A 2019 study by market regulator SEBI found that over 95 per cent of Indian households preferred to park their money in bank deposits. Money in savings accounts pay interest, but not a lot. The average savings account interest rate is 3 per cent and the current average inflation rate is over 6 per cent, so when you keep money idle in the bank, you actually end up paying money to the bank to keep it safe for you. The value of your savings doesn’t even match inflation, meaning the money in the bank doesn’t even retain its value as long as it sits in the bank.
You need to put your money to work to maintain your standard of living. To see growth in the value of your savings, you need to invest it and if you want real money growth that beats inflation in the long run, you need to put money into equities. Financial instruments that have exposure to equities as an asset class have the requisite capability to gain in value and grow. Take the example of Rs 100 invested in the S&P BSE Sensex index on January 1, 1980 when it was 118.16— 42 years later, on January 1, 2022, the index value was 59,183.22, or worth Rs 50,078.9.
FLAVOURS OF EQUITY
Diese Geschichte stammt aus der April 25, 2022-Ausgabe von India Today.
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THE AGE OF INFLUENCERS
A TRIBE OF YOUNG, EDUCATED INTERNET WARRIORS IS SHAPING PUBLIC OPINION WITH CURATED VIDEOS ON SOCIAL MEDIA PLATFORMS
Scoring a Century
Manoj Bajpayee has just acted in his 100th project-Bhaiyya Ji
FRAGMENTED RUINS
A new exhibition at Gallery XXL, Mumbai juxtaposes the artworks of an Indian and a Spanish artist
United by Art
Moments in Collapse, SAHMAT's group exhibition at Jawahar Bhawan in Delhi brings together artworks with politically charged themes
In Her Mother's Voice
Vidya Vox's exuberant new EP, Sundari, is primarily in Tamil as a tribute to her mother
"MURDER, HE WROTE"
Ashutosh Rana and Vijay Raaz shine in JioCinema's Murder in Mahim, a web series based on Jerry Pinto's layered crime novel
FLAGRANT VIOLATIONS
Gujarat sees another major tragedy as businesses flout safety norms and officials look away. This time it's 33 lives lost in a blaze at a gaming zone
THWARTED FRANCHISE
Robertsganj, on the southeastern tip of Uttar Pradesh, is a study in how a coalition of other castes often defeats the aspirations of the majority caste among Dalits-in constituencies reserved for the Scheduled Castes
THE LAST FRONTIER
PURVANCHAL HOSTS THE BIGGEST STAR CANDIDATE IN INDIA: NARENDRA MODI IN VARANASI. THAT MAY BE A NO-CONTEST, BUT CRAFTY CASTE PLAY BY THE SP-CONGRESS POSES A CHALLENGE IN THE OTHER DOZEN SEATS
THE FIGHT FOR POLITICAL CAPITAL
Leading the campaign as non-playing captains or taking the electoral field themselves, a whole range of political players exemplify the churn that Punjab's politics is going through