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*The story of 4 investor friends*
–Ankit, Bala, Charu & Deepak. All of them start investing in SIP of the popular HDFC Top 100 Fund. Each of them had different strategies to start investing but their objective was the same, i.e. to build the most wealth.
Ankit starts his SIPs on Jan 1, 2007 when the market had been growing for 3-4 years
Bala starts his SIPs on Jan 1, 2008 when the market have raced to their peak; Bala does not want to lose out of wealth creation in growing markets
Charu starts her SIPs on Jan 1, 2009 at the peak of Global recession when the market had crashed by 50% from its peak; Charu believes that she will make more money because of starting when markets are low!
Deepak starts his SIPs on Jan 1, 2010 after waiting for recession to get over and markets to stabilize.
Who got the biggest returns and made the most money?
Do you think that Ankit and Bala would make low returns because their investment suffered from recession