Dear Mr. Basu my father has recently been retired from his services and has got some capital at his disposal. Now he wants to invest the sum in mutual funds in the hope of getting monthly dividends. What do you suggest? What are the best mutual funds alternatives considering his situation? He is willing to take moderate risk with his money. Anticipating a favorable reply from your end. Thank you.
Whether he is dependent on such income? There nothing called MONTHLY dividend option in Mutual Funds (even though they name it like that). If they have a surplus, then they can pay you a dividend and if not then they can’t. There is no obligatory that they MUST pay you the dividend monthly.
Hence, better to choose the alternatives if he is dependent on this income.