Jiraaf co-founder Saurav Ghosh outlined a bond portfolio tied to investors’ cash needs, assigning its largest shares to lower-rated holdings with his highest return estimates, The Economic Times reported. Jiraaf’s company profile describes it as an online bond platform co-founded by Ghosh and Vineet Agrawal.
The Economic Times carried Ghosh’s comments in an ET Spotlight interview labeled an advertorial. He said he separates investments into growth, income and liquidity groups: growth money could remain invested for 10 or 20 years, income holdings would mature in one or two years, and short-term positions would provide funds for nearer expenses. He cited rent as an example of a cash-flow need and said income could support expenses or be reinvested.
Ghosh’s example puts 10% in Treasury and government bills with maturities of three to six months. He assigned 20% to AAA-rated papers, typically due in two to four years, with estimated pre-tax returns of 8% to 9%. A-rated papers made up 35%, with estimates of 11% to 12%; the remaining 35% was in BBB-rated holdings targeting 13% to 14%, generally with maturities of up to 18 months.
For an illustrative ₹1 crore (₹10 million) portfolio, Ghosh estimated an annual return of about 11%, or ₹11 lakh (₹1.1 million). He described that annual amount as just under ₹1 lakh a month. The monthly figure is an average calculated from the annual estimate, not a stated cash-payment schedule.
Ghosh characterized BBB-rated bonds in India as relatively safe. The Securities and Exchange Board of India (SEBI) says ratings are opinions that can change and should not be the only factor in an investment decision. Its investor guidance identifies default, interest-rate and liquidity risks, and says asset allocation should reflect financial goals, risk tolerance and time horizon. SEBI also says lower ratings may signal greater risk even when yields are higher.
