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In 2023, US did not fall into a recession. The Federal Reserve hiked rates by a further 1 percentage point, sparking a phenomenal surge in the equity markets that left many financial pundits scratching their heads in disbelief. Plus, the Chinese market continued to plunge. The scorecard? Zero out of 4 to the consensus.
Indian equities have been far below the 15-16% average compounding for years. In 2010-20, the compounding was only 8.8% — barely above fixed deposit returns. A Rs 100 investment would have become Rs 230 over this decade. Contrast this with Rs 100 invested in 1980 that would have become Rs 700 over a decade.
Indian equities have been far below the 15-16% average compounding for years. In 2010-20, the compounding was only 8.8% — barely above fixed deposit returns. A Rs 100 investment would have become Rs 230 over this decade. Contrast this with Rs 100 invested in 1980 that would have become Rs 700 over a decade.
Devina Mehra say: “There are enough places in the market to make money. So, be cognisant of risk management. Smallcaps, IPOs, microcaps, the areas where there has been a lot of exuberance of late are exactly the areas where you have to be careful of and strictly limit your exposure.”
The S&P BSE Sensex is up 15.8% for the year. Up until 26 October, it had just delivered 3% year-to-date returns