2024-03-12 08:06:52
Moneyeduschool founder Arnav Pandya explains how a person can earn Rs 1 lakh per month through mutual funds and other investments. Speaking to Kavita Tablial on The Money Show, Pandya advised, “Investors should have an aggressive approach.
Equity is a key asset there. Because they need it to build more corpus at a young age. After a certain age you start working and earning. So, there is a limit to the time available to you.
If someone is willing to stop this process of working, earning and saving at age 40, their corpus should last another 40-50 years. However, unexpected expenses must be taken into account as they can derail your plan.
Talking about what would be the ideal investment amount for an individual to retire by the age of 40, you can expect a monthly investment of Rs. If you want to get 1 lakh, you need a minimum portfolio of Rs 4 crore.
At least 60 percent of your money should be equity-based assets. 20 percent should be debt and another 10 percent should be precious metals. Another 10 percent can come from real estate and other investments.
From this type of portfolio, you can expect the portfolio to continue to grow and withdrawals will not deplete the corpus. On the other hand, to retire at the age of 60, one would need to invest Rs 12,000 a month,” he explained.
You can withdraw 10000 rupees even if you don’t have money in your bank account.. Do you know how?
Last Updated Mar 12, 2024, 1:36 PM IST
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