Hello friends,
I am asking this query on behalf of my uncle and family. He is 60+ and recently got 40 lacs on selling a property. He wants to invest this money so as to ensure a decent monthly/regular income as well a decent growth on the amount. I suggested investing in share markets but he is quite traditional when it comes to investment plans. He isn’t willing to take up any higher levels of risk. Could you please let us know the options he can explore?
PS: His monthly expenditure and other basic requirements including health are not dependent on the return from this amount.
Thanks!!!!