💰Monthly pension hack! 🙏Example for the above video: (We will be explaining this step by step process on Dime where you get weekly Personal Finance actionable insights right to your inbox) Ramesh, a retired engineer, has a corpus of ₹50 lakhs invested in a mutual fund. He wants to supplement his pension with a regular income stream. Ramesh sets up an SWP to withdraw ₹20,000 every month from his mutual fund investment. Assuming the mutual fund’s NAV is ₹20, the fund manager will redeem enough units each month to generate ₹20,000. For instance, if the NAV is ₹20, they would sell approximately 1,000 units (₹20,000 / ₹20 NAV) each month. ✅ Regular Income: Ramesh receives a steady monthly income of ₹20,000, helping him cover living expenses. ✅ Capital Preservation: Since only a portion of his investment is withdrawn, the remaining amount continues to grow, potentially offsetting the withdrawals and preserving his capital. ✅ Flexibility: Ramesh can adjust the withdrawal amount or fre...