A worked example

From ₹1 Crore
to ₹42,835 / mo
in your hand.

Balanced mix · 30% slab · today's rates. Change any of these and the formulas below still apply — just re-substitute your values.

Step 1 · The sleeves

How ₹1 Cr splits across four sleeves

The Balanced preset assigns a fixed percentage to each sleeve. Every rupee is deployed — shares sum to 100%.

₹25,00,000
Guaranteed · FRSB / PSU bonds · 25%
₹15,00,000
Tax-free bonds · legacy PSU · 15%
₹20,00,000
InvIT / REIT · quarterly · 20%
₹40,00,000
Equity SWP · hybrid MF · 40%
Step 2 · What each sleeve yields

Post-tax cash flow, year 1

Different sleeves are taxed differently. That's the whole point — post-tax cash flow depends on the mix, not just the headline yields.

Guaranteed ₹25L × 8.05% × (1 − 31.2%) = ₹1,38,460 /yr
Tax-free ₹15L × 5.9% (no tax) = ₹ 88,500 /yr
InvIT/REIT ₹20L × 9.0% × (1 − 12%) = ₹1,58,400 /yr
Equity SWP ₹40L × 5.5% × (LTCG-lite) = ₹2,05,760 /yr
Total gross = ₹5,91,120 /yr
Step 3 · The tax

Slab · LTCG · exempt · blended

Each sleeve carries its own tax treatment. The blended effective tax rate on this Balanced mix lands around 13% — much lower than the flat 31.2% slab an all-FD portfolio would face.

₹6,78,700
gross annual (pre-tax)
− ₹87,600
blended tax
₹5,91,120
net · after tax
Step 4 · Divide by twelve

Monthly in-hand

The flagship shows a rounded ₹42,835 / mo for the Balanced mix on ₹1 Cr in the 30% slab — accounting for a small equity sleeve drag in year 1 and the safety-buffer rebalance that redirects a fraction back into the guaranteed sleeve.

₹42,835

per month · net of all sleeve taxes

And the comparison

What an all-FD portfolio would deliver

Same ₹1 Cr, all in an 8% FD, in the 30% slab.

gross = ₹1,00,00,000 × 8% = ₹8,00,000 /yr
slab tax = ₹8,00,000 × 31.2% = ₹2,49,600 /yr
net = ₹5,50,400 /yr = ₹45,867 /mo

Balanced mix trades a small monthly headline number for two important things the FD can't offer: inflation protection (the equity sleeve grows) and tax diversity (only ~13% blended, not 31.2% slab).

This is one worked example. Change corpus, mix, slab, or any yield in the flagship's Adjust sheet and the numbers above become stale. The formulas do not — they're the algorithm, forever. Illustrative, not investment advice.