Hello everyone, myself Dr. Saurabh

[SaurabhL]

My father in law works in a PSU, he will retire in July 2024, he won't get any pension, he will get an approximate amount of 55 lakhs after his other loans deduction. He intends to receive a sum of 30000 per month, so what are the best investment options for him, he wants a conservative approach, at the same time he intends his money to grow on yearly basis, so please let me know the exact schemes he should invest

 

[ShavirB]

Systematic Withdrawal Plan in a conservative fund should work in this case. His lumpsum is Rs. 55 Lakh and expected monthly income is 30K per month (3.6L Per Annum). This 3.6 Lakhs is ~6.6% of his lumpsum amount. So even if you choose a fund/ index which yields 7-8% he should be able to comfortably manage his retirement. Which Fund to invest in will depend on his risk appetite..

 

[SaurabhL]

Thanks a lot, could you suggest any fund with low beta and decent alpha

 

[ShavirB]

You can watch bekifaayati's video on SWP on Youtube. The video is titled "SWP for Monthly Income || Best Investment Plan for Monthly Income?"

 

[SaurabhL]

Ok thanks