No they don’t. Because saving instruments like savings bank accounts or PPF give returns that fail to withstand inflation in the long run.

The inflation rate we come across in the news is not what we experience on a day-to-day basis.

Though the numbers released by the government indicate the rate to be 5-6%, the price hike for all goods and services is much beyond that. In this scenario, savings, alone, are not enough to safeguard the loss of your money.

So, while you may be able to grow your savings corpus with these investments, the purchasing power of that money will be lower.


Takeaway?

Don’t save, start investing in asset classes to build an inflation-proof portfolio. Stagger your investments in equity through

  • mutual funds or
  • consider investing in Real Estate Investment Trusts (REITs)
  • Sovereign Gold Bonds can be great, low-risk alternatives to investing in physical gold, as it is backed by the government.

If you do not invest today, be prepared to allow inflation to take away your hard-earned money.

Prevent this from happening by taking the right steps today.

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Consult an expert wealth manager from Mira Money to understand how you can create a portfolio mix that would weather the storm of rising inflation.

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