I am a retired person aged 65 years. I am a non pensioner .I am having Rs 10 Lakhs maturity amount from FD now. Pl suggest me where i can invest to get annually from this amount minimum 10% return which i can withdraw annually with medium risk. I can keep this money for minimum 5 years with minimum 10 % return on investment. Regards S. RAMAKRISHNA
3 Answers
Hi Ramakrishna ji,
Are you completely dependent on the income generated from this Corpus money? (or) do you have any other sources of income or Assets?
Do you have dependents? May I now if you have Health insurance cover?
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Dear Sreekanth
I am having health insurance cover and life cover. I am dependent on the income generated from this investment annually.Regards .S. Ramakrishna
Hi,
After 5 years, may I know what would you like to do with the principal amount or leftover corpus (if any), after withdrawals??
If you are totally dependent on this income, you may have to rethink if you can afford to take risk or not.
Suggest you to select guarenteed returns products on high priority basis ie Post office MIS Scheme or PO Senior citizen savings scheme.
Beyond these, you can consider debt options like Secured NCD issues with 3 to 4 year cumulative option (or) MIP MF - with SWP option.
Kindly read:
What are NCDs?
Best MF MIP Options.
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