A lot of major investors have amassed their fortunes through a straightforward, disciplined, and profitable long-term investment approach. However, no matter how experienced or disciplined you are, if you have fallen short at the first step of investing, i.e. stock market selection, it will be challenging for you to build long-term wealth.
In this article, we have listed the top 8 wealth creator stocks 2020 in which you can consider investing in 2021 and build a robust portfolio.
Top 8 long-term wealth creator stocks of 2021
The following are 8 stocks listed as top wealth creators based on their past performance:
- Reliance Industries
The energy-to-telecom giant emerged as the largest wealth creator in the last fiscal year. Between 1995 and 2020, it amassed a net worth of Rs. 6.3 lakh crore. In the previous 25 years, Reliance Industries has made a cumulative net profit of Rs. 3.78 lakh crore, as per reports.
- Hindustan Unilever
It is an FMCG company that primarily operates in the home care, beauty & personal care, and foods & refreshment industries. The company has manufacturing sites all over the country and mainly sells to Indian customers. Hindustan Unilever, which ranked second in 2020 among wealth creator stocks, generated Rs. 4.9 lakh crore in revenue.
- HDFC Bank
It is a Mumbai-based publicly held banking corporation. Retail banking, wholesale banking, and treasury operations are among the banking and financial services provided by the company. HDFC generated a 19% compound annual growth rate in FY 2020.
Infosys is a prominent consulting, technology, outsourcing, and next-generation digital services business that helps clients implement digital transformation plans. During the last 25 years, it has made a cumulative net profit of Rs. 15,20,00 crore.
- Bajaj Finance
With a strong presence in urban and rural India, BFL has a diverse lending portfolio that includes retail, SME, and commercial customers. It also takes public and corporate deposits and provides a wide range of financial services to its clients. Bajaj Finance has a commendable track record of being among the top ten wealth creators.
It is the country’s leading cigarette manufacturer and retailer. At the moment, ITC is involved in five business segments. With a cumulative net profit of Rs. 1.20 lakh crore, ITC is also among the top wealth producers.
- Tata Consultancy Services
Tata Group’s flagship firm primarily provides consulting services and software solutions to businesses. Currently, it is India’s largest exporter of software. The company is also involved in BFSI activities along with retail and telecommunications.
- Godrej Consumer Products
It is a fast-growing consumer goods company that makes and sells household and personal care items. The company has more than ten brands with a variety of products in different parts of the world.
The ease of investing in stock market depends on the amount of research invested. An expert advisor, which is available on most stockbroker websites, can help you with your research immensely.