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Crash case study · real NAV data

How quant Mid Cap Fund survived The 2008 Global Financial Crisis

Lehman Brothers collapsed, global credit froze, and the Sensex fell from 21,000 to under 8,200 in 14 months — the deepest crash in modern Indian market history. FIIs pulled out ₹53,000 crore. Investors who fled locked in their losses; those who stayed saw one of the greatest recoveries ever.

The fall

-39.4%

7 Jan 20084 Nov 2008

Index fell

-61%

Sensex, peak to trough

Recovery time

Not yet

as of 31 Aug 2026

₹1L at the peak → today

₹6,01,480

worst-possible timing, held on

The full round trip

NAV from 1 Jan 2008 to 1 Jun 2010 — peak ₹37.0562, bottom ₹22.4742.

The ₹1 lakh stress test — invested at the worst possible moment

Invested at the pre-crash peak (7 Jan 2008)₹1,00,000
Value at the bottom (4 Nov 2008)₹60,649
Value one year after the peak₹63,769
Value today (31 Aug 2026)₹6,01,480

The lesson isn't that crashes don't hurt — it's that selling at the bottom turns a temporary fall into a permanent loss. The investor who bought at the absolute worst day and simply held is in profit today.

The unluckiest SIP experiment

Imagine starting a ₹10,000/month SIP on the exact peak day — the single unluckiest start date possible — and continuing for 24 months straight through the crash:

Invested

₹2,40,000

Worth today

₹20,73,914

Return

+764%

Crash-month installments bought units cheap — that's the whole SIP thesis, demonstrated with real data instead of a brochure.

This fund in other crashes

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How this page is produced

Every figure above is computed from our archive of published AMFI NAV history for quant Mid Cap Fund, to NAV dated 31 Aug 2026. Nothing here is copied from a factsheet or a third-party summary. The full method is published, including its limitations.

Drawdown, recovery and rebound figures are measured from the fund's own NAV series across the event window — not from a factsheet summary. Past performance, including past recoveries, does not guarantee future results.

Written and maintained by Azad Mohammed, who built the pipeline these numbers come out of. Found an error? Tell us — corrections are made and the page rebuilds within the hour.

This page describes what each fund has done. It is not investment advice and not a recommendation to buy or sell any scheme. Arthkar is not a SEBI-registered investment adviser and does not provide or arrange investment advice. Mutual fund investments are subject to market risk; read all scheme related documents carefully.