Financial Strategy Suggests Splitting ₹3 Crore for Long-Term Wealth

The claim that splitting ₹3 crore into two equal parts of ₹1.5 crore each is a strategy for long-term wealth management is supported by the general principles of investment diversification mentioned in the provided context (Reference 4). The claim that investing ₹1.5 crore in a Fixed Deposit (FD) can yield 6-7% interest is also supported by the context, which mentions FD interest rates (Reference 1). Similarly, the claim that investing ₹1.5 crore in Nifty 50 can yield 10-12% return in the long term is plausible given the historical returns of Nifty 50, though specific long-term projections vary (Reference 7 shows Nifty 50 TRI returns ranging from -53% to 79% in specific years, and Reference 1 mentions aggressive hybrid funds yielding 9% in year 5). The calculation that withdrawing ₹1,75,000 per month from an FD after a 30% tax deduction results in ₹1.5 lakh per month for expenses is arithmetically correct (175000

0.70 = 122500, which is not 1.5 lakh; however, if the withdrawal is from the principal and interest, and the interest rate is high enough, it might be possible to withdraw 1.75 lakh and have 1.5 lakh after tax, but the calculation itself is not fully supported or refuted by the provided text). However, the specific calculations regarding the remaining amount in the FD after 10 years (₹1.21 crore), the capital gains tax on withdrawing ₹2.33 crore (₹16,70,000), the remaining amount after tax (₹2.16 crore), the sustainability of withdrawals for 17 years, the Nifty 50 investment growing to ₹15 crore, and the condition for repeating the cycle (interest exceeding withdrawal) are not verifiable or are contradicted by the provided context. The context does not offer specific calculations for these long-term scenarios or projections for Nifty 50 growth to ₹15 crore. Reference 1 discusses a ₹1 crore corpus providing monthly income, and Reference 2 discusses retirement planning with different asset classes, but neither validates the specific figures and timelines presented in the claim. The claim about the specific tax amount and remaining balance after withdrawal and deposit into FD is also not substantiated. [1][2][3]