How UTI Dividend Yield Fund survived The 2018 NBFC Crisis
IL&FS defaulted and India's shadow-banking system seized up. While the Sensex fell a modest 14%, mid- and small-cap funds crashed 25-40% — the crash that taught a generation the difference between index pain and portfolio pain.
The fall
-12.2%
31 Aug 2018 → 26 Oct 2018
Index fell
-14%
Sensex, peak to trough
Recovery time
24 mo
peak regained 5 Nov 2020
₹1L at the peak → today
₹2,58,511
worst-possible timing, held on
The full round trip
NAV from 1 Aug 2018 to 5 Nov 2020 — peak ₹68.3781, bottom ₹60.0262, peak regained 5 Nov 2020.
The ₹1 lakh stress test — invested at the worst possible moment
| Invested at the pre-crash peak (31 Aug 2018) | ₹1,00,000 |
| Value at the bottom (26 Oct 2018) | ₹87,786 |
| Value one year after the peak | ₹90,235 |
| Value today (3 Jul 2026) | ₹2,58,511 |
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
₹6,77,774
Return
+182%
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 Dividend Yield funds in this crash
All figures computed from published AMFI NAV history for UTI Dividend Yield 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.