The Decumulation Engine

Total: 100%

Indian advisory default: 30% debt · 40% hybrid · 30% equity. Hybrid funds (with >65% equity) are equity-taxed and provide a smoother return path than pure equity — which is why typical retiree portfolios rarely sit at 60%+ pure equity.

One unified Debt bucket: The Debt bucket combines liquid/money-market funds with short-duration debt funds — both T+1 redemption, both yielding around 6.5%. The architectural value isn't yield differentiation but the cascade discipline (drain Debt first, then Hybrid, then Equity). Many advisors run this as a single money market or short-duration fund.

Note: The "Fixed-4% Single Corpus" strategy always uses a fixed inflation-adjusted withdrawal — that's the canonical comparison case. Equity-rebalance threshold for refilling debt: equity has to be up +10% in a year. Otherwise debt is drained without refill.