DWQA User Profile seemaQuestions(1)Answers(1)Posts(0)CommentsThanks for the prompt response Shri. Yes my need is a regular monthly income. I do not have any other sources of income.My financial goals are I need a monthly income for survival and later when markets give an opportunity in the form of a correction, I shall consider transferring my principle to some equity mutual funds with SWP for a monthly income, so that I shall get appreciation in my principle over long term 23 years, when I shall turn 60.I can't see any safe monthly income schemes at the moment that does not erode my capital and shall give me close to 38000 per month which is my monthly expense. I cannot afford to put in debt funds as they too might correct and I shall not have the liquidity to invest in equity funds when markets correct. And directly putting in equity finds or balanced funds is out of question at such high valuations of market.So at the moment safety of my capital and a monthly income is my primary necessity.I thought KTDFC gives a Government Guarantee for principle as well as interest and also a high interest rate. What is the risk here? Is it possible that Govt of Kerala may defer payments or something in case of default ? Pls clarify.On Answer for Can I put my retiral benefits in KTDFC as it is backed Kerala Government?Crop
