A mutual fund is a risk-based investment. There is no guaranteed guarantee of return. But despite this investment, experts advise investing in mutual funds. One of the main reasons for this is that investment in RD, FD and PPF is causing inflation in the present day. At the same time, in the past few years, mutual funds have been making 10 to 12 percent returns over 15 years. This is why rising inflation does not affect you. In such a situation, such people who retire in the next 20 years should put their money in the right place so that their regular income stays.
Talking about the retirement plan, SEBI expert Jitendra Solanki said, “Whenever you plan to buy a retirement plan, it is best to keep track of the inflation rate. Nowadays, a middle class person needs 40 thousand rupees after retirement. If we keep in mind the rising inflation over the next 20 years, then it will be Rs 1.20 lakh to Rs 1.50 lakh. So your investment return should be around this.
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Vineet, CEO of MyFund Bazaar, said, “A person can earn Rs 50 lakh for 20 years. If invested, he gets an average of Rs 1.5 lakh per month. Then it will be better in line with the inflation rate. Vineet explains that if the annual withdrawal rate is 4%, around Rs 1.2 lakh to Rs 1.7 lakh is available per month. That means you have to spend Rs 50 lakh on mutual funds for 20 years. If you invest, you get 10 to 12 percent return.