Hi, new on this forum and would really appreciate some help regarding some investment advice.
I have sold off my business (my ONLY source of income) and have kept 13L as funds for investing.
I would like to earn basic living from mutual fund investments by investing this money.
* How much monthly income can i expect to earn by investing in mutual funds ?
* Which mutual funds are good for a stable monthly income ?
Here is where i have invested my funds :
I would really like some opinions from the expert people here who know tons more than i do.
Have i made the right decision ?
The dividends which i am getting currently are not more than 500-600 Rs per mutual fund.
where am i going wrong ?
Also, If i decide to withdraw the money after 5 years, will i get the "latest value" or "the value which i invested" ??
Any advice is highly welcome. Thanks in advance.
I have sold off my business (my ONLY source of income) and have kept 13L as funds for investing.
I would like to earn basic living from mutual fund investments by investing this money.
* How much monthly income can i expect to earn by investing in mutual funds ?
* Which mutual funds are good for a stable monthly income ?
Here is where i have invested my funds :
I would really like some opinions from the expert people here who know tons more than i do.
Have i made the right decision ?
The dividends which i am getting currently are not more than 500-600 Rs per mutual fund.
where am i going wrong ?
Also, If i decide to withdraw the money after 5 years, will i get the "latest value" or "the value which i invested" ??
Any advice is highly welcome. Thanks in advance.
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