What is the outlook for asset class till next summer? 3 experts give insights

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retail investor can look at in the next six months, i.e. till next summer.

And like the saying of Mr Baker, while it may be a rough ride, overall it seems to be blue skies at the end of the period. “Though next summer is a short period of time, if global GDP grows as it has done in the US and given that the RBI governor has already indicated that Indian GDP might surprise on the upside, we think increased economic activity could certainly bring positive bias to the (equity) market," says Abhishek Banerjee, Founder and CEO, LouusDew Wealth and Investment Managers. “With the US Fed pausing the increase in interest rates twice now in two consecutive meetings (US 10 years bond yield dropping by almost 10% in a span of a few days), it may be safe to assume that we are almost at the peak of the current rate hike cycle and going forward, any drop in the interest rates will fuel the markets," says Col Rakesh Goyal (retd) a Certified Financial Planner. “As far as debt goes, those with shorter-term goals may consider adding some duration to their debt fund portfolios, as we seem to be at or near terminal rates for this current cycle and any rate cuts in the medium-term future may result in capital gains," says Harsh Gahlaut, CEO, FinEdge.

However, with the tax arbitrage being done away with vis-à-vis FDs, investors now need to take a deep think on whether it makes sense to go for an incremental 1-2% additional yield. This option would probably make more sense to Ultra HNIs with large portfolios, for whom even a minute return differential would amount to a large rupee value differential.

“For most other investors, FDs are the way to go for shorter-term goals," says Gahlaut. “In terms of other asset classes, gold can certainly be