Equities still hold trump card for investors
We can take comfort from the fact that Indian equities have not delivered negative returns in two consecutive years and hope that history repeats in 2016, for our benefit. Also, the green shoots from certain macro indicators point towards a prolonged growth
At the onset of the year 2015, the forecast was that equities would outperform all asset classes, though debt could offer a decent risk to returns. We’re now at the year-end and have witnessed one of the most volatile years in stock markets in the recent past. Both the major indices have reached their all-time highs in the first quarter of the year and ever since have struggled to keep pace even on the year-on-year performances.