Any idea you have?
Income from FD
REITs, FDs/bonds and dividend-paying stocks are probably the more straightforward options.
In MFs, arbitrage funds can be considered for relatively lower volatility, liquid funds for short-term parking, and gilt funds if you’re comfortable with interest-rate risk. I’d probably look at a mix depending on the time horizon rather than looking for one ‘best’ passive-income source.
Also worth checking the tax treatment of each before deciding.
One thing adding to it is if you are good at anything like if you have any skill maybe create a workshop around it. You can earn something on it. ![]()
Annuity Deposit with SBI is also one of the passive income streams provided there is a lumpsum for withdrawal - Annuity Deposit Scheme - Personal Banking. Annuity Calculator - Retirement Income Planner & PDF | ProFinPlanner can be used to review the monthly withdrawals based on investment and Interest %.