How much did HSBC Infrastructure Fund fall in The COVID Crash?

HSBC Infrastructure Fund fell 41.7% from its peak NAV of ₹16.42 (24 Jan 2020) to ₹9.57 (24 Mar 2020), based on published NAV history.

How long did HSBC Infrastructure Fund take to recover?

The NAV regained its pre-crash peak on 8 Jan 2021 — 10 months after the bottom.

What happened to ₹1 lakh invested at the worst possible time?

₹1,00,000 invested exactly at the pre-crash peak fell to ₹58,283 at the bottom, was ₹97,929 one year after the peak — and is worth ₹3,10,569 today (1 Sept 2026).

Crash case study · real NAV data

How HSBC Infrastructure Fund survived The COVID Crash

The fastest crash in history: 38% wiped out in 33 trading days as the world locked down. Then the fastest recovery in history — most equity funds regained their peaks within 9 months. Panic-sellers of March 2020 paid the highest tuition fee ever charged by the market.

The fall

-41.7%

24 Jan 2020 → 24 Mar 2020

Index fell

-38%

Sensex, peak to trough

Recovery time

10 mo

peak regained 8 Jan 2021

₹1L at the peak → today

₹3,10,569

worst-possible timing, held on

The full round trip

NAV from 15 Jan 2020 to 8 Jan 2021 — peak ₹16.42, bottom ₹9.57, peak regained 8 Jan 2021.

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

Invested at the pre-crash peak (24 Jan 2020)	₹1,00,000
Value at the bottom (24 Mar 2020)	₹58,283
Value one year after the peak	₹97,929
Value today (1 Sept 2026)	₹3,10,569

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

₹7,82,056

Return

+226%

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 HSBC Infrastructure 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.

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.