Here’s an inspiring tale of how a 24-year-old turned a mere Rs 2,000 investment into a staggering Rs 100 crore fortune in the stock market.
Picture a young man accumulating a Rs 100 crore fortune while still pursuing his studies. While most of his peers are busy living life to the fullest, this extraordinary individual transformed a mere Rs 2,000 investment into a multi-crore success. Now, at just 24, he is celebrated as one of the nation’s leading stock investors. Who is he, and what are the secrets behind his remarkable journey? Let’s uncover his inspiring story.
Trading Journey
This is the story of Sankarsh Chanda from Hyderabad. His fascination with share trading began at the young age of 16. While studying for his BTech at Bennett University in Greater Noida in 2016, his interest in the stock market grew, though he had not yet begun investing.
Inspiration from Benjamin Graham
During this period, Sankarsh stumbled upon an article by American economist Benjamin Graham, renowned as the father of value investing. This ignited a deep passion within him to profit from the stock market, prompting him to leave his B.Tech studies and immerse himself in stock market research.
Investments
Sankarsh Chanda embarked on his stock market journey with just Rs 2,000 from his pocket money. He consistently invested small amounts, eventually pouring around Rs 1.5 lakh into carefully chosen stocks over the next two years. To his amazement, that Rs 1.5 lakh blossomed into Rs 13 lakh in just two years. Now, at 24, Sankarsh is regarded as a seasoned player in the stock market, equipped with a sharp intuition for when, where, and how much to invest to maximise his profits.
Known as 'Little Jhunjhunwala'
Sankarsh has earned the nickname 'Little Jhunjhunwala' in the stock market community. His investment strategies mirror those of renowned investors like Rakesh Jhunjhunwala, one of India's most prominent investors. Sankarsh's knack for mastering the intricacies of the stock market and generating significant wealth in a short period has led to this well-deserved title.
Selling Shares
After amassing considerable profits from the stock market, Sankarsh Chanda founded his fintech startup, Savart (Svobodha Infinity Investment Advisors Private Limited). This company aids investors in navigating the stock market, mutual funds, and bonds. Remarkably, he sold shares worth Rs 8 lakh in 2017 to finance his startup.
Startup
Through his startup, Sankarsh earned Rs 12 lakh in the first year, followed by Rs 14 lakh in the second, and Rs 32 lakh in the third. Additionally, his startup achieved a turnover of approximately Rs 40 lakh in 2020-21. He reinvested these earnings into the stock market, further multiplying his wealth.
Authoring a Book
Despite his financial success, Sankarsh leads a humble life. At just 24, he has already authored a book titled 'Financial Nirvana.' In a recent interview, he shared that his current net worth is approximately Rs 100 crore.
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