BECOME A CROREPATI: INVEST IN INDIAN MUTUAL FUNDS

When you become wealthy or wealthier, you can make your life more comfortable. You can help the needy and the downtrodden. I have written about the past richness of India and what happened in the past few centuries. When Christ was born India was the richest country in the world followed by China. Its riches were robbed when it became a colony in the 1800s. Then I explain what a mutual fund is. A mutual fund is a company that pools money from the investors and invest and manage the money for them. Why should one invest in Indian mutual funds? Indians are smart and hard working. It is democracy with full freedom. Indians are highly educated. Indian economy is growing at a pace of 6 to 7% annually. As the middle class is growing fast, the demand for goods domestically is high. So manufacturing and business will keep growing for decades to come. Indain mutual fund managers have shown their might in the past few decades. When I reviewed, I found 8 funds with an annual growth of over 30% over the last 5 year period. I found around 100 funds yielding an annual growth between 20% to 30% in the last 5 years. This is fantastic. I have given A SIMPLE YET VERY POWERFUL METHOD of investing in mutual funds in India. This is the method I have been using for many years with phenomenal results. I have explained the magic of compounding by giving a true story from India. The trick to become wealthy, is to start at a very early age. Because of the beauty of compounding, the results will be unbelievable. Let us say that you start investing at age 30, Rs1000 per month, and it grows at 25% a year, at 65 you will have Rs120,746,326. This is like magic. Even if it grows at 15% a year, you will have Rs10,707,217. This is a simple way to create a lot of wealth. You need to spend an hour every one year to adjust the portfolio and I have illustrated the way. There are no capital gains if you hold on to the investment for one year and one day. Let the mutual fund managers do all the brain work and make money for you. The final results will depend on the age you start investing at and for how long and the amount invested and the growth rate. The time is ripe for investing in Indian mutual funds and they should be growing at 6 to 7% a year for decades to come. If you choose the top performing funds, the growth rate of your funds can be 30% or even more