Top 8 Monthly Income Investment Plans in India

By Priyanka Roshan, July 4, 2024

Generating a monthly income from investments is crucial for financial stability, especially for retirees or those seeking a regular income stream.

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Here are eight investment options in India that can help you achieve a reliable monthly income:

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Post Office Monthly Income Scheme (POMIS)

This government-backed plan offers fixed monthly income with assured returns over a 5-year tenure, ideal for conservative investors favoring low-risk options.

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Senior Citizen Savings Scheme (SCSS)

Designed for senior citizens, this option offers a high-interest rate with quarterly payouts, ideal for retirees seeking reliable monthly income.

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Pradhan Mantri Vaya Vandana Yojana (PMVVY)

It is tailored for senior citizens and provides an assured return on investment with regular pension payouts, ensuring a secure monthly income.

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Monthly Income Plans (MIPs) of Mutual Funds

Mutual fund monthly income plans invest in a mix of equity and debt to provide regular monthly income through dividends, balancing risk and return.

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Fixed Deposits with Monthly Interest Payout

Offered by banks and NBFCs, these fixed deposits provide a fixed monthly income and are considered low-risk monthly income investments.

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Real Estate Investment Trusts (REITs) India

REITs invest in income-generating real estate assets and provide monthly income through dividends, offering secure monthly income from real estate.

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Corporate Deposits

It often provides higher interest rates compared to bank FDs and can be chosen for reliable monthly income sources.

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annuity plans for retirees

This investment option by insurance companies provide a regular monthly income in exchange for a lump-sum investment.

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