FD, debt mutual funds cannot cope with high inflation, will destroy savings. The solution lies elsewhere

At this point in time, and in the months to come, it will be almost impossible for savers to earn more than the inflation rate if they stick to fixed income assets. Bank FDs, debt mutual funds and pretty much every other kind of deposit will earn you such meagre returns that the real value of your money will go down. We are squarely in the realm of what are called negative real interest rates.

Consumer inflation is now running at a rate of

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