As I am 52 years old and unemployed, I am in need of total annual expenses of around Rs 6-7 lakh. I therefore request for income generating plans as I am NRI returnee. At present all my investments are in mutual funds portfolio having current market value of Rs 1.6 crore approximately which are mentioned below along with their weightage.
1. Birla GSF LT-6%
2. HDFC MIP LT-20%
3. HDFC Top200-20%
4. L&T Equity-13%
5. Quantum LT- 22%
6. Reliance Balance-13%
7. Temp Income Opp-6%
Besides, please also suggest if any of my above funds need to be replaced or consolidated to meet my objectives. Many thanks.