Hey Sreekanth,
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.
1 Answers
Hi,
Suggest you to kindly go through below two articles and you may revert to me with more queries, if any;
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