My friend who lives in a small town and would like to stop doing agriculture and sell his land. He might get around 50 Lakhs after selling the land. Since he is not earning and he would like to use this 50 L and use it for his future needs. Following are his goals
1. Regular monthly income
2. Daughter’s marriage after 5-6 years
Please suggest safe ways of investing this amount and ways to save tax
TIA