Nifty 500 beats S&P 500, other leading global indices over 10 years: Motilal Oswal

During this time, Nifty Energy was the best performing sectoral index, with total returns of 17.8 percent.

Over the past 10 years, India's broadest index the Nifty 500 has outperformed most of the world’s leading indices except the US' Nasdaq 100, a study by Motilal Oswal has found.

During the December 31, 2013 to December 31, 2023 period, the tech-heavy Nasdaq 100 gave returns of around 21.5 percent in Indian rupee terms. The Nifty 500 gave 16 percent, cinching the second spot.

In comparison, the S&P 500, MSCI Emerging Markets, and MSCI EAFE (Developed Markets ex-US) had growth rates of 15.4 percent, 6.1 percent, and 7.9 percent, respectively.

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Pratik Oswal, Head of Passive Funds, Motilal Oswal AMC, said, "The Nifty 500 Index stands out as an optimal choice, providing extensive exposure to Indian equities with over 90 percent market capitalization coverage. The index has demonstrated a tendency to outperform the Nifty 50 during bullish market phases, while also offering a degree of resilience against downturns, particularly in comparison to mid and small-caps.”

However, when compared to domestic indices, energy topped the chart with 17.8 percent growth followed by financial services and IT generating at 17.2 percent and 16.3 percent, respectively.

Among large, mid and smallcaps, the Nifty midcap 100 index gave the highest return of 20.3 percent followed by Nifty smallcap 100 at 17.3 percent.

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