The bigger task is to find companies that are showing growth of 20-25% CAGR in the sectors which are undergoing megatrends and that is where concepts of TechnoFunda investing comes in, says Mashrani.
Many investors fail to realize the power of compounding, Vivek Mashrani, Founder of TechnoFunda Investing – Vivekmashrani.com said in a podcast with Moneycontrol on the sidelines of Traders Carnival 2021.
Even if you are 30 years old and have missed out on investing in markets you can still compound wealth systematically by using TechnoFunda Investing.
“How to make Rs 100 crore by investing Rs 10 lakh was a concept originally introduced by Ramesh Damani in one of the guest lectures. How retail investors can make it big despite having a small amount of initial capital, but it is possible if they understand the power of compounding,” explains Mashrani.
“If you start with Rs 10 lakh and start investing at the age of 30. It is still possible – thanks to the power of compounding. The CAGR which will be required will be around 20-25% that will double money every 3 years,” he explains.
The bigger task is to find companies that are showing growth of 20-25% CAGR in the sectors which are undergoing megatrends and that is where concepts of TechnoFunda investing comes in, added Mashrani.
(Tune in to the podcast for more)
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Kshitij Anand is the Editor Markets at Moneycontrol.
