Growing in popularity as a dependable investment option for individuals looking to accumulate wealth are mutual funds. We’ll examine real-world mutual fund success stories in this blog to show how wise investing choices can result in financial gain.
These success stories can motivate you to take risks and realize your own potential as an investor, regardless of your level of experience.
Story 1: Smitha- Mutual Fund Success Stories
This is the first success story of a lady named Smitha. She is working as Deliver Manager at Capgemini.
She started investing in Mutual funds in 2008. First, she started with Tax gain and slowly moved towards others. Now her portfolios are diversified and one simple mantra she learned during her investments is “Invest more when the Market Crashes and do your regular investment other times”.
Believe me, She never lost any money in mutual funds till now. She also invests in shares but she is more into mutual funds.
One important point would like to tell to all new mutual fund investors. Don’t invest the bulk amount in one shot in mutual funds always invest as SIP.
Story 2: Another success story of a young girl: Aasma Makkar
She is a 23-year-old girl living in Mumbai. She was working as a Graphic Designer at a publishing company with an in-hand income of ₹27,000 a month.
Her CTC is ₹29,000 a month, out of which ₹2,000 goes straight to her PF account. This shall be her fixed income. Coming back to the expenses, on the second of every month, once her salary gets credited an amount of ₹22,000 is auto-debited to another account for handling household expenses, and the remaining ₹5,000 gets auto-debited to her savings bank account.
Out of the ₹5,000 She has saved in one month, She has started two SIPs and made lumpsum in the third. First is the Nippon India Large Cap Fund, for which she pays ₹1,500, and it gets auto debited on every 20th of the month; the second is the UTI Nifty 50 Fund, for which ₹1,000 gets auto debited on the 15th of every month.
Once She saved over ₹35,000 as cash in her savings account, she decided to make a lump sum payment of ₹10,000 towards the Parag Parikh Flexi Cap Fund in April 2024. It would take her more than 4-5 months to get back to save the amount she had invested in the Parag Parikh Fund.
Story 3: The Power of Long-Term Investments: Akshit Kumar
At 30 years old, Akshit, a software engineer, began investing in mutual funds. He continued to be dedicated to his investments despite market turbulence. His fund had exponential growth after 15 years, surpassing various conventional saving plans and outperforming inflation. Akshit’s achievement demonstrates that consistent investing in mutual funds can yield substantial profits.
Story 4: Muskan Journey: A Journey to Financial Security
As a businessman, Muskan has always supported diversity. To reduce risk and maximize growth, she distributed her investments among mutual funds that offer both debt and equity options.
Her balanced portfolio over a 10 year period enabled her to attain financial security even in the face of market downturns. Her achievement serves as a reminder of how crucial investment diversification is.
Story 5: Check Out Rewards of Compounding: Anurag Investment Success
Anurag began investing in mutual funds at a young age, but it wasn’t until 20 years later that he really understood the power of compounding. Through consistent contributions and reinvesting of his gains, his initial modest investment grew into a sizeable nest fund. His experience shows the value of time as an ally while investing in mutual funds.
Story 6: Passive Income Through SIPs: Vikram’s Story
Throughout his career, Vikram, a retiree, depended on systematic investment plans, or SIPs. Because of his methodical approach, he was able to accumulate a sizeable retirement fund. His mutual fund investments now generate a consistent passive income that enables him to live a financially independent life.
Conclusion: These mutual fund success stories suggest that, with the appropriate strategy, building up wealth through mutual funds is not only useful but also achievable.
You may use these real-world examples to inform your investment plan by learning important lessons about patience, growth, and taking advantage of compounding. If you want to read more blogs then must check top10expertguide blog section.
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