Where to hedge

Have exposure to gold and funds that have exposure to overseas markets

Market performance has clearly varied according to market cap in 2018. Since January 2018, the Nifty has a positive return of 5 per cent, the Nifty Next 50 is down 8 per cent, while the Nifty Midcaps 250 and the Nifty Smallcaps 250 have lost 5 per cent and 27 per cent, respectively. Overall, the NSE500 is down 2 per cent.

Even the Nifty has delivered less than the one-year fixed deposit rate. So, it has not been a good year for equity investors. Apart from domestic political trends and a slowdown reflected in poor Goods and Services Tax (GST) collections