[Work-in-Progress] Dual-Income Portfolio Strategy: CPSE Dividend Stocks & InvITs
Hello everyone,
I am building a simple, two-engine strategy for regular, predictable income from equities and InvITs with some share price appreciation.
It works like this – the total corpus is divided into two parts. One part goes into CPSE Dividend Stocks like COALINDIA, ONGC, RECLTD, POWERGRID, etc., while the other goes into InvITs like INDIGRID, INDUSINVIT, CUBEINVIT, etc.
All the companies in the portfolio have a stable history of paying dividends; InvITs on the other hand, are mandated to pay out 90% of their DCF as distributions (DPUs or Distributions Per Unit) back to the unitholders.
This portfolio lacks the growth component, so no multi-bagger stocks (as of yet), but for most people simply looking to earn a little more extra income on the side or simply retire with a corpus large enough to sustain their expenses, it will do just fine.
As of May 19^(th), 2026, here is my portfolio below.
(For some reason Reddit isn't allowing me to post pictures, so here's a table).
| Stock/InvIT | Quantity (Shares/Units) | Total Invested Amount |
|---|---|---|
| COALINDIA | 2,275 | INR 10,53,640 |
| ONGC | 830 | INR 2,42,477 |
| NMDC | 400 | INR 32,775 |
| RECLTD | 700 | INR 2,29,810 |
| INDIGRID | 12,350 | INR 21,40,378 |
| BALMERLAWRIE (new position) | 40 | INR 7,375 |
| GPPL | 355 | INR 55,972 |
In this:
- CPSE Dividend Stocks: COALINDIA and ONGC are the anchors, RECLTD, NMDC, NPTC (to be added later) provide the core, while BALMERLAWRIE, GPPL (not a CPSE I know, but behaves like one) serve as satellite positions.
- InvITs: INDIGRID serves as the core; once INDIGRID reaches 30,000 units, surplus shall be invested equally between INDUSINVIT and CUBEINVITs for regular income.
Plan/Milestones
By December 2026, the CPSE Dividend Portfolio should be worth INR 50 lakh in invested value, while the INDIGRID too should have the same invested value worth of units (INR 50 lakh). Total, it will be worth INR 1 Crore.
Frequently Asked Questions (FAQs)
- Who is this portfolio for? - People with unstable incomes looking to build a stable, predictable portfolio that generates cash for them in all market conditions.
- What about the growth component? - Not a primary objective of this portfolio; it aims to generate income rather than compounding growth at scale. A separate portfolio will be created for that later.
- What about private dividend companies? - Will be added later.
- What about BPCL, IOC, etc.? - They are Oil Marketing Companies (OMCs) and are currently being forced to absorb price shocks, not recommended until Brent prices stabilize.
- What about REITs? - Structurally less predictable than InvITs. REITs are cyclical and depend on market cycles and may also struggle from occupancy issues. However, they will be added in the future.
- Why specifically INDIGRID? - One of the most well-established InvITs, continuously increasing DPU payments, adding new assets (transmission and BESS technologies, for example), backed by KKR, one of the biggest global private equity companies.
Recently, INDIGRID announced an INR 4/unit DPU payout (May 19th - today is the record date), so the expected DPU income is INR 49,400/- minus the TDS, so INR 44,460. The goal is to make this not a quarterly, but a monthly figure.
If anyone has any questions or would like to discuss anything about this strategy, please comment and I will revert accordingly.
INSIGHT