Reader Story: My Mutual Fund Journey

Last Updated on

This week on reader story, Shashank Bisen talks about his mutual fund investing journey. Reader story is a series where freefincal readers talk about how they have managed money over the years and how their approach and attitude has changed. You can access the full archive of all past posts. If you are interested in sharing your story, you can send me a mail.

Part1: Getting introduced to mutual funds: It all started in Feb 2016, when I turned 30. My wife and I talked about extending our family and having adequate funds to support it along with my retirement.  I always knew saving is necessary but how much should I save was a difficult question. Till now I use to save money in PPF and Tax saving Fixed Deposit. Then one day my head of Engineering Puneet Tanwar took a session in office telling is experience about the importance of saving and how mutual funds can give an edge in it.

Part2: Search for mutual funds: After the session, I spend a few days in trying to understand about Mutual funds and ways to invest in it. I was sure that I didn’t want to spend too much time in this as I was not sure if I had an appetite to take risk and time to manage and analyses which fund to choose.

During my exploration, I came across multiple sites like FundsIndia, Goalwise, Scripbox and few others. I tried registering to them and explore the options. The most prompt among them was Goalwise, I remember getting a call from them in few mins after registering for a call back from Swapnil (one of the founding members for Goalwise) introducing things like the different type of mutual funds like debt and equity funds. Along with that he also shared an excel sheet which asked my details of expenditure and helped me with calculating my retirement corpus, which was five crores 20 years down the line and made me realise that I am saving too less for my future.

In further interaction, he introduced me to their risk assessment calculator and automatic rebalancing logic used by them to balance risk, at first everything seems to be what I was looking for, so I thought of going ahead with them, and hence I started a SIP with them from April 2015.

Part3: Getting introduced to Asan Ideas for Wealth

After nearly two years one day again I was having lunch with my Puneet Tanwar (Head Of Engineering), and we started discussing mutual funds and our experience so far in it, and he asked me if Goalwise is proving me direct or regular mutual funds and I had no idea what he was talking about. Later I went to his desk, and he found out they were providing me Regular mutual funds, and he showed me a difference in the expense of regular and direct mutual funds.

Later in the evening, he sent me links for freefincal to read and then added me to Asan Ideas for Wealth Facebook group. Meanwhile, whenever I had time I use to go through the blogs, and it seems like I can connect more through it, the best part was whatever question came across my mind after reading a blog was answered in another blog and it seems like I found someone who has the same thought process as I have.

Though I was not much active on Facebook, I used to check AIFW Facebook group once a day and started found out that I am not alone who is confused about saving and, it gave confidence that though I am a little late in understating the financial terms but not too late either.

Step4: Finally getting introduced to Direct Funds After being an active reader of both Freefincal and AIFW. I decided that the best way for me to plan my retirement in to save half of my monthly income and that too into direct funds. Hence from May onwards I started exploring few direct funds and invested in them for a few months through Kuvera after stopping all my active SIP’s through Goalwise.

Step5: Learning about index funds After a few months, I still had the same question before starting with Goalwise I always wanted things to be as simple as possible and didn’t want to run around researching which mutual fund is the best one and which among my portfolio is not performing well and needs to be removed.

The one day I came across Pattu sir’s bog on investing in index funds which gave me answers to my above questions.

And then from past 20 months the moment I receive my salary I invest half of in it the below funds and then invest the remaining after paying all my credit card bills (I live my entire month on credit cards, but I make sure I use them very wisely)

  • UTI NIFTY 50 (50%)
  • UTI NIFTY NEXT 50 (25%)
  • PPFAS (25%)
  • For Debt Part (as per my current assessment my EPF fulfil my needs)

And after a year of stopping my SIP from Goalwise, I have switched my funds (both debt and equity) to the funds mentioned above.

I maintain a balance of 4x of my monthly expenditure in my wife’s Kotak Mahindra bank account and use my annual bonus and stocks (after selling them) to plan out my next year family trips and rest as FD for an emergency.

I know I still need to go through a long journey and need to be prepared for the future, but I believe I am on the right track towards it.

Do share if you found this useful

About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of freefincal.com.  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
Want to conduct a sales-free "basics of money management" session in your office?
I conduct free seminars to employees or societies. Only the very basics and getting-started steps are discussed (no scary math):For example: How to define financial goals, how to save tax with a clear goal in mind; How to use a credit card for maximum benefit; When to buy a house; How to start investing; where to invest; how to invest for and after retirement etc. depending on the audience. If you are interested, you can contact me: freefincal [at] Gmail [dot] com. I can do the talk via conferencing software, so there is no cost for your company. If you want me to travel, you need to cover my airfare (I live in Chennai)

Connect with us on social media


Content Policy

Freefincal has original unbiased, conflict-of-interest-free,  topical reports, reviews, commentary and analysis on all aspects of personal finance like mutual funds, stocks, insurance etc. All guest authors and contributors to the site also do not have any conflict of interest. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. No promotional content We do not accept sponsored posts and link exchange requests from content writers and agencies. This is our privacy policy Our website is non-profit in nature. The revenue from the advertisement will only be used for hosting charges, domain registration charges, specific plugins necessary for traffic growth and analytics services for search engine optimisation.

Do check out my books


You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingMy first book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.  It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantGamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantMy second book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

The ultimate guide to travel by Pranav Surya

Travel-Training-Kit-Cover This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step.  Get the pdf for ₹199 (instant download)

Free Apps for your Android Phone

All calculators from our book, “You can be Rich Too” are now available on Google Play!
Install Financial Freedom App! (Google Play Store)
Install Freefincal Retirement Planner App! (Google Play Store)
Find out if you have enough to say "FU" to your employer (Google Play Store)

Blog Comment Policy

Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.

Leave a Reply

Your email address will not be published. Required fields are marked *