ULIPs and mutual funds are two popular yet distinct investment avenues, each coming with its unique set of benefits and drawbacks. Know which one is better for your individual needs and preferences.
Invest smart today for a better tomorrow
‘How to invest 50 lakhs for monthly income’ is a question that many individuals, especially those nearing or post-retirement, often grapple with.
The answer to this question depends significantly on your risk appetite. High-risk individuals typically pursue avenues with potentially higher returns, albeit with more market volatility. Low-risk individuals, on the other hand, prioritise safety and are more inclined to explore options that assure consistent returns with minimal risk.
For those pondering over how to invest 50 lakhs after retirement, this article offers a comprehensive guide on the best avenues for investing INR 50,00,000 as per different risk appetites.
Some of the best investment options are listed below -
The POMIS is a government-backed scheme, tailor-made for investors seeking a stable monthly income.
Government bonds are debt securities issued by the government. These bonds are ideal for conservative investors.
These are deposits primarily offered by non-banking financial institutions and housing finance companies.
SCSS is a dedicated savings scheme for senior citizens offered by Indian banks and post offices.
FDs are time deposits with banks, offering guaranteed returns upon maturity.
Various insurance companies offer plans specifically designed to generate monthly income.
SIP is an investment strategy where an individual invests a fixed amount in a mutual fund scheme at regular intervals.
Annuity plans are financial products that guarantee a fixed sum of money annually.
If you want a regular stream of income from your funds, understanding how to invest 50 lakhs for monthly income is important, particularly for those at the cusp of or post-retirement. With myriad options available, each offering unique advantages, the right choice often hinges on individual risk preferences and financial goals.
Whether you're drawn towards the assured returns of the Post Office Monthly Income Scheme or the steady reliability of 50 lakh FD interest per month, the ultimate aim is to secure consistent monthly income.
The journey of discovering where to invest 50 lakhs culminates not just in monetary gain but also in the peace of mind that comes with well-planned investments. As you tread this path, always align your choices with your long-term vision and financial aspirations.