At present your expenditure is 40 thousand rupees per month, so after 20 years the same value will be around 1.5 lakh rupees. In such a situation, you will have to invest so much from now that after 20 years the monthly income of 1.5 lakh rupees every month continues. Know how to plan it.
Now after 40 thousand 20 years it will be 1.5 lakh rupees.
Mutual fund investments: If you want to secure your future, then you have to prepare for it now. In the last few years, the interest rate on debt instruments like fixed deposits, public provident funds, recurring deposits has been declining continuously. In such a situation, investors are looking for better investment options for themselves. Mutual funds are considered to be the best as an alternative, but market risk is also associated with it. However, if you invest in the long term, this risk reduces significantly.
Investment experts also say that while investing, the rising inflation rate has to be kept in mind. An average ROI (Return on Investment) of 10-12 per cent is easily available if you invest for the next 20 years. Inflation will also not be affected by this return. Suppose at present A’s monthly expenditure is 40 thousand rupees which includes everything. Based on the average inflation of 6-7 per cent, after the next 20 years, this amount will increase to close to 1.25-1.5 lakhs. In such a situation, A will have to invest so much that when he retires after 20 years, an income of about 1.5 lakh rupees will come every month.
What will be the valuation in future
According to ET Money Inflation Calculator, if presently A’s monthly expenditure is Rs 40 thousand, then after 20 years at an average inflation rate of 7 per cent, A needs Rs 1.55 lakh. At an average inflation rate of 6 percent, this amount would be Rs 1.28 lakh, while at an average inflation rate of 8 percent this amount would be Rs 1.86 lakh.
how much return will you get
According to SBI Mutual Fund Calculator, if Rs 50 lakh is deposited in lump sum at present, then after 20 years, it becomes Rs 3.36 crore according to 10 percent return. 4 crore on the average return of 11 per cent and Rs 4.82 crore on the return of 12 per cent.
With an average withdrawal of 4%, you will get Rs 1.5 lakh
According to this report published in Mint, if after the maturity of this investment, if 4 percent is withdrawn every year, then this amount will be between 1.2 lakh to 1.7 lakh, with an average of Rs 1.5 lakh. This will maintain balance in the portfolio and regular income will also come in. Vinit Khandare of MyFund Bazar said that if you want a regular income of Rs 1.5 lakh every month after 20 years (currently the value of Rs 40 thousand will be close to 1.5 lakh with inflation) now you have to deposit Rs 50 lakh in lump sum. The average return on this investment should be 10-12 per cent.
What are the options for investors
Conservative investors can choose HDFC Balance Fund and ICICI Balanced Advance Fund for this. At the same time, aggressive investors can choose Aditya Birla Sun Life Equity Advantage and SBI Flexi Cap Fund.
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