Broad MarketBenchmark: Nifty 500

Nifty MidSmallcap 400

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

Launch date: 01-04-2016. 51.0% 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 MidSmallcap 400 and Nifty 500 on the same 5,351 observed dates, 01-04-2005 – 28-10-2026.

CAGR: 16.1%BT; Nifty 500: 13.6%
Annualized volatility: 20.8%BT; Nifty 500: 20.1%
Max drawdown: -73.8%BT; Nifty 500: -63.7%
Sharpe: 0.60BT; Nifty 500: 0.50
Sortino: 0.80BT; Nifty 500: 0.69
Median rolling 5Y CAGR: 16.0%BT; Nifty 500: 13.4%

Drawdown and recovery

Full history of Nifty MidSmallcap 400, 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

-9.6%

High on 28-08-2026

Gain needed to recover

10.6%

From the latest close back to the high

Time below high

Since the last high

Worst decline

-73.8%

07-01-2008 to 09-03-2009; recovered 20-05-2014 (6y 4m after the high)BT

Longest time below a high

6y 4m

07-01-2008 to 20-05-2014BT

Time spent below a high

89.5%

5 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 for	Lost money	Median CAGR	Worst CAGR	Best CAGR	Windows
1 year	26.3%	12.3%	-68.0%	174.2%	5,094
3 years	11.9%	17.9%	-16.8%	42.1%	4,580
5 years	1.7%	16.0%	-3.6%	37.8%	4,106
7 years	0.0%	15.5%	3.7%	26.2%	3,606
10 years	0.0%	16.2%	5.8%	22.9%	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

116.1%

Average of 162 months Nifty 500 rose

Downside capture

112.8%

Average of 96 months Nifty 500 fell; lower is better

Months ahead

57.4%

Beat Nifty 500 in this share of 258 months

Longest stretch behind

7y 6m

Relative wealth below its high, 02-01-2008 to 14-07-2015

Now 3.0% behind its best point relative to Nifty 500, for 2m. Relative wealth was below an earlier peak on 96.7% of shared trading days.

Backtest Hero? · vs its own history

28-10-2021 – 28-10-2026 · 5 years. Compared with 1,493 equal-length periods from the pre-launch backtest.

Open full analysis

CAGR

13.7%

Historical percentile 63.9median 11.8%

Volatility

17.2%

Historical percentile 21.9median 24.0%

Max drawdown

-22.6%

Historical percentile 100.0median -62.4%

Sharpe

0.56

Historical percentile 69.3median 0.44

Growth of 100

On 5,351 shared dates from 01-04-2005: 100 became 2,506 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 MidSmallcap 400 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.

Year	Nifty MidSmallcap 400	Nifty 500	Difference
2026 (YTD)	-2.5%	-8.2%	+5.7 pp
2025	+1.8%	+7.8%	-6.0 pp
2024	+25.5%	+16.2%	+9.2 pp
2023	+46.2%	+26.9%	+19.3 pp
2022	+1.9%	+4.2%	-2.4 pp
2021	+52.6%	+31.6%	+21.0 pp
2020	+25.9%	+17.9%	+8.0 pp
2019	-2.0%	+9.0%	-11.0 pp
2018	-17.3%	-2.1%	-15.2 pp
2017	+56.6%	+37.7%	+19.0 pp
2016	+4.8%	+5.1%	-0.3 pp
2015	+10.3%	+0.2%	+10.0 pp
2014	+65.5%	+39.3%	+26.2 pp
2013	-2.9%	+4.8%	-7.8 pp
2012	+44.6%	+33.5%	+11.1 pp
2011	-32.4%	-26.4%	-6.0 pp
2010	+19.3%	+15.3%	+4.0 pp
2009	+115.0%	+91.0%	+24.0 pp
2008	-66.2%	-56.5%	-9.6 pp
2007	+84.3%	+64.6%	+19.7 pp
2006	+29.8%	+36.2%	-6.3 pp
2005 (partial)	+47.2%	+38.5%	+8.8 pp