Wealth Creation

Smart_trade

Smart_trade

Moderator
#434
#434
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
 
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S

Singhraja

Active Member
#435
#435
Smart_trade said:
I was doing some number crunching this weekend and found that some mutual funds have created wealth for their depositors.....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
Click to expand...
Sir from which site you got the data of 17 years
 
vagar11

vagar11

Well-Known Member
#437
#437
Smart_trade said:
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
Click to expand...
Power of compounding at 28% CAGR.
 
Smart_trade

Smart_trade

Moderator
#438
#438
vagar11 said:
Power of compounding at 28% CAGR.
Click to expand...
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
 
travi

travi

Well-Known Member
#439
#439
Smart_trade said:
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
Click to expand...
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
 
P

princy01

Well-Known Member
#440
#440
Smart_trade said:
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
Click to expand...
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
 
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