6 Best Investment Plans for Monthly Income in 2024 | Passive Income Schemes| Regular Income

A regular monthly income is something that is a goal of a lot of investors. Be it retirement or cash flow requirements, a good monthly income scheme provides you with a high return while ensuring a regular income.

In this video we will cover top 6 options for for passive income that will help you plan your regular income while ensuring capital appreciation.

#MonthlyIcome #PassiveIncome #RetirementPlans2024

00:00 - 00:58 - Introduction of video.
00:59 - 01:29 - Monthly Income related Information.
01:30 - 03:28 - Monthly Income from Mutual Fund By SWP.
03:29 - 05:01 - Monthly Income from Mutual Funds by Dividend
05:02 - 06:10 - Monthly Income from Senior Citizen Savings Scheme.
06:11 - 07:14 - Monthly Income from Post Office Monthly Income Scheme.
07:15 - 08:33 - Monthly Income from Fixed Deposit.
08:34 - 09:30 - Monthly Income from PM Vaya Vandana Yojna.
09:31 - 09:55 - How to and how much to invest.

Mutual funds - Systematic Withdrawal Plans:
In this option you can invest in Mutual funds via SIP or lumpsum and start your monthly SWP. SWP amount is typically 8% annually of your total investment value. This is the most preferred method for getting a passive income started.
Expected Return : 10-13%
Lock in : Nil
Withdrwal amount : Flexible

Mutual Funds : Dividend plan:
Mutual funds also have a dividend plan available where you can invest in SIP or lumpsum. The difference between Dividend plans and SWP is that here you cannot choose your withdrawl amount, the same is decided by the AMCs.
Expected Return : 10-13%
Lock in : Nil
Withdrwal amount : Decided by AMCs

Senior citizen Savings scheme

SCSS full form is Senior Citizen Savings Scheme. It is a government-sponsored savings instrument for individuals above the age of 60.
Expected Return : 8.2%
Lock in : 5
Withdrwal amount : Fixed

Post Office Monthly Income Scheme
Post Office Monthly Income Scheme, amongst others such as Post Office Savings Account, Post Office Recurring Deposit, Post Office Time Deposit, is one of the highest-earning schemes with an interest rate of 7.4%.
Expected Return : 7.4%
Lock in : 5
Withdrwal amount : Fixed

Fixed Deposit:
Fds from banks or NBFCs provide a good guaranteed returm option for investors who want a zero risk option.

Expected Return : 8.27% (depends on FD and tenure)
Lock in : 1-5 years
Withdrwal amount : Fixed and depends on the FD

Pradhan Mantri Vaya Vandana Yojana (PMVVY) :
Individuals more than 60 years of age can avail of this scheme. PMVVY gives a guaranteed pension payout at a specified rate for 10 years. This scheme will provide an assured return of 7.4% per annum, which will be payable monthly for the entire duration of 10 years.

Expected Return : 7.4%
Lock in : 10
Withdrawal amount : Fixed

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⚠️ Disclaimer: Investing involves risk, and past performance is not indicative of future results. Please seek professional financial advice before making any investment decisions. This video is for informational purposes only.
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[zfunds]

"6 Best Investment Plans for Monthly Income in 💰Get Free Advice from India's top experts and invest in the right Mutual Funds for you. 🚀💰

[BankingBaba]

PMVVY is withdrawn by LIC in FY 2022-23. but some people are just copy pasting old information without verifying detais

[subratanath]

Thanks for sharing this valuable information and video with all z funds team.

[sharanst]

Sir can person invest in scss scheme both husband and wife are 60 years with 60 lakhs

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