Investing 2 crores lump sum to generate a regular income of 1 lakh per month (inflation adjusted) is a significant financial goal. To achieve this goal, you need to make smart investment choices and maintain a well-diversified portfolio.
Here are some steps you can take:
Determine your investment horizon:
Decide on the asset allocation: For low to moderate risk takers, a balanced portfolio of equity and debt is a good option. You can allocate 60-70% of your portfolio to debt and the remaining 30-40% to equity. This will provide a reasonable balance of safety and growth.
Invest in debt instruments: You can invest in debt instruments such as fixed deposits, corporate bonds, and debt mutual funds. Debt instruments provide a stable and regular income stream with relatively low risk. However, keep in mind that the returns on debt investments are lower than equity investments.
Invest in equity mutual funds: To generate higher returns, you can invest a portion of your portfolio in equity mutual funds. Choose mutual funds with a good track record of performance and a diversified portfolio. Avoid investing in high-risk funds and stick to large-cap or multi-cap funds.
Rebalance your portfolio: It's essential to regularly rebalance your portfolio to maintain the desired asset allocation. This will help you reduce the risk and optimize returns.
In terms of recommended funds, here are some options you can consider:
Debt mutual funds: HDFC Corporate Bond Fund, ICICI Prudential Corporate Bond Fund, and Axis Corporate Debt Fund.
Equity mutual funds: Axis Bluechip Fund, ICICI Prudential Nifty Next 50 Index Fund, and HDFC Flexi Cap Fund.
It's important to note that these are just examples, and you should do your research and consult with a financial advisor before making any investment decisions.
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