I am 55 years old, from the army. I get pension of Rs 90,000. Med facility is available post retirement.
I have my own house.
I need to invest 2 cr of retirement corpus.
I have one son, employed, aged 25.
Goals:
1. Require Rs 40 lakhs after 3 yrs.
2. Require Rs another 40 lakhs after 6 yrs
I am looking at wealth creation with moderate risk @ 11% post tax returns. Please suggest investment philosophy and MF options available.
I have Rs 35 lakhs invested in equity. However, I don't hold any MFs.
I have invested Rs 24 lakhs in Senior Citizens Savings Scheme and Post Office Monthly Income Scheme.