Where should I invest 25 lakhs to get monthly income?

What is the best investment to get monthly income?

Money market accounts and certificates of deposit (CDs) are very safe investments that can be used for monthly income.

Where should I invest 50 lakhs to get monthly income?

As one of the safest options to protect your savings, Bajaj Finance FD is the best choice for you to get started. Here's what makes Bajaj Finance Fixed Deposit the best choice to get a monthly income out of your hard-earned savings of Rs. 50 lakh.

Which investment plan gives monthly income?

Monthly Income Plans, known as MIPs, are debt-oriented hybrid mutual funds that give a fixed return every month to the investor. The ratio of equity investments is considerably low, but is just enough to give you an added advantage to the stability of the debt part of the fund.

Where should I invest 40 lakhs for monthly income?

Invest your surplus of ₹40 lakh in the direct plans of these funds -- Tata Index Sensex Fund or HDFC Index Sensex Fund; Mirae Asset Emerging Bluechip Fund or Parag Parikh Flexi Cap Fund; and Kotak Small Cap Fund or Axis Small Cap Fund -- through (systematic investment plan) SIPs of one year in the ratio of 40:40:20.

How to Get Rs. 5 Lacs/month From an Investment of Rs. 25 Lacs With Chetan Kapur

What can I do with 25 lakhs?

What can I do with 30 lakh rupees?

You should split the Rs 30 lakh between a mix of government-backed schemes, mutual funds and corporate fixed deposits. Park Rs 4.5 lakh in a Post Office Monthly Income Scheme. This will earn you 7.6% interest per annum, payable monthly. Invest the second tranche of about Rs 15 lakh in corporate FDs.

Where can I investing 10 lakhs to get monthly income?

What is SBI Magnum Monthly income Plan?

SBI Debt Hybrid Fund is a conservative hybrid fund. It was originally launched as a monthly income plan under the name SBI Magnum Monthly Income Plan in April 2001. The scheme has given attractive returns of 6.84% and 9.30% over the last 3 year and 5 year periods respectively (as of January 2019).

What is Post Office Monthly income Scheme?

The post office offers a monthly income scheme where investors can earn up to 6.6% annual interest every month. POMIS account can be opened singly or jointly, a guardian (acting on behalf of a minor), or a minor above the age of 10 can open a MIS account in their name.

What is the safest investment with highest return?

How can I increase my monthly income?

Is there any Monthly income Scheme in SBI?

Earn monthly income with SBI Annuity Deposit Scheme

The scheme enables customers to make one-time lump sum deposits and receive re-payment of the amount in monthly annuity instalment comprising part of the principal amount plus interest. The period of deposit will be 36, 60, 84 or 120 months.

Can we get monthly income from mutual funds?

Yes, you can get monthly income from mutual funds. The best way for that is to opt for SWP or Systematic Withdrawal Plan in a mutual fund scheme. Through SWP, you can withdraw a fixed amount on a monthly or quarterly basis from the investment you have made in any mutual fund scheme.

What is the best way to invest 20 lakhs in India?

Mutual Funds

You can invest the whole of Rs. 20 lakhs in a lump sum in mutual funds. The amount will keep earning returns based on the market performance of the fund. The accumulated corpus can be used to create a monthly source of income or add to the ongoing income.

How can I earn crores?