I am 29 yrs , doctor by profession with a monthly income of Rs.80,OOO and working in a corporate hospital. Want to know about retirement scheme and mutual fund. I want to retire at the age of 55 and want 1-1.5 lac/ month after that…how much to invest for retirement in India or I should invest my money? I also want to know how much I should invest in MF?
It is sad that there is no such retirement product which you can say BEST. Hence, you have to create your retirement corpus by investing in debt:equity proportionally. Also, do your own research or take a help of an adviser to calculate the retirement planning. Your current requirement of Rs.1 to Rs.1.5 lakh may seems big NOW. It the value of money diminishes at your retirement time.