Queries

Retirees Can Allocate Assets in Equity, Debt MF RMD Bhuinya, Noida I will retire in January 2022. Apart from other monthly income plans, for a regular cash flow of Rs 40,000 per month from March 2022 onwards, I want a Systematic Withdrawal Plan (SWP) in a debt mutual fund. How much shall I deposit or invest in the fund to get the above mentioned amount and which is a better mutual fund? Regular income seekers or retirees should invest one-third in equity and the rest in debt or fixed income instruments. One can create asset allocation of equity and debt mutual funds. For ease and convenience, one can invest in equity saving schemes or funds that have above proportion as that can beat inflation. The withdrawal ratio is 4 to 6 per cent so that Rs 40,000 of regular income can be managed. You need to invest a lump sum of Rs 80 lakh if you consider withdrawing 6 per cent a year and if you...