Q: Where do I invest my money for regular monthly income?
Answer: Regular, assured/fixed monthly income can be ensured from schemes such as Post Office MIS. If the person is a Senior citizen, then through Senior Citizens Savings Scheme. If the person can take risk and is not keen on assured monthly payment every month, but wants a higher return, he can look at Monthly Income schemes of Mutual funds.
Shweta, Certified Financial Planner