How ICICI Prudential Technology Fund survived The 2015-16 China Slowdown
China devalued the yuan, crude collapsed, and global growth fears dragged the Sensex down 23% over 11 slow, grinding months. No single dramatic day — just a long test of patience that shook out momentum chasers.
The fall
-15.6%
3 Mar 2015 → 6 May 2015
Index fell
-23%
Sensex, peak to trough
Recovery time
31 mo
peak regained 23 Nov 2017
₹1L at the peak → today
₹3,77,998
worst-possible timing, held on
The full round trip
NAV from 2 Mar 2015 to 23 Nov 2017 — peak ₹44.36, bottom ₹37.45, peak regained 23 Nov 2017.
The ₹1 lakh stress test — invested at the worst possible moment
| Invested at the pre-crash peak (3 Mar 2015) | ₹1,00,000 |
| Value at the bottom (6 May 2015) | ₹84,423 |
| Value one year after the peak | ₹90,825 |
| Value today (3 Jul 2026) | ₹3,77,998 |
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
₹9,94,502
Return
+314%
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 Sectoral / Thematic funds in this crash
All figures computed from published AMFI NAV history for ICICI Prudential Technology Fund. Past performance — including past recoveries — does not guarantee future results. This is educational research, not investment advice. Mutual fund investments are subject to market risks.