I’m due to retire in six months and am not eligible for pension. Where should I invest my money for regular monthly returns?
Another option is monthly income plans (MIPs) of mutual funds. Since they actively manage a debt portfolio and also invest in equities, such MIPs promise higher returns. The flip side: they don’t assure the periodicity or amount of dividends, and tend to skip dividends during bad months. At your age, you don’t need to put up with such uncertainty.
