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Asset classes
How each part of the Indian market is doing against cash, after adjusting for its own swings.
| Name | Score (0–100) | Phase | 3 months | 1 year | Benchmark |
|---|---|---|---|---|---|
| Equity | 23 | Catching up | −7.1% | −8.7% | Cash (overnight fund) |
| Bonds | 13 | Catching up | −2.1% | +1.1% | Cash (overnight fund) |
| Commodities | 42 | Falling behind | −5.7% | +25.9% | Cash (overnight fund) |
| Real Assets | 50 | Falling behind | −2.7% | +7.0% | Cash (overnight fund) |
| USD/INR | 45 | Falling behind | −0.9% | +7.0% | Cash (overnight fund) |
Equity
Shares of companies, through index ETFs. Compared with cash to show whether equity risk is being rewarded.
Bonds
Government bonds, target-maturity bond ETFs and liquid funds. Compared with cash.
Commodities
Gold and silver ETFs backed by physical metal. Compared with cash.
Real Assets
Listed REITs (offices, malls) and InvITs (power lines, roads). Compared with cash.
USD/INR
US dollar vs Indian rupee. Rising means the rupee is weakening — this lifts gold and international returns in rupees.