So I have been looking for investments for my mom which provide a guaranteed monthly income (from a lumpsum investment). She already has investments of approximately 20 lacs in Balanced Hybrid Funds and is currently looking for less riskier options. She expects better returns than a Bank FD deposit. (Currently her bank is giving an after-tax return of 6%). Upon looking for options online, I found this. Please check this website for further details. https://www.hdfcsec.com/hdfc-ltd-fixed-deposits
Please tell us the viability of the above option or if you will suggest something else.
Suggest you to kindly go through below two articles and you may revert to me with more queries, if any;