CSE at VIT Bhopal or SRM KTR: Which is the better choice?

Hello sir, Recently we sell the property and right now 40 lakhs cash in hand. I am planning to put it in FD for monthly income. Right now I don't have any loans or any liabilities. Infact nearly 50k I am investing monthly in mutual funds. Already 10 lakhs FD in wife savings account and more than 20 lakhs KVP in post office on my children name. I am actually planning for passive income apart from my salary. With this income I am planning to roam around the india twice in a year with family. Without tax deduction or TDS how to segregate this 40 lakh for passive income. Getting a monthly salary more than a lakh. But I don't want to use my salary money for any enjoyments, it is for only MF investments, domestic expenses and future savings. Kindly guide me please.