A 28-year-old IT professional from Hyderabad has found a way to turn his parents’ financial dependence into a steady income stream of over ₹15,000 per month, giving them security and peace of mind. Growing up in a financially constrained household, the techie witnessed his parents make countless sacrifices, from skipping meals to struggling with school fees. “I always feared that if my income stopped one day, my parents would face hardship,” he told a Reddit post detailing his journey.
His solution: instead of continuing to be their only source of support, he decided to create a reliable passive income that could cover their monthly expenses of around ₹13,000, rounding it to a safe ₹15,000 per month.
Planning the corpus:
To achieve this, he calculated that a ₹25.7 lakh corpus generating around 7% annual returns would suffice. For safety, he targeted ₹30 lakh. Much of this capital came from his own investments in equities over the past few years, which he adjusted to focus on stability rather than wealth maximisation.
Choosing the right investment options:
The techie had two main criteria: safety of principal and predictable returns. He considered multiple options:
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Rental income: low yields of 3–4%
REITs: promising but relatively new in India
Government bonds: safe, with around 7% returns
State-backed corporate bonds: yields of ~9%, guaranteed by the government
Senior Citizen Savings Scheme (SCSS): 8.2% return with sovereign guarantee
Structuring the portfolio:
divided the ₹30 lakh corpus between his parents:
Father (66 years): ₹15 lakh in SCSS generating ~₹10,250 per month
Mother (58 years): ₹6 lakh in state-backed PSU bonds generating ~₹4,700 per month
This set-up ensures the income falls under the 0% tax slab for senior citizens, providing a total of over ₹15,000 per month in stable passive income. The remaining ₹9 lakh is planned for staggered deployment into safe fixed-income instruments, aiming to increase the monthly income further to ₹20,000–22,000.
The results:
Parents now enjoy a regular income without depending directly on their son
Portfolio is more balanced with reduced equity exposure
No tax burden on this income
Mental peace and financial security for both the parents and the techie
While this may not be a “perfect” plan, the Hyderabad IT professional’s story shows that with careful planning and safe investments, even small capital can create meaningful financial independence for loved ones.
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