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Confused about investing PF in mutual funds: Can it last for 25 years?

Ramalingam

Ramalingam Kalirajan  |6594 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 27, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Aug 22, 2024Hindi
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Dear Sir, I am 58 years and recently retired from my employment. My PF amounts to Rs 1 Cr and i want to invest in Mutual Funds instead of keeping the money in the EPF account. Sir, i will need Rs 45,000 monthly for my monthly expsnses and thanks to your education, got to know about SWP. Sir, please advice how do i go about investing in terms of selecting funds and what amount in these funds. Will the corpus last me for 25 yrs at the monthly withdrawal rate of Rs 45,000. If it can last for 25 yrs, what will be my corpus at the end of 25 yrs. Thank you and anxiously look forward to your reply Best Regards & God bless

Ans: It’s great that you’ve accumulated Rs. 1 crore in your PF account. You’re thinking of moving this to mutual funds, and that’s a wise choice considering your long-term goals. Your monthly need is Rs. 45,000, and you’ve rightly pointed out the use of a Systematic Withdrawal Plan (SWP) to meet these expenses.

Investment Objective
Your primary goal is to generate Rs. 45,000 per month for your expenses while ensuring your corpus lasts for 25 years. You’re also interested in knowing whether there will be any remaining corpus at the end of this period.

SWP Strategy Overview
An SWP allows you to withdraw a fixed amount monthly while the rest of your investment continues to grow. The key is to select funds that provide a balance between growth and stability.

Selecting Mutual Funds
Equity Funds:

These funds provide higher returns, helping your corpus grow over time. However, they come with market risks. For long-term growth, equity funds in large-cap and multi-cap categories are preferable.
Hybrid Funds:

Hybrid funds offer a mix of equity and debt. They provide a balanced approach by offering moderate growth with lower risk compared to pure equity funds.
Debt Funds:

Debt funds are more stable but offer lower returns. They can act as a cushion, providing stability to your overall portfolio.
Asset Allocation
Given your goal and time horizon, a balanced approach is essential. You may consider the following allocation:

50% in Equity Funds:

This portion will help your corpus grow, keeping pace with inflation.
30% in Hybrid Funds:

Hybrid funds add stability and moderate growth, reducing volatility.
20% in Debt Funds:

Debt funds ensure a safety net, providing consistent returns without much risk.
Implementing the SWP
Start with Debt Funds:

Begin your SWP withdrawals from the debt portion. This ensures you’re not selling equity when the market is down.
Rebalance Annually:

Every year, review your portfolio. Rebalance it to maintain your desired asset allocation. This ensures that your funds are neither too risky nor too conservative.
Ensuring the Corpus Lasts for 25 Years
Return Expectations:

Assuming an average annual return of 8-10% from the portfolio, this approach should provide you with a stable monthly income.
Corpus Depletion:

Your corpus is likely to last for 25 years with this strategy. However, it’s important to monitor and adjust withdrawals according to the portfolio’s performance.
Estimating the Corpus at the End of 25 Years
Growth Potential:
While you’ll be withdrawing Rs. 45,000 per month, the remaining amount continues to grow. After 25 years, there may still be a significant corpus left, depending on the performance of the equity and hybrid funds.
Risk Management
Inflation Consideration:

Inflation will reduce the purchasing power of your Rs. 45,000 over time. It’s essential to review and adjust your SWP periodically to account for inflation.
Health Insurance:

Ensure you have adequate health insurance to cover medical emergencies. This prevents you from dipping into your corpus.
Emergency Fund:

Maintain an emergency fund outside of your investments. This covers unexpected expenses and reduces the need to withdraw from your mutual funds at an inopportune time.
Tax Efficiency
Taxation on SWP:
SWP from mutual funds is subject to capital gains tax. Equity funds are taxed at 12.5% for long-term gains over Rs. 1.25 lakh. Debt funds are taxed at the slab rate only for the gain to the extent withdrawn. Plan your withdrawals keeping tax implications in mind to maximize your net returns.
Finally
Investing your Rs. 1 crore PF corpus in a well-balanced mutual fund portfolio is a sound decision. By carefully selecting funds and implementing a disciplined SWP strategy, you can ensure that your corpus lasts for 25 years, providing you with a steady monthly income. Regular monitoring and adjustments will help you stay on track, and with careful planning, you may even have a significant corpus left at the end of 25 years.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Hello Myself Sunil Mishara age 60 yeras.I want to invest 40 lakh in mutual fund for long term 5 to 10 years under SWP.As I have retired person investment Plan should be moderate to low risk.I have already invested amount Rs 30 lakh in FD in senior citizen schems.
Ans: Hello Sunil, it's wonderful to hear about your investment plans as you transition into retirement. Your cautious approach to seeking moderate to low-risk options is prudent, especially considering your stage of life.

Investing 40 lakh in mutual funds for long-term growth through Systematic Withdrawal Plans (SWP) is a wise strategy. SWP allows you to receive regular payouts while keeping your principal invested, potentially earning returns over time.

Given your risk tolerance, consider allocating your investment across a mix of balanced funds and debt funds. Balanced funds offer a blend of equity and debt, providing stability with potential for growth. Debt funds, on the other hand, focus primarily on fixed-income securities, offering lower risk but steady returns.

As you've already invested a portion in senior citizen schemes, your mutual fund investment can complement this by providing additional growth potential. Regularly review your portfolio's performance and adjust allocations if needed to ensure it continues to align with your risk tolerance and financial goals.

Remember, while seeking growth, it's crucial to prioritize capital preservation at this stage of life. By diversifying your investments and opting for moderate to low-risk options, you can aim for steady income while safeguarding your financial well-being in retirement.

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Dear Sir, I am 58 years and recently retired from my employment. My PF amounts to Rs 1 Cr and i want to invest in Mutual Funds instead of keeping the money in the EPF account. Sir, i will need Rs 45,000 monthly for my monthly expsnses and thanks to your education, got to know about SWP. Sir, please advice how do i go about investing in terms of selecting funds and what amount in these funds. Will the corpus last me for 25 yrs at the monthly withdrawal rate of Rs 45,000. If it can last for 25 yrs, what will be my corpus at the end of 25 yrs. Thank you and anxiously look forward to your reply Best Regards & God bless
Ans: Hello;

It would be advisable to invest your corpus lumpsum in hybrid conservative (debt oriented) fund type.

I recommend Kotak hybrid debt fund or SBI conservative hybrid fund both from the same category as mentioned above, suggested based on 5 year returns.

I recommend that you let the corpus compound for 2 years minimum.

Your corpus may grow to 1.17 Cr after 2 years assuming modest return of 8%.

Here if you do a 5% SWP then you may expect a monthly payout of 48750 per month for next 25 years.

At the end of 25 years you can expect a net corpus value of around 3.58 Cr(modest return of 8% considered) after deducting monthly payouts.

Other option for you could be to buy immediate annuity from an insurance company. Considering annuity rate of 6% you may expect to receive monthly payment of 50K from the next month onwards. It has various features for joint holding and return of purchase price after the end of annuity period(25 years for eg) or expiry of the annuity holder, to the nominee.

Do your due diligence and choose the best option suiting to your requirement.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

Happy Investing!!

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Asked by Anonymous - Oct 12, 2024Hindi
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Hi Sir, I am 34 and working in software industry..My income is around 4 lakh per month from salary..I have 2 crore in mf,25 lakh in stock / crypto,1.05 cr in FD,35 lakh in pf..I want to retire early .I My monthly expenditure is around 75k / month.I have rental and agricultural income of 50k.. I don't have any ongoing loan.. How soon can I plan my retirement what should be corpus amount to live my life comfortably and beat the inflation . Thanks
Ans: Hello;

Please consider following aspects before considering retirement from 9 to 5 regular job:

1. Do you have your own house?
2. Do you have a family to support, if yes the expenses will multiply manifold apart from inflationary hikes, are you prepared to handle this?
3. What alternate vocation or profession you plan to pursue in lieu of regular job so as to keep yourself engaged, not necessarily for money, but to keep mind and body occupied towards a passion/profession?

You need to seek answers to these for your own contentment.

Now coming back to your query, you may do a monthly sip of 2.5 L in pure equity mutual fund. This may yield you a corpus will of 2.73 Cr after 6 years.

The existing MF corpus(2 Cr) will grow into a sum of 4.16 Cr in 6 years. (13% return assumed on all pure equity MF investments)

PF corpus of 35 L will grow into a sum of 55.54 L in 6 years. 8% return considered.

The stock/crypto corpus may grow into a sum of 41.93 L in 6 years. 9% return assumed.

FD may grow to 1.58 Cr after 6 years. 7%return assumed.

So cumulative corpus after 6 years will be: 273+416+158+41.93+55.54=~9.44 Cr.

This corpus if you invest in an equity savings type mutual fund(low to moderate risk)and do an SWP at the rate 3% per year it will translate into post tax monthly income of 1.65 L.

Agri/rental income will be a bonus.

I hope you have sufficient term life cover with suitable riders and also health care cover for yourself and family.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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I am 56 year old and am self employed. Please suggest best way to lead a peaceful life after 5 years. I want to have at least Rs.60 k and monthly expenditure. Suggest some good SWP plans.
Ans: At 56, you have five years to plan for a peaceful post-retirement life. Your goal of achieving Rs 60,000 in monthly expenses is realistic and achievable with proper financial planning. The focus should be on creating a balance between safety, income, and growth.

Since you are self-employed, consistent and reliable cash flow will be essential during retirement. Systematic Withdrawal Plans (SWPs) are a great way to generate a regular income while allowing your investments to grow.

Let’s explore your options in detail.

Importance of Having a Financial Strategy
When planning for retirement, a good strategy should aim at protecting your wealth while ensuring steady returns. You don’t want to take unnecessary risks, but you also want your money to keep growing. A Certified Financial Planner can help design a strategy tailored to your specific situation.

Before diving into SWP plans, you need to evaluate your current financial position.

Assess Your Current Financial Situation
Income and Savings: You may already have existing savings or investments. It’s important to know how much you have saved so far. This will give you an idea of the corpus you will need to sustain a Rs 60,000 monthly income.

Risk Appetite: At this stage in life, taking excessive risk isn’t advisable. A balanced approach focusing on moderate risk and consistent returns works best.

Inflation Adjustment: Keep in mind, Rs 60,000 per month today may not hold the same value five years from now due to inflation. Consider inflation-adjusted returns when planning for your future.

Debt-Free Lifestyle: It’s crucial to ensure that you are debt-free by the time you retire. This will reduce financial strain and make it easier to meet your monthly expenses.

Advantages of SWP Over Traditional Fixed Income Plans
Regular Income Stream: SWP allows you to withdraw a fixed amount at regular intervals. You can set it up for monthly withdrawals, ensuring a steady income.

Tax Efficiency: With new tax rules, SWP withdrawals are taxed only on the capital gains part. This is more tax-efficient compared to Fixed Deposits or other fixed-income options where the entire interest income is taxed.

Flexibility: Unlike annuities or fixed income products, SWPs offer flexibility. You can increase or decrease the withdrawal amount as per your needs.

Growth Potential: The remaining part of your investment continues to stay invested in the market. This gives your corpus the potential to grow, thus helping you beat inflation.

Why Avoid Index Funds for Retirement?
Though index funds are passive in nature, they may not be the best fit for your retirement needs. Here's why:

No Active Management: Index funds track a specific market index and do not adapt to market fluctuations. Active management ensures that your portfolio is rebalanced based on market conditions, offering better downside protection.

Potentially Lower Returns: While index funds may have lower fees, actively managed funds could provide better returns over time due to professional fund management, especially when market corrections occur.

Disadvantages of Direct Funds
Many investors opt for direct funds to save on commission costs. However, direct funds might not always be suitable for everyone:

Lack of Guidance: Investing in direct funds means you won’t get the guidance of a Certified Financial Planner. A professional can help in selecting the right funds, monitoring your portfolio, and making timely changes based on market conditions.

Complexity: You may lack the expertise to select and manage the funds properly, which could lead to suboptimal returns. A CFP with an MFD license can actively manage your investments and help you achieve your goals.

Types of SWP Plans to Consider
There are different types of mutual funds that can generate regular income through SWPs:

Equity-Oriented Hybrid Funds: These funds invest in a mix of equity and debt instruments. They offer the potential for moderate growth while ensuring stability through debt investments. Equity exposure helps in beating inflation over the long term.

Debt Mutual Funds: For someone who prioritizes safety, debt mutual funds are an excellent choice. They provide stable returns, though they may not offer the same growth potential as equity-oriented funds. The advantage of debt funds is that they are less volatile.

Balanced Advantage Funds: These funds dynamically adjust the allocation between equity and debt based on market conditions. They aim to provide stable returns in both bullish and bearish markets, making them ideal for retirees looking for balanced risk exposure.

Creating a Reliable SWP Strategy
Diversification: Your investment should not be limited to a single type of fund. By spreading your money across equity, hybrid, and debt mutual funds, you can balance risk and reward. This ensures you have a stable monthly income while allowing for growth.

Investment Horizon: Since you are planning for a peaceful retirement in five years, it’s important to focus on the long-term horizon. While short-term volatility can be a concern, the long-term benefits of compounding and market growth will play in your favor.

Withdrawal Rate: It’s important to set a sustainable withdrawal rate. Withdrawing too much too soon can deplete your corpus quickly. A Certified Financial Planner can help you calculate the optimal withdrawal rate based on your financial needs and goals.

Rebalancing Your Portfolio: Over time, market conditions change, and your portfolio allocation might deviate from your initial plan. Rebalancing your portfolio annually helps maintain the desired risk level. This can improve long-term returns.

Managing Your Taxes
LTCG Tax on Equity Mutual Funds: The tax rate on Long-Term Capital Gains (LTCG) above Rs 1.25 lakh is 12.5%. This means your SWP withdrawals are relatively tax-efficient as compared to other investment options.

STCG Tax: Short-Term Capital Gains (STCG) from equity funds are taxed at 20%. Hence, it’s better to stay invested for the long term to reduce the tax burden.

Debt Mutual Fund Taxation: For debt funds, both LTCG and STCG are taxed based on your income tax slab. It’s important to consider this while planning for your post-retirement income.

Final Insights
Your goal of achieving Rs 60,000 monthly for a peaceful life after five years is absolutely achievable. SWP from a mix of equity and debt funds will give you the regular income you need, with tax benefits and growth potential.

The key is to plan well, diversify your portfolio, and work with a Certified Financial Planner who can help you stay on track. Avoid direct funds and index funds due to their limitations. Regular monitoring and portfolio adjustments are critical for ensuring a consistent flow of income, without eroding your capital.

Finally, keep your financial plan flexible. Life is unpredictable, and having a flexible plan will allow you to adjust your withdrawals and investments as needed.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |6594 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Oct 15, 2024

Asked by Anonymous - Oct 15, 2024Hindi
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Sir im 49... Im having 15 lakhs lumpsum and can invest up to 30k per month for 10 years... I don't have any other commitments.. pls suggest me good plan to have corpse after 10 year's
Ans: You are 49 years old, with Rs. 15 lakhs to invest upfront and a capacity to invest Rs. 30,000 per month for 10 years. Since you have no commitments, this is an excellent opportunity to focus on building a substantial corpus.

Your financial goal should be to ensure long-term growth while minimizing risks. Since you have a decade to invest, this gives room to explore both equity and debt options in a balanced manner.

Below is a detailed 360-degree approach to help you achieve your goal.

Lump Sum Investment Strategy
A one-time investment of Rs. 15 lakhs provides a strong starting base. The aim here should be to balance between equity and debt to ensure stability and growth.

Equity Component (70% of Rs. 15 lakhs): Equities have a higher growth potential in the long run. By allocating Rs. 10.5 lakhs to equity mutual funds, you can aim for wealth creation. Equity funds are better at capitalizing on market upswings, giving you good returns over a 10-year period. Actively managed large-cap, multi-cap, and mid-cap funds should be considered, as these categories offer a good risk-return trade-off.

Debt Component (30% of Rs. 15 lakhs): Rs. 4.5 lakhs should go into debt mutual funds. This will help provide stability to your portfolio. Debt funds are less volatile and ensure the protection of your capital in case of market downturns. For example, you could consider short-term or dynamic bond funds that adjust well to interest rate movements, which can act as a safeguard.

Systematic Monthly Investment (SIP Strategy)
You plan to invest Rs. 30,000 per month for the next 10 years. Systematic Investment Plans (SIPs) are ideal for you as they help you build wealth gradually by spreading out your investments and reducing risks due to market volatility. Here’s a balanced approach to distribute your Rs. 30,000:

Equity SIP (70% of Rs. 30,000): Invest Rs. 21,000 monthly in diversified equity mutual funds across different categories like large-cap, mid-cap, and flexi-cap funds. This allocation will help you ride out market fluctuations and allow compounding benefits over time.

Debt SIP (30% of Rs. 30,000): The remaining Rs. 9,000 can be invested in debt mutual funds to give your portfolio stability and lower volatility. Debt mutual funds, such as corporate bond funds or dynamic bond funds, will cushion the impact of any market corrections and provide steady growth.

Avoid Index Funds
While index funds have gained popularity due to low expense ratios, they may not be the best choice for you. Index funds mirror the market, so when the market falls, your investments fall too. You don’t get the expertise of a fund manager who can make strategic moves during volatile times.

Disadvantages: Index funds do not offer any protection during market downturns, which can severely affect your investment corpus in a period of high volatility.
Instead, actively managed mutual funds, overseen by skilled fund managers, tend to outperform the index in most cases. They are more flexible and can adjust their portfolios during uncertain times.

Stick to Regular Mutual Funds Through a Certified Financial Planner (CFP)
It is better to avoid direct funds as managing them requires deep market knowledge and constant tracking. Direct funds might look cost-efficient, but they lack the professional guidance that regular funds offer when invested through a Certified Financial Planner (CFP).

Disadvantages of Direct Funds: When investing directly, you miss out on professional advice and expertise. This could lead to poor decision-making, especially during volatile periods or when the market is down.

Benefits of Regular Funds: Investing through a CFP gives you access to personalized strategies and rebalancing opportunities that suit your goals and risk tolerance. The extra expense ratio is worth it when considering the guidance you receive.

Tax Efficiency and Long-Term Gains
It is essential to understand the tax implications of your investments to maximize returns.

Equity Mutual Funds: Long-Term Capital Gains (LTCG) from equity mutual funds are taxed at 12.5% on profits exceeding Rs. 1.25 lakh per annum. This is lower than the tax on other investment options, making equity funds tax-efficient.

Debt Mutual Funds: Gains from debt mutual funds are taxed based on your income tax slab. This is important to consider when planning withdrawals, as premature withdrawals could push you into a higher tax bracket.

Thus, planning your withdrawals smartly post the 10-year period will help you minimize tax liability and maximize your returns.

Portfolio Rebalancing
Once you’ve invested in a mix of equity and debt funds, it’s crucial to monitor and rebalance your portfolio every year. Rebalancing ensures that your portfolio remains aligned with your goals and risk tolerance, especially when market conditions change.

Why Rebalancing Matters: Over time, due to market fluctuations, your equity portion may grow larger than your desired allocation. If equity takes up too much space, your risk exposure increases. On the other hand, if debt funds take up more, your growth could stagnate.
By rebalancing, you can ensure that your portfolio maintains the optimal balance between growth and stability.

Focus on SIP Discipline
A key factor in your success will be maintaining discipline with your monthly SIPs. Consistent SIP investments are a proven way to build wealth over time. You will benefit from rupee cost averaging, which reduces the impact of market volatility by buying more units when prices are low and fewer when prices are high.

Rupee Cost Averaging: This is a key advantage of SIPs. It allows you to accumulate more units when the market is down, which can significantly boost your returns when the market recovers.

Power of Compounding: The longer you stay invested, the greater your compounding returns will be. Since you have 10 years, sticking to your SIPs without interruptions will yield significant benefits in the long term.

Benefits of a Well-Diversified Portfolio
By diversifying your portfolio into different mutual fund categories, you are not putting all your eggs in one basket. This strategy reduces risk and provides smoother returns over time.

Equity Funds for Growth: Equities tend to outperform other asset classes in the long run. With 70% of your investments in equity mutual funds, you stand a good chance of generating high returns over 10 years.

Debt Funds for Stability: Debt mutual funds bring much-needed stability to your portfolio, protecting you during market downturns and ensuring that you meet your financial goals without major disruptions.

Inflation and Wealth Preservation
Inflation can erode the value of your money over time. Therefore, it is critical to ensure that your investment grows at a rate that beats inflation. Equity mutual funds have the potential to deliver inflation-beating returns in the long term.

Why Equity Is Key: Historically, equity investments have consistently outpaced inflation. Over the next decade, your goal should be to maintain a significant portion of your portfolio in equity to protect your purchasing power.

Debt for Wealth Preservation: Debt mutual funds, while not typically offering high returns, play an important role in wealth preservation. They will protect your capital from market volatility and ensure that your returns are steady.

Emergency Fund and Liquidity
Although you have no other commitments, it is wise to maintain an emergency fund outside your investment portfolio. An emergency fund ensures you don’t need to touch your investments in case of unforeseen expenses.

3-6 Months of Expenses: Set aside 3-6 months’ worth of expenses in a liquid fund or a savings account. This will give you peace of mind and liquidity in case of any financial emergencies.

Avoid Early Withdrawals: Tapping into your SIPs or lump sum investment before the 10-year period could derail your long-term plans. Having an emergency fund prevents this.

Final Insights
By following this strategy, you can create a substantial corpus over the next 10 years. The key is to remain disciplined with your SIPs and invest wisely in a balanced portfolio of equity and debt funds. Avoid distractions like direct funds and index funds, which may not offer the flexibility or risk management you need.

Ensure you review your portfolio annually and rebalance it to stay aligned with your goals. With proper planning, you will have a solid financial foundation by the end of the 10-year period, and you’ll be well-positioned to achieve your financial aspirations.

Best Regards,

K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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