Where can one Invest a lumpsum amount with lock-in period of 1-2 years and get monthly tax free returns?
1 Answers
Hi,
The only option that could think of is 'dividends' from mutual funds.
But kindly note that dividends may or may not be regular and are not guaranteed. But they are tax-free in the hands of the investor.
You may consider Systematic Withdrawal option of MIP MF scheme with growth plan.
I have explained the concept of SWP Vs dividend option the below article, kindly go through it and you may revert to me;
http://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
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