Nifty 500 beats key global indices over last 10 years; midcap outperforms smallcap, largecap indices: Motilal Oswal AMC

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Euphoria of mid and small caps will consolidate going ahead, says market expert Notably, in the previous decade (2003-2013), the Nifty 500 index generated a return of about 14 per cent, slightly lagging behind the 15 per cent return of the MSCI Emerging Markets index during the period. Among large, mid and smallcaps, the Nifty Midcap 100 index noted the highest total returns of 20.3 per cent, followed by the Nifty Smallcap 100 (17.3 per cent) and the Nifty 50 index (14.6 per cent) during 2013-2023.

Over the 10 years ending during 2003-2013, the Nifty 50, Nifty Midcap 100 and Nifty Smallcap 100 noted similar total returns ranging between 14-15 per cent, said the AMC. Also Read: Nifty 50 target for March 2025 at 24,800, says ICICI Securities; L&T, BHEL, Zomato, M&M, SBI Life among top picks The study of Motilal Oswal AMC highlighted that the energy, IT, and financial were the best-performing sectors, over the last 10 years as of December 2023.

The energy sector topped the chart with 17.8 per cent growth followed by financial service and IT generating, 17.2 per cent and 16.3 per cent, respectively, in the same period, according to Motilal Oswal AMC. During 2003-2013, FMCG (21.8 per cent), auto (20.1 per cent), and financial services (18.5 per cent) were the top three performing sectors.

It is interesting to note that the major uptick in these sectors was seen during 2008-2013 on account of recovery from the global financial crises, the AMC underscored. Also Read: Is the bull market about to turn into a bubble? Pratik Oswal, Head of Passive Funds, Motilal Oswal AMC underscored that the Nifty 500 index is an optimal choice for investors keen on capitalising on India's robust growth narrative.