Advise on Retirement planning

Dear Sreekanth ji, For a steady monthly income in retired phase, the options currently are limited when you have a larger need for monthly payout. And in such a scenario the best solution seems to invest your corpus in either a FD or a SWP in MF. The taxation is same in FD or in any debt based MF with a post tax yield of 5-5.6%. However in a Equity (large cap or top 20 funds) this can be much much higher at 9-12% as the returns are better and also tax incidence after 1 year will be just 10% but then you have a risk factor due to equity investments. Another option can be a Arbitrage fund which also has same tax as equity but then its effective yield post tax is less than a FD. To add to the complexity we also have to factor the Dividend distribution tax which a Debt fund will charge while doing the payout and that will further lower the yield. Keeping all these complexities in mind, can i seek your guidance as to what is a good plan to invest a lumsum corpus of about 50 lacs in a mixed bag of investments so as to effectively yield a monthly payout of about 45 to 50k and without eroding the corpus . It will be a great help if you can factor all the pros and cons for these or any other options of similar type. You have already covered in detail the others in your previous article/s.and that has been a very helpful guide for investors like me. Thanks and kind regards- Juvin