Where to invest my PPF amount as I am retired

During your retirement years, you need regular income preferably monthly from your accumulated savings.

You have already invested in HDFC Prudence Fund and receiving monthly dividends. The amount of Rs 20 Lakhs which is going to mature in November 2017 can also be invested in monthly dividend paying balanced funds with a good performance track record. Please check this research tool wherein we have provided all the balanced fund schemes which has good track record of monthly dividend payment https://www.advisorkhoj.com/mutual-funds...

The other option is that you can invest the entire amount in good balanced fund schemes in growth option and start withdrawing a fixed amount every month on a fixed date through SWP (Systematic Withdrawal Plan).

Please read the following to know more about getting regular income through SWPs -

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

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

Some of the top performing balanced fund which pays monthly dividends are - ICICI Prudential Balanced Fund, DSP BlackRock Balanced Fund and L&T India Prudence Fund.

The other top performing balance funds which do not pay monthly dividends but pay quarterly dividends are - HDFC Balanced Fund, SBI Magnum Balanced Fund and Birla sun Life Balanced 95 Fund.