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Ans: I can offer a breakdown of the two options and some factors to consider when making your decision:

Option 1: Combine FDs and Make a New FD @ 7.25%

Pros:

Safety: Fixed deposits are considered a low-risk investment with guaranteed returns.
Regular Income: You'll receive a fixed monthly interest payout.
Liquidity: You can typically break FDs before maturity (though with penalties).
Cons:

Potentially Lower Returns: Historically, equity mutual funds have offered higher potential returns than FDs over the long term. 7.25% might not outpace inflation over time.
Taxation: Interest income from FDs is taxed as per your income slab.
Option 2: Invest in Equity Mutual Funds (SWP)

Pros:

Potentially Higher Returns: Equity mutual funds have the potential for higher returns compared to FDs over the long term (10+ years).
Growth Potential: Your investment can grow over time, potentially outpacing inflation.
Cons:

Market Volatility: Equity investments carry market risk, and your returns can fluctuate.
No Guaranteed Returns: Unlike FDs, there's no guarantee of returns in equity markets.
SWP Set-up: Setting up an SWP (Systematic Withdrawal Plan) might require planning to ensure enough liquidity for your monthly needs.
Additional Factors to Consider:

Investment Horizon: A longer investment horizon (10+ years) generally favors equity mutual funds for potentially higher returns.
Risk Tolerance: Equity markets can be volatile. Consider your comfort level with potential fluctuations.
Financial Goals: Are you saving for retirement, a child's education, or a short-term goal? This can influence your risk tolerance and investment choices.
Emergency Fund: Ensure you have an adequate emergency fund outside of this investment to cover unexpected expenses.
Here are some suggestions:

Consult a Financial Advisor: A qualified advisor can assess your risk profile, financial goals, and recommend a suitable investment strategy combining FDs and equity mutual funds (through SWP) to meet your needs.
Consider a Hybrid Approach: You could invest a portion (say 60%) in equity funds for growth and the remaining (40%) in FDs for regular income and stability.
Start an SIP in Equity Funds: Instead of a lump sum investment, consider a Systematic Investment Plan (SIP) in equity funds to rupee-cost average and potentially reduce risk.
By carefully considering these factors and consulting a financial advisor, you can make an informed decision about how to allocate your 43 lakhs between FDs and equity mutual funds to achieve your financial goals.

Ans: Choosing between the Sriram Unnati Fixed Deposit and Canara Bank FD depends on your priorities and risk tolerance:

Sriram Unnati Fixed Deposit: Offers a higher interest rate of 8.05% for 36 months. It provides a relatively higher return but may involve higher risk compared to bank FDs due to being a non-banking institution. You need to ensure thoroughly and research the credibility, repaying capacity and reputation of Sriram Unnati before investing.

Canara Bank FD: Offers a lower interest rate of 7.44% for 444 days but is backed by the safety and security of a nationalized bank. It provides relatively lower returns but offers greater safety and stability.
For the lump sum amount from the sale of land, consider a diversified approach:

Debt Funds: Invest a portion in debt mutual funds, which offer relatively higher returns than traditional bank FDs while maintaining liquidity and stability.

Systematic Withdrawal Plan (SWP): Invest in a mix of debt funds or balanced funds and set up an SWP to receive regular monthly income. This provides flexibility and potentially higher returns than FDs.
Consult with a financial advisor to assess your risk tolerance, financial goals, and investment horizon before making any investment decisions. They can provide personalized recommendations tailored to your needs and help you build a diversified investment portfolio.