Combating inflation, rising rates: Value stocks to watch out in 2023 for a model portfolio

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Synopsis
What will work well in 2023? ET Prime has constructed a model portfolio based on value investing by including top 20 dividend-yielding stocks, whose price-to-book value is less than the Nifty 500. We also looked at their SMA for consistency in price movements. Here’s a list based on their 6-month and 1-year returns.

So, what were the defining moments for equity markets in 2022? Well, that’s not hard to guess. The breaking of the super-low interest regime and the rise of inflation in the US market are the biggest heartbreaks for investors across the world. Nobody had expected them, but they happened, and the phenomenon is likely to stay. In other words, the relationship of central banks, which were once the BFFs of the investment world, has turned sour. A