best possible Monthly income from one time investment

One of my divorced cousin in the age group of around 37 with one 14 year old daughter, has got around Rs 7 lakhs , the only saving with them . What could be the best possible and safe monthly income plan , where there hard money will be in safe hand but also it could multiply maximum

asked Oct 28 '12 at 13:16 by financial advisor 122

There can be two options, safer option can be Post Office MIS and a bit risky option can be Monthly Income plan from mutual fund companies where around 20-25% equity equity exposure is involved.

answered Oct 28 '12 at 15:31 by mayank66333 7114


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Asked: Oct 28 '12 at 13:16

Seen: 2,185 times

Last updated: Oct 29 '12 at 16:09