Indian mutual fund returns in dollars
What each kind of Indian mutual fund returned in US dollars and UAE dirhams, after the rupee's fall, next to its return in rupees.
3.5%
Rupee's fall against the dollar, a year, over 10 years
9.1%
Nifty 50 a year in dollars over 10 years (12.8% in rupees)
AED = $
The dirham is pegged at 3.6725 to the dollar, so dirham returns equal dollar returns
Indian shares: the index
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| Nifty 50 | 10.1% | 5.7% | 8.2% | 3.2% | 12.8% | 9.1% |
| Nifty 500 | 12.0% | 7.6% | 9.9% | 4.9% | 13.6% | 9.8% |
Equity funds: category average
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| Large Cap40 funds | 12.4% | 8.0% | 9.7% | 4.7% | 13.0% | 9.2% |
| Large and Mid Cap36 funds | 14.9% | 10.4% | 12.5% | 7.4% | 15.1% | 11.3% |
| Flexi Cap59 funds | 13.6% | 9.1% | 11.2% | 6.2% | 14.5% | 10.6% |
| Multi Cap33 funds | 15.8% | 11.2% | 14.0% | 8.8% | N/A | N/A |
| Mid Cap34 funds | 16.4% | 11.7% | 14.8% | 9.6% | 16.6% | 12.7% |
| Small Cap36 funds | 15.3% | 10.7% | 15.6% | 10.4% | 18.0% | 14.0% |
| Focused28 funds | 14.1% | 9.6% | 11.2% | 6.2% | 14.4% | 10.5% |
| Value23 funds | 14.1% | 9.6% | 13.0% | 7.9% | 14.3% | 10.5% |
| ELSS Tax Saving41 funds | 12.5% | 8.0% | 10.7% | 5.7% | 13.9% | 10.1% |
| Large Cap Index40 funds | 9.6% | 5.2% | 7.8% | 2.9% | 12.4% | 8.6% |
Hybrid funds: category average
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| Aggressive Hybrid35 funds | 12.4% | 8.0% | 10.5% | 5.5% | 12.5% | 8.8% |
| Balanced Advantage42 funds | 10.5% | 6.1% | 9.6% | 4.7% | 10.9% | 7.1% |
| Multi Asset Allocation58 funds | 15.0% | 10.5% | 12.5% | 7.4% | N/A | N/A |
Debt funds: category average
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| Short Duration26 funds | 7.3% | 3.1% | 6.7% | 1.9% | 6.9% | 3.3% |
| Corporate Bond21 funds | 7.2% | 2.9% | 6.3% | 1.5% | 7.0% | 3.4% |
| Gilt25 funds | 6.4% | 2.2% | 5.7% | 0.9% | 6.7% | 3.1% |
| Liquid44 funds | 6.9% | 2.6% | 6.4% | 1.5% | 6.0% | 2.5% |
Gold: category average
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| Gold23 funds | 31.4% | 26.2% | 23.7% | 18.1% | 16.0% | 12.1% |
Funds investing abroad: category average
| Return a year | 3 years | 5 years | 10 years | |||
|---|---|---|---|---|---|---|
| ₹ | $ / AED | ₹ | $ / AED | ₹ | $ / AED | |
| US Equity9 funds | 22.8% | 18.0% | 13.5% | 8.3% | 18.7% | 14.7% |
| International44 funds | 25.0% | 20.0% | 13.8% | 8.6% | 14.5% | 10.7% |
Returns to 6 Nov 2026, a year, compounded. Category figures are the equal-weighted average of every Direct Growth fund in the category, from each fund's own daily NAV; index figures include dividends reinvested. Dollar figures divide each day's value by that day's rupees per US dollar, from the US Federal Reserve (FRED DEXINUS). Past performance does not indicate future returns.
See any fund in dollars
The rolling returns tool shows any fund's return over every period, in rupees or in dollars and dirhams, against its category and index.
Open rolling returns in $ / AEDHow do I work out an Indian mutual fund's return in dollars?
Divide the fund's NAV on each date by that day's rupees per US dollar, then measure the return on those dollar prices. Over a period, the dollar return is roughly the rupee return minus the rupee's fall: (1 + rupee return) divided by (1 + rupee fall), minus 1. The rolling returns tool does this for any fund, every day.
Are returns in UAE dirhams the same as in US dollars?
Yes. The UAE dirham has been pegged to the US dollar at 3.6725 since 1997, so a return measured in dirhams is the same as in dollars.
How much has the rupee fallen against the dollar?
About 3.5% a year over the last 10 years and 4.8% a year over the last 5 years, to 6 Nov 2026, on US Federal Reserve rates.
What have Indian mutual funds returned in dollars after the rupee's fall?
Over the last 10 years the Nifty 50 returned 12.8% a year in rupees and 9.1% a year in dollars, with dividends reinvested; over 5 years, 8.2% and 3.2%. Debt funds earn close to the rupee's fall, so in dollars the debt categories returned 2.5% to 3.4% a year over 10 years. The tables show every category.
Should an NRI judge Indian funds in rupees or in dollars?
Use the currency you will spend the money in. Money for a home, parents or children's education in India can be judged in rupees. Money you will bring back to the UAE or spend abroad should be judged in dollars or dirhams, because that is what you keep.
Also see the currency impact calculator for what the rupee's fall does to your own savings.