I want to know the option available for Best Monthly Income Plan. Which can give better post taxation yield? I need this income for some unplanned expenses which I need to face monthly or quarterly.
May I know what are those unplanned expenses? Also, the corpus you want to allocate?
Guest visit. Shopping.. Buying gifts.. etc.. I have 3lakh in my hand.. If it can generate around 3000/- per month then it would be great for me.
I’ve allocated my salary for all committed cost every month..
You are expecting Rs.3,000 a month from Rs.3,00,000?? Do you know your expected rate of return?? You are expecting around 12% returns, which is not possible even with equity for such short-term goals. Be realistic in your expectation. There is no MAGIC PRODUCT on this earth.
That’s why I wanted to know the available options. I only know about post office mis and bank mis.
Pramit-For short-term expects around 7% and for equity around 12% for long-term goals.
I didn’t get you for long term or short term.. I need immediate monthly or quarterly income from the investment
Then it is immediate and SHORT TERM. Hence, expecting more than 7% to 8% is RISKY. This is what I am pointing to say.
OK sir. Can you tell me what are option available at present. I don’t like post office mis as it requires lots of time to spend in the post office
Use Debt Funds with Dividend payout option or products like Jeevan Akshay VI
Can you suggest some funds for this?
But in my view, that not serve your purpose as the returns are not guaranteed. If you still OK with that, then check Ultra Short Term Debt Funds.