*Interesting BSE Sensex figures*

· As at January 8 2009, the BSE Sensex closed at 9071, a far cry from 20873
on January 8, 2008.

· Now, even if it took 5 years (Jan 2014) for the Sensex to reach
its previous high, the return would be *18.14% (CAGR) *.

· If it took *7 years (Jan 2016) *, it would be *12.64% *.

· And even if the Sensex reached that figure in *Jan 2019 (10
years) *, the returns would be *8.69% *.

· The surprise is that even for a *15 year time frame (January 2024)
* the Sensex would generate a CAGR of *5.71% *.

*Not bad at all when you consider that the 10 year Government Security
yields 5.65% (as on January 21, 2009 ) and that the long term
capital gains tax on equities is presently NIL