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Ans: it's natural to want to ensure your son's financial security, especially when he's pursuing a career path that may not offer consistent income. Setting up Systematic Withdrawal Plans (SWPs) from mutual funds can be a prudent way to provide him with a steady stream of income. When choosing funds for SWPs, it's crucial to prioritize stability, longevity, and growth potential.

Considering your son's long-term financial needs, investing in well-established equity funds known for their consistent performance and track record of generating returns over the years could be a wise choice. These funds not only have the potential to grow your investment but also offer the flexibility to withdraw funds periodically to support your son's lifestyle.

As a parent, it's understandable to want the best for your child, and investing in mutual funds through a Certified Financial Planner's guidance can help ensure that your son's financial future is secure. While real estate is often seen as a traditional investment avenue, mutual funds offer liquidity, diversification, and professional management, making them an attractive option for achieving long-term financial goals. Ultimately, investing in SWPs reflects your love and foresight in providing ongoing support to your son, even after you retire.

Ans: that all depends on your fund requirement and only if you are retired

Ans: Your vision for your son's financial independence is admirable. With a 1Cr corpus and 3 years to retirement, growing it to 5Cr is ambitious but possible with strategic planning and disciplined investing. Setting up SWPs for your son at 6% annually can provide a steady income, fostering his independence. However, market fluctuations and fund performance could impact growth. Regular reviews and adjustments to your investment strategy will be crucial in pursuing this ambitious goal.