The month of December was down just 0.5%.
The last two years have been lousy. The index is down over 10% from its highs in March 2015.
The 10 year SIP return falls to 7.3%
If you invested a constant amount every month for 10 years, your overall return would be just 7.3% in the Nifty. Add about 2% for dividends and you get a number that’s potentially beatable by fixed income products!
For this graph to look decent next year, the index needs to rise about 20%. It doesn’t look possible, with shattered earnings, a lousy macroeconomic situation and falling growth.
But on the positive side, there isn’t much else you can invest in now either. Hopefully the next 10 years are better!