A regular income with minimum risk for an NRI retiree

I am an NRI and I am going to retire in Chennai next year. Please give me an investment plan for a regular income with minimum risk. I need Rs 2 lakh income per month.
--Stanley D Souza

It is not possible to offer you a personalised advice as you have not shared any personal details with us. You should consider a financial planner or mutual fund advisor for help.

Here are a few pointers you may consider. If you are looking for a government-backed regular income, you should consider investing in Senior Citizen Saving Scheme and Post Office Monthly Income Scheme. These options would offer you a regular income. To supplement this income, you may consider investing in debt mutual funds and conservative debt mutual fund schemes. Remember, mutual funds do not guarantee any returns. The returns would depend on the performance of the scheme. Some retires with a higher risk profile also park money in aggressive hybrid schemes or equity mutual fund schemes and withdraw a fixed amount through a Systematic Withdrawal Plan (SWP).