{"schema":1,"name":"Diversification during equity stress","resolution":"daily","generated_at":"2026-10-06T04:08:47Z","meta":{"source":"NSE Nifty 500 TRI, NSE 5-year benchmark G-sec total-return index, domestic INR gold via Data bank","method":"Native monthly closes within seven calendar days of month end; completed calendar months only, no forward filling. Returns require adjacent monthly closes. Rolling correlations and drawdowns require 36 consecutive monthly observations.","note":"Bad equity months mean Nifty 500 returns <= -5%; stress drawdowns mean <= -10% from its trailing 36-month peak. Conditional estimates require 12 observations, overall correlation 36. Gross index/gold-price history, before product costs and taxes; gold is not a dividend-paying total-return index. Conditional correlations are descriptive and 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