Wealth Creation

Discussion in 'Words of Wisdom' started by amitrandive, Nov 14, 2014.

  1. amitrandive

    amitrandive Well-Known Member

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  2. amitrandive

    amitrandive Well-Known Member

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  3. amitrandive

    amitrandive Well-Known Member

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  4. Smart_trade

    Smart_trade Moderator

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    I was doing some number crunching this weekend and found that some mutual funds have created wealth for their investors.....there are many such funds.

    Franklin Templeton's Prima fund is one of them....Rs 5 Lacs invested in 2001 are worth Rs 2.5 crores all taxfree wealth today......this period also has a 2008 bear market when all funds NAV was reduced to half.

    Smart_trade
     
    Last edited: Apr 10, 2017
  5. Singhraja

    Singhraja Active Member

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    Sir from which site you got the data of 17 years
     
  6. Smart_trade

    Smart_trade Moderator

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  7. vagar11

    vagar11 Well-Known Member

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    Power of compounding at 28% CAGR.
     
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  8. Smart_trade

    Smart_trade Moderator

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    Yes actually for we traders 28% CAGR looks easy....as we have to make 28 % in a full year or 2.25 % per month....child's play is it not ?...but I wonder how many traders will take Rs 5 L to 2.5 Cr after all the charges and taxes in 16 years....consistency comes into play here.

    Smart_trade
     
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  9. travi

    travi Well-Known Member

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    Their research has definitely been top notch Sirji, both the prima and prima plus has around 30% weight in Banks/NBFC.
    Absolutely nailed it, if you BN was at around 4k in 2009 and almost 22k a couple of weeks ago.
    The index has also displayed consistent strength amongst all sectors when IT was sent back to the stone age :D
     
  10. princy01

    princy01 Well-Known Member

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    I will try my best to be there in 5 years or less, if it means total 2.5 crores, and not every year

    This year tax will be around 8 lacs, with some other income included........ , profits from trading only is around 33 lacs
     
    Last edited: Apr 11, 2017
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