Business
Building wealth for retirement: How to plan Rs 1 lakh monthly passive income? Experts outline safe and risky routes – The Times of India
For most Indians, the fear of outliving retirement savings looms larger than ever as life expectancy rises and medical costs climb. Picture this: your morning coffee in retirement, bills paid, lifestyle intact — and all of it supported by a steady Rs 1 lakh monthly income. Financial planners say this is possible, but the secret lies in building the right retirement corpus and matching it with your risk appetite.Depending on the investment route you choose, the required savings range from Rs 1 crore to Rs 2 crore. Safe options like annuities and fixed deposits can work with Rs 2 crore, while those willing to take higher risks may target the same income with just Rs 1 crore in diversified equity funds.How much do you need to earn Rs 1 lakh a month?To generate Rs 12 lakh annually, the required corpus depends on the rate of return. With Rs 2 crore, investors can choose safer instruments like annuities, debt funds or fixed deposits, which typically offer around 6% returns, according to an ET report. For those with Rs 1.5 crore, instruments offering 8% returns, such as the Senior Citizens’ Savings Scheme, balanced hybrid funds or equity savings funds, may be enough. According to Value Research data (September 2, 2025) quoted in the ET analysis, balanced hybrid and equity savings funds have delivered 8.80% and 8.10% CAGR respectively over the last decade.Risk-tolerant investors with Rs 1.2 crore can aim for products that generate about 10% returns, such as aggressive hybrid, large-cap or large-and-midcap funds, which have delivered 11.98%, 12.75% and 14.69% CAGR respectively in the last 10 years. At the highest-risk level, those with Rs 1 crore can still target Rs 12 lakh annual income by investing in flexicap or multicap funds, which have historically returned over 12% CAGR. Flexicap funds, for instance, gave 13.64% CAGR in the past decade.
Table source: ETWithdrawal-based strategies to keep corpus intactSome planners recommend strategies that preserve capital while providing inflation-adjusted returns. Rohan Goyal of MIRA Money suggests a 4–5% withdrawal rate, requiring Rs 2.4–3 crore to sustainably generate Rs 12 lakh annually. “A 4–5% withdrawal rate is low enough that portfolio growth should outpace withdrawals, making the corpus last decades,” he was quoted as saying.Arun Kumar of FundsIndia advises an 85:15 split between aggressive hybrid and arbitrage funds, with systematic withdrawal plans (SWPs) starting after one year. Withdrawals should pause if the market corrects sharply and shift temporarily to arbitrage funds, resuming later.Elever’s Karan Aggarwal suggests a glide-path approach: begin with a 50:50 split between debt and arbitrage funds, then shift 10% annually towards equity until the sixth year, when equity allocation reaches 50%.Tax rules to rememberTax treatment varies across instruments. Equity funds attract 15–20% short-term capital gains tax and 10–12.5% long-term capital gains tax, while debt funds face 20% with indexation or 12.5% without. Hybrid funds are taxed according to their asset mix, said CA Suresh Surana.Don’t forget inflationA fixed withdrawal of Rs 1 lakh today may lose significant value over 10 years. SWPs that allow part of the corpus to remain invested and continue compounding can help balance current income with future security.Experts say there is no universal formula for securing Rs 1 lakh a month. “Start early, diversify across equity, debt and hybrid options, and review periodically,” one planner said. “What matters most is matching investments with risk appetite and keeping income inflation-adjusted.”(Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.)
Business
Upcoming IPOs This Week: Urban Company Among 9 Firms Set To Launch Public Issues; Full List
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Nine IPOs, including Urban Company and Airfloa Rail, will launch between September 8 and 18, 2025.
Upcoming IPOs.
Upcoming IPOs: The primary market is set for an action-packed week as nine companies are scheduled to launch their initial public offerings (IPOs) between September 8 and September 15, 2025. These offerings include a mix of small and medium enterprises (SMEs) and mainboard listings.
Nilachal Carbo Metalicks (NCM SME)
Nilachal Carbo Metalicks will open its IPO between September 8 and 10, 2025, at a fixed price of Rs 85 per share. The company’s listing is scheduled for September 15.
Karbonsteel Engineering (KARBONSTEEL SME)
Karbonsteel Engineering will hit the market during the same window of September 8–10. With a price band of Rs 151 to Rs 159, the engineering firm is looking to attract SME investors ahead of its listing on September 15.
Krupalu Metals (KRUPALUMETALS SME)
Krupalu Metals, another SME in the metals sector, will also open its IPO from September 8 to 10. The company has fixed its share price at Rs 72, and it will make its stock market debut on September 15.
Taurian MPS (TAURIAN SME)
Taurian MPS will join the cluster of early movers with its IPO running from September 8 to 10. Priced between Rs 162 and Rs 171, it will be among the higher-value SME offerings of the week, with its listing scheduled for September 15.
Jay Ambe Supermarkets (JAYAMBE SME)
Jay Ambe Supermarkets will open its IPO a day later, between September 9 and 11. With a price band set at Rs 74 to Rs 78, the retail-focused chain will list on September 16, seeking to tap into consumer-driven investor interest.
Shringar House of Mangalsutra (SHRINGAR)
Jewellery brand Shringar House of Mangalsutra will launch its IPO between September 10 and 12. Priced in the range of Rs 155 to Rs 165, the issue will list on September 17, offering investors exposure to the ornament and accessories market.
Urban Company (URBANCO)
One of the most awaited IPOs, Urban Company, will also open its books from September 10 to 12. With a price band of Rs 98 to Rs 103, the home services platform is set to make its stock market debut on September 17.
DevX (DEVX)
DevX, a provider of co-working and incubation services, will launch its IPO alongside Urban Company between September 10 and 12. Shares will be offered at Rs 56 to Rs 61, with the listing expected on September 17.
Airfloa Rail Technology (AIRFLOA SME)
Rounding off the week, Airfloa Rail Technology will open its IPO from September 11 to 15. The company has set a price band of Rs 133 to Rs 140 and will list on September 18, marking the final debut in this cluster of offerings.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
September 07, 2025, 21:18 IST
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New Delhi: Planning a bank visit this week? You might want to double-check first. Between September 8 and 14, 2025, many bank branches across India will remain shut on different days due to a mix of national and regional holidays, including Eid-e-Milad, the Friday following Eid, and the usual weekend closures.
Bank Closures Under RBI Holiday List
The Reserve Bank of India (RBI) has listed these holidays under the Negotiable Instruments Act, which covers transactions like cheques and promissory notes. While ATMs and online banking will continue to work, customers won’t be able to access in-person services at branches in the affected regions.
Why Did Mumbai Shift the Eid-e-Milad Holiday to September 8?
In Mumbai, Eid-e-Milad was initially slated for September 5, but the Maharashtra government shifted the holiday to Monday, September 8. The decision came after a request from the Muslim community to ensure harmony with Ganpati Visarjan celebrations on Anant Chaturdashi, which falls on September 6. Because of this change, all public and private banks in Mumbai will stay closed on September 8. (Also Read: CBIC Denies Viral Claims On GST Transition Benefits From Sep 22, Calls Message Misleading)
Full Bank Holiday List (Sep 8–14, 2025)
September 8 (Monday) – Banks closed in Mumbai for Eid-e-Milad
September 12 (Friday) – Banks closed in Jammu and Srinagar for Friday following Eid-i-Milad-ul-Nabi
September 13 (Saturday) – Second Saturday – Nationwide bank holiday
September 14 (Sunday) – Sunday Holiday – All-India (as per RBI rules)
What Can You Do When Banks Are Closed?
Even when branches are shut for holidays, most services remain within your reach. Customers can continue using online and mobile banking, as well as UPI and bank apps, for payments and transfers. ATMs also function normally, ensuring cash withdrawals are available during emergencies. (Also Read: GST Rate Cuts Big Relief For FMCG, Apparel, Footwear, Restaurants: Report)
However, transactions involving cheques and promissory notes are affected. That’s because the RBI issues the annual holiday list under the Negotiable Instruments Act, which governs such instruments. On these declared holidays, processing of cheques and similar paper-based transactions won’t take place.
London Underground services were disrupted on Sunday at the start of walkouts by thousands of workers which will cause travel disruption in the capital.
Members of the Rail, Maritime and Transport union (RMT), including drivers, signallers and maintenance workers, launched a series of strikes over pay and conditions which will lead to huge disruption for millions of travellers.
Transport for London (TfL) warned there will be few or no services between Monday and Thursday, as disruption started on Sunday.
TfL has offered a 3.4% pay rise which it described as “fair” and said it cannot afford to meet the RMT’s demand for a cut in the working week.
Nick Dent, London Underground’s (LU) director of customer operations, said union demands for a cut in the 35-hour week were “simply unaffordable” and would cost hundreds of millions of pounds.
The last Tube-wide strike was three years ago, over pay and pensions, but Mr Dent said next week’s action will be different because separate groups of workers will walk out on different days.
“It will be very damaging for us,” he added.
An RMT spokesperson said: “We are not going on strike to disrupt small businesses or the public.
“This strike is going ahead because of the intransigent approach of TfL management and their refusal to even consider a small reduction in the working week in order to help reduce fatigue and the ill health affects of long-term shift work on our members.
“We believe a shorter working week is fair and affordable, particularly when you consider TfL has a surplus of £166 million last year and a £10 billion annual operating budget.
“There are 2,000 fewer staff working on London Underground since 2018 and our members are feeling the strain of extreme shift patterns.
“London Underground is doing well financially and all our members want is fair consideration. But TfL is refusing to even consider marginally reducing the working week, citing costs ranging from tens of millions to now hundreds of millions.
“We remain open to talks, securing a negotiated settlement and call on the Mayor of London to intervene.”
Passengers have been urged to check before they travel, with Tubes that do run, as well as buses, which are expected to be busier than usual.
Docklands Light Railway services will also be hit next Tuesday and Thursday because of a strike by RMT members in a separate pay dispute.
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