Gone are the days when having a single income source was sufficient to manage household expenses. Rising cost of living demands investors look for regular sources of income to manage their expenses or to maintain a decent standard of living. Best options to make regular monthly income by investment - Fixed Deposit FDs are free from market fluctuations and offer higher interest rate starting from 8.40% onwards. The depositor can make appreciable interest income on minimum deposit of just Rs. 25,000 for a flexible tenure of 12-60 months. The investor can easily book the account online either in their name or for their family member. Mutual Fund They are subject to market risks and ideal for investors willing to take some kind of risk. Certain funds provide the option of dividend payout for investors who do not wish to invest in equity. Dividend is provided on yearly basis only. But investors will have to create a diversified portfolio and invest in multiple such funds to be able to make regular dividend income. Know about ppf or fixed deposit Post Office Monthly Investment Scheme (MIS) This is a prudent investment scheme for depositors which offers 7% interest rate with monthly payouts. An individual can deposit a maximum limit of up to Rs. 4.5 lakhs while joint account holders can deposit up to Rs. 9 lakhs. This is a low-risk investment offering tenure of up to 5 years. Rental Income
Rental from residential or commercial property is another great way to generate regular income. Though , you may not always be able to maintain a consistent income for reasons such as change in rental prices, not finding the right tenant etc. This option still has its own perks when managed well.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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