Queries

Online Demat Account Eases Managing Investments Anil Kumar S, Thiruvananthapuram I am 46, working in the government service and my retirement is at 56. My current salary is Rs 60,000 and I have savings of around Rs 30 lakh in fixed deposits, NSC (National Savings Certificate), and gold. At the current rate, I am expecting a pension of Rs 23,000 per month. My gratuity and PPF benefits will be around Rs 20 lakh at today’s rate. LIC is expected to give around Rs 8 lakh after 12 years. Kindly suggest an investment plan for me to have an income of Rs 50,000 per month. Considering your current requirement of Rs 50,000 monthly, you will need approximately Rs 93,000 monthly. From this requirement, Rs 23,000 will be provided by your expected pension. There will be a shortfall of approximately Rs 70,000.  You will require a retirement kitty of Rs 1.70 crore to take care of this...