What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses?

Mr. Kumar is a 40 year old NRI working abroad for past 5years. He invests Rs. 50, 000/­

for past 5 years and wants to continue until his return to India. He plans to return to India after 10 years from now and enjoy his life back home. Inflation is expected to be 4% for next 30 years and his investment earns 6% interest. His expected life expectancy is 70 years.

What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses?

Rs. 12,14,279/- and Rs. 6,358

Rs. 11,63,798/- and Rs. 5,845

Rs. 13,12,008/- and Rs. 7,008

Rs. 12,14,279/- and Rs. 9,554

View Answer

Answer: B