MW4me Outlook

On May 29, Nifty was closed at 9580, 20% lower than 1 year ago. In the last 3 years, Nifty is down 1% translating into ~0% CAGR.

What are the consequences of the Covid-19 crisis for equity investors? Where do we go from here? On April 30, Nifty was closed 15% lower than 1 year ago.

Nifty Total Return Index (Nifty including dividends) earned ~12% Year to date Nov’19 and ~15% CAGR in the last 3 years from demonetization lows.

Nifty Total Return Index (Nifty including dividends) earned ~10% Year to date Oct 31 st, 2019 and ~12.3% CAGR in the last 3 years.

This month saw very volatile movements in equity. Hon. Finance minister announced bumper reform of lower corporate tax for large companies and for new manufacturing plants. This led to steep climb in…

Nifty Total Return Index (Nifty including dividends) earned ~2.5% Year to date 2019 and ~9% CAGR in the last 3 years.

We do not believe every crisis leads to a 2008 kind of crash. Equity is volatile and still generates the highest returns versus other asset classes.

Nifty Total Return Index (Nifty including dividends) earned 9.4% Year to date 2019 and ~14% CAGR in last 3 years.