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I am a retired person and want to earn more than the bank fixed deposits

I am a retired person & do not get any pension. So far I use to meet my expenses from the QRTLY interest earned from FIXED DEPOSITS of banks. Now that interest rates offered by different banks have drastically reduced, where shall I invest so that I earn around 10 to 10.5% annually & get proportionate amount of QRTLY interest to meet my monthly expenses?

Sep 6, 2016 by Biman Kumar Chatterjee,   |   Mutual Fund

To earn more than your bank fixed deposits, you may consider investing in debt funds or MIPs of Mutual Funds.

Please have a look at the performance of these funds to understand what could be the difference between the returns of these funds vis-à-vis fixed deposits –

Top performing debt funds

Top performing MIPs

You may invest in these funds and can also opt for SWP route to withdraw a fixed amount every month. Please read this to understand it better https://www.advisorkhoj.com/company...

The other option is to invest in MIPs and opt for monthly or quarterly dividends. Please check the top dividend paying MIP schemes from here https://www.advisorkhoj.com/mutual-funds...

Please have a look at the above and let us know in case of any queries.

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