India is undergoing a transformative digital revolution, with the internet at the heart of business models across sectors — from e-commerce and fintech to online travel, entertainment and digital services. This presents a compelling thematic opportunity for investors aiming to benefit from India’s long-term growth in online consumption and digital adoption.
The Nifty India Internet Index captures the growth story of India’s expanding digital economy, focusing on companies that generate a significant portion of their business online.
The Index is designed to track the performance of companies from the Nifty Total Market Index that primarily operate through digital or online platforms.
| Name | Nifty Internet Index |
|---|---|
| Number of Companies | 21 |
| Weighing | Free float market capitalization |
| Stock Capping | Stock weights are capped at 20% |
| Universe | Nifty 100 Index, Nifty Midcap 150 Index, Nifty Small cap 250 and Nifty Microcap 250 Index |
| Index Rebalancing | Semi – Annually |
| Index Launch Date | October 01, 2021 |
| Base Value of Index | 1,000 |
Index Methodology
Nifty India Internet Index provides targeted exposure to companies operating primarily in the internet space, selected from the Nifty Total Market Index — a broad universe of 750 listed stocks across large, mid, small, and micro-cap segments.
The weight of each stock in the index is based on its free-float market capitalization.
The weight of each stock is capped at 20%
The Index is reconstituted semi-annually and rebalanced quarterly.
Stocks forming part of the eligible basic industries shall be eligible to be included from the universe at the time of review
Source: Methodology Document for Equity Indices -NSE
Portfolio and Industry Representation:-
| No. | Company Name | Basic Industry | Wts (%) |
|---|---|---|---|
| 1 | Eternal Ltd. | E-Retail/ E-Commerce | 20.3% |
| 2 | PB Fintech Ltd. | Financial Technology (Fintech) | 16.5% |
| 3 | Info Edge (India) Ltd. | Internet & Catalogue Retail | 15.7% |
| 4 | One 97 Communications Ltd | Financial Technology (Fintech) | 8.6% |
| 5 | FSN E-COMMERCE VENTURES LTD. | E-Retail/ E-Commerce | 7.8% |
| 6 | IRCTC LTD. | Tour Travel Related Services | 6.4% |
| 7 | Angel One Ltd. | Stockbroking & Allied | 5.0% |
| 8 | Swiggy Ltd | E-Retail/ E-Commerce | 3.7% |
| 9 | Motilal Oswal Financial Services Ltd. | Stockbroking & Allied | 3.4% |
| 10 | CARTRADE Tech Ltd. | Internet & Catalogue Retail | 2.0% |
| 11 | Indiamart Intermesh Ltd. | E-Retail/ E-Commerce | 1.8% |
| 12 | Nazara Technologies Ltd. | Digital Entertainment | 1.5% |
| 13 | Brainbees Solutions Ltd. | E-Retail/ E-Commerce | 1.4% |
| 14 | IIFL Capital Services Ltd. | Stockbroking & Allied | 1.0% |
| 15 | TBO Tek Ltd. | Tour Travel Related Services | 1.0% |
| 16 | Infibeam Avenues Ltd. | Financial Technology (Fintech) | 1.0% |
| 17 | Thomas Cook (India) Ltd. | Tour Travel Related Services | 0.8% |
| 18 | Le Travenues Technology Ltd. | Tour Travel Related Services | 0.7% |
| 19 | Easy Trip Planners Ltd. | Tour Travel Related Services | 0.6% |
| 20 | Justdial Ltd. | Internet & Catalogue Retail | 0.6% |
| 21 | Rattanindia Enterprises Ltd. | E-Retail/ E-Commerce | 0.5% |
Performance Comparison
Periodic Performance:-
| Period | NIFTY India Internet Index | NIFTY 500 | Nifty IT |
|---|---|---|---|
| Index | Index | ||
| 3 Years | 22.60% | 18.40% | 10.20% |
| 2 Years | 43.50% | 21.30% | 15.50% |
| 1 Years | 25.90% | 9.00% | 17.50% |
| YTD 2025 | -10.50% | 2.20% | -12.90% |
| 6 Months | -7.50% | 0.90% | -12.50% |
| 3 Months | 14.80% | 14.90% | 0.60% |
| 1 Months | 6.10% | 3.70% | 4.70% |
Calendar Performance :-
| Year | Nifty India Internet Index | Nifty 500 Index | Nifty IT Index |
|---|---|---|---|
| 2022 | -32.30% | 4.30% | -24.50% |
| 2023 | 46.60% | 26.90% | 26.30% |
| 2024 | 62.00% | 16.20% | 24.40% |
Data as on May 30 2025 National Stock Exchange ( Past performance may or may not sustain in future The index return is in Total Return Variant The data shown above pertains to the Index and does not in manner indicate performance of any scheme of the Fund Historical portfolio of the index has been created and rebalanced periodically based on market data present on those concerned historical periods, which is captured by the index portfolio changes and performance metrics No additional performance or portfolio assumptions have been made by the AMC Nifty India Internet Index launch date 28 th Feb 2025
Some key highlights to look at India Internet Space :-
• Digital Decade: With identity, infrastructure, and access aligned, India’s digital economy is entering its monetization phase
• India’s growing consumption to act as a catalyst for its booming internet economy
• From access to adoption—India’s internet economy is now an investible structural growth engine
• India’s Internet Affordability Advantage: Enabler of scale, usage, and commerce
• India’s E-Retail Boom: Unleashing a $190 Billion opportunity by 2030
• India ranks 3rd globally in unicorn count –driven by Internet Economy sectors