Firstly I would like to thank for your suggestions and recommendations you provide. I would like to know how much corpus is required to get 1 lakh per month in retirement, which will start from June 22. Also, please guide where to invest to get monthly amount of 1 lakh.
Ans: Sir, the corpus required will be around Rs. 1.6 crore, to be invested in mix of debt and hybrid balanced advantage funds.
Objective will be to generate at least 8% post tax returns so that the corpus will not only be perpetual but also grow over time.