Asset class returns: equity is the winner
The best year for domestic equities in these years was FY21. The low-base effect of FY20, in which markets witnessed a sharp correction due to the outbreak of covid-19 aided returns in FY21, in addition to stronger economic recovery and global quantitative easing
Winners among asset classes keep rotating but equity (including large-, mid-, and small-cap) has been the best performer in most years, as per the financial year-wise performance data collected for the last 10 years for various asset classes (see table, check online for full table). Here’s a quick look at what the data say about each asset class.