4 days ago

From Rs 2,500 to Rs 70,000: Pune Investor’s Wealth Lessons

From Rs 2,500 to Rs 70,000: Pune Investor’s Wealth Lessons
Rs 2,500 to Rs 70,000 SIP: 10 lessons from a Pune man’s Rs 1 crore portfolio · financialexpress.com

Mayuresh Jadav started investing a small amount of Rs 2,500 each month.

Over time, his income increased and he raised his monthly investment to about Rs 70,000.

He now has financial assets worth around Rs 1.03 crore.

His money came from several places, including mutual funds, EPF, gold, US stocks and property.

He also had to support his parents, help pay for his sister’s wedding and repay loans.

One financial product he bought did not suit him, so he lost money when he left it.

His property has not grown as much as his equity investments, but its rent helps his parents.

The main lesson is to start with what you can afford and increase investments as your income grows.

You do not need a perfect plan if you keep learning and continue investing.

Key facts

Current monthly SIP
Around Rs 70,000
Initial monthly SIP
Rs 2,500 in 2017
Financial assets
Approximately Rs 1.03 crore
EPF corpus
Around Rs 32 lakh
Current annual package
Around Rs 40 lakh
Pune property
Bought for around Rs 57 lakh; currently valued at about Rs 75 lakh
Monthly rent
Around Rs 28,000, directed to his parents in Nashik
LIC policy outcome
He exited after around eight to nine years and received about 70% of his invested amount

Sources

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