Kindly suggest me a good scheme to invest 50lac from where i can get 45k per month. FD from PBU, non banking financial sector, NCD or pls advice any other sources.
I also want to invest 10k per month in mutual fund. Suggest a mutual fund to invest for 10 years period as sip.
3 Answers
Hi,
For how long (number of years) you would like to receive Rs 45,000 monthly income?
Is this Rs 50 Lakh your retiral benefits? or through any other sources?
Kindly read:
http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
http://www.relakhs.com/top-15-best-mutual-funds-schemes-2016-sip-lumpsum/
Thanks for your reply.
I would like to get income for next 20 years.
The amount is from my land. Please tell the TDS procedure also. I am planning to invest each 10 lac in 5 members of our family.
Hi,
If Rs 50 Lakh is invested at expected return of 9% , assuming 8% inflation, then you can get around Rs 22k per month for next 20 years.
So, the target return is 9% (conservative figure).
You consider options like upcoming secured NCDs with non-cumulative and monthly interest payment options. I guess Indiabulls is coming up with latest NCD on 15th September. You may invest portion of your corpus in this. The expected returns are around 9%.
If any of your family member is a Senior citizen then can consider Post office Sr. Citizen Savings scheme. Can also consider PO MIS Scheme.
You may take a little bit of risk and can invest in MIP Mutual fund - Growth optin with monthly Systematic Withdrawal Plan.
Kindly be aware of the tax implications of all these investments.
Read:
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
http://www.relakhs.com/latest-ncd-issues-2016-2017/
http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
http://www.relakhs.com/best-debt-mutual-funds-india-top-debt-funds/
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