How NIPPON INDIA VISION LARGE & MID 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
-19.1%
18 Oct 2021 → 20 Jun 2022
Index fell
-17%
Sensex, peak to trough
Recovery time
11 mo
peak regained 26 May 2023
₹1L at the peak → today
₹29,666
worst-possible timing, held on
The full round trip
NAV from 1 Oct 2021 to 26 May 2023 — peak ₹929.9236, bottom ₹752.6324, peak regained 26 May 2023.
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) | ₹80,935 |
| Value one year after the peak | ₹94,993 |
| Value today (3 Sept 2026) | ₹29,666 |
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 still down 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
₹74,486
Return
-69%
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 & Mid 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 VISION LARGE & MID CAP FUND, to NAV dated 3 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.