As an asset class, equity is a powerful tool to create wealth. Recently, the S&P BSE Sensex index hit the 50,000-mark, and is up 500 times since its base year in 1978-79, registering a CAGR of around 16 per cent. Despite being such a rewarding asset class, many investors are unable to reap the benefits of the power of equity investing.
A CAGR of 16 per cent does not mean a 16 per cent return every year, year after year – it is actually the total holding period return expressed in a ..
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