Ramniklal Sheth, 52, owns a glass factory at Ghatkopar, an eastern neighbourhood of Mumbai. When he was 35, he was advised by a stock-market adviser to start investing in stocks only via systematic investment plan (SIPs). He bought five stocks worth Rs 1 lakh every month. Today, his portfolio has touched a whopping eight-digit figure. Sheth is hesitant to share the names of stocks in his portfolio but discloses that he mostly has invested in high-beta stocks.
Not only this, 12 years back, Sheth also started eight SIP accounts worth Rs 3 lakh each and since then has never discontinued any SIP, barring one from which he bought a luxury SUV two years ago. He is pleased to share that he has almost made high double-digit returns.