The average CAGR return of the Sensex in the last thirty years is a stupendous 17%.
This 17% compounding resulted in the BSE Sensex delivering a return of 100x over the last thirty years. So, if you had invested Rs 1 lakh in the Sensex in 1984, it would have become Rs 1 crore in 30 years.
This 17% compounding resulted in the BSE Sensex delivering a return of 100x over the last thirty years. So, if you had invested Rs 1 lakh in the Sensex in 1984, it would have become Rs 1 crore in 30 years.
No other asset class has given those kinds of returns over the same period. Mind you, long-term taxation on equity is zero. So we are talking of tax-free returns here.
Also, the money invested in equity is always liquid and can be redeemed within two days in case of any requirement. So we have an asset class which is liquid and delivers tax-free returns.
Also, the money invested in equity is always liquid and can be redeemed within two days in case of any requirement. So we have an asset class which is liquid and delivers tax-free returns.
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