Sourav Dutta
@Dutta_Souravd
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Investor, Trader Since 2013 / Helps you become financially smart / XLRI alum / Check Highlights & Pin / DM for 1-1 on Personal fin/investing
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Joined March 2023
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I am planning to open up slots in my calendar for 1-1 mentorship on personal finance/investment/asset allocation etc.
For more details, DM me.
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1 Cr is not middle class in India.
If you had 1 Cr, you can not:
1] Buy a decent 2BHK House
2] Get enough interest to live off FD
3] Leave your job and spend more time with family
4] Go on an international vacation with family
So, stop feeling fake rich and get back to
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Stock Market was not my hobby, it was my only option.
I was average at job, introvert and bad in office politics.
Realised early that this was my only shot at redemption.
You need a burning passion to succeed in anything.
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One of my ex colleagues in Bangalore age 30 earns 35 lac.
Has taken 1.25 Cr home loan.
Both spouse working.
Loan tenure 30 yrs.
EMI: 1 Lakh/month
Will end up paying 3.6 Cr in total.
Bad decision!
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My Definition of Wealth by Liquid Net-worth:
Poor : 10 Lacs
Lower Middle Class : 50 Lacs
Middle Class : 1 Cr
Upper Middle Class : 2 Cr
Rich : 5 Cr
HNI : 10 Cr
UHNI : 50 Cr
Don't Care Wealth : 200 Cr
Generational Wealth : 1000 Cr
Agree?
I am an HNI. What about you?
1K
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25 LPA salary in today's age is nothing.
Even a 3-5 year experience software engineer gets more than this.
Are tech salaries distorting the market?
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2014: Dividend covered mobile recharge.
2018: Dividend covered grocery bill.
2021: Dividend covered rent.
2024: Dividend covers total lifestyle.
Let the markets take care of your life.
Start the Dividend Snowball rolling.
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I invested every month for 10 yrs by saving +50% of salary.
Now my annual dividend is higher than my Year 1 salary.
Power of compounding.
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If you are in your 20s/30s,
- No iPhone
- Don't buy a house
- Don't buy a new car
- Buy health insurance
- Invest 75% in equity MF
Do this for 10 yrs and experience magic.
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Till you get 1Cr Networth, don't:
- Buy a house
- Buy a new car
- Buy Apple/luxury bike
- Go on vacation on flight
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Friends bought Honda Jazz, I bought Maruti Alto.
Friends booked new house, I increased my SIP.
Friends bought Rayban, I bought from Lenskart.
Spending within your means is a sure shot path to Financial Freedom.
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Imagine earning 50k per month and buying an iPhone.
3 months of hard work for a phone.
Anyone earning less than 2L pm shouldn't buy iPhone.
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My father had invested in LIC endowment plans through his agent friend.
Invested 2 Lac in 2010.
I made him surrender in 2020 and profit was 1L after 10 years.
4% CAGR - even PNB savings bank pays better.
Now the agent uncle is angry with me.
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My first salary was 75k per month in 2012.
Now my dividend income is more than that.
As portfolio compounds, dividends do too and soon you get pleasantly surprised.
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My friend, 32 yo has a current salary of 75LPA after 10 years of IT job.
Portfolio:
- 1.5 Cr house with 1 Cr home loan
- 15L equity/MF
- 20L FD
- 17L PF
He could have crossed 10 Cr net-worth in the next 7-10 yrs if he didn't buy the house.
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My lifestyle at 25 LPA in 2018:
In hand 1.4L
Rent 15k
Fuel, food groceries, eating out, house help 25k
Avg leisure travel and subscriptions 20k
SIP 50k
Direct stocks 30k
Save and invest +50% of monthly income.
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Planning to exit PCBL today after a good ride.
Will deploy the funds in an alternate stock.
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50LPA is still an aspirational salary for Indian Middle class.
It's good enough to lead a good life and have 50%+ surplus to invest.
I achieved Financial Freedom when my salary crossed 50.
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1. House 1 Cr (fully paid) + Car 20 Lac + Equity 10 Lac
2. House on rent + Car 10 Lac + Equity 1.2 Cr
Which one would you like to be?
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25LPA is too little for running a family.
25 LPA = in hand 1.5L per month.
Family of 3 would spend 1L on essentials, EMI / rent.
25K for eating out, movies, OTT, day trips.
25K for emergency and medical.
Nothing left to invest.
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Fake flex
- Audi & iPhone
- 50 LPA salary
- House
Real flex
- 1Cr Stock Portfolio
- 20 LPA Dividend
- Commercial Real Estate
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I agree that house is an emotional decision for most Indians.
Consider a 1 Cr Flat with Loan 90 Lakh and downpayment 10 Lakh.
Tenure: 20 yrs EMI: Rs 78K.
Alternate Solution : Delay buying this house by 10 yrs.
Invest 10L lump-sum + 78K SIP for 10 years in 4 MF.
2 Flexi Cap, 1
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My take on the Indian markets:
-Larger bull market will last till 2028
-Leading sectors are Metals, PSU/small Banks, Capital Goods, Infra
-Markets will be positive for 2-3 months
-A big sized correction will start around Oct 2024 for 6-12 months
-SMEs and sectors like railways,
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For my father, 1 lac per month income was aspirational.
For me, 5 lacs per month income is aspirational.
For my kid, 25 Lacs per month will be aspirational.
Impact of inflation. Equity is the only way to beat it.
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Lifecycle of a Middle Class Indian:
Birth
Go to College
Start Job
Get Married
Buy Car on EMI
Take Home Loan
Have 1-2 Kids
Buy 2nd Car
Take 2nd Home Loan
Spend 70% of savings on Kids' Education & Marriage Retire & Die as Middle Class
(Take a couple of Europe trips in
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Invest peacefully through Mutual Funds.
Use 2 Flexicap, 2 smallcaps and 1 Nifty ETF.
Continue monthly SIP into this for 10, 15 yrs.
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A 40 year old friend in Bangalore hopes to retire by 50.
He has the below assets:
- 10 lacs gold
- 20 lacs in equity MF
- 50 lacs Fixed Deposit
- 1.5 Cr house with 80 lacs loan
Annual expense 12L, income 30 LPA.
Can he achieve early retirement?
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I have worked under Indian and Foreign managers and have found working with the foreign ones better always.
Indian managers suffer from racism, gender bias, micro management, mid life crisis and keep a tab on the log in and log out times of team members.
Do you agree?
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I wanted to quit investing in 2018.
The Small Cap bubble burst.
I was down (-)40% in portfolio and (-)90% in confidence.
Somehow stuck around. Today I have a 9-figure Net worth.
Never give up on Equities!
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Those earning 50LPA aren't truly rich.
50 LPA salary is good for the ego but 10 LPA dividend is great for the bank balance.
Aim for passive income not salary.
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You only need 5 good equity Mutual Funds to become rich in 10-15 years. Anything more than that is overdiversification.
- 1 Nifty ETF
- 2 Flexicap Funds
- 2 Small cap Funds
All 5 must be from different Fund Houses.
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It took me 7 yrs to reach 1L annual dividend.
It took me 4 more yrs to reach 10L annual dividend.
The dividend snowball is real and I'm loving it.
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How to treat IPO investing as a business? Read on:
Live example from my brother’s account:
Capital : 10 Lac OD (against MF)
Period : Jan - Apr 2024
Total listing profit : 6.8 l
Total interest on od : 13k
Net profit: 6.67l
IPO investing can be a rewarding business if done with
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Suppose you start an SIP of 25K per month at age 25.
Keep doing this till age 50 with a total of ₹75L invested.
Now imagine this portfolio worth a whopping ₹7 Cr.
You just earned ₹6 Cr without doing anything.
Power of equities.
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50L salary = stress + BP
50L in stocks = dividend + freedom
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Investing isn't buying at 100, selling at 115.
Investing is buying MCap 1000 Cr, selling MCap 15000 Cr.
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I bought Rain Industries in 2015 for 55.
I sold it for 120 in 2017.
My 50k investment became 1L and I was overjoyed.
In 2022-24, BSE, Ambika, GMDC, Engineers, PCBL etc all made me 3-6X on a 5-10L allocation and still I am not satisfied.
As investor evolves, size increases.
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In 2015, I started a 50K per month SIP.
It didn't feel like a big amount then.
But it was a shift in mindset and discipline.
Now I make almost 1L per month in dividend income!
If I can do it, so can you.
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A friend earned 10L in IPOs from Jan - Sep '24.
Wants to buy an iPhone with the profits.
I told him not to.
Put the money back into applying more IPOs. Make hay while the sun shines.
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Salary buys stocks.
Stocks buy dividends.
Dividends pay for lifestyle.
Free lifestyle brings time freedom.
Use your 9-5 to give you back your freedom.
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This bull run has created overconfident investors.
Last week, my brother was at grocery store. He asked a local computer repair guy how it's going etc.
The guy said he opens his shop only in the evening since he does "stock market" in the morning with a smirk.
He also said
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3BHK Flat in Bangalore with Top Builder
Cost: 2 Cr
Rental Yield: 2-3%
10 yr Capital Appreciation: 0
+ Tax, Maintenance, Electricians, Plumbers
MF/Stock Portfolio: 2 Cr
Capital Gains: @ 15%, becomes 8 Cr in 10 yrs
+ Dividends, no stress, more time for family
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Success is:
Not buying a stock at 100 and selling at 150.
But, buying at MCap 200cr and selling at 5000cr.
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Wealth needed to be in top 1%:
India 1.5 Cr
Switzerland 50 Cr
USA 45 Cr
UK 25 Cr
Singapore 30 Cr
Enjoy the clean air in Europe when young, retire in India and enjoy the cheap services.
Only problem is the pollution.
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EPF has been created to keep you poor.
Save and invest for 35 years and earn 8% pa with real inflation 10%
Receive peanuts on retirement.
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Dividends feel like a joke in the first 10-15 years of investment.
After that they pay for all your expenses.
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Why PPF is a junk product?
- It has 15 year lock in and over such a long period, equity will outperform debt ALWAYS.
- 8% PPF rate caps the pre tax return to around 10.5%.
- Just the dumb Nifty50 will give 13%+ over such a long period. Active funds even more.
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ITD Cementation is getting super stretched too.
Will start looking for an exit next week and find some better opportunities.
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Salary: 10LPA
Hourly salary: ₹500 (2000hrs/year)
Annual dividend of 50K gives you time freedom of 100 hours.
Almost 1/2 a month worth of passive income.
Start building the dividend income stream today.
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Successful Investor:
Buy at 100
Hold at 93
Hold at 87
Hold at 76
Hold at 82
Hold at 91
Hold at 99
Hold at 125
Hold at 234
Sell at 347
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25 Lac salary brings a lot of responsibility.
25 Lac equity portfolio brings a lot of confidence and freedom.
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Market Outlook for the next 2 months:
1] All indices will All Time High before a big correction
2] Metals and PSU Banks to blast
3] Small and mid caps also will lure everyone to come in
4] Be careful and plan exit whenever everyone is positive
5] The next correction will be
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New traders must be prepared for losses for first 2-3 yrs.
In the next 2-3 yrs, they will earn Lacs of ₹ in a few days.
In my first 2 yrs trading, I was -30L.
In the next 2 yrs, I became +3Cr.
Compound your knowledge, profits will follow.
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I have rented all my life.
2012-20, paid 20L+ in rent.
2023 onwards paid another 15L.
Never bought any house.
Yet, achieved FI and retired in 10 yrs while landlords still working.
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Society wants us to
- Buy a house by 30.
- Own a car with 1st salary.
- Buy gold every month.
- Have insurance through LIC
Unless you ignore society, you can't have equity and freedom.
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Top 6 holding in my portfolio.
Ambika Cotton
Kanchi
NCC
Manali Petroleum
Maan Alu
Nahar Poly
Primarily commodity and Infra small caps.
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It's difficult to do stock analysis with a full time job.
Better stick to MF portfolio of 2 Flexicap, 2 smallcaps and 1 Nifty ETF.
Keep doing SIP every month and relax with family.
Wealth will be created in 15+ yrs.
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Booked profit today in ITD Cementation.
Using the rise to slowly exit some positions and churn the portfolio around.
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Start 50k SIP in MF portfolio today for 20 years:
2 flexi cap, 2 small cap, 1 Nifty ETF.
This should give 15% over a 20 yr portfolio.
In 2044, corpus = 6.6 Cr
Financial Independence achieved.
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The idea of working for others till 60 was a sad one.
This is why I invested 50%+ of my salary into equities.
Thankfully it paid off in 10 years!
30 is the new 60.
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Current portfolio top 6 stocks.
Real fun starts when Ambika begins blasting.
Portfolio is heavy on cyclicals and only for educational purposes.
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In 2013, my portfolio falls by max 10K in a day and I would feel depressed.
In 2024, my portfolio falls by 50L in a day and noone in my family even knows.
Stomach is more important than the head in stock market.
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10LPA through dividends feels much sweeter than 10LPA through salary.
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Target for a 25 year old for next 10 yrs:
- 6 months of expenses in FD ✅
- 0 Credit card/consumer debt
- 10L family health insurance + 50L super topup
- 2 Cr stock and MF portfolio
- 1 month salary in annual dividend
- 0 Real Estate, ULIP, LIC, PPF
- 10L in gold, silver ETF
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Most aim for a 50+ LPA salary.
We must aim for a 10+ LPA dividend portfolio instead.
Dividend Income > Salary income
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Salary hike 10%
Lifestyle hike 5%
Only path to become wealthy.
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"1 Cr is a lot of money"
"1 Cr networth is impossible to get"
Trust me, both the above statements are false.
With the current inflation scenario, any family with less than 1 Cr NW is not even middle class.
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My friend with a 15 LPA starting salary buys a 12L car in first 6 months on lease to save tax.
Middle class mindset starts from day 1 of job.
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The no. of Tax filers with income above 1Cr : 2 Lac.
Actual no. of 1Cr income earners : 2 Cr.
Even your roadside non AC Biryani shop would be earning 1 Cr profit.
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I started with investing 10K in a stock in 2012.
Added on to stocks and MF for 12 years.
Today the portfolio generates 7 digit annual dividend.
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I don't judge people by their looks.
I judge them by their top 2 portfolio holdings.
What's your top 2?
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The big bull market in commodities is under way.
This is going to be life changing for those who play it well.
Decade long run which started in 2020.
Don't let this go. It comes once in 2-3 decades and can change your life. Last was in 2003-8.
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I sacrificed:
- Fancy car
- Latest gadgets
- Buying own house
- Luxurious foreign travel
All that for not having to wake up to an alarm every morning.
It's worth it.
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30 LPA salary, 1.7L monthly inhand
Liability
1 Cr Home Loan
8L Car Loan
3L consumer/personal Loan
Asset
2L equity MF
7L LIC policy
0 Emergency Fund
0 Health Insurance
Salaried employee's path to staying middle class.
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I almost quit equities in 2018.
Small cap bubble had burst.
Portfolio -40%
Confidence -70%
Hope +200%
Today I am financially free.
Optimism and hope makes you a winner.
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Banks in Europe give 0% or negligible interest.
People are forced to invest in stock markets.
Banks in India too should stop giving interest for FDs.
Only then will Indians become rich.
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Mistake investors make
Buy at 200
Hold at 182
Hold at 175
Hold at 153
Hold at 176
Hold at 186
Sell at 192
Stock goes to 600
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Every 100 rupees invested in the stock market cuts your retirement age by 1 minute.
Prioritise it.
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If you start with 10 Lacs today and achieve 25% CAGR,
2034: 1 Cr
2044: 10 Cr
2054: 100 Cr
Rakesh Jhunjhunwala and Ramesh Damani made their wealth through this simple learning.
Magic of Compounding in equities!
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2012: CTC 10 lac, aspiration 15 lac car.
2022: CTC 60 lac, aspiration 15 lac annual dividend.
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2017: target 1 cr Networth
2021: target 5 cr Networth
2024: target 20 cr Networth
You need to have a vision to aspire and hunger to execute to create serious wealth.
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Don't do this in your 20/30s:
- No standing in line for iPhones
- No Coldplay or Diljit tickets in black
Instead, do this:
- Avoid high lifestyle inflation
- Create 3+ sources of income
- Buy Health Insurance for self, family
- Pay off personal/consumer loan ASAP
- Save 50% of
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30 is the age when you should figure out what you want to be doing at 50.
By 30, you start working towards your 50.
My 50: trading + investing + loads of travelling.
What's your 50?
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Financial Independence number for me is 50X annual expenses.
If your annual expenses is 10L, you need a portfolio of 5Cr to call yourself Financially Free.
What is your FI number?
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Salaried class remains salaried all their life because they aim for higher increments every year but use all their income in FD/home loan.
Don't be a money fool.
Be deliberate about your equity allocation.
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Earlier I used to think if I lose from a stock, I have to recover from the same stock.
Now I remove a stock from my watchlist after a big loss.
This simple mindset shift has been transformational.
Forget REVENGE and EGO. Market doesn't care.
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1 year.
2 hours a day.
Every single day.
Read Annual Reports.
Develop investing skills.
Enhance your stock picking.
Don't stop.
Nothing can stop you from achieving the wealth of your dreams.
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With a salaried job, don't buy direct stocks unless you are passionate about the stock market.
Just do SIP for 15-20 yrs and generate big wealth.
Enjoy your life and automate investments.
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If you think you are a long term investor but worried about stock prices in 2024, you will laugh at yourself in 2030.
Bull market will redefine your concept of high prices. Ride the bull.
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Financial planning for 25LPA salary family of 3:
Inhand 1.5L per month
Rent 25K
Grocery and living expenses 30K
Health and Life Insurance 5K
Travel and leisure 20K
MF SIP 70K
Follow for 15 yrs and FI is guaranteed.
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Portfolio compounds over time:
1st Cr - 8 years
2nd Cr - 9th year
3rd Cr - 10th year
4th to 6th Cr - 11th year
7th to 11th Cr - 12th year
Patience and faith in equities is the only path to big wealth.
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TEN SIGNS OF QUALITY SMALLCAP STOCKS
1: 5 year ROCE > 15% if Debt to equity > .5 else ROE > 15% should be fine.
2: Debt to equity < 0.2 if market cap < 2500 Cr. Else must have continuous growing sales for 5 years. Avoid D/E > 1.5
3: Operating margin must not be below 10% in
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0 to 1 Cr - you need to work for your money.
1 Cr to 10 Cr - your money needs to work for you.
Salaried employees rarely reach 10 Cr because they work for money and not let money compound for them.
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Checklist for your 20s/30s:
1] Don't buy a house
2] Buy Health Insurance
3] Avoid buying new car
4] Create 3 streams of income
5] Build a 6 month emergency fund
6] Invest 50% of income in stock market
7] Build Credit Score using Credit Card
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Lifestyle upgrades that make sense after hitting net worth milestones:
10L: Motorbike
50L: Foreign trip in Asia
1 Cr: Car
5 Cr: Foreign trip to Europe
10 Cr: Own house
25 Cr: Doesn't matter anymore
I didn't follow these rules when I was younger.
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I have worked with 50+ HNIs and dollar millionaires.
And observed their money habits closely.
Here are 7 financial learnings from real life Crorepatis:
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Have a hectic job or lack passion for stock analysis?
Invest through Equity MF. Don't do direct stocks.
Choose the following portfolio:
- 2 Flexi Cap
-2 Small Cap
-1 Nifty ETF
Keep doing SIP for 15+ years to see the magic.
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Price rise in Kolkata in last 2 years:
Fish : 400 per kg to 600 per kg
Mango : 25 per piece to 70 per piece
Flowers for Puja : 20 to 50
Milk : 18 per lit to 25 per lit
Actual inflation 50-100% in 2 yrs.
Govt. Inflation rate : 3.5%
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Job experience less than 5 years - Invest through MF only.
70% Equity MF
20% Ultra short term fund
10% Gold/Silver ETF
Equity MF - 2 Flexicap, 2 Smallcap, 1 Nifty ETF.
Invest for 15 yrs and a huge corpus will be generated.
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Want to calculate your Networth easily?
I have created an exhaustive calculator for you to self estimate your NW.
Want me to DM it to you for FREE?
• Like this post
• Comment "Networth"
• Follow my account
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85% of my capital is for investing.
15% for F&O trading.
I move 70% of trading profits to investments and add 30% to trading capital.
Dividends take care of regular expenses + hobbies.
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