Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Vivek

Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on Apr 24, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Sachin Question by Sachin on Apr 24, 2023Hindi
Listen
Money

My father has retired recently. He has a saving corpus of Rs 2 crore. He wants to generate monthly regular income of Rs 75000/- through SWP, which should increase annually by 3%. Also, after drawing this monthly income of Rs 75000/- the lumpsum corpus of Rs 2 crores should also not reduce for at-least next 40 years. If possible the corpus of Rs 2 crore should also increase with time. Please suggest suitable Mutual Funds for investment. Thank you

Ans: Hello, ideally the SWP amount should be 5% annually of the total corpus. In order to receive 75K per month, the corpus should be 1.8cr. Since you have a corpus of 2crs, you can easily withdraw 75K per month and also increase the SWP 3% annually.
The funds can be diversified into mid caps, small caps, equity hybrid, multi cap, large and mid cap and consumption fund.
Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your time horizon and fund selection.
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.
Money
Latest Questions
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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x