I am 34 years old and I want to invest for my retirement. While the absolute amount appears to be large, however, after factoring inflation at 6%, it equals to ₹2.35 crore, which will take care of your monthly requirements. As your investment horizon is long term, consider equity as an asset class. Within equity, you can consider mutual funds as your investment vehicle. You can have a combination of large-cap, multi-cap and mid-cap mutual funds along with a debt component, which could be a combination of Public Provident Fund and short-term debt funds.

Source: Mint October 21, 2019 17:37 UTC