Can you suggest schemes where I get regular return

For availing tax free returns, mutual funds could be a good way. But as you are looking for safety of principal investments this may not be the right choice for you.

If you are not ready to take even minimum risk, then the only option left to you is postal MIS, bank fixed deposits and Senior Citizen Savings Schemes. In these investments, interest received in your hand is taxable and the real returns could be 2-3% (real return = interest received – inflation).

However, if you are looking to spread your investments across a basket of investments, then you can allocate some portion of it into mutual funds. Though this will add some risk to your overall portfolio, the returns could be high and tax free. Let us now see what are the options available to you in mutual funds?

1. You can invest in hybrid debt funds and receive monthly dividends. Check https://www.advisorkhoj.com/mutual-funds... and see what is the dividend consistency of these funds

2. You can invest in balanced funds and receive monthly dividends. Check https://www.advisorkhoj.com/mutual-funds... and see what is the dividend consistency of these funds

3. The other popular way of receiving a regular return on your investments is SWP. For example - You can invest a lump sum amount in balanced funds and withdraw a fixed amount every month. Please check this tool to understand how it works? https://www.advisorkhoj.com/mutual-funds...

However, to invest in hybrid funds or balanced mutual funds, you must have a minimum investment horizon of 5 years.

Hope the above helps! Thanks for writing to Advisorkhoj.