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Broad MarketParent: Nifty 500

Nifty Microcap 250

Total Return Index · Available history 01-04-2005 to 28-10-2026 · 5,351 observations

Compare with Nifty 500Backtest Hero?

Launch date: 10-05-2021. 74.6% of this index's trading days are NSE's pre-launch backtest (marked BT, shaded on the charts). Backtests can benefit from hindsight; post-launch index returns are still not fund returns. Source: Curated catalog launch_date (not independently reverified).

BT = Backtested history by NSE— = not enough history

Nifty Microcap 250 and Nifty 500 on the same 5,351 observed dates, 01-04-2005 – 28-10-2026.

CAGR
17.2%BT
Nifty 500: 13.6%
Annualized volatility
23.0%BT
Nifty 500: 20.1%
Max drawdown
-82.0%BT
Nifty 500: -63.7%
Sharpe
0.60BT
Nifty 500: 0.50
Sortino
0.80BT
Nifty 500: 0.69
Median rolling 5Y CAGR
15.5%BT
Nifty 500: 13.4%

Drawdown and recovery

Full history of Nifty Microcap 250, 01-04-2005 – 28-10-2026. A drawdown is the fall from the highest close before it.

BT = Backtested history by NSE— = not enough history

Current drawdown
-9.1%
High on 23-09-2026
Gain needed to recover
10.0%
From the latest close back to the high
Time below high
1m
Since the last high
Worst decline
-82.0%
07-01-2008 to 09-03-2009; recovered 17-11-2014 (6y 10m after the high)BT
Longest time below a high
6y 10m
07-01-2008 to 17-11-2014BT
Time spent below a high
91.0%
7 declines of 20% or more

Outcomes by holding period

Every rolling window in the full history, ending on each trading day. Windows overlap, so this describes the past rather than predicting the future.

BT = Backtested history by NSE— = not enough history

Held forLost moneyMedian CAGRWorst CAGRBest CAGRWindows
1 year33.4%13.0%-75.9%206.3%5,094
3 years23.6%21.3%-24.6%63.1%4,580
5 years11.8%15.5%-11.9%56.1%4,106
7 years1.6%17.7%-2.1%31.7%3,606
10 years0.0%19.0%3.1%29.8%2,862

Lost money: share of windows with a negative annualized return.

Versus Nifty 500

On the shared dates 01-04-2005 – 28-10-2026, using month-end returns for capture.

BT = Backtested history by NSE— = not enough history

Upside capture
134.0%
Average of 162 months Nifty 500 rose
Downside capture
131.1%
Average of 96 months Nifty 500 fell; lower is better
Months ahead
53.1%
Beat Nifty 500 in this share of 258 months
Longest stretch behind
12y 1m
Relative wealth below its high, 01-09-2005 to 10-10-2017

Now 5.9% behind its best point relative to Nifty 500, for 29d. Relative wealth was below an earlier peak on 97.5% of shared trading days.

Backtest Hero? · vs its own history

28-10-2021 – 28-10-2026 · 5 years. Compared with 2,755 equal-length periods from the pre-launch backtest.
Open full analysis
CAGR
19.9%
Historical percentile 73.8median 13.3%
Volatility
21.0%
Historical percentile 56.2median 20.4%
Max drawdown
-28.1%
Historical percentile 94.0median -50.6%
Sharpe
0.75
Historical percentile 72.6median 0.48

Growth of 100

On 5,351 shared dates from 01-04-2005: 100 became 3,052 vs 1,554 in Nifty 500. Shaded: backtested history before launch.

Drawdown

Percentage decline from the previous peak.

Rolling 3Y CAGR

Calendar-anniversary rolling annualized return. Shared input history starts 01-04-2005; the first plotted rolling-return observation is 04-04-2008, after a complete 3Y-year window.

Rolling 1-year volatility

Up to 252 daily observations, minimum 126, annualized. First plotted observation: 30-09-2005.

Calendar-year returns

Nifty Microcap 250 vs Nifty 500; the difference is in percentage points (pp). Incomplete historical years are labeled (partial); the ongoing year is labeled (YTD). Hover a year for its actual dates.
YearNifty Microcap 250Nifty 500Difference
2026 (YTD)+8.5%-8.2%
+16.7 pp
2025-9.5%+7.8%
-17.3 pp
2024+34.7%+16.2%
+18.5 pp
2023+67.4%+26.9%
+40.4 pp
2022+9.7%+4.2%
+5.4 pp
2021+77.9%+31.6%
+46.3 pp
2020+38.4%+17.9%
+20.5 pp
2019-23.5%+9.0%
-32.5 pp
2018-27.1%-2.1%
-25.0 pp
2017+75.6%+37.7%
+38.0 pp
2016+3.8%+5.1%
-1.3 pp
2015+25.9%+0.2%
+25.7 pp
2014+105.7%+39.3%
+66.4 pp
2013-5.2%+4.8%
-10.0 pp
2012+44.0%+33.5%
+10.5 pp
2011-40.7%-26.4%
-14.3 pp
2010+13.2%+15.3%
-2.1 pp
2009+121.6%+91.0%
+30.7 pp
2008-74.9%-56.5%
-18.3 pp
2007+113.9%+64.6%
+49.3 pp
2006+14.9%+36.2%
-21.3 pp
2005 (partial)+54.9%+38.5%
+16.4 pp