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We’d mentioned a few years ago in a video that if you invest ₹15,000 for 15 years at an investment avenue that gave you a 15%CAGR, you’d end up with ₹1 Crore!
A LOT of you asked us “who/where in this day and age do you get 15% CAGR - SO UNREASONABLE” it seems...Well, it seems if you’d simply invested in an index fund (one of the most vanilla of investments if you ask us), you would in fact get that kind of return.
The BSE SENSEX has crossed the 80,000 mark and isn’t feel like it will be slowing down anytime soon.
India is considered as not just an up and comer, but a bright becon among the major world economies bringing record FII’s to equities, showing strong political stability and a young and hungry middle class that has proved we’re here to stay.
What are you waiting for? Yes, ₹1 Crore after 15 years may not seem a lot, but you can always step up this investment and increase the wealth you will be creating as well!
Check out our broadcast channel for which index funds are around, tell us in the comments if you have any questions and we’ll see you in the next one!
Disclaimer: This information is for educational purposes only. Investments in mutual funds are subject to market risk. Read all scheme related documents before investing. Please do your own research before investing, consult a financial advisor if you have any questions.