Official consumer price inflation data may say one thing, but inflation is the daily price for consumption. You know things to do to ensure that you are not letting that demon eat into your wealth.
You must ensure that equity and equity-linked assets are always in your portfolios. A primary reason is that equity assets outperform all other asset classes convincingly, giving you the highest return. If you invested ₹50,000 yearly since 1994, you put around ₹14.40 lakh. That money is worth ₹58.8 lakh today if you had invested in a fixed deposit and ₹70.2 lakh if you had invested in a public provident fund. If you had put the same money in gold, it would have been worth ₹1.2 crore. You would feel pleased about that. However, an investment in the Nifty 50 index would have propelled your ₹14.4 lakh into ₹2.8 crore.
This story is from the November 11, 2024 edition of The New Indian Express Bengaluru.
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This story is from the November 11, 2024 edition of The New Indian Express Bengaluru.
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