Nifty Growth Sectors 15 PE Ratio
Valuation Percentile
Nifty Growth Sectors 15's PB is cheaper than 98% of the last 5 years.
The Nifty Growth Sectors 15 PE ratio is 24.45 as of 1 October 2026, about 25% below its 5-year median of 32.53, which places it in significantly undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 31.66 | -22.77% |
| 10 Years | 32.41 | -24.56% |
| 7 Years | 32.45 | -24.65% |
| 5 Years | 32.53 | -24.84% |
| 3 Years | 31.50 | -22.38% |
| 1 Year | 29.02 | -15.75% |
Historical PE Ratio
Series start. P/E is published from 22 May 2014. Index values go back to 1 Jan 2009.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty Growth Sectors 15 earnings grew +14.48% a year over the last 5 years, while the index moved +5.57% a year and its P/E went from 36.6 to 24.4.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty Growth Sectors 15
1 ETF and 0 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (1)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| HDFC NIFTY GROWTH SECTORS 15 ETF | HDFCGROWTH | 111.98 | - | - | -9.18% |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2014 returned a median of +9.79% (best +75.43%, worst -33.41%).
Today's PE of 24.45 sits in band 1 of 5 of this index's history (PE below 26.5). From this band, 5-year forward returns had a median of +8.61% a year and were positive in 98% of windows (584 windows since 2014).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty Growth Sectors 15. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty Growth Sectors 15
The Nifty Growth Sectors 15 contains 15 constituents. Its largest sectors by weight are Information Technology (33.9%) and Automobile and Auto Components (26.5%).
Recent changes
4 October 2026: Added HCL Technologies Ltd.. Removed Persistent Systems Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Universe
- • The company must be domiciled in India and traded (listed & traded and not listed but permitted to trade) at the National Stock Exchange (NSE) are eligible for inclusion in the Nifty indices • Convertible stock, bonds, warrants, rights, and preferred stock that provide a guaranteed fixed return,
- Selection
- Introduction Nifty Growth Sectors 15 Index is designed to provide investors exposure to the liquid stocks from sectors of market interest.
- Rebalanced
- Quarterly
- Weight cap
- The month over month change in allocation to equity component (Nifty 50 TR, excluding arbitrage component) by asset allocation model at the time of rebalancing is capped at 10%
Summarised from NSE's official methodology document (PDF) for the Nifty Growth Sectors 15; the PDF is authoritative.
Stay Updated
Get weekly market insights and valuation updates delivered to your inbox.
Similar Indices
Frequently Asked Questions
What is the current Nifty Growth Sectors 15 PE ratio?
As of 1 October 2026, the Nifty Growth Sectors 15 PE ratio is 24.45. That is about 25% below its 5-year median of 32.53 and about 16% below its 1-year median of 29.02.
Is the Nifty Growth Sectors 15 undervalued right now?
On a historical basis it screens as significantly undervalued. Its current PE of 24.45 sits below every median window: 1-year (29.02), 3-year (31.50), 5-year (32.53), 7-year (32.45), 10-year (32.41) and full-history (31.66).
What is a normal PE ratio for the Nifty Growth Sectors 15?
Over the past five years its median PE has been 32.53, and over the past three years 31.50. Today's 24.45 is toward the lower end of that historical range.
How many stocks are in the Nifty Growth Sectors 15?
The Nifty Growth Sectors 15 contains 15 stocks. By number of companies, its largest sectors are Automobile and Auto Components (4 stocks), Healthcare (4 stocks) and Information Technology (4 stocks).
What returns has the Nifty Growth Sectors 15 delivered?
As of September 2026, the Nifty Growth Sectors 15 total return (with dividends reinvested) is -7.64% over the past year and +7.46% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty Growth Sectors 15?
Over the year to September 2026, the Nifty Growth Sectors 15 had an annualized volatility (standard deviation of daily returns) of 14.46%. Its beta versus the Nifty 50 is 0.86, meaning it has moved less than the broad market.
What is a typical one-year return for the Nifty Growth Sectors 15?
Across every one-year holding window since 2014, the Nifty Growth Sectors 15 total return has a median of +9.79%, with the best window at +75.43% and the worst at -33.41%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 5-year returns been from PE levels like today's?
The Nifty Growth Sectors 15 currently trades at a PE of 24.45, in band 1 of 5 of its own PE history. Across 584 overlapping 5-year windows since 2014 that began in this band, the median forward return was +8.61% a year, positive in 98% of windows. A past distribution, not a prediction.
How fast have Nifty Growth Sectors 15 earnings grown?
Nifty Growth Sectors 15 earnings, measured as the index level divided by its P/E, grew +14.48% a year over the last 5 years, while the index itself moved +5.57% a year and its P/E fell from 36.65 to 24.45. Past growth, not a forecast.
How often is the Nifty Growth Sectors 15 rebalanced?
The Nifty Growth Sectors 15 is rebalanced quarterly. Details are in the official NSE methodology document.
Last updated: 1 October 2026.