How to get monthly income from investments in india?
I have been following this website from long and I trust on it, that's why I am asking directly and frankly that I want to know best monthly income plan available in India. As I want to start planning my retirement from now on, so I would like to know how much to invest to get 50000 per month and where to invest money to get monthly income.
Thank you for your valuable feedback. I will surely highlight you some of the best investment plan for monthly income.
Firstly, Mutual funds is one of the best ways when you are looking for Systematic Withdrawal Plan (SWP).
Debt mutual fund investments are considered to be low risk funds which gives you returns around 7-8% annually i.e.. 0.6% per month whereas investing in equity mutual funds are considered a moderate risk funds which gives you returns around 10-12% annually i.e.. around 1% per month.
Lets take an example: if you invest 70 Lakhs in debt mutual funds, you can expect to get 5.60 lakhs interest with 7% return on investment annually. Whereas if you invest 70 lakhs in equity mutual funds, you can expect to get 8.40 lakhs interest with 12% return on investment annually.
So best monthly income plan in India would be to invest 85.71 lakhs to get 50,000 per month when investing in debt mutual funds. Whereas invest 50 lakhs to get 50,000 per month when investing in equity mutual funds.
Secondly, combination of Mutual Funds and Equity Stocks like 50:50 or 70:30 would be another great option, if you are looking to invest money to get monthly income. If you want to invest in stock market then you should definitely read the article Best Stocks for Long Term Investment which will briefly explain you with example on return on investment when investing in stock market. Hope you will find the article interesting.
Thank-you for writing us. Have a great day ahead 😊