Since inception in 1995 Nifty has given annualised returns of 11.2 per cent.

It has had annualised volatility of 24.5 per cent.

As on Tuesday, Nifty was trading at a P/E (price to earnings) ratio of 25.45, close to crises levels in the past.

Nifty’s PE was 28.5 on February 11, 2000, the peak of the tech bubble.

Its P/E ratio was 28.25 on January 8, 2008, the peak of the global financial crisis.

Nifty-based index derivatives are listed on four exchanges globally, namely, Singapore Stock Exchange, Chicago Mercantile Exchange Inc, Osaka Exchange and Taiwan Futures Exchange.

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