New Delhi, Sept. 30 -- Following US 10-year bond yields reaching a 2002 high and crude oil prices remaining elevated, most assets, including equities, are under significant stress. For the Indian equity market, the situation is even grimmer, as the key benchmark indices are set to end the year in the red for the first time in 11 years. The Nifty 50 index is down around 13.50% YTD, the BSE Sensex is down close to 15% YTD, whereas the Bank Nifty index is downaround 8.50%.

This has affected the Compound Annual Growth Rate (CAGR) of the key Indian indices. The Nifty 50's 5-year CAGR has fallen below 5.50%, though it remains above 5%. Over the last five years, Bank Fixed Deposit returns have been around 6% to 6.50%. The poor performance of In...