Rolling 200 Day Returns: NIFTY

I recently constructed this chart which shows the rolling 200 (calendar) day returns if one had just passively invested in the NIFTY over the last 10 years or so. As you can see this has been one heck of a ride. The unlucky ones were those who caught the first massive correction which happened post Jul’08 – this first red trough would have applied to investments done during the Jul’07 – Jul’08 period. similarly the second red trough pertains to investments done during the Sep’10 to Jul’11 period. There is a little flutter of green appearing towards the end. Hopefully, this will cause another sustained period of green for the next 12 months or so to come. Looking at the peak 200 day returns of >90% one wonders if we will ever see such kind of exuberance ever in the near future…