Monthly Income 5 Schemes | Business | Sarthak Ahuja

Описание: If you want monthly passive income, then there are 5 investment options that offer monthly cash flow on investing of a corpus... and No. 5 is what young people should attempt to build for their retirement...

👉🏻 1/ POMIS - Post Office Monthly Income Scheme - this offers 7.4% interest p.a., paid out monthly with no TDS deduction...

An individual can invest up to Rs 9 Lakhs, and a joint account can take up to a maximum of Rs 15 lakhs...

Which means on a Rs 15 lakh balance, you can earn Rs 9250 per month

👉🏻 2/ SCSS - Senior Citizens Savings Scheme - this offers 8.2% p.a. interest paid out quarterly on a maximum investment of Rs 30 Lakhs per person... for people above the age of 60...

So one can earn Rs 20500 per month (paid quarterly) under this scheme...

👉🏻 3/ REITs and InvITs - which are Real Estate Investment Trusts by Embassy, Mindspace, Brookfield; and Infrastructure Investment Trusts like India Grid Trust - they invest your money (no less than 80%) in income generating commercial real estate properties, and are required under law to pay out 90% of the amount collected as rent to investors...

They typically pay out rentals quarterly - and can vary between 6.5% to 10% depending on the scheme and the risk

👉🏻 4/ RBI FRSB - RBI Floating Rate Savings Bond - this pays 8.05% p.a. interest paid out half yearly... there is no upper limit, and it has a seven year tenure...

So by investing Rs 50 Lakhs, you can get Rs 33541 per month (paid semi annually)

Similar products are Corporate FDs or Non Cumulative FDs - a number of NBFCs especially housing finance companies, as well as a few banks offer these options where interest between 7 to 8% p.a. is paid - and depending on which scheme you pick, you can opt for monthly, quarterly or half yearly payouts...

It’s best checked with your local bank...

👉🏻 5/ This is what most people should plan to build for their retirement... an SWP or a Systematic Withdrawal Plan...

Where you keep investing in Mutual Funds while you are young in the form of an SIP... and after years of compounding, you fix an amount that you have to withdraw monthly called an SWP...

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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years