How can I get regular monthly return in lieu of fixed deposits

Since you are retired and invested your money in fixed deposits, we are assuming you can not take much risk with your investments. We are also assuming that bank fixed deposit rates are going down and therefore you are looking for option/s which can get you better than FD rates with minimal or no risk.

We think, you can explore debt funds in lieu of fixed deposits and opt for monthly SWP. Debt funds can give you better than FD returns and convenience of fixed monthly SWP withdrawals. Moreover, SWP withdrawals are tax efficient over FDs.

However, to know how all these works, we suggest that you read these two articles -

https://www.advisorkhoj.com/company/Principal-Mutual-Fund...

https://www.advisorkhoj.com/company/Principal-Mutual-Fund...

To know which debts funds gave the top SWP returns, please do check this - https://www.advisorkhoj.com/mutual-funds...

Hope the above helps you. In case you have more queries do write to us again. Thanks : )