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Gulf crisis: IndiGo grounds flights to six overseas destinations amid cost pressures · 1 hour ago India IPO gold rush becomes foreign firms’ cash-out machine · 2 hours ago US stocks today: Wall Street opens mixed as AI stocks fall and oil prices ease · 2 hours ago One vehicle, two fuels: India bets big on flex-fuel revolution - what is it? · 2 hours ago LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold · 3 hours ago ‘Perfect complementarity’: India, Venezuela deepen energy ties · 5 hours ago India expands ethanol map: 5,000 fuel stations planned by 2027 end · 5 hours ago For first time, Russia admits oil production has declined amid Ukraine's attacks on refineries · 7 hours ago ‘World's long-term capital is looking at India’: Global investors betting big, says Piyush Goyal · 8 hours ago Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities · 10 hours ago Gold, silver price prediction: Will gold hit Rs 1.65 lakh/10 grams & silver rise to Rs 2.85 lakh per kg? Check outlook · 10 hours ago Stock Market Live Updates Today: BSE Sensex opens over 450 points down, Nifty50 below 23,350; crude oil prices drop · 14 hours ago Gulf crisis: IndiGo grounds flights to six overseas destinations amid cost pressures · 1 hour ago India IPO gold rush becomes foreign firms’ cash-out machine · 2 hours ago US stocks today: Wall Street opens mixed as AI stocks fall and oil prices ease · 2 hours ago One vehicle, two fuels: India bets big on flex-fuel revolution - what is it? · 2 hours ago LPG supply stable, but oil firms still losing nearly Rs 700 on every cylinder sold · 3 hours ago ‘Perfect complementarity’: India, Venezuela deepen energy ties · 5 hours ago India expands ethanol map: 5,000 fuel stations planned by 2027 end · 5 hours ago For first time, Russia admits oil production has declined amid Ukraine's attacks on refineries · 7 hours ago ‘World's long-term capital is looking at India’: Global investors betting big, says Piyush Goyal · 8 hours ago Rajesh Exports share price today: Stock tanks 5% to hit lower circuit as SEBI bans CMD for financial irregularities · 10 hours ago Gold, silver price prediction: Will gold hit Rs 1.65 lakh/10 grams & silver rise to Rs 2.85 lakh per kg? Check outlook · 10 hours ago Stock Market Live Updates Today: BSE Sensex opens over 450 points down, Nifty50 below 23,350; crude oil prices drop · 14 hours ago
Thursday, 4 Jun 2026 · IST
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Risk explorer

Biggest 3-year drawdowns

The deepest peak-to-trough NAV declines in the last three years across every Indian mutual fund. Use this as a "stomach test" before committing money to a fund — knowing the worst you've already had to live through is the cleanest way to calibrate your risk tolerance.

# Scheme Max drawdown
1 Axis Silver Fund of Fund- Direct Plan-Growth Option
Axis
-46.10%
2 HDFC Silver ETF Fund of Fund - Growth Option - Direct Plan
HDFC
-46.00%
3 Kotak Silver ETF Fund of Fund - Direct Plan - Growth Option
Kotak
-45.61%
4 ICICI Prudential Silver ETF FOF - Direct Plan - Growth
ICICI Prudential
-45.53%
5 UTI Silver ETF Fund of Fund - Direct Plan - Growth Option
UTI
-45.48%
6 Aditya Birla Sun Life Silver ETF FOF-Direct Growth
Aditya Birla Sun Life
-45.30%
7 Nippon India Silver ETF FOF- Direct Plan-Growth Option
Nippon India
-43.53%
8 ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential
-38.85%
9 Nippon India Taiwan Equity Fund- Direct Plan- Growth Option
Nippon India
-37.58%
10 Mirae AssetHang Seng TECH ETF Fund of Fund Direct Plan - Growth Option
-36.53%
11 HDFC Defence Fund - Growth Option - Direct Plan
HDFC
-34.54%
12 Edelweiss Gold and Silver ETF FOF - Direct Plan - Growth
Edelweiss
-34.23%
13 Tata Digital India Fund-Direct Plan-Growth
Tata
-33.27%
14 Invesco India - Invesco Global Consumer Trends Fund of Fund - Direct Plan - Growth
Invesco
-32.59%
15 ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
ICICI Prudential
-31.82%
16 BANDHAN NIFTY200 MOMENTUM 30 INDEX FUND - GROWTH - DIRECT PLAN
Bandhan
-31.73%
17 Edelweiss US Technology Equity Fund of Fund- Direct Plan- Growth
Edelweiss
-31.51%
18 UTI Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth Option
UTI
-31.50%
19 Motilal Oswal Focused Fund - Direct Plan Growth Option
Motilal Oswal
-31.25%
20 Tata Small Cap Fund-Direct Plan-Growth
Tata
-30.90%
21 Aditya Birla Sun Life Digital India Fund - Growth - Direct Plan
Aditya Birla Sun Life
-30.64%
22 Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF - Direct Plan - Growth
Mirae Asset
-30.41%
23 Mirae Asset NYSE FANG + ETF Fund of Fund Direct Growth
Mirae Asset
-30.31%
24 Samco Flexi Cap Fund - Direct Plan - Growth Option
Samco
-30.16%
25 Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Mirae Asset
-29.92%
26 Invesco India PSU Equity Fund - Direct Plan - Growth
Invesco
-29.84%
27 Tata Infrastructure Fund -Direct Plan -Growth Option
Tata
-29.82%
28 Samco ELSS Tax Saver Fund - Direct Plan - Growth Option
Samco
-29.64%
29 quant Business Cycle Fund - Growth Option - Direct Plan
Quant
-29.25%
30 Motilal Oswal Midcap Fund-Direct Plan-Growth Option
Motilal Oswal
-28.86%
31 BANDHAN Infrastructure Fund-Direct Plan-Growth
Bandhan
-28.78%
32 HSBC Brazil Fund - Growth Direct
HSBC
-28.76%
33 ICICI Prudential FMCG Fund - Direct Plan - Growth
ICICI Prudential
-28.76%
34 ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth
ICICI Prudential
-28.33%
35 ICICI Prudential Technology Fund - Direct Plan - Growth
ICICI Prudential
-27.98%
36 Tata Nifty India Digital ETF Fund of Fund-Direct Plan-Growth
Tata
-27.93%
37 Kotak Infrastructure & Economic Reform Fund- Direct Plan- Growth Option
Kotak
-27.73%
38 Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option
Motilal Oswal
-27.71%
39 Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund - Direct Plan- Growth
Mirae Asset
-27.24%
40 HSBC Small Cap Fund - Direct Growth
HSBC
-27.16%
41 BANK OF INDIA Small Cap Fund Direct Plan Growth
Bank of India
-27.08%
42 quant Infrastructure Fund - Growth Option-Direct Plan
Quant
-27.08%
43 DSP World Gold Mining Overseas Equity Omni FoF - Direct Plan - Growth
DSP
-27.01%
44 Aditya Birla Sun Life PSU Equity Fund-Direct Plan-Growth
Aditya Birla Sun Life
-26.83%
45 Aditya Birla Sun Life Nifty Next 50 Index Fund-Direct Growth
Aditya Birla Sun Life
-26.70%
46 ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth
ICICI Prudential
-26.68%
47 LIC MF Infrastructure Fund-Direct Plan-Growth
LIC
-26.68%
48 HDFC NIFTY Next 50 Index Fund - Direct Plan - Growth Option
HDFC
-26.67%
49 Invesco India Infrastructure Fund - Direct Plan - Growth Option
Invesco
-26.64%
50 UTI BSE Housing Index Fund - Direct Plan - Growth Option
UTI
-26.63%

What "max drawdown" means

Max drawdown is the largest decline from a peak to a subsequent trough in the fund's NAV over the lookback window — here, the trailing three years. A -25% drawdown means the fund lost a quarter of its value at some point between peak and trough; the investor either rode it out, or sold at the bottom and locked in the loss.

Drawdowns are the most honest risk metric — they describe what actually happened, not what statistical models predict. A fund with +18% CAGR and -45% max drawdown is mathematically equivalent in long-run terms to one with +14% CAGR and -25% drawdown, but the experience of holding them is wildly different.

How to use this page

  • Cross-reference with the biggest SIP wealth creators. Many overlap — high return comes with high drawdown.
  • Compare a fund's drawdown to its consistency score. Funds with high consistency have shallow drawdowns by construction.
  • Before investing, ask yourself: if this fund repeats this drawdown next year, would I sell? If yes, look at a less volatile category.