{"id":3325,"date":"2019-08-03T01:57:52","date_gmt":"2019-08-03T01:57:52","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3325"},"modified":"2019-08-06T03:32:18","modified_gmt":"2019-08-06T03:32:18","slug":"how-bad-is-a-10-fall-in-nifty-find-out","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/","title":{"rendered":"How bad is a 10% fall in Nifty &#8211; find out!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e3b6ecda322\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e3b6ecda322\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Index_Returns\" title=\"Index Returns\">Index Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Top_5_best_performing_funds\" title=\"Top 5 best performing funds\">Top 5 best performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Top_5_worst_performing_funds\" title=\"Top 5 worst performing funds\">Top 5 worst performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#What_investors_bought\" title=\"What&nbsp;investors bought\">What&nbsp;investors bought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#What_investors_sold\" title=\"What investors sold\">What investors sold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#i\" title=\"&nbsp;\">&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#i-2\" title=\"&nbsp;\">&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#Feature_Showcase_Tax_Harvesting\" title=\"Feature Showcase:&nbsp;Tax Harvesting\">Feature Showcase:&nbsp;Tax Harvesting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#i-3\" title=\"&nbsp;\">&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/#i-4\" title=\"&nbsp;\">&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong>A <a href=\"https:\/\/www.investopedia.com\/terms\/d\/drawdown.asp\" target=\"_blank\" rel=\"noopener noreferrer\">drawdown<\/a> is defined as &#8211;&nbsp;<\/strong><\/p>\n<blockquote><p><em><strong>&#8220;A drawdown is a peak-to-trough decline during a specific period for an investment&#8221;<\/strong>&nbsp;<\/em><\/p><\/blockquote>\n<p>For eg. Nifty 50 went from 12,088 to 10,980 since early June or a Drawdown of ~10%.&nbsp;The markets are almost always in a drawdown. Only 6% of trading days since 1990 produced new market highs i.e for 94% of trading days the market was in a drawdown. The average drawdown for NIFTY 50 over the past 29 years has been -18%!!<\/p>\n<p>The chart below shows how much the Nifty index was down on that date from the last all-time high. Spend some time in understanding it properly.&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3332\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/201908-Nifty-Drawdown.png\" alt=\"\" width=\"947\" height=\"530\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/201908-Nifty-Drawdown.png 947w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/201908-Nifty-Drawdown-300x168.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/201908-Nifty-Drawdown-768x430.png 768w\" sizes=\"(max-width: 947px) 100vw, 947px\" \/><\/p>\n<p><strong>So what about a -10% drawdown. <\/strong><\/p>\n<p>Nifty 50 has been in a -10% or worse drawdown in 59% of the trading days since 1990.<\/p>\n<p><em><strong>Read the above sentence again.<\/strong><\/em><\/p>\n<p>How about 1-years return after a -10% or worse drawdown? <strong>There is a 68% chance that the 1-year return after a -10% drawdown will be positive. <\/strong>The average 1-year return observed over the past 30 years post a -10% or worse draw is 21%. Of course your odds improve considerably the longer you are willing to hold equity index. Remember, <a href=\"https:\/\/kuvera.in\/blog\/002-stocks-for-the-long-run\/\" target=\"_blank\" rel=\"noopener noreferrer\">invest for the long run.&nbsp;<\/a><\/p>\n<p><strong>If that sounds exciting, do know the downside too. <\/strong>The worst 1-year return observed post a -10% or worse draw is -50%!! You can still lose half of what is left. But, the best 1-year return observed post a -10% or worse draw is 312%.<\/p>\n<p>What if the market sinks another 10% for a drawdown of 20%? 39% of the time Nifty has been in a -20% or worse draw since 1990. Avg 1-year return is 27%, and you can still lose 44% from there in the worst recorded case.<\/p>\n<blockquote><p><strong>So, there you go. It is never as bad as it seems. The historical odds are good and the only requirement from the investor is to avoid the<a href=\"https:\/\/kuvera.in\/blog\/how-to-bridge-the-behaviour-gap-for-higher-returns\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/kuvera.in\/blog\/how-to-bridge-the-behaviour-gap-for-higher-returns\/\"> behaviour gap<\/a>.<\/strong><\/p><\/blockquote>\n<p><strong><a href=\"https:\/\/kuvera.in\/explore\/funds\/dsp\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/kuvera.in\/explore\/funds\/dsp\">DSP Mutual Fund<\/a> has marked down its investment in non-convertible debentures (NCDs) of Coffee Day Natural Resources Pvt Ltd (CDNRPL) by half<\/strong>. In communication by the fund house it was specified that <a href=\"https:\/\/kuvera.in\/explore\/dsp-credit-risk-growth--DS749-GR\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/kuvera.in\/explore\/dsp-credit-risk-growth--DS749-GR\">DSP Credit Risk Funds<\/a> exposure to NCDs of CDNRPL was Rs 69 crores as on July 29, 2019. The fund house also said that the exposure is secured by a pledge on the listed shares of CDEL and a land parcel.&nbsp;<\/p>\n<p><strong>As per a Finance Ministry Statement, the National Housing Bank (NHB) is infusing an additional \u20b910,000 crore in NBFCs from Friday with a view to improving the flow of funds for housing loans.<\/strong> This would be in addition to two existing refinance schemes of the NHB.&nbsp;<\/p>\n<p><strong>On Thursday US President, Donald Trump announced that he would impose a 10% tariff on $300 billion of Chinese imports.<\/strong> On the other hand, Beijing has promised to respond if the US insists on additional tariffs on Chinese imports. Amidst the abrupt escalation of the trade war between the world\u2019s largest economies stocks across nations were trading low during the week.&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Index_Returns\"><\/span><strong>Index Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 61px;\" width=\"551\">\n<tbody>\n<tr>\n<td width=\"145\"><strong>&nbsp;Index&nbsp;<\/strong><\/td>\n<td width=\"107\"><strong>&nbsp;Weekly open&nbsp;<\/strong><\/td>\n<td width=\"121\"><strong>&nbsp;Weekly close&nbsp;<\/strong><\/td>\n<td width=\"96\"><strong>&nbsp;Change&nbsp;<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\" width=\"145\">&nbsp;BSE Sensex<\/td>\n<td style=\"font-weight: 400;\" width=\"107\">37,882.79<\/td>\n<td style=\"font-weight: 400;\" width=\"121\">37,118.22<\/td>\n<td style=\"font-weight: 400;\" width=\"96\">-2.02%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\" width=\"145\">&nbsp;Nifty<\/td>\n<td style=\"font-weight: 400;\" width=\"107\">11,284.30<\/td>\n<td style=\"font-weight: 400;\" width=\"121\">10,997.35<\/td>\n<td style=\"font-weight: 400;\" width=\"96\">-2.54%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\" width=\"145\">&nbsp;S&amp;P BSE SmallCap<\/td>\n<td style=\"font-weight: 400;\" width=\"107\">13,060.34<\/td>\n<td style=\"font-weight: 400;\" width=\"121\">12,496.35<\/td>\n<td style=\"font-weight: 400;\" width=\"96\">-4.32%<\/td>\n<\/tr>\n<tr>\n<td style=\"font-weight: 400;\" width=\"145\">&nbsp;S&amp;P BSE MidCap<\/td>\n<td style=\"font-weight: 400;\" width=\"107\">13,856.19<\/td>\n<td style=\"font-weight: 400;\" width=\"121\">13,546.92<\/td>\n<td style=\"font-weight: 400;\" width=\"96\">-2.23%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Source- BSE\/NSE<\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_best_performing_funds\"><\/span><strong>Top 5 best performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 158px;\" width=\"561\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-gold-growth--BS916GZ-GR\"><b>ABSL Gold<\/b><\/a><\/td>\n<td>3.3%<\/td>\n<td>3.7%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-gold-saving-growth--GDAG-GR\"><b>Reliance Gold Saving<\/b><\/a><\/td>\n<td>1.9%<\/td>\n<td>3.0%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-gold-growth--KO46D-GR\"><b>Kotak Gold<\/b><\/a><\/td>\n<td>1.9%<\/td>\n<td>3.5%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/quantum-gold-saving-growth--QMFQSGP-GR\"><b>Quantum Gold Saving<\/b><\/a><\/td>\n<td>1.9%<\/td>\n<td>3.2%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/idbi-gold-growth--GFG1-GR\"><b>IDBI Gold<\/b><\/a><\/td>\n<td>1.7%<\/td>\n<td>1.8%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Top_5_worst_performing_funds\"><\/span><strong>Top 5 worst performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<table style=\"height: 152px;\" width=\"557\">\n<tbody>\n<tr>\n<td width=\"249\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>Week<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"170\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hsbc-infrastructure-equity-growth--HAFG-GR\"><b>HSBC Infrastructure<\/b><\/a><\/td>\n<td>-5.4%<\/td>\n<td>-4.0%<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-india-opportunities-growth--IC9453-GR\"><b>IPRU India Opp<\/b><\/a><\/td>\n<td>-5.3%<\/td>\n<td>NA<\/td>\n<td>Sectoral<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-tax-saver-growth--TSAG-GR\"><b>Reliance Tax Saver<\/b><\/a><\/td>\n<td>-5.1%<\/td>\n<td>2.3%<\/td>\n<td>ELSS<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/canara-robeco-small-cap-growth--CASCDG-GR\"><b>Canara Robeco Small Cap<\/b><\/a><\/td>\n<td>-5.0%<\/td>\n<td>-8.9%<\/td>\n<td>Small Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-mining-growth--DS764-GR\"><b>DSP World Mining<\/b><\/a><\/td>\n<td>-4.8%<\/td>\n<td>8.1%<\/td>\n<td>Fund of Funds<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_bought\"><\/span><strong>What&nbsp;<\/strong><strong>investors bought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most inflows in these 5 Funds \u2013<\/p>\n<table style=\"height: 157px;\" width=\"554\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-large-cap-growth--MAFIOD1-GR\"><b>Mirae Asset Large Cap<\/b><\/a><\/td>\n<td>1.8%<\/td>\n<td>12.1%<\/td>\n<td>Large Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/MAMCD1-GR#performance\"><b>Mirae Asset Midcap<\/b><\/a><\/td>\n<td>NA<\/td>\n<td>NA<\/td>\n<td>Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-small-cap-growth--HDACG1G-GR\"><b>HDFC Small Cap&nbsp;<\/b><\/a><\/td>\n<td>-13.6%<\/td>\n<td>10.4%<\/td>\n<td>Small Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\"><b>Mirae Asset Emerging Bluechip<\/b><\/a><\/td>\n<td>3.1%<\/td>\n<td>13.9%<\/td>\n<td>Large &amp; Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\"><b>Parag Parikh LTE<\/b><\/a><\/td>\n<td>0.1%<\/td>\n<td>11.6%<\/td>\n<td>Multi Cap<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"What_investors_sold\"><\/span><strong>What investors sold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>We saw the most outflows in these 5 Funds \u2013<\/p>\n<table style=\"height: 156px;\" width=\"553\">\n<tbody>\n<tr>\n<td width=\"238\"><strong>Name<\/strong><\/td>\n<td width=\"64\"><strong>1Y<\/strong><\/td>\n<td width=\"64\"><strong>3Y<\/strong><\/td>\n<td width=\"152\"><strong>Category<\/strong><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/hdfc-mid-cap-opportunities-growth--MCOGT-GR\"><b>HDFC Mid Cap<\/b><\/a><\/td>\n<td>-12.3%<\/td>\n<td>6.3%<\/td>\n<td>Mid Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-equity-hybrid-95-growth--BSAGZ-GR\"><b>ABSL Equity Hybrid 95<\/b><\/a><\/td>\n<td>-3.8%<\/td>\n<td>6.1%<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/reliance-equity-hybrid-growth--SHAG-GR\"><b>Reliance Equity Hybrid&nbsp;<\/b><\/a><\/td>\n<td>-7.1%<\/td>\n<td>6.8%<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/sbi-blue-chip-growth--SBD103G-GR\"><b>SBI Blue Chip<\/b><\/a><\/td>\n<td>-1.7%<\/td>\n<td>7.5%<\/td>\n<td>Large Cap<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\"><b>Kotak Standard Multicap<\/b><\/a><\/td>\n<td>-0.9%<\/td>\n<td>11.1%<\/td>\n<td>Multi Cap<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><span lang=\"EN-US\">Source \u2013 Kuvera.in<\/span><\/em><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Movers_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>1\/ <a href=\"https:\/\/kuvera.in\/explore\/funds\/sbi\" target=\"_blank\" rel=\"noopener noreferrer\">SBI Mutual Fund<\/a> has appointed Milind Agrawal (Equity Research Analyst) as Fund Manager of <a href=\"https:\/\/kuvera.in\/explore\/sbi-banking-financial-services-growth--SBD464G-GR\" target=\"_blank\" rel=\"noopener noreferrer\">SBI Banking &amp; Financial Services Fund<\/a>.<\/p>\n<p>2\/ G Narayanan and Jaideep Singh have been appointed as Independent Directors on the board of <a href=\"https:\/\/kuvera.in\/explore\/funds\/canara\" target=\"_blank\" rel=\"noopener noreferrer\">Canara Robeco Asset Management Company Limited<\/a>.<\/p>\n<p>3\/ Sandip Ghose has been appointed as Independent Director on the board of <a href=\"https:\/\/kuvera.in\/explore\/funds\/motilal\" target=\"_blank\" rel=\"noopener noreferrer\">Motilal Oswal Trustee Company Limited<\/a>.<\/p>\n<p>4\/ <a href=\"https:\/\/kuvera.in\/explore\/funds\/absl\" target=\"_blank\" rel=\"noopener noreferrer\">Aditya Birla Sun Life Mutual Fund<\/a> has appointed Balasubramanian (Chief Executive Officer) as Managing Director of the AMC.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"i\"><\/span><em style=\"font-size: inherit;\"><span lang=\"EN-US\">&nbsp;<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<h5><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<blockquote><p><em><strong>You get recessions, you have stock market declines. If you don\u2019t understand that\u2019s going to happen, then you\u2019re not ready, you won\u2019t do well in the markets.<\/strong><\/em><\/p>\n<p><em><strong>\u2014&nbsp;Peter Lynch<\/strong><\/em><\/p><\/blockquote>\n<h5><span class=\"ez-toc-section\" id=\"i-2\"><\/span><em style=\"font-size: inherit;\"><span lang=\"EN-US\">&nbsp;<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-3049\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png\" alt=\"\" width=\"1355\" height=\"703\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5.png 1355w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-300x156.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-768x398.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/06\/Capture-5-1024x531.png 1024w\" sizes=\"(max-width: 1355px) 100vw, 1355px\" \/><\/p>\n<h5 class=\"null\"><span class=\"ez-toc-section\" id=\"Feature_Showcase_Tax_Harvesting\"><\/span><strong>Feature Showcase:&nbsp;Tax Harvesting<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><a href=\"https:\/\/blog.kuvera.in\/save-up-to-%e2%82%b910000-in-ltcg-taxes-with-tax-harvesting\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Tax Harvesting<\/strong><\/a>&nbsp;is a technique that utilises the \u20b91 Lakh annual LTCG exemption by selling and buying back part of your investment such that you \u201crealise\u201d gains and not pay taxes on them.&nbsp;At a 10% LTCG tax rate, you could save up to Rs 10,000 in LTCG taxes every year by doing this diligently.<\/p>\n<p>Do not wait for February \/ March to harvest taxes. Do it as early in the financial year as possible \u2013&nbsp;<em><strong>you may not have gains later to harvest!<\/strong><\/em><\/p>\n<p>Like all our features, Tax Harvesting optimizes on your entire portfolio \u2013 bought on Kuvera or&nbsp;<a href=\"https:\/\/blog.kuvera.in\/automatic-tracking-of-your-external-transactions\/\" target=\"_blank\" rel=\"noopener noreferrer\">imported<\/a>&nbsp;from elsewhere.<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/feature\/tax-harvesting\" target=\"_blank\" rel=\"noopener noreferrer\">Start harvesting<\/a>&nbsp;today.<\/strong><\/p>\n<h5><span class=\"ez-toc-section\" id=\"i-3\"><\/span><em style=\"font-size: inherit;\"><span lang=\"EN-US\">&nbsp;<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit&nbsp;<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>&nbsp;to discover&nbsp;<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a>&nbsp;and&nbsp;<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n<h5><span class=\"ez-toc-section\" id=\"i-4\"><\/span><em style=\"font-size: inherit;\"><span lang=\"EN-US\">&nbsp;<\/span><\/em><span class=\"ez-toc-section-end\"><\/span><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>A drawdown is defined as &#8211;&nbsp; &#8220;A drawdown is a peak-to-trough decline during a specific period for an investment&#8221;&nbsp; For eg. Nifty 50 went from 12,088 to 10,980 since early June or a Drawdown of ~10%.&nbsp;The markets are almost always in a drawdown. Only 6% of trading days since 1990 produced new market highs i.e [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/how-bad-is-a-10-fall-in-nifty-find-out\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,83,36,225,11,66,212,249,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How bad is a 10% fall in Nifty - find out! - Kuvera<\/title>\n<meta name=\"description\" content=\"A drawdown is a peak-to-trough decline during a specific period for an investment. Read more for a 10% drawdown analysis of Nifty 50 Index.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-you-need-to-know-about-mutual-funds-last-week-4116241.htm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How bad is a 10% fall in Nifty - find out! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"A drawdown is a peak-to-trough decline during a specific period for an investment. Read more for a 10% drawdown analysis of Nifty 50 Index.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-you-need-to-know-about-mutual-funds-last-week-4116241.htm\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-03T01:57:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-06T03:32:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/08\/TopReturns.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1430\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How bad is a 10% fall in Nifty - find out! - Kuvera","description":"A drawdown is a peak-to-trough decline during a specific period for an investment. 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