I have corpus of 45 Lakhs from which I need 30000 income per month with capital protection

I am taking sabbatical and have corpus of 45L, from which I need 30000 income per month at least for next 1 year, but at the same time my capital should be protected. Please suggests mutual funds to invest?

Jul 26, 2016 by Shunyam Teja, Thane  |   Mutual Fund

You may invest in liquid funds as you want capital protection. Ideally you should put Rs. 45,00,000 in a liquid fund and sign SWP mandate for the fixed monthly withdrawal amount.

However, withdrawing Rs. 30,000 per month from an investment of Rs. 45,00,000 in a liquid fund is a bit high! Anything between 25,000 – 28,000 should be okay.

We have done back testing with few funds and following is the result –

Reliance Money Manager Fund

ICICI Prudential Ultra Short Term fund

Birla Sun Life Cash Plus Retail Growth

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