Reader's corner: Financial Planning

Kartik Jhaveri, director, Transcend Consulting, answers your questions

I want to know what investment options exist for me to earn Rs 50,000 per month on an investment corpus of Rs 60 lakh. As a retired professional, this will be my only income source to meet my expenses.

There is no 100 per cent safe and definite option for you to earn Rs 6 lakh from investment corpus of Rs 60 lakh as your expected rate of return is 10 per cent. You can consider certain company fixed deposits which may help you earn close to the targeted income. However, advise you to check the credit rating of