dmscotland
New member
I've always had the stupid goal, non-specific goal of reaching a networth of 1cr before I turned 30.And finally, on this Saturday morning, it came sooner than I expected. I fully expect to lose this milestone after a couple days of market downturn, but nevertheless, still feels nice to see the numbers turn.
Just sharing because no one else cares about this except me. Call it a prideful vent.Also, if someone has any critical comments on the breakdown/asset allocation/monthly investment?
Breakdown (Assets):
Value
Mutual Funds
₹4,785,233.00
EPF
₹1,024,036.00
Savings Accounts
₹350,938.00
GOLDBEES
₹450,322.00
FD + RD
₹54,146.00
PPF + Post Office
₹462,320.00
Vested RSUs (Fortune 500 Company)
₹2,558,365.00
NPS
₹345,330.00
Credit Card Debt
-₹21,632.00
XIRR: 20.73%, All-Time Return: 15.46L
Breakdown (Mutual Funds):
Value
Navi US Total Stock Market FoF Growth Direct Plan
₹ 6,69,653
Parag Parikh Flexi Cap Growth Direct Plan
₹ 11,48,341
Parag Parikh Conservative Hybrid Growth Direct Plan
₹ 3,49,983
UTI Nifty Next 50 Index Growth Direct Plan
₹ 10,84,042
UTI Nifty 50 Index Growth Direct Plan
₹ 12,63,267
Motilal Oswal S&P 500 Index Growth Direct Plan
₹ 2,52,205
Motilal Oswal Nifty Midcap 150 Index Growth Direct Plan
₹ 9,893
Monthly Investment: 1.4L SIP in Mutual Funds, and ~23k in ESPP at 15% discount
Breakdown (Monthly SIP of 1.4L)
Value
UTI Nifty 50 Index Growth Direct Plan
60.0 K
UTI Nifty Next 50 Index Growth Direct Plan
30.0 K
Navi US Total Stock Market FoF Growth Direct Plan
40.0 K
Motilal Oswal Nifty Midcap 150 Index Growth Direct Plan
10.0 K
Edit: Adding Additional Information for common questions people seem to have.
Job Profile: Software Dev
Salary Progression: (Displayed stocks I'm listing are only for the amount vesting that year. Every pay cycle, we get a new stock grant, which gets divided into 4 years. So I’m adding up stocks vested in a particular year only, across multiple grants.)
Company
Year
Pay
Banking
1
15.5 LPA
Banking
2
17LPA
Technology
3
26LPA + 7500USD stocks
Technology
4
30LPA + 14500 USD stocks
Technology
5
34LPA + 23250 USD
Net Monthly Pay (after taxes, EPF & ESPP deduction(23k)): 1.55L - 1.6
Average Monthly Expenses: 20k - 40k (Savings are fed by intermitted performance cash grants/yearly bonuses, rather than only monthly salary)
Investment Timeline: I’d been reading and setting up my mutual fund and demat accounts in the final semester of college.
So, first month of my paycheck (at age 22), I’d hit the ground running with 70% going to index fund SIPs. Being invested and staying invested, was more important.
Expenses of setting up in a new city (rental deposit, travel, etc) were fed by scholarship money left over from college.
Just sharing because no one else cares about this except me. Call it a prideful vent.Also, if someone has any critical comments on the breakdown/asset allocation/monthly investment?
Value
Mutual Funds
₹4,785,233.00
EPF
₹1,024,036.00
Savings Accounts
₹350,938.00
GOLDBEES
₹450,322.00
FD + RD
₹54,146.00
PPF + Post Office
₹462,320.00
Vested RSUs (Fortune 500 Company)
₹2,558,365.00
NPS
₹345,330.00
Credit Card Debt
-₹21,632.00
XIRR: 20.73%, All-Time Return: 15.46L
Value
Navi US Total Stock Market FoF Growth Direct Plan
₹ 6,69,653
Parag Parikh Flexi Cap Growth Direct Plan
₹ 11,48,341
Parag Parikh Conservative Hybrid Growth Direct Plan
₹ 3,49,983
UTI Nifty Next 50 Index Growth Direct Plan
₹ 10,84,042
UTI Nifty 50 Index Growth Direct Plan
₹ 12,63,267
Motilal Oswal S&P 500 Index Growth Direct Plan
₹ 2,52,205
Motilal Oswal Nifty Midcap 150 Index Growth Direct Plan
₹ 9,893
Monthly Investment: 1.4L SIP in Mutual Funds, and ~23k in ESPP at 15% discount
Value
UTI Nifty 50 Index Growth Direct Plan
60.0 K
UTI Nifty Next 50 Index Growth Direct Plan
30.0 K
Navi US Total Stock Market FoF Growth Direct Plan
40.0 K
Motilal Oswal Nifty Midcap 150 Index Growth Direct Plan
10.0 K
Edit: Adding Additional Information for common questions people seem to have.
Job Profile: Software Dev
Salary Progression: (Displayed stocks I'm listing are only for the amount vesting that year. Every pay cycle, we get a new stock grant, which gets divided into 4 years. So I’m adding up stocks vested in a particular year only, across multiple grants.)
Company
Year
Pay
Banking
1
15.5 LPA
Banking
2
17LPA
Technology
3
26LPA + 7500USD stocks
Technology
4
30LPA + 14500 USD stocks
Technology
5
34LPA + 23250 USD
Net Monthly Pay (after taxes, EPF & ESPP deduction(23k)): 1.55L - 1.6
Average Monthly Expenses: 20k - 40k (Savings are fed by intermitted performance cash grants/yearly bonuses, rather than only monthly salary)
Investment Timeline: I’d been reading and setting up my mutual fund and demat accounts in the final semester of college.
So, first month of my paycheck (at age 22), I’d hit the ground running with 70% going to index fund SIPs. Being invested and staying invested, was more important.
Expenses of setting up in a new city (rental deposit, travel, etc) were fed by scholarship money left over from college.