I will retire in Sep 2017. Please advise me how can I get tax free maximum income with low risk by investing in mutual fund. Suggest also few of such funds which give 9 percent return at least.I will be obliged for that?
There are two ways or receiving regular income from mutual fund investments.
1. Dividends - You can invest in hybrid debt funds (MIPs) or balanced funds with monthly / quarterly dividend payment option. Please check the track record of these funds here https://www.advisorkhoj.com/mutual-funds...
2. SWP - You can invest a lump sum amount in any mutual funds scheme (say MIP or Balanced Fund) and can start withdrawing a fixed amount every month. To know more about SWP, do read the following -
https://www.advisorkhoj.com/post-your-queries...
https://www.advisorkhoj.com/articles/Mutual-Funds...
https://www.advisorkhoj.com/principalmf...
https://www.advisorkhoj.com/principalmf...
Apart the above articles, we also have few research tools on SWP which are given as follows -
https://www.advisorkhoj.com/mutual-funds...
https://www.advisorkhoj.com/mutual-funds...
https://www.advisorkhoj.com/mutual-funds...
If you go through the above the concept of getting regular returns from your mutual fund investments will be totally clear to you.
Thanks for writing to Advisorkhoj.
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