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Gold stands as an established asset class, demonstrating its ability to safeguard its value during periods of economic distress and market uncertainty.
"Our current contrarian call is for investing in hybrid funds. We recommend that investors invest lump-sum monies in hybrid categories like equity savings, balanced advantage, aggressive hybrid and multi-asset, given that India remains a robust structural growth story."
The business momentum in India’s manufacturing sector is cooling off. The seasonally adjusted S&P Global Purchasing Managers’ Index (PMI) fell to 55.1 in September from 56.2 in August. A reading above 50 indicates expansion.