Good old fixed deposits have performed way better than most asset classes in 2018, reported Business Standard.
As per the report, a one year fixed deposit with the SBI generated more returns in 2018 than other investments such as equity, real estate and debt funds.
Even gold, that performed better than an SBI FD, was in par with the returns offered by some banks for fixed deposits, the report added.
Data till last week showed that equity returns ranged between 1.26 percent for Nifty in 2018 and 4.15 percent for the Sensex. Similarly many debt funds also experienced losses in 2018 owing to their exposure to IL&FS, the report said.
The situation was not much different in the realty sector as well. “Real estate prices remained unchanged during the current calendar except maybe in some micro market due to local factors. Investors in residential real estate earned 1.5 to three per cent rental yield on gross basis, while yields vary from four to seven per cent in commercial real estate, depending on location," Pooja Verma, assistant vice-president, Propequity was quoted as saying in the report.
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First Published: IST