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Dear Financial experts,
Need you valuable suggestions on the below financial planning.
Few days ago I have met my friend(32yrs old). Due to his health conditions, he stopped working permanently & withdrawn all his savings (Including his PF). Currently he is holding 10Lakhs cash in hand & he wants to invest some where, to get his monthly income of minimum 15K to 16K to run his family. Unfortunately, his parents are senior citizens & also depending on him. I would like to take your valuable suggestions to support him to get monthly income from his current lump sum amount.
Thanks
SP Pathan