Explained on 26 October 2026. This is an educational answer drawn from the dated article below; examples are hypothetical unless a specific source observation is identified.

How it works

The benchmark may also use a different composition or weighting system. A market headline about one session should not be pasted onto a scheme with another valuation basis. Use the scheme’s actual disclosed NAV observations and the methodology needed for a fair comparison before drawing a performance conclusion.

A simple example

A hypothetical screenshot shows a 10% dollar decline in one basket, while the scheme has only partial exposure and an offsetting currency move. Its rupee NAV need not fall 10%. The screenshot and scheme figure can each be accurate within their own scope.

What to check

  • Match the market session and NAV observation date.
  • Check composition, currency and hedging.
  • Compare like-for-like series and methodologies.

Read the full event and evidence

The 22 October Tech Sell-Off: How a US Headline Reaches an Indian Fund explains the original event, its dates and the supporting documents. Event context: US session of 22 October 2026.