I want to build a dividend-based retirement portfolio to earn about Rs 1 lakh to Rs 1.5 lakh per month after my retirement. I can spare Rs 25,000 per month and have 22 years before I retire. Please suggest some funds.
- Arun
You don't need to focus on a dividend-based portfolio. If you invest Rs 25,000 a month for the next 22 years in an equity fund that earns an annualised 12 per cent, you will easily build a corpus of about Rs 3 crore to Rs 3.5 crore. All you need to do is invest regularly. Some funds that you can choose from are UTI Dividend Yield, HDFC Equity, Quantum Long Term Equity and ICICI Prudential Dynamic. These funds have a flexible mandate that allows them to invest across market caps. They will serve your purpose well.
This article was originally published on September 12, 2012.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
