Home » World As It Is » With the rapid evolution taking place in India, is it safe to keep my savings in Indian mutual funds for the long term? Given how quickly things are changing, is there a risk that the mutual fund industry might collapse or be significantly disrupted? I am asking because traditional options like fixed deposits often fail to keep pace with inflation.📈🌱⚡
Mutual funds are the safest investment still. Generally they take care of market volatility. Of course as far as the future is concerned, it is quite likely that it is likely to go all digital. But that is still sometime away. Fixed deposits are mainly for people who have sufficient amount and less needs. Otherwise Mutual funds are still the best as of date until bitcoins and cryptocurrency becomes the norm.
Affectioantely,
Alok Da
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