BAF: Your retirement BFF?

Abhijeet, a recent retiree after a 35-year corporate career, has accumulated a retirement corpus of Rs 1 crore. He and his wife require about Rs 5 lakh annually, adjusted for inflation, to maintain their lifestyle. With BAFs (balanced advantage funds, also known as dynamic asset allocation funds) as a potential solution for setting up an SWP (systematic withdrawal plan), Abhijeet reached out to us to determine if this option can provide sustainable retirement income.