.8% | |
| 2019 | 94 | ₹9,40,000 | ₹20,72,103 | 2.20× | +19.9% | |
| 2018 | 106 | ₹10,60,000 | ₹24,51,714 | 2.31× | +18.5% | |
| 2017 | 118 | ₹11,80,000 | ₹28,48,005 | 2.41× | +17.3% | |
| 2016 | 130 | ₹13,00,000 | ₹33,68,665 | 2.59× | +16.8% | |
| 2015 | 142 | ₹14,20,000 | ₹39,10,973 | 2.75× | +16.2% | |
| 2014 | 154 | ₹15,40,000 | ₹46,60,489 | 3.03× | +16.1% | |
| 2013 | 166 | ₹16,60,000 | ₹57,47,426 | 3.46× | +16.6% | |
| 2012 | 178 | ₹17,80,000 | ₹68,04,098 | 3.82× | +16.6% | |
| 2011 | 190 | ₹19,00,000 | ₹77,75,042 | 4.09× | +16.2% | |
| 2010 | 202 | ₹20,20,000 | ₹86,72,215 | 4.29× | +15.6% | |
| 2009 | 214 | ₹21,40,000 | ₹1,02,88,223 | 4.81× | +15.7% | |
| 2008 | 226 | ₹22,60,000 | ₹1,15,11,713 | 5.09× | +15.3% | |
| 2007 | 238 | ₹23,80,000 | ₹1,26,47,953 | 5.31× | +14.9% | |
| 2006 | 250 | ₹25,00,000 | ₹1,42,00,576 | 5.68× | +14.6% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 17.3%, against a usual 19.0% for this index. 61% of months ended higher, and 198 days moved 3% or more either way.
Nifty Smallcap 250: 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 |
|---|---|
| 23 Mar 2020 | −12.4% |
| 21 Jan 2008 | −11.7% |
| 24 Aug 2015 | −9.2% |
| 22 Jan 2008 | −8.8% |
| 12 Mar 2020 | −8.8% |
| Best days | Return |
|---|---|
| 20 May 2009 | +9.0% |
| 18 May 2009 | +8.5% |
| 23 Jan 2008 | +7.3% |
| 28 Oct 2008 | +7.3% |
| 19 May 2014 | +6.1% |
| Worst months | Return |
|---|---|
| Mar 2020 | −33.4% |
| Oct 2008 | −32.1% |
| Jan 2008 | −22.8% |
| Sept 2008 | −18.8% |
| Sept 2018 | −16.6% |
| Best months | Return |
|---|---|
| May 2009 | +48.6% |
| May 2014 | +21.5% |
| Dec 2007 | +19.0% |
| Apr 2009 | +18.8% |
| Apr 2026 | +17.1% |
Valuation
NSE's own price-to-earnings, price-to-book and dividend yield, at each month-end since Apr 2016. Today's P/E of 34.4 is near the top of its range since NSE moved to consolidated earnings in March 2021. Price to book, 3.43, is in the middle of its range over the full history.
Price to earnings
Month-ends, as NSE publishes them. 11 month-ends above 101 are left out (highest 44,692): 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, Apr 2016 to Oct 2026. Price to earnings: latest 34.4×, range 16.9× to 99.5×.
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, Apr 2016 to Oct 2026. Price to book: latest 3.43×, range 1.20× to 4.57×.
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 | 34.38 | 56 | 59 | 91 | 33.58 | 16.94 | 44,692.09 |
| Price to book | 3.43 | 65 | 63 | – | 2.99 | 1.20 | 4.57 |
| Dividend yield, % | 0.75 | 31 | 33 | – | 0.89 | 0.37 | 1.93 |
What it holds
251 stocks as NSE lists them today. The ten largest make up 12.7% of the index. It is weighted by free float market capitalization 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 19 items. Weight, %: highest Financial Services at 19.5%, lowest Textiles at 0.7%.
NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.
| Largest holdings | Weight | |
|---|---|---|
| 1 | Sona BLW Precision Forgings Ltd. | 1.67% |
| 2 | Welspun Corp Ltd. | 1.59% |
| 3 | Karur Vysya Bank Ltd. | 1.37% |
| 4 | Navin Fluorine International Ltd. | 1.36% |
| 5 | Ather Energy Ltd. | 1.21% |
| 6 | Sterlite Technologies Ltd. | 1.19% |
| 7 | RBL Bank Ltd. | 1.12% |
| 8 | Delhivery Ltd. | 1.10% |
| 9 | Redington Ltd. | 1.08% |
| 10 | HFCL Ltd. | 1.04% |
NSE's constituent list for Nifty Smallcap 250, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| ACC Ltd. | Construction Materials | ACC | |
| ACME Solar Holdings Ltd. | Power | ACMESOLAR | |
| AWL Agri Business Ltd. | Fast Moving Consumer Goods | AWL | |
| Aadhar Housing Finance Ltd. | Financial Services | AADHARHFC | |
| Aarti Industries Ltd. | Chemicals | AARTIIND | |
| Aavas Financiers Ltd. | Financial Services | AAVAS | |
| Action Construction Equipment Ltd. | Capital Goods | ACE | |
| Acutaas Chemicals Ltd. | Healthcare | ACUTAAS | |
| Aditya Birla Real Estate Ltd. | Realty | ABREL | |
| Aditya Birla Sun Life AMC Ltd. | Financial Services | ABSLAMC | |
| Aditya Infotech Ltd. | Capital Goods | CPPLUS | |
| Aegis Logistics Ltd. | Oil Gas & Consumable Fuels | AEGISLOG | |
| Aegis Vopak Terminals Ltd. | Oil Gas & Consumable Fuels | AEGISVOPAK | |
| Aether Industries Ltd. | Chemicals | AETHER | |
| Afcons Infrastructure Ltd. | Construction | AFCONS | |
| Affle 3i Ltd. | Information Technology | AFFLE | |
| Allied Blenders and Distillers Ltd. | Fast Moving Consumer Goods | ABDL | |
| Amara Raja Energy & Mobility Ltd. | Automobile and Auto Components | ARE&M | |
| Amber Enterprises India Ltd. | Consumer Durables | AMBER | |
| Anand Rathi Wealth Ltd. | Financial Services | ANANDRATHI | |
| Anant Raj Ltd. | Realty | ANANTRAJ | |
| Angel One Ltd. | Financial Services | ANGELONE | |
| Anupam Rasayan India Ltd. | Chemicals | ANURAS | |
| Apollo Tyres Ltd. | Automobile and Auto Components | APOLLOTYRE | |
| Aptus Value Housing Finance India Ltd. | Financial Services | APTUS | |
| Asahi India Glass Ltd. | Automobile and Auto Components | ASAHIINDIA | |
| Ather Energy Ltd. | Automobile and Auto Components | ATHERENERG | |
| Atul Ltd. | Chemicals | ATUL | |
| Avanti Feeds Ltd. | Fast Moving Consumer Goods | AVANTIFEED | |
| Azad Engineering Ltd. | Capital Goods | AZAD | |
| BEML Ltd. | Capital Goods | BEML | |
| BLS International Services Ltd. | Consumer Services | BLS | |
| Bagmane Prime Office REIT | Realty | BAGMANE | |
| Balrampur Chini Mills Ltd. | Fast Moving Consumer Goods | BALRAMCHIN | |
| Bandhan Bank Ltd. | Financial Services | BANDHANBNK | |
| Bata India Ltd. | Consumer Durables | BATAINDIA | |
| Belrise Industries Ltd. | Automobile and Auto Components | BELRISE | |
| Bharat Coking Coal Ltd. | Oil Gas & Consumable Fuels | BHARATCOAL | |
| Birlasoft Ltd. | Information Technology | BSOFT | |
| Black Box Ltd. | Information Technology | BBOX | |
| Brainbees Solutions Ltd. | Consumer Services | FIRSTCRY | |
| Brigade Enterprises Ltd. | Realty | BRIGADE | |
| Brookfield India Real Estate Trust | Realty | BIRET | |
| CCL Products (I) Ltd. | Fast Moving Consumer Goods | CCL | |
| CESC Ltd. | Power | CESC | |
| CIE Automotive India Ltd. | Automobile and Auto Components | CIEINDIA | |
| Can Fin Homes Ltd. | Financial Services | CANFINHOME | |
| Canara HSBC Life Insurance Company Ltd. | Financial Services | CANHLIFE | |
| Caplin Point Laboratories Ltd. | Healthcare | CAPLIPOINT | |
| Capri Global Capital Ltd. | Financial Services | CGCL | |
| Carborundum Universal Ltd. | Capital Goods | CARBORUNIV | |
| Cartrade Tech Ltd. | Consumer Services | CARTRADE | |
| Castrol India Ltd. | Oil Gas & Consumable Fuels | CASTROLIND | |
| Ceat Ltd. | Automobile and Auto Components | CEATLTD | |
| Cemindia Projects Ltd. | Construction | CEMPRO | |
| Central Bank of India | Financial Services | CENTRALBK | |
| Central Depository Services (India) Ltd. | Financial Services | CDSL | |
| Central Mine Planning & Design Institute Ltd. | Services | CMPDI | |
| Chambal Fertilizers & Chemicals Ltd. | Chemicals | CHAMBLFERT | |
| Chennai Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | CHENNPETRO | |
| Choice International Ltd. | Financial Services | CHOICEIN | |
| Cholamandalam Financial Holdings Ltd. | Financial Services | CHOLAHLDNG | |
| City Union Bank Ltd. | Financial Services | CUB | |
| Clean Max Enviro Energy Solutions Ltd. | Power | CLEANMAX | |
| Clean Science and Technology Ltd. | Chemicals | CLEAN | |
| Cohance Lifesciences Ltd. | Healthcare | COHANCE | |
| Computer Age Management Services Ltd. | Financial Services | CAMS | |
| Concord Biotech Ltd. | Healthcare | CONCORDBIO | |
| Craftsman Automation Ltd. | Automobile and Auto Components | CRAFTSMAN | |
| CreditAccess Grameen Ltd. | Financial Services | CREDITACC | |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Durables | CROMPTON | |
| Cupid Ltd. | Fast Moving Consumer Goods | CUPID | |
| Cyient Ltd. | Information Technology | CYIENT | |
| DOMS Industries Ltd. | Fast Moving Consumer Goods | DOMS | |
| Data Patterns (India) Ltd. | Capital Goods | DATAPATTNS | |
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | Chemicals | DEEPAKFERT | |
| Deepak Nitrite Ltd. | Chemicals | DEEPAKNTR | |
| Delhivery Ltd. | Services | DELHIVERY | |
| Devyani International Ltd. | Consumer Services | DEVYANI | |
| Dr. Lal Path Labs Ltd. | Healthcare | LALPATHLAB | |
| Dummy HEG Ltd. | Capital Goods | DUMMYHEG | |
| E.I.D. Parry (India) Ltd. | Fast Moving Consumer Goods | EIDPARRY | |
| EIH Ltd. | Consumer Services | EIHOTEL | |
| Elecon Engineering Co. Ltd. | Capital Goods | ELECON | |
| Elgi Equipments Ltd. | Capital Goods | ELGIEQUIP | |
| Emami Ltd. | Fast Moving Consumer Goods | EMAMILTD | |
| Emcure Pharmaceuticals Ltd. | Healthcare | EMCURE | |
| Emmvee Photovoltaic Power Ltd. | Capital Goods | EMMVEE | |
| Engineers India Ltd. | Construction | ENGINERSIN | |
| Finolex Cables Ltd. | Capital Goods | FINCABLES | |
| Firstsource Solutions Ltd. | Services | FSL | |
| Five-Star Business Finance Ltd. | Financial Services | FIVESTAR | |
| Force Motors Ltd. | Automobile and Auto Components | FORCEMOT | |
| Fractal Analytics Ltd. | Information Technology | FRACTAL | |
| Gabriel India Ltd. | Automobile and Auto Components | GABRIEL | |
| Gallantt Ispat Ltd. | Capital Goods | GALLANTT | |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | GRSE | |
| Gillette India Ltd. | Fast Moving Consumer Goods | GILLETTE | |
| Gland Pharma Ltd. | Healthcare | GLAND | |
| Godawari Power & Ispat Ltd. | Capital Goods | GPIL | |
| Granules India Ltd. | Healthcare | GRANULES | |
| Graphite India Ltd. | Capital Goods | GRAPHITE | |
| Gravita India Ltd. | Metals & Mining | GRAVITA | |
| Great Eastern Shipping Co. Ltd. | Services | GESHIP | |
| Gujarat Mineral Development Corporation Ltd. | Metals & Mining | GMDCLTD | |
| HBL Engineering Ltd. | Capital Goods | HBLENGINE | |
| HEG Advanced Materials Ltd. | Capital Goods | HEGAM | |
| HFCL Ltd. | Telecommunication | HFCL | |
| Himadri Speciality Chemical Ltd. | Chemicals | HSCL | |
| Home First Finance Company India Ltd. | Financial Services | HOMEFIRST | |
| Honasa Consumer Ltd. | Fast Moving Consumer Goods | HONASA | |
| Honeywell Automation India Ltd. | Capital Goods | HONAUT | |
| IDBI Bank Ltd. | Financial Services | IDBI | |
| IFCI Ltd. | Financial Services | IFCI | |
| IIFL Finance Ltd. | Financial Services | IIFL | |
| INOX India Ltd. | Capital Goods | INOXINDIA | |
| IRB Infrastructure Developers Ltd. | Construction | IRB | |
| IRCON International Ltd. | Construction | IRCON | |
| ITI Ltd. | Telecommunication | ITI | |
| India Cements Ltd. | Construction Materials | INDIACEM | |
| Indiamart Intermesh Ltd. | Consumer Services | INDIAMART | |
| Indian Energy Exchange Ltd. | Financial Services | IEX | |
| Indraprastha Gas Ltd. | Oil Gas & Consumable Fuels | IGL | |
| Inox Wind Ltd. | Capital Goods | INOXWIND | |
| Intellect Design Arena Ltd. | Information Technology | INTELLECT | |
| International Gemological Institute Ltd. | Services | IGIL | |
| Inventurus Knowledge Solutions Ltd. | Information Technology | IKS | |
| JBM Auto Ltd. | Automobile and Auto Components | JBMA | |
| JK Tyre & Industries Ltd. | Automobile and Auto Components | JKTYRE | |
| JM Financial Ltd. | Financial Services | JMFINANCIL | |
| JSW Cement Ltd. | Construction Materials | JSWCEMENT | |
| Jain Resource Recycling Ltd. | Metals & Mining | JAINREC | |
| Jaiprakash Power Ventures Ltd. | Power | JPPOWER | |
| Jammu & Kashmir Bank Ltd. | Financial Services | J&KBANK | |
| Jindal Saw Ltd. | Capital Goods | JINDALSAW | |
| Jubilant Ingrevia Ltd. | Chemicals | JUBLINGREA | |
| Jupiter Wagons Ltd. | Capital Goods | JWL | |
| Jyoti CNC Automation Ltd. | Capital Goods | JYOTICNC | |
| KPIT Technologies Ltd. | Information Technology | KPITTECH | |
| KSB Ltd. | Capital Goods | KSB | |
| Kajaria Ceramics Ltd. | Consumer Durables | KAJARIACER | |
| Kalpataru Projects International Ltd. | Construction | KPIL | |
| Karur Vysya Bank Ltd. | Financial Services | KARURVYSYA | |
| Kaynes Technology India Ltd. | Capital Goods | KAYNES | |
| Kec International Ltd. | Construction | KEC | |
| Kfin Technologies Ltd. | Financial Services | KFINTECH | |
| Kirloskar Brothers Ltd. | Capital Goods | KIRLOSBROS | |
| Kirloskar Oil Eng Ltd. | Capital Goods | KIRLOSENG | |
| Krishna Institute of Medical Sciences Ltd. | Healthcare | KIMS | |
| LT Foods Ltd. | Fast Moving Consumer Goods | LTFOODS | |
| Lemon Tree Hotels Ltd. | Consumer Services | LEMONTREE | |
| MMTC Ltd. | Services | MMTC | |
| MTAR Technologies Ltd. | Capital Goods | MTARTECH | |
| Mahanagar Gas Ltd. | Oil Gas & Consumable Fuels | MGL | |
| Manappuram Finance Ltd. | Financial Services | MANAPPURAM | |
| Mangalore Refinery & Petrochemicals Ltd. | Oil Gas & Consumable Fuels | MRPL | |
| Minda Corporation Ltd. | Automobile and Auto Components | MINDACORP | |
| Motherson Sumi Wiring India Ltd. | Automobile and Auto Components | MSUMI | |
| NATCO Pharma Ltd. | Healthcare | NATCOPHARM | |
| NBCC (India) Ltd. | Construction | NBCC | |
| NCC Ltd. | Construction | NCC | |
| NMDC Steel Ltd. | Metals & Mining | NSLNISP | |
| Nava Ltd. | Power | NAVA | |
| Navin Fluorine International Ltd. | Chemicals | NAVINFLUOR | |
| Netweb Technologies India Ltd. | Information Technology | NETWEB | |
| Neuland Laboratories Ltd. | Healthcare | NEULANDLAB | |
| Nuvama Wealth Management Ltd. | Financial Services | NUVAMA | |
| Nuvoco Vistas Corporation Ltd. | Construction Materials | NUVOCO | |
| Ola Electric Mobility Ltd. | Automobile and Auto Components | OLAELEC | |
| Olectra Greentech Ltd. | Automobile and Auto Components | OLECTRA | |
| Onesource Specialty Pharma Ltd. | Healthcare | ONESOURCE | |
| PCBL Chemical Ltd. | Chemicals | PCBL | |
| PG Electroplast Ltd. | Consumer Durables | PGEL | |
| PNB Housing Finance Ltd. | Financial Services | PNBHOUSING | |
| PTC Industries Ltd. | Capital Goods | PTCIL | |
| PVR INOX Ltd. | Media Entertainment & Publication | PVRINOX | |
| Paradeep Phosphates Ltd. | Chemicals | PARADEEP | |
| Physicswallah Ltd. | Consumer Services | PWL | |
| Pine Labs Ltd. | Financial Services | PINELABS | |
| Piramal Pharma Ltd. | Healthcare | PPLPHARMA | |
| Poly Medicure Ltd. | Healthcare | POLYMED | |
| Poonawalla Fincorp Ltd. | Financial Services | POONAWALLA | |
| Prime Focus Ltd. | Media Entertainment & Publication | PFOCUS | |
| Privi Speciality Chemicals Ltd. | Chemicals | PRIVISCL | |
| R R Kabel Ltd. | Capital Goods | RRKABEL | |
| RBL Bank Ltd. | Financial Services | RBLBANK | |
| RHI MAGNESITA INDIA LTD. | Capital Goods | RHIM | |
| RITES Ltd. | Construction | RITES | |
| Railtel Corporation Of India Ltd. | Telecommunication | RAILTEL | |
| Rainbow Childrens Medicare Ltd. | Healthcare | RAINBOW | |
| Ramkrishna Forgings Ltd. | Automobile and Auto Components | RKFORGE | |
| Redington Ltd. | Services | REDINGTON | |
| Reliance Power Ltd. | Power | RPOWER | |
| Rubicon Research Ltd. | Healthcare | RUBICON | |
| SJVN Ltd. | Power | SJVN | |
| SPR Auto Technologies Ltd. | Automobile and Auto Components | SHRIPISTON | |
| Sagility Ltd. | Information Technology | SAGILITY | |
| Sai Life Sciences Ltd. | Healthcare | SAILIFE | |
| Sammaan Capital Ltd. | Financial Services | SAMMAANCAP | |
| Sansera Engineering Ltd. | Automobile and Auto Components | SANSERA | |
| Sarda Energy and Minerals Ltd. | Metals & Mining | SARDAEN | |
| Schneider Electric Infrastructure Ltd. | Capital Goods | SCHNEIDER | |
| Shipping Corporation of India Ltd. | Services | SCI | |
| Shyam Metalics and Energy Ltd. | Capital Goods | SHYAMMETL | |
| Signatureglobal (India) Ltd. | Realty | SIGNATURE | |
| Sobha Ltd. | Realty | SOBHA | |
| Sona BLW Precision Forgings Ltd. | Automobile and Auto Components | SONACOMS | |
| Star Health and Allied Insurance Company Ltd. | Financial Services | STARHEALTH | |
| Sterlite Technologies Ltd. | Telecommunication | STLTECH | |
| Sumitomo Chemical India Ltd. | Chemicals | SUMICHEM | |
| Sun TV Network Ltd. | Media Entertainment & Publication | SUNTV | |
| Swan Corp Ltd. | Chemicals | SWANCORP | |
| Syngene International Ltd. | Healthcare | SYNGENE | |
| Syrma SGS Technology Ltd. | Capital Goods | SYRMA | |
| TBO Tek Ltd. | Consumer Services | TBOTEK | |
| TD Power Systems Ltd. | Capital Goods | TDPOWERSYS | |
| Tata Chemicals Ltd. | Chemicals | TATACHEM | |
| Tata Elxsi Ltd. | Information Technology | TATAELXSI | |
| Tata Technologies Ltd. | Information Technology | TATATECH | |
| Tata Teleservices (Maharashtra) Ltd. | Telecommunication | TTML | |
| Techno Electric & Engineering Company Ltd. | Construction | TECHNOE | |
| Tega Industries Ltd. | Capital Goods | TEGA | |
| Tejas Networks Ltd. | Telecommunication | TEJASNET | |
| Tenneco Clean Air India Ltd. | Automobile and Auto Components | TENNIND | |
| Thangamayil Jewellery Ltd. | Consumer Durables | THANGAMAYL | |
| The New India Assurance Company Ltd. | Financial Services | NIACL | |
| The Ramco Cements Ltd. | Construction Materials | RAMCOCEM | |
| Timken India Ltd. | Capital Goods | TIMKEN | |
| Titagarh Rail Systems Ltd. | Capital Goods | TITAGARH | |
| Transformers And Rectifiers (India) Ltd. | Capital Goods | TARIL | |
| Trident Ltd. | Textiles | TRIDENT | |
| Triveni Turbine Ltd. | Capital Goods | TRITURBINE | |
| UCO Bank | Financial Services | UCOBANK | |
| UTI Asset Management Company Ltd. | Financial Services | UTIAMC | |
| Urban Company Ltd. | Consumer Services | URBANCO | |
| Usha Martin Ltd. | Capital Goods | USHAMART | |
| Vardhman Textiles Ltd. | Textiles | VTL | |
| Vedanta Iron and Steel Ltd. | Metals & Mining | VISL | |
| Vedanta Oil and Gas Ltd. | Oil Gas & Consumable Fuels | VOGL | |
| Vedanta Power Ltd. | Power | VEDPOWER | |
| Vijaya Diagnostic Centre Ltd. | Healthcare | VIJAYA | |
| Welspun Corp Ltd. | Capital Goods | WELCORP | |
| Welspun Living Ltd. | Textiles | WELSPUNLIV | |
| Whirlpool of India Ltd. | Consumer Durables | WHIRLPOOL | |
| Wockhardt Ltd. | Healthcare | WOCKPHARMA | |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile and Auto Components | ZFCVINDIA | |
| Zee Entertainment Enterprises Ltd. | Media Entertainment & Publication | ZEEL | |
| Zen Technologies Ltd. | Capital Goods | ZENTEC | |
| Zensar Technolgies Ltd. | Information Technology | ZENSARTECH | |
| Zydus Wellness Ltd. | Fast Moving Consumer Goods | ZYDUSWELL | |
| eClerx Services Ltd. | Services | ECLERX |
Against the Nifty 50
Smaller companies against the largest: the question for anyone choosing between Nifty Smallcap 250 and the Nifty 50. Over 21 years it beat the Nifty 50 by 2.1 percentage points a year, and was ahead in 10 of 20 calendar years.
Relative strength
Weekly: Nifty Smallcap 250's total return divided by the Nifty 50's, 100 at the start of the range shown.
How to read it. Rising: Nifty Smallcap 250 is outrunning the Nifty 50. Falling: it is lagging. The level means nothing; the direction is the reading.
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Three-year lead or lag
Weekly: Nifty Smallcap 250's return a year over the past three years minus the Nifty 50'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 50'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 50.
| Ahead by, a year | Up capture | Down capture | Beta | Correlation | Tracking error | |
|---|---|---|---|---|---|---|
| Full history, from May 2005 | +2.1 pts | 115 | 115 | 1.17 | 0.84 | 15.8% |
| Last 5 years, from Oct 2021 | +8.1 pts | 138 | 104 | 1.15 | 0.76 | 13.2% |
Models and ETFs
11 of the Tipsheet models hold Nifty Smallcap 250 today. 7 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 Smallcap 250 today |
|---|---|
| Smallcap 250, 200-day rule | 100% |
| Golden butterfly | 21% |
| 1/N, India | 20% |
| Robust trend | 20% |
| 1/N, with global | 17% |
| Endowment-style (Indian approximation) | 11% |
| Trend, India only | 8% |
| Trend, India only (first version, with the Nifty 50) | 8% |
| Trend, with global (first version, with the Nifty 50) | 7% |
| Trend, with global | 7% |
| Adaptive asset allocation | 6% |
| Robust equity momentum | 0% |
| Size rotation (first version, with the Nifty 50) | 0% |
| Size rotation | 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 |
|---|---|---|---|---|---|---|---|
| HDFC NIFTY Smallcap 250 ETF - Growth Option | HDFCSML250 | 0.21% | ₹2,670 cr | −0.07 pts | 1.43% | ₹23.1 cr | |
| Motilal Oswal Nifty Smallcap 250 ETF | MOSMALL250 | 0.27% | ₹254 cr | −0.62 pts | 2.41% | ₹1.7 cr | |
| Mirae Asset Nifty Smallcap 250 ETF | SMALL250 | 0.14% | ₹81.2 cr | – | 2.51% | ₹0.7 cr | |
| Groww Nifty Smallcap250 ETF | GROWWSC250 | 0.30% | ₹16.9 cr | – | 3.89% | ₹0.1 cr | |
| ICICI Prudential Nifty Smallcap 250 ETF | SMALLIETF | 0.21% | ₹9.1 cr | – | – | ₹0.1 cr | |
| SBI Nifty Smallcap 250 ETF | SBISMLETF | 0.21% | ₹8.1 cr | – | – | ₹0.1 cr | |
| DSP Nifty Smallcap 250 ETF | SMALLADD | 0.17% | ₹7.7 cr | – | 6.86% | ₹0.1 cr |
Data and sources
Nifty Smallcap 250 is computed and published by NSE Indices. History here starts 1 Apr 2005; NSE launched the index on 1 Apr 2016, 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 Smallcap 250 there to download its full series.
- Nifty Smallcap 250 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.