Performance Analysis of Different Asset Class in India
Published: 2019
Author(s) Name: Subagyo & Kanchan Bisht |
Author(s) Affiliation: Associate Professor, Finance and Managerial Accounting, Economic Faculty, Universitas Nusantara
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Abstract
Investment is a way of investing the funds in
different asset class available such as equity, debt,
bonds, fixed deposits, real estate, gold etc. Each
asset class has different risk return trade off. This
study compares historical returns of different asset
class namely Nifty 50, Sensex 30, Equity Mutual
fund, Debt Mutual fund, Gold and Real Estate
for 10 years horizon i.e 2007-2016. It also takes
20 years data for Nifty 50,Sensex 30 and
goldi.efrom 1997- 2016 and compares the returns
over the years. Further, itdiscusses the impact of
recent change in the Indian Financial Budget
relating to Long Term Capital Gain Tax (LTCG)
over Real Estate investor’s returns. This study
shows that Debt Mutual fund has given better
returns as compared to other asset classes for
shorter period of time i.e. for one year period.
However, for long term investors,equity mutual
funds have performed consistently better as
compared to other asset class.This study also
reveals that change in budget relating to LTCG
holding period for immovable property has made
the real asset investment class more attractive
for wealthy investors.
Keywords: Mutual Fund, Net Asset Value, Long Term Capital Gain, Stock Index, CAGR.
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