Investment of Retirement Corpus

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mohan phullay (Querist)

08 March 2021 Dear Sir
I retired from a PSU at age 59.5 years. Please suggest suitable investment plan for regular income and growth of wealth.
Total corpus is Rs 2 Cr . Requirement for annual expenses is Rs 6 Lacs. In addition I have to invest 6 Lacs in 4 PPF accounts ( Self, Wife and 2 daughters of 8 year age till 2034). 2 Nos Sukanya accounts ( 3 Lacs pa till 2029).
Kindly suggest suitable options so that I am able to avail tax benefits limits available to me and my my wife. Also , please suggest investments which are safe and give optimal returns.
My earlier investments are 50 Lacs in Shares and MFs and 15 Lacs in Tax free bonds taken from secondary market., 20 Lacs in PPF and a few insurance policies with not so significant cover/premiums.

Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

24 September 2021 You may diversify your investment in RBI bonds, Sovereign Gold bond Scheme, Senior Citizen savings account, & partly in hybrid Mutual funds..

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