1. You should invest the 15 lakh retirement corpus in products that suit your individual risk profile.
2. If invested in lesser risky products, like FD and Debt MF @7.5-8% annual interest, your corpus will exhaust after giving you a monthly income of 15,000 for 12-13 years (20,000 for 7-8 years).
3. A moderately risky product like Hybrid Aggressive MF could give you a return of 9-10% CAGR, giving you a monthly income of 15,000 for 14-16 years (20,000 for 9-10 years) before exhausting.
4. An aggressively risky MF like Multicap MF has the return potential for 11-12% CAGR, which may enable your corpus to give you a monthly income of 15,000 for 19-24 years (20,000 for 11-12 years) before it exhausts.
5. You could choose a combination of these products too, considering your age, life expectancy and other variables unique to you.
2. If invested in lesser risky products, like FD and Debt MF @7.5-8% annual interest, your corpus will exhaust after giving you a monthly income of 15,000 for 12-13 years (20,000 for 7-8 years).
3. A moderately risky product like Hybrid Aggressive MF could give you a return of 9-10% CAGR, giving you a monthly income of 15,000 for 14-16 years (20,000 for 9-10 years) before exhausting.
4. An aggressively risky MF like Multicap MF has the return potential for 11-12% CAGR, which may enable your corpus to give you a monthly income of 15,000 for 19-24 years (20,000 for 11-12 years) before it exhausts.
5. You could choose a combination of these products too, considering your age, life expectancy and other variables unique to you.