Where should I invest for a monthly income of Rs 50,000?

I am looking for a monthly income of Rs 50,000. Tell me how to go about it? How much investment is required? Whether one-time investment or SIP? I need low-risk funds and only equity schemes.
--Rumana Nasir

Your query is a bit confusing. It is not clear whether you want to invest for some years and draw an income or whether you are looking for an immediate income.

If you are looking for an immediate income, you need to invest around Rs 1 crore to draw an annual income of Rs 6 lakh per year. This is assuming an annual return of six per cent.


Also, you do not invest in equity scheme via an SIP to draw regular income. Equity schemes are recommended to create wealth over a long period. To draw regular income, debt schemes or debt-oriented hybrid schemes are better. These schemes are relatively stable than equity schemes.

If you have a long investment horizon to build a corpus, you may consider investing in equity mutual funds. You should choose equity schemes based on your risk profile. The corpus should be large enough to offer the required income.

Here are our recommended equity mutual fund SIP portfolios (Best mutual funds to invest in 2017). You may take a look at it to figure out how mutual fund portfolios change in line with risk profile and SIP amount.