InvestorQ : How to invest 5000 per month for a retirement courpus if I increase 10% in investment every year going forward. currently I am investing: 1. Axis Small Cap MF -- 1500 2. UTI Mid Cap MF -- 1000 3. Around 2500 in Blue Chip Stocks per month long term.
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How to invest 5000 per month for a retirement courpus if I increase 10% in investment every year going forward. currently I am investing: 1. Axis Small Cap MF -- 1500 2. UTI Mid Cap MF -- 1000 3. Around 2500 in Blue Chip Stocks per month long term.

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Anjali Desai answered.
3 months ago
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Keeping aside what you've already invested, you can further look into the following options:

National Pension Scheme: NPS is beneficial for those looking for retirement planning. In Tier 1, the investor can collect 60% of their investment on maturity. But the rest is paid in the form of income in frequent intervals and is taxed as such. This instrument does have the benefit of tax deductions under Section 80CCD. Tier 2 investors do not need to keep 40% for annuities and can instead withdraw the complete amount on maturity.

Public Provident Fund: PPF has a long-term lock-in period of 15 years which can be extended by five years more. Central Government of India controls the interest rates on such funds and have power to change it on a quarterly basis. Previously the rate of interest stood at 7.9% per annum which was changed during October quarter and is now 7.1% p.a. For those with preference of investments with lower risk, this government backed scheme is a viable option.

Post Office Monthly Income Scheme: Post Office MIS pays the investor a monthly income as interest. Here the investor gets 6.6% interest on total investment every month. For those looking for retirement planning, this is a very good option. It is very reliable and gives fixed returns.

Term Insurance: For the safety of your loved ones, look into term insurance. The investment you make will be paid to the beneficiaries mentioned on the insurance policy once you are no more.

Health Insurance: In old age there will be several health or medical bills you might have to pay. Health Insurance covers these expenses for you, based on the plan you choose.

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