Conquered 1cr milestone today by investing in Mutual funds

[grahameb]

@densi What all assets did you invest in? What does your portfolio allocation look like now, if you're comfortable sharing

 

[densi]

@grahameb Only in Mutual funds and structures (market linked debentures). I used to have a mix of equity and debt MF's, but now its almost all equity, across the major categories of funds.

 

[dave3b]

@densi Hi sir, what debt mutual funds are you invested in? Would you recommend gilt funds for long term debt portfolio?

 

[densi]

@dave3b I no longer invest in debt funds as the returns under the new tax regime barely beat inflation and are significantly less than an equity mutual fund.

 

[dave3b]

@densi But you would need to hold cash as well right? Where do you keep that?

 

[densi]

@dave3b A small portion is liquid and I'm not really bothered about returns. A mix of FD, savings account, 2 debt funds (longer and short term).

 

[dave3b]

@densi Cook thanks

 

[globularity]

@densi a newbie question but is something like this possible with investing in nifty 50 index fund? I’m 23, investing 5k/month into sip of nifty 50 index fund, what would you suggest to have a similar growth in my future as you did?

 

[leras]

@densi Thanks for sharing

 

[toyie]

@leras Do share the MF details as well

 

[leras]

@toyie I would set a bad example if I share those details. In 6 years I invested in 97 different mutual funds.

https://preview.redd.it/hv1bf794rtf...bp&s=b3fae1541608b945423bc9a8644ae66114f46be1

 

[medengconfused]

@leras Whaaaat the. And I thought I was a mess with about 20.

 

[leras]

@medengconfused I know. I created a mutual fund out of mutual funds

 

[holyroller132]

@leras

I created a mutual fund out of mutual funds

hahaha I think we've all been there at some point

 

[womanofgod31]

@leras Uno reverse, OP is a fund manager himself

Edit - typo

 

[rose37]

@leras Man this line is so funny. By the way OP, thanks for this, i just started a very small investment in MF, as I get familiar slowly i will increase. Hopefully reach 1 cr in about 7 years if I do this consistently

 

[risien]

@leras It is a fund of fund of funds

 

[mearck07]

@leras But still managed to achieve 12.x% IRR

 

[cloture]

@medengconfused I am at 27 right now

 

[leras]

One of the reasons I got too many funds is to optimise tax.Example - Assuming you invest 10k in Nifty 50 every month. Instead of investing in one fund, invest in 10 different Nifty 50 funds across fund houses each month. Now assuming 5 / 10 of those investments are in loss. Redeem those and re-invest on the same day but in this process STCL is booked. Now square off that STCL with STCG from arbitrage fund at the end of financial year.

My verdict is its not worth the effort.