Is there any one in India who has become rich by investing in mutual funds?

This man:

Rakesh Jhunjhunwala

Also known as Warren Buffet of India. He started his journey in 1985 with INR 5k ($80). Now, his net worth his INR 12,500 crores ($1.85 billion) just by trading in Stock Markets. He is #56 richest man in India and #894 in the world (Rakesh Jhunjhunwala).

Here is his story:

After completing the CA he told his father that he wanted to go in the stock market. His father reacted by telling not to ask him or any of his friends for money. Earn and trade with your money. He started his career in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. . Between 1986 and 1989 he earned Rs 20–2.5 million. His first major successful bet was iron mining company Sesa Goa(now Sesa Sterlite). He bought 400,000 shares of Sesa Goa in forward trading, worth Rs 10 million and sold about 2-250,000 shares at Rs 60–65 and another 100,000 at Rs 150–175. The price rose to Rs 2200 and he sold some shares.

Jhunjhunwala bought 6 crore shares of Titan in 2002-03 at an average price of around Rs 3. The stock is currently trading at 390 Rs level and his investment value is now 2100 crore, which made around 35 lakh per hour for him. In 2006 he bought lupin around 150 Rs which is now trading at 1100 levels. He bought crisil around 200-300 levels which is now at 1800. Likewise there are so many stocks in his portfolio that made huge money for him.

Currently, He is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of various Indian companies such as Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.

He is such an influential figure in Indian Stock Markets that his name alone is sufficient to create commotion in the stock prices. In June 2015,  there was some day-trading activity in the stock Surana Solar by 'Rakesh JhunJhunwala' on June 8. While the Street did not pick it up then, it jumped in when the same trade was repeated on June 9, hoisting the stock to over Rs 60 levels, a gain of around 10 per cent. The next day, CNBC TV 18 reported that the 'Jhunjhunwala' who bought the Surana Solar shares was different from the billionaire investor. The stock tanked soon after and the sheep which blindly followed what they thought was the 'big bull' were caught in the trap.

Such is the influence of this person. Here is another picture of Mr. Rakesh Jhunjhunwala in an interaction with Deepika Padukone:

He is a great investor and an inspiration for many budding investors such as myself.