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SectoralParent: Nifty MidSmallcap 400

Nifty MidSmall Financial Services

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

Compare with Nifty MidSmallcap 400Backtest Hero?

Launch date: 03-08-2022. 80.4% 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 MidSmall Financial Services and Nifty MidSmallcap 400 on the same 5,351 observed dates, 01-04-2005 – 28-10-2026.

CAGR
16.7%BT
Nifty MidSmallcap 400: 16.1%
Annualized volatility
24.7%BT
Nifty MidSmallcap 400: 20.8%
Max drawdown
-71.6%BT
Nifty MidSmallcap 400: -73.8%
Sharpe
0.56BT
Nifty MidSmallcap 400: 0.60
Sortino
0.77BT
Nifty MidSmallcap 400: 0.80
Median rolling 5Y CAGR
16.7%BT
Nifty MidSmallcap 400: 16.0%

Drawdown and recovery

Full history of Nifty MidSmall Financial Services, 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
-12.7%
High on 26-08-2026
Gain needed to recover
14.5%
From the latest close back to the high
Time below high
2m
Since the last high
Worst decline
-71.6%
02-01-2008 to 09-03-2009; recovered 09-08-2010 (2y 7m after the high)BT
Longest time below a high
5y 5m
08-01-2018 to 07-06-2023BT
Time spent below a high
91.8%
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 year28.8%17.5%-63.3%173.0%5,094
3 years14.3%18.3%-21.9%55.2%4,580
5 years9.1%16.7%-7.6%36.3%4,106
7 years0.0%14.5%1.4%29.8%3,606
10 years0.0%13.9%4.0%25.3%2,862

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

Versus Nifty MidSmallcap 400

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
106.8%
Average of 162 months Nifty MidSmallcap 400 rose
Downside capture
104.4%
Average of 96 months Nifty MidSmallcap 400 fell; lower is better
Months ahead
52.7%
Beat Nifty MidSmallcap 400 in this share of 258 months
Longest stretch behind
13y 10m
Relative wealth below its high, 07-01-2013 to still behind

Now 36.5% behind its best point relative to Nifty MidSmallcap 400, for 13y 10m. Relative wealth was below an earlier peak on 97.9% of shared trading days.

Backtest Hero? · vs its own history

03-08-2022 – 28-10-2026 · 4 years 2 months 25 days. Compared with 3,252 equal-length periods from the pre-launch backtest. Difference in CAGR versus Nifty MidSmallcap 400: +9.4 pp.
Open full analysis
CAGR
26.1%
Historical percentile 88.1median 15.3%
Volatility
20.2%
Historical percentile 26.1median 22.5%
Max drawdown
-19.9%
Historical percentile 100.0median -38.5%
Sharpe
1.03
Historical percentile 89.6median 0.55

Growth of 100

On 5,351 shared dates from 01-04-2005: 100 became 2,821 vs 2,506 in Nifty MidSmallcap 400. 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 MidSmall Financial Services vs Nifty MidSmallcap 400; 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 MidSmall Financial ServicesNifty MidSmallcap 400Difference
2026 (YTD)-2.6%-2.5%
0.0 pp
2025+31.5%+1.8%
+29.8 pp
2024+22.7%+25.5%
-2.8 pp
2023+49.4%+46.2%
+3.2 pp
2022+10.8%+1.9%
+8.9 pp
2021+16.6%+52.6%
-36.0 pp
2020-5.1%+25.9%
-31.0 pp
2019-6.1%-2.0%
-4.1 pp
2018-15.4%-17.3%
+1.9 pp
2017+53.7%+56.6%
-3.0 pp
2016+9.0%+4.8%
+4.1 pp
2015-1.8%+10.3%
-12.1 pp
2014+66.0%+65.5%
+0.5 pp
2013-12.7%-2.9%
-9.8 pp
2012+68.6%+44.6%
+24.0 pp
2011-26.5%-32.4%
+5.9 pp
2010+40.5%+19.3%
+21.2 pp
2009+108.8%+115.0%
-6.2 pp
2008-59.7%-66.2%
+6.5 pp
2007+106.8%+84.3%
+22.6 pp
2006+23.3%+29.8%
-6.5 pp
2005 (partial)+38.8%+47.2%
-8.4 pp