I'm 48 age, I want to be financially free, I'm having 1crore, where should I invest to get 1lakh per month

Ans: At age 48, your focus on financial freedom is inspiring. To generate Rs. 1 lakh monthly (Rs. 12 lakh annually), you need a balanced strategy. This will combine regular income, wealth preservation, and long-term growth. Below is a detailed, diverse investment approach.

Key Considerations for Your Goal
Generating Rs. 1 lakh monthly requires an annualised return of around 12%.
Investments should balance growth, stability, and tax efficiency.
Diversify to minimise risk and maintain liquidity.
Avoid inflation erosion by growing your capital alongside withdrawals.
Mutual Funds for Growth and Income
1. Equity Mutual Funds
Equity funds offer high growth potential for long-term goals.
Invest in actively managed funds to maximise returns.
These can outpace inflation and ensure capital appreciation.
2. Balanced Advantage Funds
These funds dynamically allocate between equity and debt.
They manage market volatility effectively.
Suitable for moderate-risk investors seeking consistent returns.
3. Debt Mutual Funds
Debt funds ensure stability and regular income.
These funds are tax-efficient compared to fixed deposits.
Invest in short-term debt funds for better liquidity.
Systematic Withdrawal Plans (SWP)
Use SWP from mutual funds to create a regular income stream.
SWP provides tax benefits as only gains are taxed.
Start with balanced or debt funds to ensure stability.
Fixed-Income Instruments for Stability
4. Senior Citizen Savings Scheme (SCSS)
Consider SCSS once you turn 60.
This scheme offers a secure option with attractive interest rates.
It provides quarterly payouts for a steady income.
5. Post Office Monthly Income Scheme (POMIS)
POMIS offers guaranteed monthly payouts.
It is suitable for conservative investors seeking stability.
Combine this with other options for risk diversification.
Gold for Diversification
6. Sovereign Gold Bonds (SGBs)
SGBs combine the benefits of gold appreciation and annual interest.
Ideal for hedging against inflation.
Hold till maturity to avoid capital gains tax.
Emergency Fund
7. Liquid Funds or Short-Term Deposits
Keep Rs. 5-7 lakh in liquid funds for emergencies.
These funds are easily accessible and offer stable returns.
They also act as a buffer during market fluctuations.
Health and Term Insurance
8. Comprehensive Health Insurance
Avoid relying solely on company-provided health insurance.
Buy a separate family floater plan for adequate coverage.
This protects your finances during medical emergencies.
9. Review Your Term Insurance
Ensure your term insurance adequately covers your liabilities.
Coverage should be at least 10-12 times your annual expenses.
Suggested Allocation for Rs. 1 Crore
Here’s how you can allocate your corpus to achieve financial freedom:

Rs. 40 lakh: Balanced Advantage and Debt Mutual Funds (for regular SWP).
Rs. 25 lakh: Equity Mutual Funds (for growth and long-term appreciation).
Rs. 15 lakh: Fixed-Income Instruments (like SCSS, POMIS, or bonds).
Rs. 10 lakh: Liquid Funds or Short-Term Deposits (for emergencies).
Rs. 10 lakh: Sovereign Gold Bonds (for diversification and inflation protection).
Tax Efficiency and Wealth Preservation
SWP from mutual funds is more tax-efficient than interest income.
Debt funds are taxed based on your income slab for short-term gains.
LTCG above Rs. 1.25 lakh in equity funds is taxed at 12.5%.
SGBs are tax-free if held till maturity.
Monitoring and Rebalancing
Regularly review your portfolio with a Certified Financial Planner.
Adjust allocations based on returns, inflation, and lifestyle needs.
Stay disciplined and avoid unnecessary withdrawals.
Finally
Rs. 1 crore can provide Rs. 1 lakh monthly with the right approach.

Diversify across equity, debt, and fixed-income instruments for steady returns.

Use SWPs to ensure a regular income while preserving your capital.

Regular monitoring will help you stay on track and achieve financial freedom.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment