Markets
Nifty500 Multicap Infrastructure 50:30:20
Nifty500 Multicap Infrastructure 50:30:20 is an NSE theme index of 75 stocks. Since 2005 it has compounded 14.3% a year with dividends reinvested; over the past year it fell 2.6%. Its deepest fall was 69%, from Jan 2008 to Oct 2008, and it took 8.7 years from that high to a new one.
Written for anyone who holds, tracks or is thinking of buying Nifty500 Multicap Infrastructure 50:30:20. Data to 14 Oct 2026.
- Trend
- Downtrend since Sep 2026
- Momentum
- 108th of 133 markets, by rank
- Below its high
- 9.1% total return
- P/E
- 25.2 67th percentile
- 1 year
- −2.6% total return
- 5 years
- 12.7% a year
- 10 years
- 14.2% a year
- Since 2005
- 14.3% a year
- Volatility
- 15.9% past year; usual 18%
NSE launched Nifty500 Multicap Infrastructure 50:30:20 in Mar 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 1.4 percentage points a year. Returns over more than a year are a year, compounded.
Nifty500 Multicap Infrastructure 50:30:20: 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 | −5.0% | −5.0% | 0.0 pts | |
| 3 months | −7.1% | −7.4% | +0.2 pts | |
| 6 months | −0.4% | −0.9% | +0.5 pts | |
| This year | −5.8% | −6.4% | +0.6 pts | |
| 1 year | −2.6% | −3.4% | +0.7 pts | |
| 3 years, a year | +11.7% | +10.9% | +0.8 pts | |
| 5 years, a year | +12.7% | +11.7% | +1.0 pts | |
| 10 years, a year | +14.2% | +12.9% | +1.3 pts | |
| 15 years, a year | +13.6% | +12.2% | +1.4 pts | |
| 20 years, a year | +11.1% | +9.8% | +1.3 pts | |
| Since Apr 2005, a year | +14.3% | +12.9% | +1.4 pts |
Year by year
16 of the 20 full calendar years since 2006 ended higher. 16 of them had a fall of 10% or more from a peak somewhere inside the year, so even good years are rarely smooth.
Nifty500 Multicap Infrastructure 50:30:20: 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 | −5.8% | −6.4% | +0.6 pts | −13.7% | |
| 2025 | +6.6% | +5.8% | +0.8 pts | −15.6% | |
| 2024 | +21.0% | +20.1% | +0.8 pts | −12.9% | |
| 2023 | +41.3% | +40.3% | +1.0 pts | −6.2% | |
| 2022 | +9.2% | +7.8% | +1.4 pts | −18.5% | |
| 2021 | +46.4% | +44.3% | +2.1 pts | −9.1% | |
| 2020 | +16.9% | +14.9% | +2.0 pts | −39.2% | |
| 2019 | +1.0% | −0.5% | +1.4 pts | −14.7% | |
| 2018 | −13.7% | −15.0% | +1.3 pts | −23.6% | |
| 2017 | +45.1% | +43.5% | +1.6 pts | −6.2% | |
| 2016 | +7.2% | +5.9% | +1.3 pts | −16.4% | |
| 2015 | +0.8% | −0.5% | +1.3 pts | −15.7% | |
| 2014 | +54.1% | +52.2% | +2.0 pts | −8.6% | |
| 2013 | −3.6% | −5.3% | +1.6 pts | −27.1% | |
| 2012 | +26.7% | +24.8% | +1.9 pts | −22.4% | |
| 2011 | −36.4% | −37.2% | +0.8 pts | −38.0% | |
| 2010 | +2.4% | +1.2% | +1.2 pts | −14.3% | |
| 2009 | +89.5% | +87.2% | +2.3 pts | −19.7% | |
| 2008 | −61.9% | −62.4% | +0.5 pts | −69.3% | |
| 2007 | +94.5% | +92.4% | +2.1 pts | −15.8% | |
| 2006 | +57.1% | +55.2% | +1.9 pts | −33.0% |
The falls
Every fall of 10% or more from a high, deepest first. The worst, 69%, took 10 months to reach bottom and 7.9 years more to climb back. Today it is 9.1% below its high.
Nifty500 Multicap Infrastructure 50:30:20: 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 |
|---|---|---|---|---|---|---|
| −69.3% | 7 Jan 2008 | 27 Oct 2008 | 10 months | 7.9 years | 5 Oct 2016 | 8.7 years |
| −44.9% | 8 Jan 2018 | 23 Mar 2020 | 2.2 years | 9 months | 16 Dec 2020 | 2.9 years |
| −33.0% | 10 May 2006 | 14 Jun 2006 | 35 days | 5 months | 3 Nov 2006 | 6 months |
| −22.4% | 27 Sept 2024 | 28 Feb 2025 | 5 months | +17% off the low | not yet | 20 months since the low |
| −18.5% | 17 Jan 2022 | 20 Jun 2022 | 5 months | 3 months | 6 Sept 2022 | 8 months |
| −15.8% | 6 Feb 2007 | 5 Mar 2007 | 27 days | 51 days | 25 Apr 2007 | 3 months |
| −12.9% | 4 Oct 2005 | 28 Oct 2005 | 24 days | 29 days | 26 Nov 2005 | 53 days |
| −12.4% | 25 Oct 2016 | 21 Nov 2016 | 27 days | 3 months | 6 Feb 2017 | 3 months |
| −11.3% | 23 Jul 2007 | 21 Aug 2007 | 29 days | 28 days | 18 Sept 2007 | 57 days |
What holding it was like
From every day in its history, what holding Nifty500 Multicap Infrastructure 50:30:20 for a fixed span would have returned a year. Over five years the middle outcome was 12.1% a year; the worst −10.1% and the best 36.7%; 10% 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 | −65.2% | −14.7% | +10.0% | +64.8% | +120.6% | 31% | 21.5 |
| 3 years | −15.1% | −5.9% | +14.0% | +29.2% | +52.2% | 20% | 7.2 |
| 5 years | −10.1% | −0.1% | +12.1% | +24.8% | +36.7% | 10% | 4.3 |
| 7 years | −2.4% | +3.6% | +11.6% | +18.5% | +21.3% | 1% | 3.1 |
| 10 years | +1.1% | +5.1% | +12.4% | +17.2% | +20.7% | 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 (+12.7% a year).
| Started in January | Months | Put in | Worth now | Multiple | Return a year (XIRR) | More |
|---|---|---|---|---|---|---|
| 2025 | 22 | ₹2,20,000 | ₹2,17,342 | 0.99× | −1.3% | |
| 2024 | 34 | ₹3,40,000 | ₹3,39,358 | 1.00× | −0.1% | |
| 2023 | 46 | ₹4,60,000 | ₹5,27,849 | 1.15× | +7.3% | |
| 2022 | 58 | ₹5,80,000 | ₹7,49,107 | 1.29× | +10.7% | |
| 2021 | 70 | ₹7,00,000 | ₹10,15,890 | 1.45× | +12.9% | |
| 2020 | 82 | ₹8,20,000 | ₹14,40,785 | 1.76× | +16.4% | |
| 2019 | 94 | ₹9,40,000 | ₹18,32,513 | 1.95× | +16.8% | |
| 2018 | 106 | ₹10,60,000 | ₹22,03,024 | 2.08× | +16.1% | |
| 2017 | 118 | ₹11,80,000 | ₹26,01,926 | 2.21× | +15.5% | |
| 2016 | 130 | ₹13,00,000 | ₹31,11,655 | 2.39× | +15.4% | |
| 2015 | 142 | ₹14,20,000 | ₹36,30,302 | 2.56× | +15.0% | |
| 2014 | 154 | ₹15,40,000 | ₹42,79,248 | 2.78× | +14.9% | |
| 2013 | 166 | ₹16,60,000 | ₹51,56,909 | 3.11× | +15.2% | |
| 2012 | 178 | ₹17,80,000 | ₹60,24,411 | 3.38× | +15.1% | |
| 2011 | 190 | ₹19,00,000 | ₹67,81,798 | 3.57× | +14.7% | |
| 2010 | 202 | ₹20,20,000 | ₹74,24,241 | 3.68× | +14.1% | |
| 2009 | 214 | ₹21,40,000 | ₹83,41,533 | 3.90× | +13.8% | |
| 2008 | 226 | ₹22,60,000 | ₹91,37,648 | 4.04× | +13.3% | |
| 2007 | 238 | ₹23,80,000 | ₹99,09,149 | 4.16× | +12.9% | |
| 2006 | 250 | ₹25,00,000 | ₹1,10,41,486 | 4.42× | +12.7% |
How bumpy
Volatility is how widely daily returns swing, scaled to a year. Over the past year it was 15.9%, against a usual 18.4% for this index. 59% of months ended higher, and 206 days moved 3% or more either way.
Nifty500 Multicap Infrastructure 50:30:20: 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 | −12.7% |
| 24 Oct 2008 | −11.9% |
| 21 Jan 2008 | −11.9% |
| 4 Jun 2024 | −9.8% |
| 22 Jan 2008 | −8.3% |
| Best days | Return |
|---|---|
| 18 May 2009 | +16.2% |
| 23 Jan 2008 | +8.4% |
| 28 Oct 2008 | +7.1% |
| 25 Jan 2008 | +7.0% |
| 14 Feb 2008 | +6.7% |
| Worst months | Return |
|---|---|
| Oct 2008 | −30.6% |
| Mar 2020 | −25.9% |
| Jan 2008 | −22.0% |
| Jun 2008 | −19.9% |
| Jan 2011 | −13.7% |
| Best months | Return |
|---|---|
| May 2009 | +44.0% |
| May 2014 | +20.5% |
| Oct 2007 | +18.8% |
| Apr 2009 | +17.1% |
| Jan 2012 | +16.4% |
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 25.2 is in the middle of its range since NSE moved to consolidated earnings in March 2021. Price to book, 2.97, 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 25.2×, range 24.5× to 25.5×.
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, Aug 2026 to Oct 2026. Price to book: latest 2.97×, range 2.97× to 3.16×.
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 | 25.15 | 67 | – | – | 25.15 | 24.48 | 25.53 |
| Price to book | 2.97 | 33 | – | – | 3.02 | 2.97 | 3.16 |
| Dividend yield, % | 1.17 | 100 | – | – | 0.84 | 0.83 | 1.17 |
What it holds
75 stocks as NSE lists them today. The ten largest make up 44.0% of the index. It is weighted by periodic capped free float mcap 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 11 items. Weight, %: highest Oil, Gas & Consumable Fuels at 17.4%, lowest Consumer Services at 2.6%.
NSE's factsheet, 30 Sept 2026. NSE publishes the weights of the ten largest members only.
| Largest holdings | Weight | |
|---|---|---|
| 1 | Reliance Industries Ltd. | 9.89% |
| 2 | Bharti Airtel Ltd. | 9.72% |
| 3 | Larsen & Toubro Ltd. | 8.01% |
| 4 | NTPC Ltd. | 2.79% |
| 5 | Adani Ports and Special Economic Zone Ltd. | 2.56% |
| 6 | UltraTech Cement Ltd. | 2.36% |
| 7 | Indian Hotels Co. Ltd. | 2.29% |
| 8 | Bharat Heavy Electricals Ltd. | 2.16% |
| 9 | Power Grid Corporation of India Ltd. | 2.15% |
| 10 | Grasim Industries Ltd. | 2.10% |
NSE's constituent list for Nifty500 Multicap Infrastructure 50:30:20, as seen on 14 Oct 2026. NSE changes members at each rebalance.
| Member | Industry | NSE symbol | More |
|---|---|---|---|
| Adani Ports and Special Economic Zone Ltd. | Services | ADANIPORTS | |
| Adani Power Ltd. | Power | ADANIPOWER | |
| Aditya Birla Real Estate Ltd. | Realty | ABREL | |
| Aegis Logistics Ltd. | Oil Gas & Consumable Fuels | AEGISLOG | |
| Amara Raja Energy & Mobility Ltd. | Automobile and Auto Components | ARE&M | |
| Apollo Hospitals Enterprise Ltd. | Healthcare | APOLLOHOSP | |
| Apollo Tyres Ltd. | Automobile and Auto Components | APOLLOTYRE | |
| Asahi India Glass Ltd. | Automobile and Auto Components | ASAHIINDIA | |
| Ashok Leyland Ltd. | Capital Goods | ASHOKLEY | |
| BEML Ltd. | Capital Goods | BEML | |
| 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 | |
| Brigade Enterprises Ltd. | Realty | BRIGADE | |
| CESC Ltd. | Power | CESC | |
| Castrol India Ltd. | Oil Gas & Consumable Fuels | CASTROLIND | |
| Cochin Shipyard Ltd. | Capital Goods | COCHINSHIP | |
| Container Corporation of India Ltd. | Services | CONCOR | |
| Craftsman Automation Ltd. | Automobile and Auto Components | CRAFTSMAN | |
| Delhivery Ltd. | Services | DELHIVERY | |
| EIH Ltd. | Consumer Services | EIHOTEL | |
| Elgi Equipments Ltd. | Capital Goods | ELGIEQUIP | |
| Fortis Healthcare Ltd. | Healthcare | FORTIS | |
| GE Vernova T&D India Ltd. | Capital Goods | GVT&D | |
| GMR Airports Ltd. | Services | GMRAIRPORT | |
| Godrej Properties Ltd. | Realty | GODREJPROP | |
| Grasim Industries Ltd. | Construction Materials | GRASIM | |
| Great Eastern Shipping Co. Ltd. | Services | GESHIP | |
| HFCL Ltd. | Telecommunication | HFCL | |
| Hindustan Petroleum Corporation Ltd. | Oil Gas & Consumable Fuels | HINDPETRO | |
| Indian Hotels Co. Ltd. | Consumer Services | INDHOTEL | |
| Indraprastha Gas Ltd. | Oil Gas & Consumable Fuels | IGL | |
| Indus Towers Ltd. | Telecommunication | INDUSTOWER | |
| Inox Wind Ltd. | Capital Goods | INOXWIND | |
| InterGlobe Aviation Ltd. | Services | INDIGO | |
| JSW Energy Ltd. | Power | JSWENERGY | |
| Jaiprakash Power Ventures Ltd. | Power | JPPOWER | |
| Jyoti CNC Automation Ltd. | Capital Goods | JYOTICNC | |
| Kalpataru Projects International Ltd. | Construction | KPIL | |
| Kaynes Technology India Ltd. | Capital Goods | KAYNES | |
| Kec International Ltd. | Construction | KEC | |
| Kirloskar Oil Eng Ltd. | Capital Goods | KIRLOSENG | |
| Krishna Institute of Medical Sciences Ltd. | Healthcare | KIMS | |
| Larsen & Toubro Ltd. | Construction | LT | |
| Lodha Developers Ltd. | Realty | LODHA | |
| Mahanagar Gas Ltd. | Oil Gas & Consumable Fuels | MGL | |
| Max Healthcare Institute Ltd. | Healthcare | MAXHEALTH | |
| Motherson Sumi Wiring India Ltd. | Automobile and Auto Components | MSUMI | |
| NBCC (India) Ltd. | Construction | NBCC | |
| NHPC Ltd. | Power | NHPC | |
| NTPC Ltd. | Power | NTPC | |
| Oberoi Realty Ltd. | Realty | OBEROIRLTY | |
| Oil & Natural Gas Corporation Ltd. | Oil Gas & Consumable Fuels | ONGC | |
| Oil India Ltd. | Oil Gas & Consumable Fuels | OIL | |
| Petronet LNG Ltd. | Oil Gas & Consumable Fuels | PETRONET | |
| Phoenix Mills Ltd. | Realty | PHOENIXLTD | |
| Power Grid Corporation of India Ltd. | Power | POWERGRID | |
| Prestige Estates Projects Ltd. | Realty | PRESTIGE | |
| Rail Vikas Nigam Ltd. | Construction | RVNL | |
| Reliance Industries Ltd. | Oil Gas & Consumable Fuels | RELIANCE | |
| Reliance Power Ltd. | Power | RPOWER | |
| Sansera Engineering Ltd. | Automobile and Auto Components | SANSERA | |
| Shree Cement Ltd. | Construction Materials | SHREECEM | |
| Sona BLW Precision Forgings Ltd. | Automobile and Auto Components | SONACOMS | |
| Sterlite Technologies Ltd. | Telecommunication | STLTECH | |
| Suzlon Energy Ltd. | Capital Goods | SUZLON | |
| TD Power Systems Ltd. | Capital Goods | TDPOWERSYS | |
| Tata Power Co. Ltd. | Power | TATAPOWER | |
| The Ramco Cements Ltd. | Construction Materials | RAMCOCEM | |
| Titagarh Rail Systems Ltd. | Capital Goods | TITAGARH | |
| Tube Investments of India Ltd. | Automobile and Auto Components | TIINDIA | |
| UNO Minda Ltd. | Automobile and Auto Components | UNOMINDA | |
| UltraTech Cement Ltd. | Construction Materials | ULTRACEMCO | |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile and Auto Components | ZFCVINDIA |
Against the Nifty 500
How Nifty500 Multicap Infrastructure 50:30:20 has done against the broad market it is part of. Over 21 years it beat the Nifty 500 by 0.4 percentage points a year, and was ahead in 10 of 20 calendar years.
Relative strength
Weekly: Nifty500 Multicap Infrastructure 50:30:20's total return divided by the Nifty 500's, 100 at the start of the range shown.
How to read it. Rising: Nifty500 Multicap Infrastructure 50:30:20 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: Nifty500 Multicap Infrastructure 50:30:20'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 | +0.4 pts | 109 | 112 | 1.13 | 0.96 | 7.6% |
| Last 5 years, from Oct 2021 | +5.2 pts | 118 | 98 | 1.11 | 0.96 | 5.3% |
Models and ETFs
No Tipsheet model uses Nifty500 Multicap Infrastructure 50:30:20. No ETF listed on NSE tracks it. Its trend and momentum have a page of their own.
Nifty500 Multicap Infrastructure 50:30:20: trend and momentum →
Data and sources
Nifty500 Multicap Infrastructure 50:30:20 is computed and published by NSE Indices. History here starts 1 Apr 2005; NSE launched the index on 6 Mar 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 Nifty500 Multicap Infrastructure 50:30:20 there to download its full series.
- Nifty500 Multicap Infrastructure 50:30:20 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.