No Business Idea, Can I Just Sell My Assets to Live?

Ans: Hello;

Once you liquidate your ancestral assets and raise funds of 7 Cr, you may deploy it as follows:

1. Buy an immediate annuity from a life insurance company for 3 Cr.

Assuming 6% annuity rate you may expect a monthly income of 1.05 L post-tax.

2. Next 3 Cr you may invest in a conservative hybrid debt fund/s which has higher exposure to debts and less exposure to equity.
Do an SWP at the rate of 4%, two years after the initial investment. This way your systematic withdrawals will be taxed at 12.5% as LTCG(only on the profit portion). Also your corpus will grow over two years.
Even at 3 Cr level it can provide post-tax income of 87.5 K per month.

Average return from these funds are generally around 7-9% although this cannot be assured.

3. The balance 1 Cr may be used to make FDs of varying maturities from 1 year to 5 years in lot size of 5 L so that even if you need some funds you may be liquidate FDs only matching your requirements.

The SWP from MF will provide you inflation adjusted returns and you may need to top-up annuity income by further investments.

Buy good healthcare insurance covering maternity expenses too.

Best wishes;
X: @mars_invest