If you have a fixed amount, you can invest it and earn regular monthly income. Today we are going to tell you about such investment options available in India in which you can invest and earn regular monthly income. Let us know about the benefits of these investment options and information related to their eligibility.
Monthly Income Investment Options: If you are looking for different types of investment options to earn monthly, then this news is for you. There are many different investment options in India, including post office, in which you can get monthly income by investing. Today we are going to tell you about such methods. The biggest advantage of investing in investment options that provide monthly income is that your principal amount remains safe and you can receive the profit or dividend received on it regularly every month.
Post Office Monthly Income Scheme (POMIS)
Any Indian citizen can invest in this scheme provided by the post office. A person can invest a maximum of Rs 9 lakh in a single account opened under the scheme and a maximum of Rs 15 lakh in a joint account. Investment can be started from Rs 1500. An annual interest of 7.4% is received on the money deposited in the account opened under the scheme. The tenure of this scheme is 5 years.
Government Bond
If you are looking for a low-risk investment option, then this option can prove to be very good for you. The tenure of these bonds is between 5 to 40 years. This option also provides you the option of regular interest or coupon payment. Any Indian citizen can buy government bonds. Different types of government bonds offer 7%-7.75% annual interest.
Corporate Deposit
Many non-banking financial institutions and housing finance companies offer corporate deposit options. This option is similar to bank deposits except that you invest in a corporate entity instead of a bank. Anyone can invest in corporate deposits and currently various corporate deposit schemes offer returns of 7.5% to 8.5% per annum.
Monthly Income Plan
These are mutual funds that invest funds primarily in fixed income and a small portion in equity. You then start earning regularly at a fixed time. It is important to note here that the investment is related to mutual funds and hence you will not always get the same returns.
