After ten years of MF investing Suhas is on track to achieve his financial goals

Published: January 22, 2023 at 6:00 am

As regular readers may know, we publish an annual personal finance audit every December – our  2022 audit was posted a few weeks ago. Since 2020 regular readers have been sharing their investment journey and portfolio reviews. Suhas was among the first to do this. He has graciously agreed to share the 3rd update on his finances with us. The first two editions are linked below.

About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the previous editions are linked at the bottom of this article. You can also access the full reader story archive.

Opinions published in reader stories need not represent the views of freefincal or its editors. We must appreciate multiple solutions to the money management puzzle and empathise with diverse views. Articles are typically not checked for grammar unless necessary to convey the right meaning to preserve the tone and emotions of the writers.

If you would like to contribute to the DIY community in this manner, send your audits to freefincal AT Gmail dot com. They can be published anonymously if you so desire.

Please note: We welcome such articles from young earners who have just started investing. See, for example, this piece by a 29-year-old: How I track financial goals without worrying about returns. Now over to Suhas.


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Hello all, Happy new year to everyone, I hope you all are doing fine. 

I cannot believe that this is my third post on freefincal. Thank you, Pattu sir, for the opportunity.

2020 and 2021 were eventful years; compared to those years, 2022 was a pretty quiet and smooth year, so this will be a very quick update.

Also, this year I completed ten years of mutual fund investing; 2012 was the year where I made my first equity/debt mutual fund purchase. There was a lot of learning over these years, and I wrote a post about it on my blog, do give it a read.

I try to write and update every quarter with more details on my blog DudduKaasu, do follow if you are interested.

 As always, the big picture comes first, the networth and its progress.

Net worth evolution of Suhas
Net worth evolution of Suhas
  • Equity consists of equity mutual funds, direct equity and RSUs.
  • Locked Fixed Income is debt with long-term lock-in. It consists of EPF and PPF.
  • Liquid Fixed Income is debt without lock-in. It consists of liquid funds, arbitrage funds, bank accounts and debt mutual funds.

Emergency Corpus

Change in emergency corpus
Change in emergency corpus

Made a small change here compared to last year, and moved around 25% of my emergency fund to a conservative hybrid fund.

I will obviously never recommend this to anyone, but since my emergency fund is fairly robust with around 1y of take-home salary, I felt keeping 55% in a liquid fund is a touch too much and hence decided to add a conservative hybrid fund, this will be the last fund that will be touched in case of an emergency.

Current allocations towards the emergency fund are 30% liquid fund, 40% equity arbitrage fund, 25% conservative hybrid, and the rest in bank

Kid’s Education Corpus

Kids education corpus
Kids education corpus

As said last year, I was contemplating on adding a debt fund towards this goal, but instead I added one more PPF account, which should mature when my child turns 19. On the equity side there is no change, it still has only a single fund and on the debt side, it now has 2 PPF accounts.

Why a PPF account and not a debt fund? This goal is another 13-15 years away means that PPF could be an ideal choice now. I know that PPF rates will eventually go down, but as I near the goal, more money needs to be pushed into the debt portfolio and 2 PPF accounts may not suffice, so somewhere down the line a debt fund will come into play, hence it was better to open a PPF account now and open a debt fund at a later stage.

What is the kid’s fund worth today? As said before, as of today, it should comfortably cover college fees.

 Retirement Corpus

Evolution of retirement corpus
Evolution of retirement corpus

No change in the strategy here; we continued to add to the gilt fund purchased last year.

Equity MF constitutes 64.9%, RSUs + direct equity constitutes 3.9%, Gilt fund constitutes 5.6% and EPF constitutes 25.7%

What is the retirement corpus worth today? The current corpus is around 17 times my current annual expenses.

Note: In my last post, I had put the Dec 2021 value at 154.5 when it was 215.11. 154.5 was June 2021 value. Sorry for that wrong info on the graph in the previous post

 As told before, I try to write and update every quarter with more details on my blog DudduKaasu, do follow if you are interested. Thank you.

Reader stories published earlier

As regular readers may know, we publish a personal financial audit each December – this is the 2020 edition: How my retirement portfolio performed in 2020. We asked regular readers to share how they review their investments and track financial goals.

These published audits have had a compounding effect on readers. If you would like to contribute to the DIY community in this manner, send your audits to freefincal AT Gmail. They could be published anonymously if you so desire.

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About The Author

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.
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