Real return
Market basicsReturn after tax and inflation — the change in what your money can actually buy.
In plain terms
A 7% FD in the 30% slab with 5.5% inflation returns about −0.6%. The rupees grew; the purchasing power did not.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Ponzi scheme
Regulation & taxA scheme that pays early participants out of money contributed by later ones rather than out of any real return.
In plain terms
In India the promise is the tell: an assured return above deposit rates on a market-linked product is not permitted, so the guarantee is the fraud rather than a feature of it.