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Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 24, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
amit Question by amit on Nov 24, 2024Hindi
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Hello, As requested, monthly contributions as below: EPF : 11000 NPS: 9000 MF : 5000 Thanks.

Ans: Hello;

The value of your investments {EPF, MF, Savings & real estate(2009 flat)} after 5 years is expected to be around 1.48 Cr.

It is presumed that loan is fully repayed after 5 years.

Your current expenses of 1 L will be 1.34 L after 5 years and 1.79 L after 10 years. (6% inflation considered)

Corpus of 1.48 Cr may yield you a monthly annuity income of around 66.6 K (post-tax).(6% annuity rate considered)

Also NPS will have a sum of 13 L after 5 years out of which 10.4 L(80%) will be annuitized and yield you a monthly income 5.2 K and balance 2.6 L available to you.

So your passive monthly income 5 years hence may be 66.6+5.2=71.8 K

71.8-134=-(62.2) K gap in monthly income and expenses after 5 year hence indicated with negative sign!

This clearly indicates that you may have to work hard to generate a total corpus of 6-8 Cr in 10-15 years, mainly through manifold increase in MF and NPS investments to fund your retirement income.

Happy Investing;
X: @mars_invest
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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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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