Please click the link below to access our analysis on the lessons of 2018 for equity markets, and what remains the same, and what is new for 2019. Equity_Outlook_2019_02_v3

Given below is a quick rewind of 2018, and our expectations from 2019.  Markets that ran twice as fast only to stay in the same place ·         Nifty 50 Index- a 3.2% movement over the year, but a decline of ~15% from fresh life-time high in August, before recovering in Nov-Dec 2018. ·         10Y GSec- […]

Starting from the conclusion, here is the gist of our recommendations, after analysing what markets have thrown at us till now. Action Summary Move out of large-cap portfolios if the Nifty moves beyond previous peak. For portfolios with little or no mid-cap exposure, build cautiously in a staggered manner over a year. Otherwise do nothing. […]

The Year-so-far in two charts: With liquid funds being the best performing fund category, 2018 so far has been bad for portfolio returns. A change of direction November, however, has seen a reversal of these trends, at the time of writing this review. Behind the trend reversals of both asset classes are two common factors: […]

Equity: Review and Outlook The damage done across stocks in 2018 has not been reflected in the Nifty’s 6.4% drop in Sep 2018, over even in the current level of 10,473, which is 10% below the Aug 2018 closing level.The Nifty Midcap 100 index reflects the real decline better, as it plunged 14% in Sep […]