my age is 56. after 58 years i earn Rs 35 k pm. how much invested in mutual fund as swp .
Ans: To determine how much you need to invest in mutual funds to achieve a monthly SWP (Systematic Withdrawal Plan) of Rs. 35,000 after you turn 58, you'll need to consider several factors:
Life expectancy: Estimate your life expectancy to determine how long you'll need to sustain the SWP.
Expected rate of return: Determine the average annual return you expect from your mutual fund investments.
Inflation: Account for inflation, as the purchasing power of Rs. 35,000 will decrease over time.
SWP frequency: Decide on the frequency of your SWP payments (e.g., monthly, quarterly, annually).
Once you have these details, you can use a financial calculator or consult a financial advisor to calculate the required investment amount. They can help you create a plan that meets your income needs while considering factors like investment risk and market volatility.
