If I were to ask you, how well did the Nifty do in this century, your answer would be quite well.
Nifty closed at 1528.45 on 31st March, 2000.On 30th March, 2012, it closed at 5295.55.This represents a gain of 246%. A nifty gain by the Nifty you would agree.
But this is only one side of the story.
The performance of the Nifty in terms of a hard currency like Gold takes a different hue all together.
In March, 2000, one Nifty could have bought 3.95 grams of gold.In March 2012, one Nifty can buy only 1.94 grams of gold.(see chart below)
So the gain by Nifty wasn’t so nifty after all !