First, define the objective
It is important to chalk out what she intends to derive from this investment.
- Is she looking for a regular income to meet her expenses?
- Does she want to invest for wealth creation with some occasional withdrawals, if need be? Or
- Does she want to invest to accumulate a larger corpus for her heirs?
Investing for income
If she intends to derive a regular income, then she must invest about (one-third) Rs 10 lakh in equities and the rest in fixed income.
This article was originally published on October 01, 2022.