The Interesting Case Of Sadashiv Phene


wealthymatters

Yes I do have my monthly SIPs and I do have a mutual fund portfolio,but long term readers know I lean towards investments where I have a greater degree of control and in general I like to keep things simple and predictable.And I like to invest directly into an asset rather than buy derived products.To me,mutual funds are savings products or places to park cash till better investments turn up.

Today I came across the story of Sadashiv Phene. Here is a gentleman who has built up a respectable net-worth on the basis of mutual funds.Do read the links below.I guarantee you ,you will not waste your time.

I enjoyed reading his story because it opened my mind to new possibilities.

Obviously,the Indian stock markets are less controlled now,the UTI is no longer a lone giant and mutual fund distributorship margins are thinner now.Perhaps,his strategy is not exactly replicateable today,but my guess is it will still help build a decent corpus on the side.

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About Keerthika Singaravel
Engineer,Investor,Businessperson

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