Indian equities likely to exhibit resilience in 2023: Windmill Capital
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Bengaluru: According to Windmill Capital, a Research Analyst and subsidiary of smallcase Technologies, the Indian market will continue to exhibit resilience in 2023 continuing the trend from 2022, with manufacturing, electric mobility, infra, and as themes doing well. This despite concerns around global slowdown and a possible recession in the West due to unwinding of monetary policy by major global central banks.
Escalation of geo-political tensions between Russia-Ukraine, China-Taiwan, and a fresh spike in prices of crude oil are major challenges to global economic and equity growth. In 2022, comparative to most global markets, the Indian markets have managed to be in the positive terrain with gains of 3.02%.
According to a recent smallcase – Zinnov report, retail ownership in listed equities in India has increased steadily over the last few years. Retail investors have been dominating India’s stock market since the pandemic with 93% (respondents of a survey as part of the report study) showing interest towards investment in new-age financial products such as smallcases among others.
Some popular smallcases in 2022:
* Equity & Gold smallcase was the most invested in smallcase in 2022
* All Weather Investing smallcase, a 3-in-1 asset allocation of equity, debt, and gold for all market conditions was the smallcase that most new users invested in last year
* Top 100 Stocks smallcase, an ETF-based basket to invest in India’s most powerful companies was the most preferred choice for users as their second smallcase investment
* The Dividend Aristocrats smallcase was the smallcase that investors rebalanced the most
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