Hello Sir, if I am having a saving of 20 lacs and would like to invest that in Mutual Funds, is there any plan/SWP where in I can invest the money for long term and also have a fixed return every month? What is the best course of action for investment for this much amount?
Ans: Investment in Mutual Funds need time to generate good and stable returns. It would be a good practice in case you do not withdraw the amount in the first 4-5 years and give time to your investment to grow at a decent rate.
After 4-5 years, you can start SWP (Systematic Withdrawal Plan) for your requirements. In SWPs, your capital also gets withdrawn. Therefore, you should withdraw the amount through SWPs at a rate below than the CAGR.