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Sankarsh Chanda's fortune rose astronomically after his investment of Rs 1.5 lakh. After ejecting from Bennett University, he invested Rs 8 lakh in a wealth-generating company.
He currently has an intimidating net worth of Rs 100 crore a figure based off his investment portfolio and also his company's current valuation.
The stock market has witnessed some of the most iconic investors and brokers ever. Names like Warren Buffett, Benjamin Graham, Radhakishan Damani, and Rakesh Jhunjhunwala, “The Big Bull, " are a few of the most prominent players considered to be the biggest stock market investors admired all over the world.
All these experts have excelled at stock market strategies and driven the financial market with their prediction strength.
Although very young, Sankarsh seems to be one of the newest names in the stock trade, the "wall of fame," or at least on that trajectory. In this article, we'll be having a closer look at this inspiring prodigy.
The Indian stock market prodigy Sankarsh Chanda, 23, is from Hyderabad, the city where mom lives. He started investing when he was 17 and now has a massive net worth of $100 crores!
Savart, a fintech firm that allows users to put money into stocks, mutual funds, and bonds, was founded by Sankarsh. Svoboda Infinity Investment Advisors Private Limited is his company's legal name.
In 2017, he started Savart with an investment of Rs 8 lakh after departing Bennett University (Greater Noida), where he was enrolled in the second year of the Btech Computer Science program.
He made the decision to stop studying in order to devote himself fully to stock trading, and today, 35 people work with him in the fintech firm, according to TheWeekendLeader.
Journey To High Investment Returns Of Sankarsh Chanda
After graduating from Slate - The School in Hyderabad in 2016 with a Class 12 diploma, he began making stock market investments. He invested additional money over the following two years after beginning with Rs 2,000.
He allegedly replied, "I invested around Rs 1.5 lakh across a period of two years. My shares' market value increased by over Rs. 13 lakh in only two years.
In order to launch his business in 2017, he first sold shares for Rs 8 lakh. He then maintained the remaining funds in the market and continued to invest from his startup's profits, according to TheWeekendLeader.
"Currently, I am worth Rs 100 crore. Sankarsh, 23, argues that it depends not just on his stock market investments but also on the worth of his firm. He began investing in the stock market at the age of 14 after reading a study by American economist Benjamin Graham, regarded as the "father of value investing."
Before you can invest through the company's app, you must download the company's app and set up an account. The membership costs Rs 4999 without taxes.
The app offers several investing alternatives for different budgets. Sankarsh claims that investing is so straightforward that even beginners may start with tiny sums.
"When we first started, the yearly subscription plan cost just Rs 99/-. After that, it was 299/-; in January, it was Rs 4999/-.
The business makes money via subscriptions and between 1% and 2.5% of clients' returns on their investments. Through Savart, clients have invested close to Rs 9 crore thus far.
The business turned over Rs 12 lakh in its first year, Rs 14 lakh in its second, Rs 32 lakh in its third, and Rs 40 lakh in its fiscal year (FY) 2020–21.
In his book Financial Nirvana, published in 2016, Sankarsh discusses the distinction between trading and investing and provides advice on diversifying one's portfolio and grasping the market.
He suggests The Intelligent Investor, Security Analysis, and The First Three Minutes of the Universe to anyone who wishes to learn more about money and investing.
A Peek Into Sankarsh Chanda’s Lifestyle
Sankarsh has founded Stardour, an aerospace technology company that will work on space navigation technologies, deep outer space, and space research.
Sankarsh prefers to live a humble life in gratitude for the fortune he has acquired in his youth.
Sankarsh, who prefers a modest outlook in a t-shirt and shorts, says he doesn't often cash in on his stocks since he is not attracted to luxurious living. According to him, he only dresses formally when he has to go to a performance or deliver a speech. However, to learn more about finance, you need to enroll in the best stock market institute to get mentorship and gain knowledge about trading. The mentorship will give you the rich skills to manage risk, and you can book more profits.
With his huge net worth of 100 crore, Sankarsh Chanda’s story and lifestyle is the ideal picture of a startup founder going places. You can also earn like Sankarsh Chanda if you are ready to learn all the basics of forex trading.
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