Inflation is the rate at which the general level of prices for goods and services is rising and consequently, the purchasing power of currency is falling. The effects of Inflation are huge. And, it does not just affect areas like our salaries and the cost of purchasing a home etc. It hits us from every angle - Food prices go up, transportation prices increase and the cost of various services and goods skyrocket over time. All these factors make it absolutely necessary that you account for the impact of inflation on your long term savings and financial goals.
Average Inflation in India for last 3 years is as follows -
2016 - 5.71%
2015 - 5.88%
2014 - 6.37%
Projections are based on historical returns, therefore, actual returns may vary subject to market risks and cannot be guaranteed.
All projections are annual, compounded annually. Your investment till - Rs. . Expected Corpus in - Rs.