Where should a retiree invest for a monthly income?

I am going to retire shortly. How could I invest my retirement corpus so that I will get a monthly income?
--Hemant Khade

You have not mentioned whether you are looking for a primary or secondary income. If you are looking for a primary income to take care of your living expenses, it is not a great idea to invest in mutual funds for it. Mutual funds do not guarantee any returns. Their returns would depend on the performance of their investments. So, if you are investing for a primary income, it is better to invest in government-sponsored schemes like Senior Citizen Savings Scheme (SCSS) or Post Office Monthly Income Scheme (POMIS) that guarantee periodic returns. To generate supplementary income, you may bet on mutual fund schemes. You may choose appropriate schemes based on your risk profile.