1. Select a 4/5-star ELSS fund with high 5-yr CAGR returns, so that you may not need to "swap" the fund due to its non-performance.
2. Invest 12,500 per month through SIP (even weekly SIP is ok) during your entire taxable earning years, as the entire annual investment of 1.5 lakh will enjoy tax rebate u/s 80C.
3. Even a conservative 13% CAGR return (currently much higher) on this ELSS investment will enable accumulation of 1.4 / 2.8 / 5.4 Crores retirement corpus in 20 / 25 / 30 years of earning.
4. A monthly SWP of 1.4 / 2.8 / 5.4 lakhs can then be easily withdrawn from the same ELSS corpus to meet retirement needs for the next 30 years, even without investing in further SIPs, besides retaining the accumulated corpus of 1.4 / 2.8 / 5.4 Crores till the end, for any subsequent bequeathal too.
5. ELSS fund is helpful to accumulate such a corpus through good disciplined investment as there will always be a compulsory 3-year lock-in of invested SIPs, which will enable the power of compounding in the corpus too.
2. Invest 12,500 per month through SIP (even weekly SIP is ok) during your entire taxable earning years, as the entire annual investment of 1.5 lakh will enjoy tax rebate u/s 80C.
3. Even a conservative 13% CAGR return (currently much higher) on this ELSS investment will enable accumulation of 1.4 / 2.8 / 5.4 Crores retirement corpus in 20 / 25 / 30 years of earning.
4. A monthly SWP of 1.4 / 2.8 / 5.4 lakhs can then be easily withdrawn from the same ELSS corpus to meet retirement needs for the next 30 years, even without investing in further SIPs, besides retaining the accumulated corpus of 1.4 / 2.8 / 5.4 Crores till the end, for any subsequent bequeathal too.
5. ELSS fund is helpful to accumulate such a corpus through good disciplined investment as there will always be a compulsory 3-year lock-in of invested SIPs, which will enable the power of compounding in the corpus too.