I have 1 million in my bank and want regular income of 10k per month. Is it worth investing in SWP. If so, suggest the correct MFs
Ans: Hello and thanks for writing to me. You can consider investing in Balanced Advantage Funds or Multi Asset Funds. These funds invest in multiple asset classes like equities, debt and in the case of multi asset funds, REITS, gold and silver. As they invest in multiple classes, you can expect to see lower volatility.
Do note that there are no guarantees when it comes to investing in mutual funds. I recommend you consult a financial planner who can create a specific plan for you.