Pension calculator: SIP you need to get ₹1 lakh monthly income post-retirement
3 years, 2 months ago

Pension calculator: SIP you need to get ₹1 lakh monthly income post-retirement

Live Mint  

Pension calculator: Sakshi Tyagi is a 35 year old IT professional. To achieve this ambitious target of ₹1 lakh monthly income post-retirement, one can look at creating a corpus of around ₹13 crore that can be invested in SWP for next 25 years. " Vinit Khandare of MyFundBazaar India advised investors like Sakshi to go for equity mutual funds SIP as it yields around 12 to 14 per cent in long-term. Mutual fund calculator Assuming ₹13 crore investment goal in mind, around 13 per cent mutual fund return and 15 per cent annual step up in one's mutual funds SIP, SIP calculator suggests that one would require around ₹17,000 to ₹18,000 monthly SIP for 25 years to achieve ₹1 lakh monthly income post-retirement. Source: piggy SIP calculattor Asked about the mutual funds SIP plans that can help an investor achive the above-mentioned investment goal; Pankaj Mathpal, Founder & CEO at Optima Money Managers listed out the following 5 mutual fund plans: 1] ICICI Prudential Focused Equity Fund; 2] ABSL Equity Advantage Fund; 3] Axis Midcap Fund; 4] Nippon Small Cap Fund; and

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