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Can my father withdraw 15000 monthly from his retirement corpus of 8 Lakhs

My father is retiring within six months, he will got around 8 lac from retirement? He want monthly income of 15 to 20 thousand, then please suggest where and how to invest money with average Risk?

Sep 15, 2016 by Sandip, Pune  |   Mutual Fund

It is impossible to get the kind of return you father is looking for! If he wishes to get Rs. 15,000 - 20,000 per month from his retirement money of Rs. 8.00 Lakhs, then he is actually looking at a return of 22.5% - 30%! Getting this kind of returns is just impossible to the best of our knowledge.

With average or moderate risk, your father can invest in mutual fund MIPs and withdraw through monthly SWP mode. In that case, he should not withdraw more than 9-10% annually (monthly Rs. 6,000 - 6,500 or so).

You may check the returns of top performing MIPs from here https://www.advisorkhoj.com/mutual-funds... Thanks

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