BEST MIS - Q & A Forum

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soumenkar asked 5 years ago

what may be the best MIS or monthly income plan for getting a standard immediate monthly income ? investment can be in million INR.

2 Answers

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Sreekanth Staff answered 5 years ago

Hi, May I know your current age and for how long you would like to get this periodic regular income?

soumenkar replied 5 years ago

Please consider age of around 40 yrs..and about the tenure, it can be both..short term like 2-3 years or for medium term like for 5-8 years.. however it is not decided…depending upon variation in monthly income… it should be somehow guaranteed type regular income..

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Sreekanth Staff answered 5 years ago

Hi, In case, you need regular income for longer period (or life-long), can consider immediate annuity plan from an Insurance company. But, the annuity rates in India are around 4 to 5 years and may not be able to beat the inflation rate. If you need periodic, guaranteed, fixed income and you can not afford to take any sort of risk (assuming you do not want to take any risk) then Bank FDs (with interest payable option) can be considered. Related articles :

soumenkar replied 5 years ago

Thank you Sreekanth for your valued response !