Historical drawdown analysis

Drawdown
Analyzer

Before you invest in a fund, understand how badly it has fallen during market crashes — and how long it took to recover. Decisions made without drawdown history are guesses.

Analyse drawdowns → All tools

−60%

Worst Nifty 50 crash (GFC)

4.2 yrs

Avg recovery, GFC

5 months

COVID crash recovery

What it shows

Every major fall this fund
has ever taken

Not just the max drawdown number — the full history of peaks, troughs, and recoveries, ranked by severity.

Drawdown chart

A continuous chart showing how far below its all-time high the fund has been on every trading day — going back to inception.

Top drawdown events table

The 5 worst drawdown events ranked by depth — with peak date, trough date, depth, and days to full recovery.

Recovery time analysis

How long did this fund take to recover after each crash? See which funds bounced back fast and which stayed underwater for years.

Sample output

Top 5 drawdowns — Nifty 50 Index Fund

Knowing this history helps you size your position and set your hold time realistically. Investing without this is investing blind.

Event	Depth	Recovery
GFC 2008 Jan 2008 – Mar 2009	−59.8%	4.1 yrs
COVID Crash 2020 Jan 2020 – Mar 2020	−38.4%	5 months
Eurozone Crisis 2011 Nov 2010 – Dec 2011	−28.6%	1.8 yrs
Taper Tantrum 2013 May 2013 – Aug 2013	−14.3%	4 months
IL&FS Crisis 2018 Aug 2018 – Oct 2018	−13.1%	8 months

How it works

Daily NAV, full
drawdown history

Computed from actual AMFI NAV data — no estimates or third-party proxies.

Search for any mutual fund

Pick any fund from our database of 1,056 schemes. Filter by AMC, category, or plan type to find exactly what you want.

We compute drawdowns from daily NAV

Topsheet takes the fund's full daily NAV history from AMFI and calculates the running maximum and drawdown series — going back to inception.

See the full drawdown picture

The drawdown chart shows every fall in context. The events table ranks the worst crashes with exact depth and recovery time.

Frequently asked questions

Common questions

Understanding drawdowns and why they matter for long-term investing.

What is a drawdown in mutual funds?

A drawdown is the percentage decline from a fund's peak NAV to a subsequent trough. For example, if a fund's NAV fell from ₹100 to ₹65 during the 2020 COVID crash, that's a 35% drawdown. Drawdown analysis shows you not just how much a fund fell but how long it stayed underwater before recovering to its previous high.

Why does drawdown matter more than volatility?

Standard deviation measures average daily volatility, which sounds abstract. Drawdown is more intuitive — it tells you "if you had invested at the worst possible time, how much would you have lost, and for how long?" For investors who might panic-sell during crashes, knowing historical drawdowns helps set realistic expectations before investing.

What is the maximum drawdown of Nifty 50 index funds?

Nifty 50 index funds have experienced a maximum drawdown of approximately 58–60% during the 2008 Global Financial Crisis, and about 38% during the March 2020 COVID crash. Recovery from the 2008 drawdown took roughly 4 years. The 2020 crash recovered much faster — within about 5 months.

How does Topsheet calculate drawdown?

Topsheet uses daily NAV data from AMFI to compute running maximum NAV and the percentage decline from that peak at each date. The drawdown chart shows this time series — how far below its all-time high a fund was on any given day. Top-N drawdown events are ranked by depth and annotated with start date, trough date, and recovery date.

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