Prathit Bhobe who has about two decades of experience in the capital market says that there is a temptation for investors to cash out when they see a return. One feels rich by cashing out, but one becomes wealthy by compounding, he said in an interview with Moneycontrol’s Kshitij Anand.
Bhobe who is a CEO & MD, Tata Asset Management highlighted that 42 years back Sensex was 100 and it is up 500 times since then. In 1990, Sensex touched 1,000 for the first time and 30 years from then led to a 50-bagger return.
