Milestone 1 Post: 1 CR

Hi folks,

This is my second milestone post. I briefly hit the 2Cr mark about 1.5 months back, but waited till now to post since I believe market fluctuations can no longer bring the corpus below 2Cr.

Current asset allocation:

• Equity (~65%)
  • Mutual Funds:
    • US Markets Index: ₹32.4L
    • Nifty 50 Index: ₹55.6L
    • Parag Parikh Flexi Cap: ₹14.37L
    • Direct Domestic Equity: ₹21.29L
    • USD Investments (Listed): $11,000 (~₹10.24L)
• Debt (~23.6%)
  • Gilt Funds: ₹4.76L
  • FDs: ₹4.05L
  • Cash: ₹11.31L (10L to be deployed to USD next week)
  • EPF: ₹28.91L
• Gold (~12%) : ₹24.48L (SGBs + GOLDBEES; new additions only in GOLDBEES, excluding physical gold)
• Real Estate (~0.4%) : ₹0.75L (still in REITs – unable to understand them clearly). Looking to buy a land parcel in my hometown as a long-term bet for 10-15 years.
• Liabilities: None

Note: Not accounting for exercised/un-exercised ESOPs & physical gold.

Updates since last milestone

Trust in Govt schemes eroded

I invested heavily in SGBs via secondary markets but felt betrayed by the recent changes in SGB taxation. Have now reduced EPF contribution to the bare minimum of ₹1,800/month. Stopped NPS and PPF (invested nominal amounts – will write them off).

Life updates

Had significant expenditures – got married, bought a car, and went on 2 exotic international vacations, all self-funded. That delayed this milestone. Also, in DINK phase right now.

Health took a toll due to work. Now focusing on health – started working out and paying close attention to diet.

Stopped equity inflows for a year before marriage, got back on track ~6-8 months post-wedding. Still no urge to RE (Retire Early). The FI part has definitely helped me stay calm under work pressure – I can leave any day if it becomes toxic.

More focus on USD

If I could change one thing in my investment journey, it would be getting aggressive into USD earlier – either by switching to a USD-earning job or via the IBKR route right after the government capped MF foreign outflows. I understood the benefits of our weakening currency, but kept put waiting for the govt to raise the threshold (less tax compliance). Recently opened an IBKR account and am gradually allocating funds, investing in the MSCI Developed World Index.

Open to suggestions and constructive criticism. Thanks for reading!