I have fund of Rs. 5,00,000/- which I want to invest for regular passive income for my wife (Just because after all the deductions & investments, I fall in to 20% tax bracket). Reason for choosing Monthly Income Plan is only that I don’t have time to monitor that fund in particular.
Which are the best possible options to me?
Bank with option of netbanking for tranferring interest to my Acc is preffered.
P.S. I don’t want to go for any market based plan for this fund.