We conducted a study to compare the performance of Indian equity funds to that of the stock market and found that equity mutual funds in India have been relatively consistent in outperforming the broader stock market.
At Scripbox we are strong believers in the value of stocks or equity investing as a way to grow wealth over the long-term. However, we cannot completely ignore the poor performance of Indian equities over the last 5 years. This has given rise to a lot of concern in the minds of even long-term investors.
To get anywhere, you need a plan and the same goes for your financial future. Unfortunately a financial plan appears, to most of us, like a visit to the dentist - something to postpone until you wake up screaming in the middle of the night. So we came up with a financial plan that's more like a visit to your favourite cafe. It involves forming simple habits and takes less than an hour to start implementing.
I visited Kolar couple of weeks ago. Once famous for its gold mines, it is now more famous for its golf course on top of the ground. Mining for gold at Kolar was stopped about a decade ago. But coming as my visit did amidst raging debate about India’s balance of payments and the role of gold, I decided to ‘dig deeper’.
People are constantly searching for the best ways to manage their finances. Though there are several academic studies on the subject, recommending right strategies for people, our discussion with people suggest that people successful at this have arrived at their own ‘Practical Financial Wisdom’ in managing their finances.