I do a 6-month audit of my ‘net-worth’ for many years now. These audits help me in accountability and also as a historical reference for my kids when I won’t be in my mortal body to guide them. This also gives them an idea of what I went through to create the corpus they’re using.
Making this public once every year as I might lose physical copies of it; a digital copy is way better & I am hoping my kids in future will prefer reading it in this format on some type of smart glasses that will be invented by then, than reading it on paper.
Everything below is for my kids and I am writing it only for them. Everyone else, please don’t consider it as investment advice. I am not a SEBI-registered investment advisor, please consult one of them if you need advice.
Year 2025:
Changes compared to 2024 (YoY)
Expenses: Increased 4.8%
Income: Increased 28.8%
Savings: Increased 34.4%
Family inflation rate: 4.8%
I am a DIY investor who loves to keep his portfolio as simple & as boring as possible. I divide my entire portfolio into ‘Risk Fund’ and ‘Safe Fund’.
What I consider Safe Fund?
FD
Cash
Gold (Better to consider this in Risk Fund)
Debt Funds
Savings Bank Account
Provident Fund (EPF/PPF)
What I consider Risk Fund?
Direct Stocks / REITs
Crypto
Equity Mutual Funds
| Desired Allocation | Current Allocation | |
|---|---|---|
| Safe Fund | 40% | 25.61% |
| Risk Fund | 60% | 74.39% |
Now, let’s double-click on each of these to dig deeper.
Safe Fund
| Desired Allocation | Current Allocation | |
|---|---|---|
| Cash + Debt Funds + PF | 20% | 21.04% |
| Gold | 20% | 4.56% |
- Already have 15L family health insurance, 1 Cr Term Insurance & 6-month Emergency Fund stored in Savings Account & Liquid Funds.
- Gold is currently about 60% physical and 40% in ETF & SGBs.
- Not buying SGBs anymore as no new tranches announced & not expecting them anytime soon.
- For PF & NPS, I mark it down to 0 to calculate my net worth as I don’t expect to get both back.
- Under-counting net worth is never bad. If I get it back – well & good, if I don’t I won’t get super hurt/sad; as there is a high chance of government locked schemes to be seized directly or indirectly.
Risk Fund
| Desired Allocation | Current Allocation | |
|---|---|---|
| Mutual Funds | 45% | 53.7% |
| Direct Stocks, REITs | 10% | 10% |
| Crypto | 5% | 10.7% |
More about Mutual Funds:
| Desired Allocation | Current Allocation | |
|---|---|---|
| US (Nasdaq 100) | 25% | 25.85% |
| Largecap (Nifty 50 + 2 Flexi Cap) | 30% | 30.43% |
| Midcap (Next 50 + Midcap 150) | 25% | 30.58% |
| Smallcap (1 Active Fund) | 20% | 13.15% |
- One of the two flexi caps has insanely huge AUM so mostly it’s large cap oriented. As per my comfort level, am fine to tag both as “Large Cap”
- Nifty Next 50 is a very volatile index, so I consider it as “Mid Cap” as per my comfort level.
- Capital Control – RBI’s refuses to increase overseas investment limit like last year for mutual funds. And that created significant issues in the geographic diversification of my portfolio.
- As mentioned in last audit, I was exploring direct US investment through Vested, INDmoney etc. But fees & tax declaration complications kept me on the sidelines.
- Now actively thinking on the new – GIFT City Fund route. Will probably choose a GIFT City US Index Fund (FoF) by mid of 2026.
- Further reduced US allocation (desired) from 30% to 25% mainly due to above points. Probably will be increased once I start with GIFT City Fund.
- Majority of my crypto holdings (when measured in current INR value) is Bitcoin, stored in my self-custody wallet & not on any exchange.
Summary:
- 2025 has been amazing – Added 1 more income source.
- I don’t trust Govt Inflation Data (CPI). For me in FIRE, three most important letters are FIR. I call it Family Inflation Rate. Our FIR for 2025 was 4.8%
- Family’s net worth increased by 62.8% YoY i.e. compared to Dec 2024.
- So considering income rate & net worth increase – In both metrics, we beat inflation.
- Reflecting on 2024’s audit, it looks like as strategy indices’s popularity didn’t match performance. Most strategy funds’ performance was below average. SIR mantra saved dad once again.
- Craze for Indian equity funds has significantly slowed down due to poor 2025 performance & people have moved on to US AI stocks, gold & silver. Dad is concerned about these.
- People are hating Indian equity (mainly IT stocks) & bitcoin. As per people, Indian IT story is over due to AI taking over. As usual, Dad likes exploring when things are hated.
- Dad is sticking with our simple & dumb portfolio. No major changes expected.
- Dad is actively monitoring how many MF units are acquired. Not looking much at XIRR. Also all focus is on “Increase Income”
- Used family’s Enjoyment Fund on 4 domestic trips in 2025.
Last portfolio audit: 2024
Your dad,
SIR
