Hi my age is 46, my monthly salary is 4L. I would like to create a corpus, which can give 2L per month from the age of 60 onwards. Please suggest suitable investment options
Ans: To create a corpus that provides 2L per month from age 60 onwards, you have 14 years to accumulate the required amount. Here are suitable investment options:
Equity Mutual Funds: Invest in diversified equity funds for potential higher returns over the long term. Opt for a mix of large-cap, mid-cap, and multi-cap funds.
Debt Mutual Funds: Allocate a portion to debt funds for stability and regular income. Consider short-term or corporate bond funds.
PPF (Public Provident Fund): A long-term investment with tax benefits and decent returns, suitable for retirement planning.
NPS (National Pension System): A voluntary retirement savings scheme offering market-linked returns with tax benefits.
Real Estate: Consider investing in real estate for rental income and capital appreciation, but ensure it aligns with your risk tolerance.
Direct Equity: Invest in blue-chip stocks or dividend-paying companies for regular dividends and potential capital appreciation.
Systematic Investment Plans (SIPs): Implement SIPs in mutual funds for disciplined investing and rupee-cost averaging.
Regularly review your investments and adjust the portfolio as needed to stay on track towards your retirement goal. Consult a financial advisor to create a personalized retirement plan tailored to your needs and risk profile.