I am looking for monthly pension

As a retired individual you have many options to earn a regular return from your investments. Please check the following to know more -

https://www.advisorkhoj.com/articles/Retirement-Planning...

However, as the article is one year old, the interest rates have come down a bit from there. Therefore, if you are taking any investment decision based on this, do check with your investment advisor or agency through whom you are investing in the respective scheme/s.

The other popular way which has emerged these days as the interest rates are falling, is mutual funds. Withdrawing a fixed amount every month through SWP from your investments in balanced funds have become very popular among retirees and you may like to know more about it. Please read the following -

https://www.advisorkhoj.com/articles/Mutual-Funds...

https://www.advisorkhoj.com/articles/Mutual-Funds...

https://www.advisorkhoj.com/post-your-queries...

Therefore, if you are convinced about the mutual fund SWP concept and willing to remain invested for 5 years with bit of risk, balanced fund is the answer to your query.

Please let us know if you found the above useful. Thanks for writing to Advisorkhoj.