Which are highest return mutual funds in India for regular return

I am 50 years old. I have 50 lacs to invest and want to earn tax free return on a monthly basis to take care of my running monthly expenses. I don't have other source of income. I already have term insurance plan of 50 lacs. Please suggest the best investment options available?

Sep 1, 2017 by Samir, Ahmedabad | Mutual Fund

If you want to get tax free then you can invest in monthly dividend options of balanced funds or opt for SWP from balanced funds. If you need fixed cash-flows every month to take care of your running expenses, then SWP is the better option. Please see top most consistent balanced funds in our tool Top 10 Mutual Funds in India – Balanced Funds Equity Oriented. You should begin your monthly withdrawals (SWP) least a year after the investment date or the exit load period, whichever is longer, to avoid short term capital gains tax and exit load.

We suggest you read what are balanced funds and also read how SWP from balanced mutual funds is a smart option to get regular returns

Hope you find our suggestions useful.

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