How should a senior citizen invest amount received on FD maturity to get monthly income?

You can equally divide the amount in corporate bond and floating rate funds. For monthly income, consider debt funds that are yielding 6-7% annually. You can opt for a monthly SWP option, which can be up to .50 percent of your corpus.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/invest/how-should-a-senior-citizen-invest-amount-received-on-fd-maturity-to-get-monthly-income/articleshow/72002038.cms