Funds for Monthly income

Hi, For how long (tenure), you would like to receive this fixed and regular income? May I know if you are going to be totally dependent on the income generated by this corpus (investment)? Suggested reading; https://www.relakhs.com/list-of-best-investment-options-schemes-in-india/  

Thanks a lot. After going through your information, I think to invest some portion in fixed income like Post office MIS 9 lakh ( self & spouse) which yield approx 6000 a month, I get rental income 8000 pm, 15 lakh investment in mutual fund. Please advice which one do you recommend SWP or MIP with monthly dividend or any other option. I understand some risk. thanks.
Saravanan

Dear Saravanan Ji, If you would like to receive fixed and regular income, may be SWP option of a MIP fund can be considered. The SWP withdrawal amount can be based on the number of years you would like to receive the amount and the Corpus amount (investment), Read: https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/

Thanks Mr Sreekanth for useful suggestion. I have lumpsum 25 L to invest in MIP funds / Balanced funds of top 5 with SWP. Can you please advise on how do I decide when is the right time to invest. Currently SENSEX at peak, should I wait for index coming down or start investing periodically like one fund each month?   Please advice an optimal solution.  Thanks Saravanan

Dear Saravanan, Let's not try timing the markets, its next to impossible. Looks like, BJP is set win in most of the State assembly elections, especially in a big state like UP. So, this may again push the markets higher in short term.  So, do not wait to invest, kindly start investing, may be in installments.