Want 3 lakh monthly income ? Invest this amount - YP buzz Finance

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      The Sustainable Investment Scheme (SIP) is one of the most popular investments among investors as it allows for the creation of wealth for those who are emerging in their careers and who do not have a lump sum investment. As tx experts and investors, if the investor has made a mutual fund SIP for a long time, then the mutual fund return calculator suggests that one can expect at least 10% of post-tax return on investment. 

                                      

SIP

They also say that one can create income after retirement through SIP investment. They say that today, a middle-aged man after retirement needs about R40,000 to R45,000. But, after 30 years, this will increase to R3 lakh if ​​inflation is kept in mind. Therefore, the investment of the mutual fund SIP should be made taking into account the l 3 lakh monthly income after retirement.


Talking about how much a person will need after 30 years to meet his or her post-retirement needs; Kartik Jhaveri, Director of Wealth Management at Transcend Cconsultants, said, "Today, a middle-aged person needs about R40,000 to R45,000 to meet their financial needs after retirement. This will grow over time and that is why it should to determine how much money a person may need over time, it is advisable to keep in mind the inflation rate of 6 to 6.5 percent.If we keep inflation to 6 to 6.5 percent, this R45,000 month will go up to .


How much money a person will need to meet l 3 lakh monthly income after retirement; Pankaj Mathpal, Founder & MD at Optima Money Managers said, "To maintain a life expectancy after retirement is 25 years and a 6% annual inflation, one will need about R7.2 crore fund to earn R3 lakh monthly income for the next 25. To do this, one will need to invest ₹ 7.2 crore in SWP (System Withdrawal Program), where a person will receive at least 8 percent return, 2 percent over the downside. 6 percent of inflation per year. "


Regarding how to achieve the ₹ 7.2 crore investment goal Kartik Jhavri of Transcend Consultants said, "If a person starts investing in SIP at the age of 30, he has 30 years to invest. With an investment that increases his monthly SIP by 10 percent a year, it would be easier for an investor to achieve his investment goal as the initial SIP will initially be much lower. "


Keep the corporate fund tax in mind


How much can one expect to get after a 30-year investment in a mutual fund SIP; SEBI registered tax and investment expert Jitendra Solanki said, "A person can expect at least 12% of the total return or 10% of post-tax return on his investment over such a long period." Solanki said while investing, saving income tax at the time of redemption should also be kept in mind.


Therefore, taking into account a total of 12 percent or 10 percent of the post-tax refund on personal SIP monthly for 30 years to meet the establishment of the R7.2 crore retirement fund, mutual fund return calculator suggests that one needs to create the £ 9.61 crore corpuss will be. Post-tax engu 7.23 crore taxes.


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