Nippon india taxsaver idcw 3000 per month since 5 years should continue or exit

Ans: It depends upon individual circumstance as an example HRA, interest on home loan & chapter VI deductions are not allowed in the new tax regime.

Ans: Hi Jatin. Thanks for writing to me. Please mention the scheme in which you are investing in and your objective for investing in it.

Ans: Nippon India Tax Saver has not been a very consistent performer. It has done well considering a 3 year period, but on a 5 year basis and 1 year there are better performing funds in the ELSS segment like SBI LT Equity, HDFC Tax Saver and Kotak Tax Saver that you can choose from if you want to diversify.
If you are in the higher tax bracket, dividend may not be a good option due to the taxability of dividends.

Ans: It sounds like you've had a successful investment journey over the years, achieving impressive returns and building a substantial corpus. Given your desire to enjoy your retirement without actively managing investments and with your wife retiring soon, here are some considerations:

Shift to Conservative Investments: At this stage, capital preservation becomes crucial. Consider shifting a significant portion of your portfolio from equity-oriented funds to more conservative options like debt funds or fixed deposits. This will provide stability and regular income.
Dividend Option: If you're looking for regular income, opt for the dividend payout option in mutual funds. This can provide you with a regular income stream without selling your investments.
Systematic Withdrawal Plan (SWP): Instead of withdrawing a lump sum, consider setting up an SWP. This allows you to withdraw a fixed amount regularly, ensuring a steady income while keeping your investments intact.
Health and Insurance: Ensure you have adequate health insurance coverage, given the rising healthcare costs. Also, consider a comprehensive insurance plan to safeguard your family's financial future.
Estate Planning: Review your will and estate planning documents to ensure they reflect your current wishes and provide for your family's future.
Professional Guidance: Even if you wish to be hands-off with your investments, it's advisable to consult with a Certified Financial Planner. They can help you restructure your portfolio, ensure tax efficiency, and provide peace of mind.
Lastly, congratulations on achieving your financial goals and building a substantial corpus. Now is the time to enjoy the fruits of your hard work and prudent investment decisions. Focus on spending quality time with your loved ones, pursuing hobbies, and enjoying your well-deserved retirement.