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The star fund manager says he wants to re-balance his personal portfolio, which has historically been skewed towards equities, as he is now in his 50s. He is also looking to build a separate corpus of ₹10 crore for pos...

India's retirees can't rely on historical returns like their Western counterparts. With falling asset returns, the safe withdrawal rate may be closer to 3% than the classic 4%.

Any amount received without consideration from a relative would not be taxable and is specifically exempt under section 56(2)(x) of the Income Tax Act, 1961.