What is max drawdown?
Every other risk metric on this page is a statistical summary. Max drawdown is one real, specific event: the largest actual decline from a peak to the lowest point before recovery, within the lookback window.
Drawdown = (NAVtrough − NAVpeak) / NAVpeak
Max drawdown is the single worst such decline across the whole window - not an average.
Real comparison across 6 funds
CHART
3Y Max Drawdown - 6 real funds
Parag Parikh Flexi Cap's worst stretch ran from 2025-10-27 to 2026-03-30, a 10.9773% peak-to-trough decline.
Funds compared: Parag Parikh Flexi Cap · DSP Value · ICICI Prudential Value · SBI Focused · Parag Parikh ELSS Tax Saver · SBI Multicap
WHAT THIS MEANS FOR YOU Max drawdown is a real event that already happened, not a statistical estimate - it’s the closest thing to “how much could I actually lose, and did lose” that any of these metrics offer.
METHODOLOGY Computed over a trailing 3-year window as of 2026-08-31, using daily NAV history. Data: Punji risk analytics. Not investment advice.