I have gone through the mail from bajaj capital. How did they arrived to this calcuation. Can anyone please clarify ,is that good source to invest.
Contents paste from website below :
Did you know?
If your monthly expenses are Rs. 30,000 today, these will be Rs. 80,000 per month after 20 years?*
In order to cover shortfall of your income in future, you have to beat inflation. Just invest Rs. 1 lakh one time or Rs. 5000 per month in the growth schemes of diversified Equity Mutual Fund through the systematic Investment Plan (SIP) of diversified Equity Mutual Fund (Growth Scheme). Your amount is likely to grow to around Rs. 2 crore or more in due course of time. When you get Rs. 2 crore, you can invest some amount in Goverment Schemes and some amount in Diversified Equity Mutual Fund (Dividend pay-out options) and can hope to get an average return around Rs. Two lakh per month, without spending your capital amount, which will take care of your higher expenses at that time. (This can even continue for your next generation also)
|*Inflation assumed @ 5% per annum|