SwirlyLlama

Just hit my first milestone in mutual funds 🥹

Hi everyone.

This month I wanted to share a very exciting news for me with all of you.

I have finally hit my first milestone of 1cr in mutual funds after 7 years of investing. (Including a 2 year break in the middle when I went for my post grad)

Want to hit the number of 10cr in the next 10 years. Do you guys think it'll be possible? Some guidance will be helpful on how to achieve it.

18mo ago

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MagicalBurrito

Publicis Groupe18mo

Congrats for achieving this milestone. Out of this 65% is your capital and 35% as returns. I believe it is not good return for 5 years tenure.

SleepyNugget

Infosys18mo

That’s a SIP. Definitely it’s excellent returns.

SparklyPanda

Stealth18mo

XIRR is 19% man, what else do you want?

SquishyMochi

ICICI Bank18mo

5 crore in 10 years can be done... 10 is difficult

SwirlyLlama

Stealth18mo

I do about 1.5L SIP right now and some lump sum here and there. What if I do a step up every year of about 10%?

I'm asking because earlier I didn't do 10% step ups. Just arbitrary increases based on salary increases or bonuses.

SleepyNugget

Infosys18mo

1st crore is always the most difficult. If the market continues like this, 10Cr is definitely doable.

GigglyBurrito

Microsoft18mo

Bro could you plzz tell me what are all mutual funds that you have right now? Which one have SIP ??

SwirlyLlama

Stealth18mo

Bro earlier I used to do mostly large cap. 2 years back shifted to - Quant small cap Parag Parikh flexi Icici nifty 100 And Mirae mid cap fund

PrancingSushi

Accenture18mo

Share the best practices that you have done to achieve the same .... congratulations for the milestone

DancingUnicorn

Siemens18mo

Hey, First of all congratulations for reaching the Milestone. Can you explain Year wise when u started, how much each year u put and each year return can u tell me?

SwirlyLlama

Stealth18mo

Thank you 😁 Bro first year was only 24k (2k per month) I had no idea how mutual funds worked. This was in 2017 I think.

Then I slowly increased it to 50k then 1L and so on. I very recently increased it to 1.5 actually. Let's say about 5 months ago.

Tbh it's the lumpsum that also helped here and salary increase after post grad. I got some ESOP liquidity and put it all in mutual funds 😬

ZestyBiscuit

Cisco18mo

How much is your monthly salary that you are able to invest 1.5L?

BouncyHamster

Morgan Stanley18mo

What's ur CTC? And it's breakup if you can disclose

SwirlyLlama

Stealth18mo

Bhai 🥲

PeppyMochi

Stealth18mo

What app is this?

SwirlyLlama

Stealth18mo

Bro I'm using Infinyte club app to track them in one place.

I had some mutual funds which I bought directly from AMC so it just made it easier to track in one place.

MagicalMochi

Stealth18mo

Can you give an invite to this app

JumpyPretzel

Stealth18mo

Do you not invest in direct stocks?

SwirlyLlama

Stealth18mo

I can't share that because it's really bad. 😂

I tried bro. But I don't think it's for me.
I have around 6-7L invested there too. Just in case you were curious. But my FD returns are better than my stock returns. 🥲