Many investors just pick a random number. Many investors pick up big numbers, usually Rs 50 lakh or Rs 1 crore which they think will suffice for their future. Inflation significantly reduces the purchasing power of money over time, so the amount that appears substantial now might not be enough in the coming years.
Post Top Ad
Sunday 14 July 2024
Home
Mutual funds
ET Mutual Funds Explains: Want to know the future value of your financial goals? Use this formula