Not only did equity do badly in 2018, the other asset classes failed to deliver good returns and offset the underperformance in equity. For instance, the average return of the gilt funds category was just 6.73% and even this modest return was because of the government bond rally during the last three months. Similarly, gold generated negative returns in dollar terms—the small gain in rupee terms was because of the fall in our currency in mid-2018.
Traditionally, investing in different a ..
