Investing in the Nifty in 2013 with Rs one crore would be worth just Rs 3.65 cr today. In comparison, the Parag Parikh Flexi Cap Mutual Fund would have turned the same amount into Rs 6.60 crore in the same period.
Gold, on the other hand, would have only grown to Rs 2 crore, and a fixed deposit at 7% per annum would be at Rs 2.27 crore after 11 years.
This goes to show that investing in the equity market can be highly rewarding, but it requires the right strategy and a diversified portfolio.
Many people lose money because they invest in the wrong stocks, follow hot tips without doing proper research, or lack a quality holding in their portfolio.
The key is to seek expert advice and work with trusted, experienced professionals to grow your wealth over time.
Just like you would consult a good doctor or lawyer for your health and legal matters, financial health also requires a trusted consultant.
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