Why a chemical engineer’s simple money mantra attracts thousands of followers
Asan Ideas of Wealth, follows the unified portfolio approach. All his savings are invested in just two mutual funds—the Nifty50 index fund, and the Gilt Fund. The 53-year-old, a chemical engineer at a Gujarat-based fertiliser company, aims to maintain 50% allocation each in equity and debt.
“I am a firm believer of ‘keep it simple, stupid’ (KISS). I am not in the race of generating alpha. I should have enough corpus that when I need it I have it," he says.
Jauhri does not believe in tracking the performance of the portfolio frequently. On request, he shared that his Nifty50 index fund portfolio has generated more than 20% return over the past five years. Interestingly, Jauhri does not invest in any government-backed small savings schemes, be it the public provident fund, the Kisan Vikas Patra, or the National Savings Certificate.
“EPF is mandatory due to being in the job so I cannot help it, but otherwise I don’t want my funds to get locked in for a long period. Government-sponsored schemes also have a maximum investment limit. When I cannot invest my desired amount, I better take exposure in instruments where I have control over inflows and outflows," he says.
Born in Badaun, a small town in Uttar Pradesh, Jauhri does not have a finance degree. A chemical engineer by profession, he picked up on investing by reading and practising. Jauhri says he owes his knowledge on investing to newspapers and magazines.
“I was in the 9th class when the Harshad Mehta scam happened. It was all over the newspaper. I’d diligently read everything about it on the front and business page.
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