Multibagger, a term coined by Peter Lynch, has become a buzzword. Investors hunt for such stocks that may give them 10x or 100x returns, but they are not prepared that such x journeys may be long and one might have to yearn for years for it.
I am giving details of a real case here. One of my investors, who invested Rs 1000 once in 1995, now is sitting on a value of Rs 2,57,505 in the year 2023. He had invested the amount in NFO of Reliance Growth Fund(Now, Nippon India Growth Fund) and during the long period of 28 years, will all ups and downs, with rapid swings in fund value, he remained a mute spectator and saw his portfolio value occasionally. Click here to read the rest.