Everyone wants to know easy ways to make money. So, if you are thinking of an income of Rs 33,000 per month apart from your monthly salary is not wishful thinking. Income earned outside salary can be a cushion for you in your troubled times or to get yourself something that you have always dreamed about owning like a big house or bungalow, a fancy car or even sending kids to plush schools in India or abroad. Also, notably, every individual should think of an income beyond his/her salary as that can be a cushion in troubled times.

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At the outset, this goal is definitely achievable but one needs to invest wisely and look for options where the money could come from. As the individual is not always the best money expert, Zee Business financial expert Pooja Bhinde has some valuable tips about easy ways to make money.

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Pooja says that the easiest way to make money for investors is mutual funds. These are good options for investors who want to have a regular source of income without taking much risk, according to our expert. After all, the foremost thing on investors' minds is profit and the next is that they must not lose their money. So, taking too much risk is not on.

How to make money? Pooja tells us how an investor can earn up to Rs 50,000/month of regular income.

One Zee Business viewer called us and asked us an important question. His name is Mahesh, aged 41 years. He said that he has the potential to invest Rs 50 lakh at one-time. He wants to know how he can earn up to Rs 50000/month and what options does he have.

Pooja says that he can explore Systematic Withdrawal Plans (SWP) to achieve his goals. She explains how the investor can open an SWP account in a Mutual Fund.    

The investor can invest in Equity Hybrid Funds and opt for a Systematic Withdrawal Plan after completing one year of investment. The investor can get Rs 33,000 every month.

Systematic Withdrawal Plan is an investment instrument where the investor can withdraw a fixed amount every month. SWP is one of the better options for an investor to maintain regular cash flow.

How Does SWP work?

Pooja Bhinde explains this in detail.

You can draw a regular income through SWPs on a monthly, quarterly, half-yearly or annual basis. The investor has the freedom of deciding the duration and amount at the time of opening the account.

You can invest the withdrawn money in other Mutual Funds. The funds that you get are through the sale of the units in that particular fund. The SWP stops after the entire deposited money is exhausted.

Options of SWPs
There are two ways to do the SWP - one is the fixed plan while the other is the variable plan. In a fixed plan, you decide the amount while in the variable plan you are entitled only for the profit amount.

Fund houses which are giving Fixed SWPs

-- ICICI Prudential Mutual Fund
-- Axis Mutual Fund
-- Mirae Asset Mutual Fund
-- SBI Mutual Fund

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Fund houses which are giving both options

-- HDFC Mutual Fund
-- L&T Mutual Fund
-- Kotak Mutual Fund
-- DSP Mutual Fund