My Father retired Yesterday and we are expecting a corpus of approx 2.1Cr to be credited soon on account of PF, Gratuity, Pension Lumpsum payout, etc. My Mother and Grandmother are dependent on my father and so is my sister. I am working in a PSB and not dependant.
Assets are roughly as follows - 4cr is property. 1cr in Deposits (FD, NSC, RD ,etc), 75L in Gold and silver. 46L in Stocks and 21L in MF, 20L in liquid fund. We don't have any vehicles and insurance.
He has planned to put 30L in SCSS and another 20L towards fixed deposits from the 2.1Cr expected fund. What should be done with the rest?
u/Asteroid06 — 12 days ago