- Wealth PMS
Subra of Subramoney.com mentioned in my Sensex Roling Returns post that if we account for dividends, returns may look much better. So I took the Nifty Total Returns Index, which includes reinvestment of dividends, and gives you a picture.
Remember, the 5 year returns without dividends (okay, for the Sensex, not the Nifty) are like this:
Dividends do add a percentage point or two, and that can make the return attractive. Still, the five year at 4.55% doesn’t look very exciting.
(All returns are annualized)