Where Should Your Next ₹1 Lakh Go: Stocks, FD, Gold, Or Real Estate? Ft. Ajay Tyagi| FWS 101

"I would have said yes to this provided the gold prices hadn't gone up so significantly. So now you're saying bring it down to 10%. Bring it down 10%. One of the things that we track is the returns by we call it the gold to equity ratio. We look at the returns made by gold over the last 10 years whereas versus the returns made by let's say S&P 500 over the last 10 years. When this ratio becomes one or higher, it just tells you that gold has actually peaked. You can do the same thing by looking at MCX gold versus nifty50. So, uh it is giving us this indication that gold price has moved up very steeply. Possibly gold has peaked. The returns from gold over the next 5 10 years are not going to be that strong."

"At the end of the third year, you must have 15 to 20% into global equities. And I would say my favorite place for global equities is US."

"China can be a tactical exposure. It's very cheap today. So while US is expensive and therefore we are slightly weary about uh you know how the markets could behave over the next couple of years China is exactly the opposite very cheap right now but you know often times cheap is cheap for a reason there is no comfort in the Chinese market uh the market is opaque their policies are opaque they're not a true democracy they change the rules of the game at their own whims and fancies so I'll not be uh not a long-term player for China you're not a long-term player in China it's an okay short for one to two years you're for at best just about a year uh is what I would say."

"In any case post taxes there is enough and more evidence that Indian equities outperform Indian real estate uh very very convincingly."

"There's plenty of data to show that most of the commodities over the last 20, 30, 40 years uh have not been able to match up the returns given by equities. ... So, uh there is no evidence to show that long-term investing in commodities is great."

"Within equities we are wary of mid and small caps. Therefore, we are saying mid and small cap allocation should be kept at the lowest maybe just about 10 to 15% put together mid and small."

"We are bullish on two things. We are bullish on technology as a theme. It is our belief that like the US India will throw up at least a dozen very strong technology platforms. ... To my mind there obviously will be at least a couple of dozen success stories out of this 110. And obviously this 110 is a is a number as of today is not static. This number will keep growing. So it is basis this framework that has already got developed that I'm very confident. ... consumerf facing tech companies will actually do very very well over the next 10 to 15 years."

"Eventually this market will just be two or maximum three players."

"The one sector which can do very well is the EMS space, electronics manufacturing uh uh uh uh space. ... Electronics manufacturing is actually a big theme which has wind in its sales also because the government is uh backing it up."

"The uh consumerf facing sectors by which I mean a lot of sectors particularly consumer discretionary uh could be uh you know uh the sector to watch out for."

"In the long run we feel it should continue because uh let me give you a very interesting statistic. ... India is 2 and a half%. This is a category which is massively underpenetrated. ... As this growth leads to wealth effect percolating down to smaller towns and cities across the country. Uh we will see uh you know cars in small towns, small villages everywhere."

"So we are positive on healthcare. We are positive on diagnostics as a theme. Uh we are positive on hospitals. ... And I would say pharmaceutical is also uh uh you know a big opportunity because ... the spend towards pharmaceuticals is also on a rising trend."

"It's a it's a commodity which will uh have a what what do you call as peak demand very soon. The world is shifting away from fossil fuels. number one once it hits its peak then it's when it's at its peak from there the demand will keep going down so who knows we could be at peak demand for coal within the next few years."

"The growth rates for the entire sector will certainly come down compared to the last 10 years. ... The system level credit growth is also not growing like I said in mid to high teens. Therefore growth rates one way or the other certain. ... that number is expected to grow at just about 12 13% now."

"If markets fall 20% tomorrow, what is your first reaction? I'll start putting in money. If it's 20% fall, then it gets into the attractive zone. ... there is enough data to suggest that after a very sharp fall usually markets recover within a year's time."