How NIPPON INDIA LARGE CAP FUND survived The 2022 Rate-Hike Correction
Inflation surged after the pandemic, the US Fed hiked at the fastest pace in 40 years, and FIIs sold Indian equities for 9 straight months. A slow-bleed correction that punished the frothiest corners of the 2021 bull run.
The fall
-14.4%
18 Oct 2021 → 20 Jun 2022
Index fell
-17%
Sensex, peak to trough
Recovery time
2 mo
peak regained 8 Aug 2022
₹1L at the peak → today
₹1,76,829
worst-possible timing, held on
The full round trip
NAV from 1 Oct 2021 to 8 Aug 2022 — peak ₹57.047, bottom ₹48.831, peak regained 8 Aug 2022.
The ₹1 lakh stress test — invested at the worst possible moment
| Invested at the pre-crash peak (18 Oct 2021) | ₹1,00,000 |
| Value at the bottom (20 Jun 2022) | ₹85,598 |
| Value one year after the peak | ₹1,03,063 |
| Value today (1 Sept 2026) | ₹1,76,829 |
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
₹4,14,937
Return
+73%
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
Other Large Cap funds in this crash
How this page is produced
Every figure above is computed from our archive of published AMFI NAV history for NIPPON INDIA LARGE CAP FUND, to NAV dated 1 Sept 2026. Nothing here is copied from a factsheet or a third-party summary. The full method is published, including its limitations.
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.