How many SIP do you need to get 2.5 lakh kh monthly income
Mutual Fund Calculator: The systematic investment plan or SIP helps mutual fund investors create a large amount over the long term by investing small ones each month. However, according to investment experts, one should keep in mind the inflation rate when investing and then set the investment target. If an investor follows this rule of thumb, he will be able to beat inflation during the investment period. For example, if an investor is investing for his or her post-retirement financial needs, then he or she will have to invest in such mutual fund options where he or she would earn a potential return to beat inflation by a margin.
On how much a person will need per month after retirement, Jitendra Solanki, a registered tax and investment expert at Sebi, said: “In a middle-class family, a retiree needs about ₹40,000 per month. Assuming inflation to grow at 6.5% per annum, this ₹40,000 monthly expenses will go up to approximately ₹2.5 lakh per month after 30 years or after retirement. “
Solanki said that at the age of 30, a successful person should start saving for their life after retirement. But, at this age, the professional should go through the nascent phase of his career. Thus, a lump sum amount may not be available for investing. In this case, the professional is advised to invest in SIP mutual funds.
On how much monthly SIP will be needed to obtain ₹2.5 lakh per month, Pankaj Mathpal, founder and CEO of Optima Money Managers said: “To get ₹2.5 lakh per month, an individual needs ₹5 crore at the age of sixty. If an investor starts investing in a SIP mutual fund at the age of 30, then they will have 30 years to invest and will create ₹Corpus of 5 crores. However, with an investor’s risk appetite in mind, I keep the SIP mutual fund return of 8 percent and an annual increase of 10 percent an investor to start with as little as possible. invest with ₹11,000 monthly SIPs for the next 30 years. “
On the way to get ₹2.5 lakh monthly income of this ₹Maturity amount of 5 crore generated by SIP mutual funds Pankaj Mathpal of Optima Money Managers said, “We also need to keep an eye on post-retirement inflation. Thus, if an elderly person, who has ₹5 crore in hand, can invest the amount in SWP for the next 20 years. Assuming an inflation of 6% and a return of 8% after retirement, the retiree will be able to obtain ₹2.5 lakh per month for the next 20 years from this one time investment using a 4% annual withdrawal from the SWP. “
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