Hello Sir, i am looking to have 1.5 lakhs of payout each year for next 25-30 years. So which would be a better investment option? I am looking for something that returns my initial investments at the end of term. If i am not wrong, the mutual funds dividend option erodes the initial investment over the years, correct? Is there any good financial instrument that meets my needs with a better returns? Thank you for your reply.
Hi, May I know your age? Is this expected periodic income used for meeting your living expenses? What would be your expected investment (corpus) for this purpose? Are you willing to take risk? What are your other existing investments (if any)??
Hi, May I know if your are adequately covered with life insurance? Is your family (self, spouse & kid) covered with adequate health insurance cover?
Hi, Glad to know that you have got your BASICs covered! Considering the type of Goal and the extent of risk you can afford to take for this, can look at a combination of Bank FDs & RBI Floating Rate bonds. In case, you have any senior citizen parent, can ask them to open Sr.Citizen Savings Scheme and can get periodic income (at slightly better rate of return Plz be aware of lock-in period and tax treatment. Related articles :
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