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Vivek

Vivek Lala  |220 Answers  |Ask -

Tax, MF Expert - Answered on Mar 24, 2024

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
Shashikant Question by Shashikant on Mar 18, 2024Hindi
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Hello !I am 57 year old.want to invest 5 Lac to get monthly return .Please suggest ?

Ans: You can go for funds like large and mid cap and multi cap equally divided if your time horizon of investment is 10yrs plus and the SWP amount should not be greater than 6% every year.
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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Hardik

Hardik Parikh  |106 Answers  |Ask -

Tax, Mutual Fund Expert - Answered on Apr 11, 2023

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Hi..i am 48..i want to invest 50 lacs in total out of which I want Rs.25000 as fixed monthly income and remaining amount I wish to invest for 5 years+.. please suggest.regards
Ans: Dear Rajshekhar,

Thank you for reaching out for financial advice. Based on your requirements, I suggest the following investment strategy to achieve a fixed monthly income of Rs. 25,000 and invest the remaining amount for 5 years or more.

Fixed monthly income:
To achieve a fixed monthly income of Rs. 25,000, you can consider investing in a combination of fixed deposits, post office monthly income schemes, or debt mutual funds with a dividend payout option.
For instance, if you invest Rs. 30 lakhs in a fixed deposit or a post office monthly income scheme with an annual interest rate of around 6%, you can generate a monthly income of approximately Rs. 25,000. However, please note that the interest rates might vary depending on the bank, post office, or financial institution you choose. Do consider taxes and inflation while making these investments.

Investment for 5 years+:
For the remaining Rs. 20 lakhs, you can consider a mix of equity and debt mutual funds. A balanced or hybrid mutual fund, which invests in both equity and debt securities, can be a good option for a 5-year investment horizon. This diversified approach can help in achieving moderate returns with lower risk exposure.
You can also explore other investment options such as National Pension System (NPS) or tax-saving fixed deposits if you're looking to save for your retirement or avail tax benefits.

Please note that this is general advice, and I would recommend consulting with a certified financial planner or advisor for a personalized investment plan based on your risk tolerance, financial goals, and specific circumstances.

I hope this helps you in achieving your financial objectives.
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Samraat

Samraat Jadhav  |1651 Answers  |Ask -

Stock Market Expert - Answered on Apr 20, 2024

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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