Where to invest to generate a regular income of Rs 1 lakh per month after retirement

I am 45 years old and earn Rs 1.5 lakh a month, after tax..

Your existing portfolio of Rs 1 crore places you in a comfortable position to earn Rs 1 lakh a month after retirement..

You can consider the direct plans of PGIM India Flexi Cap Fund and Parag Parikh Flexi Cap Fund for the flexi-cap category; ICICI Prudential S&P BSE Sensex Index Fund and HDFC Index Fund S&P BSE Sensex Plan for the large-cap index category; and Kotak Equity Hybrid Fund and ICICI Prudential Equity and Debt Fund for the aggressive hybrid category..

For fixed income instruments, you can invest Rs 1.5 lakh a year in the PPF from your incremental savings. Also invest your incremental monthly surplus in 4:1 ratio in equity mutual funds and fixed income instruments as mentioned above for a bigger post-retirement corpus..

For instance, if your monthly expenses are Rs 50,000 and existing corpus is Rs 15 lakh (based on the amount mentioned by you), you can assume a high average inflation of, say, 6%..