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Equal WeightParent: Nifty 50

Nifty Top 20 Equal Weight

Total Return Index · Available history 02-03-2006 to 28-10-2026 · 5,121 observations

Compare with Nifty 50Backtest Hero?

Launch date: 22-10-2024. 90.2% 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 Top 20 Equal Weight and Nifty 50 on the same 5,121 observed dates, 02-03-2006 – 28-10-2026.

CAGR
12.4%BT
Nifty 50: 11.4%
Annualized volatility
21.4%BT
Nifty 50: 20.8%
Max drawdown
-56.8%BT
Nifty 50: -59.5%
Sharpe
0.44BT
Nifty 50: 0.40
Sortino
0.62BT
Nifty 50: 0.56
Median rolling 5Y CAGR
13.3%BT
Nifty 50: 12.8%

Drawdown and recovery

Full history of Nifty Top 20 Equal Weight, 02-03-2006 – 28-10-2026. A drawdown is the fall from the highest close before it.

BT = Backtested history by NSE— = not enough history

Current drawdown
-12.3%
High on 05-12-2025
Gain needed to recover
14.1%
From the latest close back to the high
Time below high
11m
Since the last high
Worst decline
-56.8%
09-01-2008 to 09-03-2009; recovered 13-07-2010 (2y 6m after the high)BT
Longest time below a high
2y 6m
09-01-2008 to 13-07-2010BT
Time spent below a high
90.5%
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 forLost moneyMedian CAGRWorst CAGRBest CAGRWindows
1 year19.5%13.0%-53.9%115.7%4,866
3 years1.1%13.4%-4.8%35.2%4,358
5 years0.2%13.3%-1.8%28.7%3,874
7 years0.0%12.4%5.7%20.5%3,375
10 years0.0%12.9%5.3%18.1%2,635

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

Versus Nifty 50

On the shared dates 02-03-2006 – 28-10-2026, using month-end returns for capture.

BT = Backtested history by NSE— = not enough history

Upside capture
103.7%
Average of 147 months Nifty 50 rose
Downside capture
100.3%
Average of 100 months Nifty 50 fell; lower is better
Months ahead
50.2%
Beat Nifty 50 in this share of 247 months
Longest stretch behind
7y 5m
Relative wealth below its high, 06-05-2015 to 22-09-2022

Now 1.7% behind its best point relative to Nifty 50, for 1y 9m. Relative wealth was below an earlier peak on 98.0% of shared trading days.

Backtest Hero? · vs its own history

22-10-2024 – 28-10-2026 · 2 years 6 days. Compared with 4,114 equal-length periods from the pre-launch backtest. Difference in CAGR versus Nifty 50: +0.4 pp.
Open full analysis
CAGR
-2.2%
Historical percentile 6.5median 12.9%
Volatility
13.4%
Historical percentile 16.0median 17.6%
Max drawdown
-16.0%
Historical percentile 53.3median -20.6%
Sharpe
-0.47
Historical percentile 0.4median 0.53

Growth of 100

On 5,121 shared dates from 02-03-2006: 100 became 1,121 vs 925 in Nifty 50. Shaded: backtested history before launch.

Drawdown

Percentage decline from the previous peak.

Rolling 3Y CAGR

Calendar-anniversary rolling annualized return. Shared input history starts 02-03-2006; the first plotted rolling-return observation is 06-03-2009, after a complete 3Y-year window.

Rolling 1-year volatility

Up to 252 daily observations, minimum 126, annualized. First plotted observation: 01-09-2006.

Calendar-year returns

Nifty Top 20 Equal Weight vs Nifty 50; 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 Top 20 Equal WeightNifty 50Difference
2026 (YTD)-11.9%-12.3%
+0.4 pp
2025+11.9%+11.9%
0.0 pp
2024+12.0%+10.1%
+1.9 pp
2023+22.4%+21.3%
+1.1 pp
2022+12.0%+5.7%
+6.4 pp
2021+21.5%+25.6%
-4.1 pp
2020+18.5%+16.1%
+2.4 pp
2019+13.8%+13.5%
+0.3 pp
2018+3.2%+4.6%
-1.4 pp
2017+29.9%+30.3%
-0.4 pp
2016+4.1%+4.4%
-0.3 pp
2015-4.7%-3.0%
-1.7 pp
2014+36.0%+32.9%
+3.1 pp
2013+9.4%+8.1%
+1.3 pp
2012+30.5%+29.4%
+1.1 pp
2011-24.4%-23.8%
-0.6 pp
2010+19.6%+19.2%
+0.4 pp
2009+85.3%+77.6%
+7.7 pp
2008-47.3%-51.3%
+4.0 pp
2007+56.5%+56.8%
-0.3 pp
2006 (partial)+26.8%+27.6%
-0.8 pp