Dear sir, I am retiring in few months and after commutation of my pension I shall get a pension of Rs 60000/ pm. Apart from that I shall get PF + Gratuity + Commutation of pension of 1.25 crore. Where should I invest these amounts to get the interest at max rate or to invest in which SIP from where I can get interest to meet out other expenses. I am covered under CGHS (central govt. health scheme). Thanks with regards.
Ans: Hello MADHUKAR, One needs the funds for a number of expenses during retirement. Hence, I recommend diversifying your portfolio with different asset classes.
Considering your age, I would suggest investing 70% in debt funds and 20% in equity funds & 10% in hybrid fund with lower risks, such as large-cap funds. Moreover, you can invest around 10-20% of your pension in SIPs with hybrid asset classes.