Read part 1 first : that is the background

http://www.subramoney.com/2019/07/i-got-rs-10-crores-what-should-i-do/

The amount of money that you have is so big that it is impossible for most 32 year old. It is important that you do not get into bad habits – remember it is easy to slip into them. I was happy (surprised too?) that you did not say “I am quitting my job”. Or “I am starting a business”. In my head both are poor decisions. You can’t start a business just because you have got a big sum of money – perhaps unintended.

To that extent continuing your life style, job, etc. sounds fine. However a part of this should also be for some fun. You are saying that you do not wish to buy a house, that seems fair – because you will anyway inherit 2 houses belonging to your parents – including the one that your dad inherited.

What to invest – whether to do a STP or put in PMS – I will leave it to your adviser. However you SHOULD create an INVESTMENT PHILOSOPHY STATEMENT (http://www.subramoney.com/2008/02/secret-of-successful-investing-philosophy-statement/) as well as maintain an Investment Diary (http://www.subramoney.com/2012/08/5-important-reasons-for-an-investment-diary/). These 2 documents can and WILL make you a better investor for sure. Remember over the next 70 years this money could grow to a real big amount. Managing Rs. 10 crores is difficult, but one day it could be Rs. 200 crores! You cannot write a philosophy statement just because the amount has gone up. You must remember that 50% of the money could got to a “capital preservation” product like a classic endowment plan or Gsec – and remember just that is also sufficient for you. I would urge you to look for some spending opportunities – how about taking your parents on a foreign tour – to start with. You will like and remember those experiences. You could take up a job which works 4 days a week – and you get to spend one day a week with your parents, cousins, friends, etc.

Do develop all your hobbies – trekking and photography. You are young and can even climb the Himalayas – it will take you 3 years of gym, climbing small mountains, snow walking, before you can attempt that. Yes it will cost you about Rs. 30-40L but you do not need to worry about that now.

Remember to help some of your relatives – but don’t tell them that you have got this lumpsum.

One big decision – what will happen to the money after you are gone is a difficult question to answer. Do consult a lawyer when you make a will especially as the beneficiaries are likely to be non family beneficiaries. It could be tricky. You could give it to the charity that your ex-boss has set up, but be sure of what you want to do. Anyway it is a long term possibility, so it does not matter, but please do the documentation.

Life is not about SIP, IRR, spreadsheets,  – though they are important. Remember your preferences could change, you might develop some illness, you might get one more big ESOP encashment from another job – we just do not know. Early retirement is great ONLY for those people who know how to spend their time. Remember for you your JOB IS your family too. You can’t live without the people you meet in your job related activities.

I am not sure whether I have sounded very cohesive. I do think you should keep all this money in a Liquid / Ultra short bond fund and then slowly take your decision. There is no great tearing hurry. Remember it is a 70 year decision. Taking 70 days to decide is fine. Your bank RM may want a decision in 70 seconds, tell him, chill.