NIFTY India Digital is a thematic index on the National Stock Exchange (NSE) which captures the performance of a portfolio of stocks that represent a digital theme on a real-time basis. This research paper is an attempt to explore about Nifty India Digital Index in respect of its performance. It is an empirical study based on secondary data. Simple financial tools like, Rate of Return, Average and Standard Deviation are deployed to analyze the data. The performance of Nifty India Digital Index is measured in terms of return and risk. Its performance is compared with the returns and risk of Nifty50, BSE SENSEX and Gold. The study concluded that the NIFTY India Digital Index has generated higher returns than Nifty50 index and BSE SENSEX, and lower returns than Gold. Nifty India Digital Index is riskier than Nifty50 & SENSEX, and is less risky than Gold. JEL Codes: G1, G10, G11